Euro Zone

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ECB to start ABS purchases in November with help from asset managers


FRANKFURT - The European Central Bank hired four major asset managers to carry out from November its purchases of securitised private debt, one of the stimulus measures the bank hopes will stave off deflation in the euro zone.


Euro zone sentiment unexpectedly improves in October 30 Oct 2014

BRUSSELS - Euro zone economic sentiment unexpectedly rose in October, picking up from a near one-year low in September, in an indication that the bloc's struggling economy may be slowly improving.


Banks see upswing in loan demand across euro zone 29 Oct 2014

FRANKFURT - Around one in five banks across the euro zone expect companies to approach them for more credit as the year draws to a close, with those in Germany and France most optimistic, the European Central Bank said on Wednesday.

Italy sends S&P, Fitch officials to trial over 2011, 2012 cuts 28 Oct 2014

MILAN/TRANI Italy - An Italian court indicted officials from ratings agencies Standard & Poor's and Fitch on Tuesday over accusations of market manipulation related to cuts to Italy's sovereign debt ratings during the euro zone debt crisis in 2011 and 2012.


EU provisionally clears French, Italian budgets after tweaks 28 Oct 2014

BRUSSELS - The European Commission provisionally accepted the budgets of France and Italy, saying on Tuesday that no euro zone states had submitted deficit plans for next year that seriously breached EU rules for fiscal stability. | Video


ECB's Praet says risk of price deflation limited - paper 28 Oct 2014

BRUSSELS - The risk of price deflation in the euro zone is limited and ECB figures suggest a much lower probability than those of the International Monetary Fund, ECB chief economist Peter Praet told two Belgian newspapers.


ECB fails 25 banks in health check but problems largely solved 27 Oct 2014

FRANKFURT - Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday. | Video


Analysis - Europe's bank test celebrations mask mounting challenges 27 Oct 2014

FRANKFURT - Investors were spared immediate pain on Sunday after the European Central Bank's landmark banking health check did not force massive capital hikes amongst the euro zone's top lenders.


Lending to euro zone private sector falls again but at slower pace - ECB 27 Oct 2014

FRANKFURT - Lending to euro zone households and companies contracted for the 29th month in a row in September, although at a slightly slower pace, despite the European Central Bank stepping up its efforts to get credit flowing again and revive growth.

Bank health check brings relief to euro zone bond market 27 Oct 2014

LONDON - German Bund yields inched higher, while Spanish and Italian yields fell on Monday after the euro zone bank stress tests showed no major bank was in trouble, while those that failed had only a small capital hole to fill.


Germany's new road toll to cost foreign drivers up to 130 euros

BERLIN - The German government introduced a controversial road toll on Thursday which will force foreign car drivers to pay up to 130 euros (102.4 pounds) a year for using Germany's Autobahn motorways.

BNP back in profit, on look out for bolt-on acquisitions

PARIS - BNP Paribas , France's No. 1 bank, said third-quarter net income rose 11 percent from a year ago as gains in fixed income trading and in international retail offset a lacklustre economic environment in its core European markets. | Video


Italy union head accuses Renzi of seeking confrontation

ROME - The leader of Italy's largest union accused Prime Minister Matteo Renzi on Thursday of deliberately stoking conflict with the labour movement and ignoring the growing cost of the economic crisis for Italian workers.

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