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.

Europe's 'downgrade diary' flags up new market pressures

LONDON: New European rules requiring credit agencies to announce their rating decisions to a pre-set timetable are likely expose the region's shaky sovereign borrowers to more bursts of market pressure. But they may also have an impact further afield.

A stable euro is good news for all

DALLAS (MarketWatch) — A year ago, European Central Bank chief Mario Draghi promised to “do whatever it takes” to save the euro.

IMF warns of tough Spain jobs outlook

MADRID: The IMF told Spain on Friday it faces five more years with an unemployment rate topping 25 percent as it pressed Madrid to enact new reforms including measures to help firms slash wages instead of axing staff.