Tuesday, September 9, 2014
Jerome Kerviel, the French rogue trader who brought one of Europe's biggest banks to the verge of ruin with nearly five billion euros in losses, left prison Monday after winning conditional release.
Monday, September 8, 2014
The Cypriot parliament adopted Saturday a controversial bill to streamline bank foreclosures of bad debts, clearing the way for international lenders to release the next tranche of a 10 billion euro loan.
Friday, September 5, 2014
The European Central Bank (ECB) surprised financial markets on Thursday with a new cut in key interest rates and an asset purchase scheme to ward off deflation in the single currency area.
German industrial orders, a key measure of demand for German-made goods both at home and abroad, jumped in July, suggesting the fallout from the Ukraine crisis remains limited for now, data showed on Thursday.
Thursday, September 4, 2014
Growth in Switzerland has ground to a halt, official data showed Tuesday, suggesting that while the wealthy Alpine nation has survived years of European financial turmoil relatively unscathed, weakness in the eurozone has begun to rub off.
The Bank of England (BOE) is set to keep interest rates at a record-low 0.50 percent this week, as it eyes slowing inflation before next year's election, analysts say.
France's finance minister on Tuesday hinted that the country's much-vaunted aim to cut 21 billion euros (US$28 billion) in public spending next year could be in jeopardy due to low inflation.
Ireland's tax collections are beating targets and have put the country on course to achieve normal deficit levels after six years of austerity, the government announced Tuesday.
Wednesday, September 3, 2014
French President Francois Hollande and Mario Draghi the head of the European Central Bank (ECB) have agreed that European demand must be lifted to head off a risk of deflation, French officials said.
The EU should convert a whole spectrum of television and radio frequencies for use by mobile broadband by around 2020 as smartphone use soars, a report said on Monday.