European Central Bank Executive Board member Benoit Coeure on Friday raised doubts about whether a weaker euro would be the way to ignite growth in the euro zone.
Europe
G20 proposes buffer to end too big to fail banks
The world's biggest banks should hold a buffer of bonds in case of a collapse so that government bailouts are avoided, a global regulatory body proposed on Monday.
Rise in French speakers since 2010 a boost for France: report
The number of French speakers across the world grew 25 percent since 2010, the International Organisation of La Francophonie (OIF) said in a report published on Wednesday, a potential boost as France seeks growth from overseas opportunities.
Euro zone risks self-fulfilling loss of momentum: ECB's Coeure
The euro zone economy is at risk of slipping into a self-fulfilling loss of growth momentum, European Central Bank Executive Board member Benoit Coeure said on Sunday, underlining the ECB's readiness to act if needed.
Estee Lauder snaps up third luxury brand in a month
Estee Lauder Cos Inc (EL.N) bought French luxury perfume brand Editions de Parfums Frédéric Malle, its third acquisition in less than a month as the company looks to boost its portfolio of high-end luxury perfumes and skin care brands.
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Next week the RBNZ is going to release its financial stability report and on Tuesday Governor Graeme Wheeler is scheduled to speak. BOE quarterly inflation report & US unemployment claims, retail sales and consumer sentiment are to be released in the upcoming week.
Turkey's Atlasjet has reached a preliminary deal with European planemaker Airbus (AIR.PA) to buy around 30 aircraft worth $3 billion at list prices as it expands in eastern Europe and central Asia, two people familiar with the matter said.
The European Central Bank is monitoring the liquidity position of the euro zone banks under its supervision on a daily basis, Italian bank Monte dei Paschi di Siena (BMPS.MI) and two other Italian banking sources said on Friday.
A deepening crisis of confidence in the ruble dominated financial markets action in Europe on Friday, with another 3 percent fall meaning the Russian currency has lost more than a tenth of its value in less than a week.
Labor unions at Italy's Monte dei Paschi di Siena (BMPS.MI) on Thursday urged the Italian government to resist what they said was pressure from the European Union for the bank to merge with another group.
Italian utility Enel (ENEI.MI) could raise 3.1 billion euros ($3.8 billion) with the flotation of up to 22 percent of its Spanish subsidiary Endesa (ELE.MC) on the stock market, according to the prospectus lodged with regulators on Thursday.
Recent U.S. tax changes have weakened the case for companies like Pfizer (PFE.N) to shift their tax bases overseas by striking so-called tax inversion deals, according to AstraZeneca's (AZN.L) chief executive.
The euro edged higher and European stocks pulled back on Thursday as investors waited to see what message ECB chief Mario Draghi will send after the European Central Bank's monthly meeting, following another run of poor euro zone data.
Monte dei Paschi di Siena (BMPS.MI) will tap investors for up to 2.5 billion euros next year to fill a capital deficit laid bare by recent stress tests and pay back state aid in a move bankers said would prepare the Italian lender for a likely takeover.
