WASHINGTON - The International Monetary Fund signed off on its latest review of Portugal's bailout on Thursday, and also extended the program until June to finish assessing the euro zone country's progress with getting its economy back on track.
BRUSSELS - At the height of the euro zone debt crisis, with Portugal's economy nearing collapse, the European Commission told the government in Lisbon that it had to slash wages if it was ever going to boost competitiveness and grow again.
FRANKFURT - As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy. No longer.
- The euro zone is set for at least two more years of low inflation, held down by a strong currency and anaemic economic and jobs growth, and still faces a very real threat of deflation, a Reuters poll showed on Wednesday.
PARIS - France's public-sector deficit will overrun EU limits yet again next year, breaching a deadline that was already extended by two years and setting the stage for a clash between Paris and its European partners, a Reuters poll found.
BRUSSELS - A drop in March euro zone inflation to its lowest level since November 2009 was confirmed on Wednesday, keeping pressure on the European Central Bank to intervene if prices do not rebound.
VIENNA - Raiffeisen Landesbank Oberoesterreich AG (RLB OOe) is confident it will pass a stress test for big euro zone banks this year after boosting its capital solvency ratios in 2013 and scaling back its balance sheet to cut risk, its chief executive said.
LONDON - The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.
FRANKFURT - The euro's exchange rate "is still at a higher level than would be desirable" for net exports to support economic growth in the euro zone, European Central Bank policymaker Josef Bonnici told Market News International.
BRUSSELS - Output at the euro zone's factories rose broadly in line with expectations in February, driven by production of intermediate and non-durable goods, suggesting the bloc's recovery is gradually strengthening, EU data showed on Monday.
ESSEN, Germany - Germany's RWE said it expected profits to stabilise beyond 2014, albeit at a lower level, as it targets customer-friendly products in an attempt to offset a decline in traditional power generation.
VILLACOUBLAY AIRBASE, France - Four French journalists held captive in Syria for more than 10 months returned home to France on Sunday, freshly shaved and beaming, where they were met at an airbase by President Francois Hollande, their families and friends.
JERUSALEM - Israeli police refused to let the U.N.'s peace envoy to the Middle East, other diplomats and a crowd of Palestinians pass through a barricade to attend a pre-Easter ritual in the Jerusalem church that Christians revere as the burial site of Jesus, the U.N. official said on Saturday.