U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to hike rates slowly, Vice Chairman Stanley Fischer said.» Read More
Economists have sharply cut expectations for euro zone economic growth this year, now seeing a 0.4 percent contraction compared with a 0.1 percent decline predicted just three months ago.
Euro zone finance ministers will probably agree on Friday to give Ireland and Portugal seven more years to repay loans from the European Union, a senior official said on Thursday.
The Central Bank of Cyprus denied that it will sell 400 million euros ($525 million) worth of its gold reserves as part of the conditions to Europe's bailout of the island state.
Spanish police will erect barriers around politicians' residences to shield them from protests over the growing number of home evictions and to call for changes to mortgage laws.
European shares extended gains to close sharply higher on Wednesday, with investor sentiment boosted by U.S. stocks reaching record highs and a successful Italian bond auction.
Italy's caretaker government on Wednesday sharply hiked its targets for public debt this year and next despite waves of austerity measures, and said there was now room for less restrictive fiscal policy.
German Chancellor Angela Merkel's conservatives and their junior coalition partners have enough support to win a governing majority in September's election for the first time in more than three years, according to a poll out on Wednesday.
Banks in bailed-out Portugal need an extra 8 billion euros ($10 billion) in capital, based on conservative tests of their financial health, Moody's Investors Service said on Wednesday.
Luxembourg plans to lift bank secrecy rules for European Union citizens who have savings based in the country, the prime minister announced on Wednesday.
Germans are one of the poorest groups in Europe, according to the surprising findings of a joint survey by various divisions within the European Central Bank.
The effort by U.S. Treasury secretary Lew to persuade Europe to consider shifting its focus from budget balance to growth highlighted a deep trans-Atlantic policy gulf, the NYT reports.
Billionaire investor George Soros is the latest person to criticize Germany's role in the euro zone crisis, telling the country that it should consider leaving the euro zone.
After Portugal's rejection of the cost-cutting measures on which its bailout package depends, Invesco Perpetual's chief economist has added his voice to the anti-austerity camp, warning it could lead to "almost endless depression".
European shares closed mixed on Tuesday, with upward momentum coming from the basic resources sector as benign Chinese inflation data raised hopes of further monetary easing by Beijing.
Greek consumer prices entered deflationary territory for the first time in 45 years, data showed on Tuesday.
Slovenia is heading toward a severe banking crisis and a deep recession despite recent reforms, according to the OECD.
German imports fell sharply in February for the third time in the last four months and exports also declined.
Japanese investment in Europe's bond markets are expected to jump following the Bank of Japan's drastic action to ease monetary policy, the FT reports.
The European Financial Stability Facility is set to launch a new five-year benchmark bond on Tuesday that remains part-guaranteed by bailed-out Cyprus.
European shares closed off their highs on Monday but remained in positive territory, shrugging off poor investor sentiment data for the euro zone.