Italy News
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ECB's Wellink Says Basel Bank Capital Rules are `Substantial,' NRC Reports
Dutch Central Bank President Nout Wellink, also chairman of the Basel Committee on Banking Supervision, says the new capital and liquidity rules for banks remained “substantial” even after they were softened, NRC Handelsblad reported, citing an interview with Wellink.
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Euro Rises for First Time in Eight Months as Sovereign-Debt Concern Eases
The euro rallied against the dollar for the first time in eight months as concern eased that the 16- nation region’s sovereign-debt crisis will worsen and spread to the global economy.
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European Stocks Post Drop as U.S. Economic Growth Is Slower Than Forecast
European stocks declined this week as slower-than-forecast U.S. economic growth overshadowed a rally in banks after European Union stress tests eased concern that lenders may need to raise more capital.
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European Stocks Decline Before U.S. GDP Data; Lafarge Slides
European stocks fell for a third day after a government report showed the U.S. grew less than forecast in the second quarter, adding to concern that the recovery of the world’s largest economy is slowing.
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