The European Commission will make more detailed proposals of changes to EU budget rules on June 30 focusing on early budget coordination, reducing debt and more sanctions for rule breakers, an EU
France joined Spain in calling for rapid publication of "stress tests" on European banks as EU leaders began a summit on Thursday to agree new budget rules and tried to allay concern
World stocks fell from this week's one-month high on Thursday and the euro and oil prices dropped as worries about Spain's public finances encouraged investors to cut back on risky assets. The
The outlook for the European steel industry is stable, reflecting the rebound of prices and volumes in recent months, as well as continued strong demand from China, Moody's Investors Service said in
European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt
Bank of Cyprus has withdrawn an application to raise its stake in Romanian Banca Transilvania <BATR.BX> to up to 20 percent, it said on Wednesday. The Cypriot bank cited "other priorities" for
The European Central Bank will continue to buy government bonds until markets have sufficiently stabilised, ECB executive board member Jose Manuel Gonzalez-Paramo told a German newspaper. "So far the programme is going
Asian shares fell and the euro slipped on Thursday as short covering rallies ran out of steam, but some analysts said global markets may have finally found support after a heavy selloff
A top Moody's analyst on Tuesday defended the international ratings agency's decision, a day earlier, to downgrade Greek government bonds by an eyebrow-raising four notches, Ba1 from A3. Asked to justify the
The outlook on the banking system of the United Arab Emirates remains negative as a result of the country's weak operating environment and the significant challenges facing the emirate of Dubai in
