Euro Hits December Highs as ECB Downplays Policy Pivot

The European Central Bank left its monetary policy firmly on hold today, offering a change in neither the key benchmark interest rate nor the deposit facility rate.

Spain borrowing costs fall after Moody's raises outlook

The Spanish Treasury sold 3.524 billion euros ($4.8 billion) in bonds of three and five years, with demand outstripping demand by a ratio of 2.7 to one, the central bank said.

Euro zone likely to backstop banks with promises rather than cash

BRUSSELS (Reuters) - Euro zone governments have set aside almost no money to make good on their promise to recapitalise ailing banks after a health check next year.

House building drives surge in UK construction activity

Britain's construction sector has enjoyed its strongest pick-up in business since before the financial crisis plunged the industry deep into recession, according to the latest in a string of upbeat economic reports.

Ukraine looks to China for money as debt crunch looms

(Reuters) - Ukrainian President Viktor Yanukovich will head to China on Tuesday looking for loans and investment, despite the massive protests unleashed by his decision not to sign a trade pact with the European Union.