China to keep investing in euro zone debt

China will continue to invest in euro zone government debt and it remains confident in the euro, the country's central bank governor said on Wednesday, while calling on Europeans to produce more

Markets gain on hopes for Greek deal

Markets rose on Wednesday as investors hoped Greece would deliver on a commitment to enact harsh reforms, while comments from China's central bank governor saying Beijing would continue to invest in euro

EU to punish Spain for deficits, inaction

The European Union is likely to take action against Spain's newly installed government by May for delaying austerity measures ahead of a regional election next month, sources familiar with the situation have

Next steps on path to Greek bailout

Greek parliamentarians have voted through an austerity package that keeps their hopes of securing a 130 billion euros bailout from the European Union and International Monetary Fund on track. But more hurdles