Euro Zone

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Global shares fall on corporate outlooks, euro gains

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NEW YORK - Global stocks fell on Monday on weak corporate results and outlooks, while the euro gained after a regional vote in Spain was seen as moving a solution to the euro zone debt crisis one step closer.

Clashes as Kosovo opposition protests over Serbia talks

PRISTINA - Police in Kosovo fired teargas and made dozens of arrests on Monday in clashes with opposition activists demonstrating against a new push by the European Union to improve ties between Serbia and its former southern province.

1:08pm EDT

Euro zone cut fiscal deficit in 2011, debt up

BRUSSELS - The euro zone's fiscal deficit fell sharply last year as governments slashed expenses and raised taxes to regain market confidence in their public finances, but public debt still climbed, data from the European Union's statistics office showed on Monday. | Video

12:22pm EDT

ECB's Constancio: no objections to minority protection at EBA

LONDON - Safeguards for countries outside the euro zone's banking union would not be problem for the European Central Bank, ECB Vice-President Vitor Constancio said on Monday, addressing British concerns with regards to the creation of a single banking supervisor in the euro zone.

10:40am EDT

ECB's Constancio: conflict of mon policy, supervision overplayed

LONDON - The potential for conflict between monetary policy and supervision the euro zone's banks is exaggerated, European Central Bank Vice-President Vitor Constancio said on Monday.

10:22am EDT

ECB needs regulation authority over all euro zone banks: Constancio

LONDON - The European Central Bank should have the authority to regulate all 6,000 banks in the euro zone, European Central Bank Vice-President Vitor Constancio said on Monday.

9:54am EDT

Clashes as Kosovo opposition protests over Serbia talks

PRISTINA - Police fired teargas in Kosovo on Monday to disperse opposition activists demonstrating against a new push by the European Union to improve ties between Serbia and its former southern province.

8:52am EDT

EU to propose bank resolution agency in 2013: Barnier

VIENNA - The European Commission will make a proposal next year for a joint agency for shoring up or closing troubled banks, Michel Barnier, the commissioner in charge of financial regulation, said on Monday.

4:52am EDT

EU faces two tough months of bargaining to boost euro confidence

PARIS - European Union leaders face two months of tough bargaining on money, power and the future governance of the euro zone before they can boost confidence that the existential threat to the single currency has faded.

21 Oct 2012

Germany likely posted surprise growth in Q3: finmin report

BERLIN - The German economy likely grew in the third quarter despite a weak global backdrop thanks to a strong performance by German industry and robust exports to areas outside the euro zone, the Finance Ministry wrote in its monthly report.

21 Oct 2012

BRUSSELS AND THE DEBT CRISIS

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