Euro

Spanish government bonds rose, with 10-year yields approaching a record low, amid speculation European Central Bank President Mario Draghi will reiterate the need for accommodative monetary policy.

BELGRADE – After standing still for a few days, the Serbian dinar dropped 0.1 percent against the euro on Friday, setting the official middle exchange rate at RSD 117.5600 for one euro, the National Bank of Serbia (NBS) has said in a release.

Serbian currency falls to new low against euro

BELGRADE -- The Serbian dinar (RSD)dropped 0.1 percent against the euro (EUR) on Friday, setting the official middle exchange rate at RSD 117.5600.

It is the national currency’s lowest since the beginning of the year. It was highest on January 1, when the middle exchange rate stood at RSD 114.6421 for one euro.

By Jonathan Cable

Eurozone private business growth slowed more than expected this month, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed on Thursday.

By Patrick Donahue

German Chancellor Angela Merkel urged euro-area leaders to coordinate more closely on economic policy and repair the “construction flaws” built into the 18- member currency union to overcome the debt crisis.

Interim Finance Minister Rumen Porozhanov has voiced concerns that the current account deficit could reach 3 percent in 2014.

Under the State Budget of the Republic of Bulgaria Act the deficit is projected at 1.8% for the year, after the previous Parliament failed to pass an update to the fiscal plan proposed by Plamen Oresharski's cabinet.

 Sector's denial of any capital injection needs receives backing from positive report delivered by JPMorgan

Greek banking sources are denying reports that the sector will need a new round of increased capital support, announcing that no such news has been delivered to them by the European Central Bank.

By Paul Carrell & Eva Taylor

The European Central Bank is in a policy no man's land, bombarded by news of a stagnating euro zone economy but hesitant to move forward with new stimulus until measures it loaded in June have ignited.

Out of some 3.3 million Greeks with debts to the state, only around 80,000 have declared to tax authorities a single bank account whose savings -- up to a 1,500-euro limit -- would be protected from confiscation by tax authorities, reports said on Wednesday.

Companies made profit from Tijana’s death