Politics

Draghi sends strong signal that ECB will act

Draghi sends strong signal that ECB will act

Published 27/07/2012

LONDON (Reuters) - European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the euro zone from collapse, sending [more…]

Ukrainian minister says Tymoshenko completes medical treatment

Ukrainian minister says Tymoshenko completes medical treatment

Published 27/07/2012

KIEV (Reuters) - Former prime minister Yulia Tymoshenko, whose jailing for abuse of power soured Ukraine's relations with the European Union, has completed her medical [more…]

Spain not mulling seeking further EU help: sources

Spain not mulling seeking further EU help: sources

Published 26/07/2012

MADRID (Reuters) - Spain is not considering seeking immediate help from the European Union to ease its spiraling borrowing costs, two Spanish sources said on [more…]

Santander profit halves on property writedowns

Santander profit halves on property writedowns

Published 26/07/2012

MADRID (Reuters) - The euro zone's biggest bank, Santander (SAN.MC ), said on Thursday first-half profit halved after it took writedowns on deteriorating Spanish real [more…]

Weak lending adds pressure for ECB action

Weak lending adds pressure for ECB action

Published 26/07/2012

FRANKFURT (Reuters) - Lending to euro zone firms and consumers fell in June, feeding fears the bloc is set to return to recession and adding [more…]

Austria launches sale of Kommunalkredit

Austria launches sale of Kommunalkredit

Published 26/07/2012

VIENNA (Reuters) - Austria has launched the sale of nationalized bank Kommunalkredit Austria AG, a deal it hopes to wrap up by mid-2013 in line [more…]

UPS, TNT to reply to EU objections within a couple of weeks

UPS, TNT to reply to EU objections within a couple of weeks

Published 26/07/2012

NEW YORK (Reuters) - United Parcel Service, Inc (UPS.N ) and its Dutch merger partner TNT Express NV (TNTE.AS ) said on Friday they would [more…]

Dodd-Frank forces European banks to review U.S. deals

Dodd-Frank forces European banks to review U.S. deals

Published 26/07/2012

LONDON (Reuters) - Some European banks are ordering their brokers to rein in and even quit trading some derivatives with U.S.-based peers in a protest [more…]

Slovenia to hold presidential election on November 11

Slovenia to hold presidential election on November 11

Published 25/07/2012

LJUBLJANA (Reuters) - Euro zone member Slovenia will hold a regular presidential election on November 11, Parliamentary Speaker Gregor Virant said on Wednesday. One of [more…]

Britain sinks far deeper into recession than forecast

Britain sinks far deeper into recession than forecast

Published 25/07/2012

LONDON (Reuters) - Britain's economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending [more…]