Stocks in weaker euro zone countries like Spain and Italy look set to outperform their stronger peers this year, analysts say.» Read More
LONDON, Sept 18- Debt market prices suggest investors expect Portugal will need another international bailout but that it should avoid a near-term restructuring of its debts that would impose losses on private investors.
The violence in Zamboanga City in the country's long-troubled south will have little immediate economic or investment impact as long as it doesn't spread in coming weeks, government officials and economists say. "Mindanao has so much to offer, but of course the stupid fighting in Zamboanga is just throwing everything back.
*Britain to raise 3.3 bln stg from sale. LONDON, Sept 16- For Chief Executive Antonio Horta-Osorio, Britain's move to sell a 3.3 billion pound stake in Lloyds Banking Group is a vindication after his leadership was nearly derailed by health issues just months into his tenure.
LISBON, Sept 12- Portugal's government proposed a bill on Thursday to cut public sector pensions and reduce a gaping hole in the system that is hampering efforts to shift the bailed-out country's finances onto a sustainable footing.
STRASBOURG/ BRUSSELS Sept 12- Europe took a significant step forward in its ambitions to create a single banking framework for the euro zone on Thursday after EU lawmakers granted new powers to the European Central Bank to oversee the currency bloc's banks.
STRASBOURG, France, Sept 12- European lawmakers granted new powers to the European Central Bank on Thursday to supervise up to 6,000 euro zone banks, the first step in building the bloc's flagship banking union.
*European Commission chief urges faster action on banking union. STRASBOURG, France, Sept 11- European Commission President Jose Manuel Barroso declared on Wednesday that economic recovery was within sight after nearly four years of Europe's debt crisis and urged governments to move faster to complete a stalled banking union.
*Barroso says investors still lack confidence in the euro zone. STRASBOURG, France, Sept 11- European Commission President Jose Manuel Barroso called on the EU on Wednesday to cement its fragile economic recovery even as an emergence from crisis reduces pressure to act, saying political upheaval was still the biggest risk.
LONDON, Sept 10- A plan to tax financial transactions in 11 European Union member states from 2014 is illegal, the bloc's lawyers have concluded, dealing what could be a final blow to the measure as proposed. The report is encouraging for Britain, which is the EU's biggest financial centre and is opposed to the tax.
MIAMI, Sept 9- Tropical Storm Humberto strengthened as it swept past the Cape Verde islands on Monday and was expected to grow into the first hurricane of the Atlantic storm season, forecasters at the U.S. National Hurricane Center in Miami said.
MIAMI, Sept 9- Tropical Storm Humberto formed near the Cape Verde Islands on Monday and was expected to strengthen into the first hurricane of the Atlantic storm season, forecasters at the U.S. National Hurricane Center in Miami said.
*Spotlight at summit no longer on Europe's debt crisis. At previous meetings in Los Cabos, Cannes, Seoul and Toronto since 2010, top of the agenda has usually been Europe's debt crisis and its impact on financial markets and the global economy.
*Spotlight at summit no longer on Europe's debt crisis. At previous meetings in Los Cabos, Cannes, Seoul and Toronto since 2010, top of the agenda has usually been Europe's debt crisis and its impact on financial markets, trade and the global economy.
*Decision to be taken after review of Greece by inspectors. BRUSSELS, Sept 5- The euro zone is likely to decide on a third bailout for Greece in November, after international inspectors finish an assessment of Greece's struggles to carry out painful reforms, officials said on Thursday.
BRUSSELS, Sept 4- A bounce in exports and spending pulled the euro zone out of recession in the second quarter of 2013, data shows, in the first signs of recovery after the bloc's longest slump.
*YouGov survey shows Germans back many AfD policies. BERLIN, Sept 4- Support for a new anti-euro party has risen to a record high of 4 percent weeks before Germany holds an election, raising the possibility it could win seats in parliament and hurt Angela Merkel's chances of forming another centre-right coalition.
LISBON, Sept 1- Portugal's constitutional court is complicating Lisbon's already fraught attempts to meet its EU/IMF bailout goals but Prime Minister Pedro Passos Coelho said on Sunday he had no intention of limiting its power by changing the constitution.
LISBON, Aug 30- The third rejection of government austerity plans by Portugal's constitutional court in 13 months has raised doubts about whether any serious structural spending cuts sought by EU/IMF lenders can be done without constitutional changes.
LONDON, Aug 30- European shares fell on Friday, setting them on course for a monthly loss and the steepest weekly drop in two months, with oil stocks weighing as expectations were lowered of imminent Western strikes against Syria which would hurt supply.
*Greece most obvious candidate, followed by Portugal. Greece was the near-unanimous top pick of the economists who thought another bailout was likely- little surprise given Athens and Berlin have talked openly of the prospect of a third, smaller bailout package to cover finances next year.