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Russian Gas Flows
Tighten Further
Russian gas supplies to a swath of Europe were all but cut off as temperatures plummeted across the region, raising the stakes in a pricing dispute between Moscow and Ukraine.
- Russia Diverts Gas Supplies Bound for EU
- Opinion: Gazprom's Lessons

Euro-Zone Inflation Falls Below Target
Euro-zone data added to expectations the ECB will deliver a hefty interest-rate cut when it meets next week.
German Billionaire Commits Suicide
German billionaire Adolf Merckle has committed suicide after his business empire ran into trouble in the global financial crisis, his family said.
Europe's Winning Streak Rolls On
European shares managed to keep the year's winning streak alive on Tuesday, with pharmaceutical firms, autos and metal stocks among the top advancers.
German Leaders Agree to Stimulus
Germany's ruling coalition agreed to the broad outlines of a fiscal-stimulus program valued at as much as $69 billion.
Logitech Abandons 2009 Targets
Logitech withdrew its financial targets for fiscal 2009 and said it would slash jobs, citing the deepening global recession.
China Approves Deutsche Bank Venture
Deutsche Bank became the latest foreign bank to receive approval for its Chinese joint venture, allowing the German bank to underwrite and sponsor deals in China's securities market.
U.K. Plans to End Ban on Shorting
The U.K. plans to end its ban on short sales of financial stocks but said it would continue to ask hedge funds to disclose such positions.
Dollar Libor Rates Resume Decline
The cost of borrowing longer-term U.S. dollars in the interbank market resumed its downward path amid optimism over the planned U.S. economic stimulus package.
Waterford Wedgwood Succumbs
Waterford Wedgwood appointed outside administrators to oversee operations after failing to find a buyer for the iconic china, crystal and glassware maker.
- Heard on the Street: Credit Lessons From Waterford's Demise

Country by Country News

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Letter From the City

Outlook Shifts on U.K. Economic Recovery
The U.K. government has quashed what little optimism was left in its outlook for 2009, saying predictions that the economy will start to recover in the second half look doubtful.
Heard on the Street
Fiscal Shift in Germany
The German government is contemplating a massive fiscal stimulus plan to head off the worst recession in years, but lawmakers are at odds on how to spend the money.