Eurozone
  • Asian factory sector struggles to shake off euro malaise

    Asian factory sector struggles to shake off euro malaise

    By Lucy Hornby and Leika Kihara, Reuters

    BEIJING/TOKYO (Reuters) - Asia's manufacturers are continuing to struggle in the face of tepid demand from the United States and Europe, according to business surveys and data releases on Monday that...

  • Spain debt rises on aid to banks, regions, finance cost

    Spain debt rises on aid to banks, regions, finance cost

    By Andrés González, Reuters

    MADRID (Reuters) - Spain's debt levels are set to rise next year, piling pressure on the government to apply for aid as it pours funds in to cash-strapped regions, an ailing banking system and rising...

  • Spanish bank audit buys more time for PM Rajoy

    Spanish bank audit buys more time for PM Rajoy

    By Jesús Aguado, Reuters

    MADRID (Reuters) - An independent audit of Spanish banks confirmed a manageable 59.3 billion euros in extra capital is needed for them to ride out a serious economic downturn, buying time for Prime...

  • Russian Orthodox leader defends ties with Kremlin

    Russian Orthodox leader defends ties with Kremlin

    By Gabriela Baczynska, Reuters

    MOSCOW (Reuters) - The head of the Russian Orthodox Church on Friday rejected criticism of his increasingly strong relationship with President Vladimir Putin, saying that close ties between the...

  • Spain's crisis budget aims at spending cuts not tax rises

    By Andrés González and Paul Day, Reuters

    MADRID (Reuters) - Spain announced a crisis budget for 2013 based mostly on spending cuts on Thursday in what many see as an effort to pre-empt the likely conditions of an international bailout...