'Bad bank' path worn by Ireland and Spain looks steep for Greece

LONDON (Reuters) - Greece is under growing pressure to take care of banks' problem loans so they are free to lend again, but the depth and complexity of its crisis will make it tough to replicate the comprehensive "bad bank" models set up in Ireland and Spain.

World Leaders Have No Words of Wisdom on Rout Spooking Investors

It’s wiped out more than $8 trillion in the value of global equities, leaving virtually no market unaffected, yet reaction from world leaders so far has ranged from muted to dismissive.

FOREX-Euro, yen rally as risk aversion intensifies, Aussie sinks

SYDNEY, Aug 24 (Reuters) - The euro hit a 6 1/2-month high and the yen hit a 1 1/2-month high against the dollar on Monday as investors dumped risk assets and flocked to currencies often seen as safe havens.

German private sector growth picks up in August - PMI

BERLIN,(Reuters) - Stronger-than-expected growth among manufacturers helped Germany's private sector expand at a faster rate in August, a survey showed on Friday, suggesting Europe's largest economy is on track for a solid third quarter.

UK retail sales volumes rise by 0.1%

UK retail sales volumes rose by 0.1% in July, after falling the previous month, the Office for National Statistics (ONS) has said.