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Poland, Hungary keep loose rate policy, Czechs may tighten

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BUDAPEST/WARSAW Hungary and Poland will keep monetary policy loose through to 2018, shrugging off rising inflation, while the Czech central bank may be the region's first to tighten later this year, rate setters told the Reuters Central & Eastern Europe Investment Summit.

Romania opposes multi-speed EU, new mechanisms for Hungary and Poland

BUCHAREST Romania believes moves toward a "multi-speed" European Union could cause divisions in the bloc, and does not favor the creation of new mechanisms to address rule-of-law issues in Hungary or Poland, its foreign minister said on Wednesday.

May 24 2017

Aston Martin makes first Q1 profit in a decade

LONDON British luxury carmaker Aston Martin on Wednesday reported its first Q1 profit in a decade, marking a turnaround in its performance which could propel the company toward a market flotation.

May 24 2017

Rivals fight for post-Brexit EU agencies ahead of October decision

LONDON Rival European cities face a five-month fight to host two European regulators that will have to leave post-Brexit London, with officials setting out procedures for determining their new locations via a stepped voting system.

May 24 2017

No Greek debt relief needed if primary surplus above 3 percent/GDP for 20 years: paper

BERLIN Greece will not need any debt relief from euro zone governments if it keeps its primary surplus above 3 percent of GDP for 20 years, a confidential paper prepared by the euro zone bailout fund, the European Stability Mechanism (ESM), showed.

May 24 2017

EU to impose sanctions on more Congo officials: diplomats

BRUSSELS The European Union is poised to impose sanctions against more Congolese officials, sources in Brussels said, amid worsening violence in the resource-rich country since President Joseph Kabila overstayed his mandate and pushed back elections.

May 24 2017

ECB sees pockets of elevated house prices: Constancio

FRANKFURT The euro zone housing market is not overheating but there are pockets of elevated prices which require attention, especially around major cities, European Central Bank Vice President Vitor Constancio said on Wednesday.

May 24 2017

Foreign selling of German debt drying up, creating headache for ECB

LONDON Foreign holdings of German government bonds have fallen to their lowest since before the financial crisis in 2008, data suggests, a potential headache for the European Central Bank which buys the bulk of assets for its stimulus scheme from among the debt.

May 24 2017

UK biotech boasts Europe's best pipeline as Brexit threat looms

LONDON Britain's biotech sector boasts the strongest new drug pipeline in Europe but industry leaders say it needs continued access to global talent, funding and regulatory clarity to thrive in the future - all of which could be jeopardized by Brexit.

May 23 2017

France makes Brexit pitch to Wall Street banks in New York

NEW YORK More than 20 banks and asset management firms are in advanced discussions with regulators in France about shifting jobs there following Britain's vote to leave the European Union, former Bank of France chief Christian Noyer said on Tuesday.

May 23 2017

More From Around the Web

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Deadly brain infection in German MS patient prompts Roche investigation

ZURICH A person in Germany treated with Roche Holding AG’s new multiple sclerosis drug Ocrevus has been diagnosed with an often-deadly brain infection after switching from another medication earlier this year, the Swiss drugmaker said on Wednesday.

Macron government denies ethical misstep by minister

PARIS A morality campaign by France's new government took a knock on Wednesday when media disclosed that one minister had rented business offices from his female partner, though the government defended him and said there was no cause for resignation.

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U.S. government sues Fiat Chrysler over excess emissions

WASHINGTON The U.S. government filed a civil lawsuit on Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014. | Video

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