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Euro Zone

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Europe's fragile economy put to test as Ukraine, Iraq sour mood

FRANKFURT - Investors will gauge the strength of the euro zone's fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally.

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Europe's fragile economy put to test as Ukraine, Iraq sour mood

FRANKFURT - Investors will gauge the strength of the euro zone's fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally.

5:04am EDT

Euro zone recovery uneven, rates to stay low: ECB's Draghi

FRANKFURT - European Central Bank President Mario Draghi said on Thursday that an uneven economic recovery in the euro zone and the bloc's inflation outlook meant interest rates would stay low for an extended period. | Video

07 Aug 2014

ECB says Ukraine crisis threatens EU recovery, keeps rates low

FRANKFURT - The Ukraine crisis has heightened risks to the euro zone's weak and uneven economic recovery, and a tit-for-tat sanctions war could compound the problem, the European Central Bank said on Thursday as it held borrowing rates at record low levels.

07 Aug 2014

Draghi says Ukraine crisis a risk to the euro zone

FRANKFURT - The crisis in Ukraine represents a risk to the euro zone economy, although the likely impact of European sanctions on Russia and retaliatory measures is uncertain, European Central Bank President Mario Draghi said on Thursday.

07 Aug 2014

Russian banks in euro zone could face curbs on ECB borrowing as sanctions bite

FRANKFURT - Major Russian banks active in the euro zone could face caps or even exclusion from borrowing from the European Central Bank as it examines how European sanctions against Moscow affect its operations.

World, Health, Russia 06 Aug 2014

Portugal in $6.6 billion rescue of Banco Espirito Santo

LISBON - Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.

Portugal, 03 Aug 2014

Portugal in $6.6 billion rescue of Banco Espirito Santo

LISBON - Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.

Portugal, 03 Aug 2014

Falling prices on radar as euro inflation drops again

BRUSSELS - Annual inflation in the euro zone fell in July to its lowest since the height of the financial crisis in 2009, keeping the risk of deflation on policymakers' radar but unlikely to spur the European Central Bank into further policy action.

31 Jul 2014

Euro zone sentiment improves, overcoming Ukraine crisis concern

BRUSSELS - Euro zone economic sentiment unexpectedly improved in July despite the deepening crisis between the West and Russia over Ukraine, data showed on Wednesday, and inflation expectations among consumers and companies edged up.

30 Jul 2014

Germany

Adidas marketing push an uphill battle against 'cool' Nike

BERLIN - Sportswear firm Adidas probably thought it had hit the marketing jackpot when Adidas-sponsored Germany beat Adidas-sponsored Argentina to win the Adidas-sponsored World Cup.    But arch rival Nike may have stolen much of its soccer branding thunder with quirky videos, innovative boots and amusing Tweets, not to mention the odd sponsorship coup of its own such as signing up hosts Brazil.    Adidas said it had secured “victory on and off the pitch”

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France

Hachette Book Group drops plan to buy Perseus

- U.S. publisher Hachette Book Group, owned by France's Lagardere SCA , has dropped its plan to buy unlisted Perseus Books Group, the companies confirmed on Friday.

  • France passes sweeping gender equality law
  • Telefonica bids 6.7 billion euros for Vivendi's Brazil broadband unit |
  • More than 50 migrants hurt in clashes at French port

Italy

India's Jindal family close to buying Italy's Lucchini: Italy PM

SAN ROSSORE Italy - A company run by India's billionaire Jindal family is close to finalizing a deal to buy insolvent Italian steelmaker Lucchini, Italy's prime minister Matteo Renzi said on Sunday.

  • Italian holdouts in Argentina debt dispute make play for cash
  • Alitalia secures rescue with long-awaited Etihad deal
  • Italian holdouts in Argentina debt dispute make play for cash

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