LONDON - Britain may lose its challenge to stop plans by 11 euro zone countries to tax financial transactions when the European Union's top court rules next week, lawyers said on Thursday.
LONDON/FRANKFURT - The amount of spare cash in the euro zone banking system fell to its lowest levels in 2-1/2 years on Thursday, pushing up short-term money market rates and adding impetus for the ECB to loosen policy further.
FRANKFURT - The European Central Bank opened the door at its April policy meeting to possible money-printing to boost the euro zone economy and keep inflation from staying too low.
FRANKFURT - Spare cash in the euro zone banking system has fallen below the threshold of 100 billion euros for the first time since the European Central Bank flooded the system with ultra-cheap crisis loans in late 2011.
AMSTERDAM - The European Central Bank could embark on a broad-based asset buying plan if the euro zone inflation outlook worsens, ECB President Mario Draghi said, adding that a rise in the euro could also trigger policy action.
NEW YORK/LONDON - The U.S. manufacturing sector expanded in April and the euro zone private sector started the second quarter on its strongest footing since 2011, while the pace of decline in Chinese factory activity slowed, surveys showed on Wednesday.
LONDON/BEIJING - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday.
BRUSSELS - Greece had a primary surplus of 0.8 percent of GDP last year, the European Commission said on Wednesday, a result that paves the way for some form of debt relief from euro zone governments that are now the main creditors of Athens.
LONDON - The euro zone's private sector has started the second quarter on its strongest footing in nearly three years, but burgeoning new orders were again mainly buoyed by firms cutting prices, surveys showed on Wednesday.
PARIS - The French private sector expanded at a much slower rate in April, surveys showed on Wednesday, underlining the fragility of the recovery in the euro zone's second-biggest economy.
TBILISI - France and Germany assured Georgia on Thursday that a deal bringing it closer to the European Union would be sealed within weeks, moving to tighten ties with the ex-Soviet republic as tension mounts between Russia and the West over Ukraine.
- British defence contractor Chemring Group Plc said it would sell its European munitions business to France's state-owned Nexter Systems SA for up to 167.8 million euros (138 million pounds) to focus on its core defence technology business.
ROME/MILAN - An Italian union said on Wednesday that it is willing to enter negotiations to help to meet conditions set by Etihad Airways for investing in Alitalia after talks between the airlines stalled over debt and job cuts.