Euro Extends Losses On ECB Rate-Cut Speculation

The euro extended its losses against major currencies in Asia on Friday amid growing speculation that the European Central Bank may cut interest rates to stimulate the euro-zone's fragile economy.

'Europe faces deflation threat'

Europe faces a threat of deflation, which it seems unlikely to be willing to fight. Core inflation in the euro zone fell sharply in October to just 0.8 per cent a year, the lowest since early 2010 and a level which sets the red deflation light flashing.

Euro-Area Inflation Cools to Four-Year Low as Unemployment Rises

Euro-area inflation cooled to the slowest in almost four years in October, moving further away from the European Central Bank’s goal.

Euro-Zone Business, Consumer Confidence Rises to Two-Year High

Businesses and consumers in the euro zone were the most optimistic in over two years in October as better economic conditions lifted the mood for the sixth month running.

European banks pay heavy price for scandals

(Reuters) - Four European banks paid a heavy price on Tuesday in a clean-up of the financial industry, with Rabobank fined $1 billion and three other major lenders preparing for possibly huge legal costs after a string of scandals.