Europe needs fresh push at overhauling banking sector – IMF

By Marc Jones LONDON, Nov 14 : The International Monetary Fund urged Europe to make a fresh push at strengthening its banking sector on Tuesday, calling for weak institutions to be closed, bigger financial safety buffers and a revival of cross-border M&A. In the text of a speech to a banking conference in London, the […]

Nearly half Europeans who don’t own home reckon they never will

By Jeremy Gaunt LONDON, Nov 7 : Nearly half of Europeans who do not own their own home have given up hope of ever doing so, a survey showed on Tuesday, with pessimism highest among Britons and Germans. Overall, the survey by Dutch bank ING found 48 percent of people in 13 European countries who […]

Five migrants die when boat sinks, Libyan coast guard and German NGO blame each other

By Ulf Laessing TRIPOLI, Nov 6 : At least five African migrants died and more were missing off western Libya on Monday after a boat carrying about 140 people capsized and then some migrants refused rescue by the Libyan coast guard and tried instead to swim to a German rescue vessel. The migrants’ rubber boat […]

European shares flat as banks weigh, Spain lags again

By Julien Ponthus and Helen Reid LONDON, Oct 23 : – European shares were flat on Monday with banks weighing and Madrid’s bourse lagging its peers as Catalonia’s political crisis deepened. The pan-European STOXX 600 was up 0.1 percent while Spain’s benchmark IBEX fell 0.5 percent, with banks – including BBVA down 1.4 pct and […]

Spanish banks sink on Catalan vote, European shares gain

By Helen Reid LONDON, Oct 2 : Spanish stocks sank on Monday after a violent referendum in Catalonia, underperforming the wider European market as political uncertainty dented bank shares. The pan-European STOXX 600 began the fourth quarter with a 0.2 percent gain, boosted by strong travel stocks and a mining sector supported by higher metals […]

Rescued migrants say lucky to dodge Libyan coastal clampdown

By Antonio Denti ABOARD AQUARIUS RESCUE SHIP, Sept 19 : Migrants rescued in the Mediterranean last week said they had been lucky to dodge increased sea and police patrols along the Western coast of Libya that have dramatically reduced arrivals in Italy since July. Last month, Reuters reported that an armed group was stopping departures […]