Euro zone inflation edges up to dim chance of new ECB action

(Reuters) - Inflation in the 18 countries sharing the euro edged up slightly in October, reinforcing the view that the European Central Bank will hold fire on any additional policy action at its meeting next week.

Spain’s economic recovery gathers momentum

Spain’s economic recovery gathered momentum between July and September, with growth for a fifth consecutive quarter. The economy grew by 0.5% in the third quarter, according to the country’s statistics office.

France vows 20 million euros for fight against Ebola

PARIS: France on Tuesday said it was pledging 20 million euros ($25.4 million) in the fight against Ebola in west Africa, including the opening of several care centres in Guinea.

Italy cuts 2015 deficit goal to win EU approval for budget

(Reuters) - Italy on Tuesday cut its target for the 2015 fiscal deficit to 2.6 percent of gross domestic product from 2.9 percent, having toughened its budget plan for next year in response to changes requested by the European Commission.

ECB covered bond buying plan starts with a whimper

(Reuters) - The European Central Bank spent 1.704 billion euros last week on covered bonds under a new purchase program with which it hopes to foster lending to businesses and thereby support the euro zone economy.