Oil rises toward $100 on US data, eyes ECB

Oil rose toward $100 a barrel on Wednesday as supportive economic and crude stocks data from the United States outweighed pressure from Europe's lingering debt crisis. Brent crude rose more than $1.10

EU eyes new regime to cope with stricken banks

The European Commission will propose far-reaching powers for regulators to deal with failing banks on Wednesday, a step towards the banking union the European Central Bank has demanded to secure the euro's