The latest data showing weak private sector credit flows in the euro area suggest that might well be the case.» Read More
Air France-KLM's bid for Italy's state-controlled airline, Alitalia, has triggered a frenzy of holiday lobbying by powerful opponents who want Rome to reject an offer they say harms national interests.
France's biggest retail bank Credit Agricole said on Thursday it would book a 2.5 billion euros pre-tax writedown in 2007 due to the credit crisis gripping global financial markets.
The euro zone had a higher-than-expected trade surplus in October despite a continued rise in the euro as exports grew faster than imports, the European Union's statistics office said on Tuesday.
British Prime Minister Gordon Brown will host German Chancellor Angela Merkel and French President Nicolas Sarkozy for a meeting in the first half of January on financial market stability.
Euro zone services grew at a slower pace than expected in December, as the banking sector stalled, signaling a slowdown in the single currency area, a key survey showed on Monday.
Euro zone services growth cooled more than expected in December as the banking sector stalled while manufacturing activity eased marginally, but in line with forecasts, a key survey showed on Monday.
Several top central banks including the Federal Reserve and the European Central Bank announced plans to address elevated pressures in short-term funding markets.
European stocks were seen opening slightly higher on Tuesday, tracking gains in the United States and Asia ahead of a rate decision by the Federal Reserve.
Societe Generale, France's second-biggest listed bank, said on Monday it would consolidate its PACE structured investment vehicle (SIV) due to tough market conditions and would refinance it.
European stocks were seen edging lower on Monday, snapping a three-session winning run as hopes of a bold U.S. interest rate cut on Tuesday faded following slightly stronger-than-expected monthly jobs data.
European shares looked set to open higher Friday, mirroring gains in U.S. and Asian markets as a mortgage assistance plan for troubled U.S. homeowners restored investors' confidence.
European shares are expected to stage a modest rally on Thursday ahead of two key central bank decisions and after a strong performance on U.S. and Asian markets.
European shares gained 1.7 percent on Wednesday, snapping a two-day losing streak as banks and commodity stocks rose and a series of U.S. data releases soothed some concerns over the outlook for economic growth.
European stocks were set to bounce back on Wednesday after a two-session drop, as investors shrug off economic concerns and fresh worries over the credit crisis that had hit U.S. shares overnight.
European shares are set to open slightly lower on Tuesday, tracking U.S. and Asian markets, with the focus on an investor update from top cellphone maker Nokia.
Shares of French state-owned power provider Electricite de France went on sale Monday as the government seeks to raise about $7.4 billion to fund the nation's university system.
Euro zone factory output growth crept up in November from October's 26-month low, but is unlikely to regain its summer momentum soon, pointing to interest rates remaining on hold, a key survey showed on Monday.
European stocks were seen edging down on Monday, taking a breather after a strong three-session rally, as investors turn cautious ahead of interest rate decisions by both the Bank of England and the European Central Bank as well as key U.S. jobs figures expected later in the week.
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European shares were seen opening higher on Friday, boosted by the prospect of a U.S. interest rate cut after the Federal Reserve said overnight that it would have to be "exceptionally alert" after a resurgence in financial strains had dimmed the outlook for the economy.