Tuesday, August 5, 2014
Portugal will inject 4.4 billion euros (US$5.9 billion) into the crisis-hit Banco Espirito Santo (BES), central bank governor Carlos Costa announced late Sunday, amid fears of a catastrophic bank run.
Monday, August 4, 2014
The European Central Bank (ECB) is unlikely to take new policy action at its monthly meeting on Thursday, despite a lingering threat of eurozone deflation and geopolitical risks, analysts said.
Friday, August 1, 2014
Eurozone unemployment and inflation data painted a mixed economic picture Thursday, with the jobless rate edging down while softer prices raised question marks over consumer demand, clouding the outlook.
British banks will be able to claw back employee bonuses up to seven years later if the recipient is found guilty of serious recklessness, the Bank of England (BOE) announced on Wednesday.
Thursday, July 31, 2014
The head of the International Monetary Fund, Christine Lagarde, said Tuesday that Ukraine may need more international aid if its crisis with the pro-Russia separatist rebellion is prolonged.
Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.
Canadian smartphone maker BlackBerry announced Tuesday the purchase of German voice and data encryption and anti-eavesdropping firm Secusmart, whose customers include NATO and German Chancellor Angela Merkel and her government.
Tuesday, July 29, 2014
Britain's Lloyds Banking Group is to pay 218 million pounds (US$370 million, 276 million euros) in fines to British and U.S. regulators for attempting to rig inter-bank lending rates, the bank said Monday.
Fracking will be allowed in British national parks in “exceptional circumstances,” according to government guidelines announced on Monday as new bidding for exploration licenses opens.
Sunday, July 27, 2014
Cyprus' international creditors said Friday that the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has moved forward and more steps have been taken to shore up the banking sector.