High yield investors turn to Europe as US returns go south

LONDON: High yield investors once viewed Europe as a distraction from the developed US market, but are now scrambling to increase their exposure to the region in light of recent outperformance coupled with a less generous approach to equity investors.

UK trade deficit shrinks more than expected in June

LONDON: The deficit in Britain's trade in goods narrowed more than expected in June to its lowest level in nearly a year as exports picked up, giving a boost to hopes for a broader economic recovery.

Steinbrueck Says Merkel Misleading Voters on Euro Debt Crisis

German chancellor candidate Peer Steinbrueck criticized Angela Merkel for misleading voters over the true cost of the European debt crisis, saying he’ll be upfront about the policy decisions needed after fall elections.

Euro-Zone Business Activity Grows for First Time Since Jan 2012

Activity among businesses in the euro zone grew modestly in July for the first time in a year and a half, adding to evidence the crisis-hit economy is stabilizing after a long recession.

Eurozone officially enters recession

The eurozone is now officially in recession, mainly due to a slump in Germany, Europe's biggest economy, and Italy, while France has narrowly escaped the same fate.