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Number of EU banks down in 2013: ECB

Number of EU banks down in 2013: ECB

Last Updated: Friday, July 11, 2014, 21:57

The number of domestic banks and credit institutions in Europe and the eurozone declined in 2013, confirming a downtrend seen for a number of years, new data showed on Friday.

European markets settle after Portugal-led rout

European markets settle after Portugal-led rout

Last Updated: Friday, July 11, 2014, 15:24

European shares were still on track to post a sharp weekly loss as investors reassess stretched valuations for global equities amid a slower-than-expected pace of economic recovery in the euro zone.

EU widens tax probe into multinationals

Last Updated: Friday, July 04, 2014, 21:52

Luxembourg is used by many multinationals including online retailer Amazon, building equipment maker Caterpillar and UK mobile telecoms group Vodafone. 

Juncker seeks more women for new EU commission: source

Last Updated: Friday, July 04, 2014, 19:08

The current EU commission presided by Jose Manuel Barroso is staffed by nine women commissioners out of a total 28.

ECB holds key rate steady at 0.15%

Last Updated: Thursday, July 03, 2014, 18:18

The ECB is instead targeting loans to encourage banks to lend to households and non-financial corporations.

ECB to keep rates on hold, gauge impact of latest cut

Last Updated: Thursday, July 03, 2014, 10:04

The European Central Bank is unlikely to make new policy moves at its monthly meeting on Thursday, focusing instead on assessing the impact of last month`s unprecedented package of measures.

Spain's jobless numbers slide in June: official data

Last Updated: Wednesday, July 02, 2014, 14:37

Spain`s overall unemployment rate rose to 25.93 percent in the first quarter of 2014 from 25.73 percent in the previous three months.

Eurozone unemployment dips in May, official rate at 11.6%

Last Updated: Tuesday, July 01, 2014, 15:30

The highest levels of unemployment were still in Greece, at 26.8 percent and Spain at 25.1 percent.

German jobless rate stagnates in June: data

Last Updated: Tuesday, July 01, 2014, 14:26

The unemployment rate stood at 6.7 percent in seasonally adjusted terms in June.

British PM ready to 'do business' with Juncker

Last Updated: Monday, June 30, 2014, 20:55

The British premier has said the result could increase the prospects of Britain leaving the 28-member European Union after the referendum on the issue.

European stock markets kick off week on downbeat note

Last Updated: Monday, June 30, 2014, 18:17

Deflation is such a threat that the European Central Bank has moved into negative interest rates to get cash flowing.

Eurozone loans to private sector still contracting: ECB

Last Updated: Monday, June 30, 2014, 15:48

The ECB regards M3 money supply as a barometer for future inflation.