The outlook for Denmark's banking system remains negative, although with an improving trend, reflecting the expectation that key fundamental drivers of credit quality will deteriorate further in the short to medium term, Moody's Investors Service said in a new Banking System Outlook. The rating agency said that the most recent macroeconomic data point to a

A growing belief among British investment managers that fears of a renewed economic slump are overblown has halted a five-month decline in allocations to stocks, according to a Reuters poll. The survey of 11 British fund managers polled on asset allocations in August shows the average exposure to equities jumped more than 3 percentage points

Anglo Irish Bank expects the final bill for its rescue to come to about 25 bln euros, well below some estimates that have spooked markets, and expects the government to decide its future next month. Dublin signalled on Monday that it might wind down Anglo Irish after the rescue left it with the biggest budget

Britain's top shares were lower by midday on Tuesday, as U.K. economic data added to uncertainty surrounding the global recovery, with risk-sensitive banks and commodity stocks leading the fallers. Weak mortgage lending pushed total net lending to its lowest since March, Bank of England figures showed, despite an unexpected rise in British mortgage approvals and

The European Union is preparing to investigate whether China is unfairly subsidising makers of wireless modems, the latest move by Europe to defend its high-tech industry in the face of China's growing market share. The European Commission, the EU's executive, has told member states it wants to investigate the sector and has until mid-September to

British mortgage approvals and consumer credit rose unexpectedly in July, but weak mortgage lending pushed total net lending to its lowest since March, Bank of England figures showed on Tuesday. The figures reinforced analysts' views that British house prices — a major driver for consumer morale — have reached a plateau, and are vulnerable to

U.S. crude futures fell below $74 on Tuesday, extending losses for a second day, as expectations of higher crude inventories fed fears that a slowdown in global economic growth was hitting demand. Investors took profit on oil after equities slid on skepticism that governments can boost growth, while the yen clung near a 15-year high

The yen rose towards a 15-year high against the dollar on Tuesday as traders looked to test Japanese authorities' resolve on intervention after the Bank of Japan's easing steps the previous day failed to scare investors from betting on it rising further. With mounting U.S. economic worries seen keeping investors away from risk assets such