Euro Zone

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EU duty-free jet fuel sets new battle for world refiners

LONDON - U.S. refiners are expected to ship large volumes of jet fuel across the Atlantic starting in 2014 after the European Union scrapped an import duty on the product, opening a new battleground for the world's largest refineries, traders said.

ECB briefs heads of top euro zone banks ahead of stress tests

FRANKFURT - Bosses from top euro zone banks were gathering at the European Central Bank on Wednesday to find out what it will be looking for in its upcoming "stress tests" on their balance sheets.

7:36am EST

Analysis: Deflation threat in Europe may prompt investment rethink

LONDON - The threat of deflation in the euro zone could reverse a major investment trend of 2013, drawing funds out of stocks and into government bonds and cash.

12:48am EST

EU banks outside euro zone likely to overcome stress test divide

LONDON - EU nations that lie outside the euro zone plan largely to fall in behind the European Central Bank when they check the health of their banks, helping them to avoid a "two tier" outcome in stress tests next year.

12 Nov 2013

Factbox: Non-euro zone bank stress tests preparations by country

LONDON - Many of the 11 EU nations that lie outside the euro zone plan to align tests of the health of their banks closely with a European Central Bank assessment of major lenders within the currency bloc.

12 Nov 2013

EU seeks to increase influence on global accounting rules

LONDON - The European Union is seeking to increase its influence over global accounting standards by beefing up the agency that scrutinizes new rules and in certain cases tweaking how they are applied in the bloc.

12 Nov 2013

Britain's Cameron could persuade skeptical voters to stay in EU: poll

LONDON - A majority of British voters would choose to stay in the European Union if Prime Minister David Cameron succeeds in renegotiating London's ties with the 28-nation bloc, a poll found on Tuesday.

12 Nov 2013

Italy and Malta say EU must press Libya to stop boat migration

VALLETTA - Italy on Monday called on the European Union to press Libya to stem the gangs smuggling migrants from Africa on overcrowded boats and prevent shipwrecks like the one that killed hundreds last month.

World, Italy, Libya, Africa 11 Nov 2013

Slovenian government to face confidence vote on Thursday

LJUBLJANA - Slovenia's parliament will hold a vote of confidence on Thursday in the government of the small euro zone country which is trying to avoid an international bailout.

11 Nov 2013

Global Economy: Surprise tactics sweep central banking

LONDON - After slashing interest rates to almost nothing and printing trillions of dollars, central banks are becoming increasingly reliant on another policy weapon: sucker punching markets.

10 Nov 2013
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Poland's roads to ruin

MSZANA, Poland - When Poland started handing out billions of euros worth of contracts for a wave of road-building five years ago, everyone was meant to benefit. But a project that should have been a bonanza for Europe has turned into "a slaughter house for Polish and European firms".  Full Article 

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