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Portugal's top bankers have called on Europe's leaders to stop "playing with fire" and moderate their stance towards the euro zone periphery, or risk instilling alarm among bank depositors in future, the FT reports.
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That image problem needs addressing in part because Germany needs to attract foreign workers to make good shortages at home, while the bilateral nature of the initiatives is a measure of its leaders' frustration at the slow pace of the European Commission in taking action to deal with soaring joblessness among the young.
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BRUSSELS, May 23- The European Commission has torn up new rules on how restaurants should serve olive oil less than a week after unveiling them, following widespread ridicule and accusations of unwanted interference.
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*Move follows accusations of interference by Brussels. BRUSSELS, May 23- The European Commission has decided to tear up new rules on how restaurants should serve olive oil less than a week after unveiling them, following widespread ridicule and accusations of unwanted interference.
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LISBON, May 23- President Anibal Cavaco Silva thanked Portugal's patron saint for a long-delayed approval of Lisbon's bailout review last week, but the head of state could claim a share of the credit for himself.
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*Favourable market conditions may be temporary- Moody's.
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SINGAPORE, May 21- London copper edged lower on Tuesday as traders focused on slowing demand growth in top consumer China against a background of a flagging global economy and ahead of key factory figures this week. *The most-traded September copper contract on the Shanghai Futures Exchange climbed 0.87 percent to 53,100 yuan a tonne.
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Portugal's top bankers have called on Europe's leaders to stop "playing with fire" and moderate their stance towards the euro zone periphery, or risk instilling alarm among bank depositors in future, the FT reports.
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BRUSSELS, May 18- Critics ridiculed European Union bureaucrats on Saturday for taking time off fighting the euro zone's debt crisis to impose strict new rules on how restaurants serve olive oil. "If the European Union was logical and properly run, people wouldn't be so anti- Europe.
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Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.
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Italy sold 6 billion euros worth of 30- year bonds on Wednesday, its first ultra-long debt sale since 2009. On Tuesday, Spain sold a greater-than-expected 7 billion euros of 10- year bonds. Portugal and Slovenia also issued bonds via syndication deals earlier this month.
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LONDON, May 16- A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for more cash.
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LONDON, May 16- Italian and Spanish bond yields dipped on Thursday and were seen dropping further as supply pressure eased after the two countries sold large amounts of debt in syndicated deals earlier this week.
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*Banca Monte dei Paschi di Siena jumps after results. Banking stocks were among the biggest gainers, with Italy's Banca Monte dei Paschi di Siena jumping 8 percent after posting a smaller-than-expected quarterly loss and confirming its intention to pay a coupon on state loans in cash, sparking hopes of a turnaround for the lender.
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*Germany returns to anaemic growth; France shrinks. BRUSSELS/ BERLIN, May 15- Germany's economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter, and France slid into recession.
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*Gold drops to lowest since April 23. *Gold's target of $1,395 resumed- technicals. Gold was down $15.8 at $1,409.59 an ounce by 0814 GMT, after swinging between a high of $1,430.24 and the three-week low of $1,408.24.
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Ebrahim Rahbari, director of global economics at Citi Research, who coined the "Grexit" term, asks if the risks of Greece exiting the euro have really receded.
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*Gold buying in India muted after new restrictions. *Gold's target of $1,395 resumed- technicals. SINGAPORE, May 15- Gold inched up on Wednesday after dropping for four straight sessions, as outflows from exchange-traded funds halted, but firm equities could lure away investors seeking better returns and keep a lid on bullion's gains.
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May 15- Gold inched up on Wednesday to snap four sessions of decline as the U.S. dollar eased and selling by exchange-traded funds halted, but strong share prices looked set to cap gains. *Gold had climbed 0.11 percent to $1,426.96 an ounce by 0014 GMT.
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RIO DE JANEIRO, May 14- Brazil's first auction for oil and gas rights in five years attracted a record amount of money on Tuesday, alleviating fears that government intervention and growth in new global supplies might dampen enthusiasm for the country's oil sector.
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RIO DE JANEIRO, May 14- Global energy companies were strong bidders on Tuesday at Brazil's first auction for oil and natural gas rights in five years, alleviating fears that government intervention and growth in new global supplies might crimp enthusiasm for the South American country's oil sector.