Eurozone needs 'faster' integration: French President Francois Hollande

BRUSSELS: French President Francois Hollande on Friday called for eurozone countries to go "further and faster" in an integration process that should also include a "social dimension".

Small island, big problem: how Cyprus troubles the euro zone

BRUSSELS: Just when European leaders thought they were getting to grips with three years of economic turmoil, along came Cyprus, a seemingly small problem but one that cannot be ignored.

Syrian economy to shrink 20 percent in 2012: IIF

BEIRUT (Reuters) - War-ravaged Syria's economy will shrink by a fifth in 2012 and all its foreign reserves could be spent by the end of next year, a global finance industry association said on Monday.

Spanish PM defends cuts day after massive protests

MADRID (AP) — Prime Minister Mariano Rajoy on Sunday defended his government's harsh austerity measures aimed at correcting Spain's grim economic forecast, one day after tens of thousands of Spaniards took to the streets to protest his handling of the country's worst crisis in decades.

German investor confidence most in 21 months

German investor confidence has risen to the highest level since June 2010.

Banking sector stress to affect construction equipment, commercial vehicle sectors: Fitch

MUMBAI: The stress in banking sector will spread to structured finances this year, and asset-backed securities of commercial vehicles and construction equipment will be among the worst hit, Fitch has said.