US Federal Reserve chairwoman Janet Yellen addresses a Senate banking committee hearing in Washington, DC, yesterday. She told lawmakers the central bank must press on with monetary stimulus as “significant slack” remained in labour markets and inflation was still below the Fed’s goal. Photograph: Andrew Harrer/Bloomberg

US stock markets rose yesterday, adding to earlier gains as investors bet that the US Federal Reserve would not adjust guidance about how soon it w(...)

Telefonica’s bid is likely to attract additional suitors for Brazil’s fourth-biggest broadband provider, analysts say. Photograph: Martin Divisek/Bloomberg

Spain’s Telefonica has made a €6.7 billion bid to France’s Vivendi for its Brazilian broadband unit GVT, seeking to strengthen its position in a mark(...)

European stocks rose, extending a six-year high, amid better-than-forecast earnings from ThyssenKrupp to Airbus Group. ThyssenKrupp climbed 5.5(...)

The reform package is designed to improve Europe’s competitveness in the telecoms area against rival markets such as the US and Japan.

European mobile phone users could be facing cheaper bills within two years after the European Parliament voted to put an end to roaming fees by(...)

Telecom Italia satellite dishes and radio antennas on a communications tower in Rome. Its full-year net loss was €674 million, taking the accumulated deficit in the past three years to €7 billion.  Photograph: Bloomberg

Telecom Italia, trying to conserve cash as competition in Italy’s phone market hurts earnings, scrapped its dividend for common shares for the (...)

Telecom Italia: ponders sale.  Photographer: Andrey Rudakov/Bloomberg

Telecom Italia may sell a controlling stake in Telecom Argentina to investment fund Fintech, as part of a new strategy aimed at raising €4 billion to (...)

Italian airline Alitalia is currently losing close to €2 million a day.  photograph: max rossi/reuters

And now for something completely different – Italian airline Alitalia is in crisis...again. Given that this former state run, now privatised flag carr(...)

Janet Yellen: US stocks fluctuated, after the benchmark index’s biggest two-day decline since June, as a report that  Ms Yellen was picked to lead the Federal Reserve offset concern that the debt impasse will harm the economy. Photograph: Reuters/Gary Cameron

Deadlock in Washington was the main topic on the floors of stock markets yesterday, prompting investors to mark time and wait to see what happens.The (...)

Bank of Ireland shares ended the day down 3.9
per cent

The crisis in Washington hung heavily on markets yesterday, with many investors thinking they might well take their profits and wait out the deadlock(...)

 Wolseley’s strong performance boosted CRH, whose shares added 1.78 per cent to end  at €17.97

European stocks rebounded yesterday as investors decided that the US government shutdown is unlikely to make a fundamental difference to growth.Shares(...)