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The European covered bond market has sprung back to life after the European Central Bank's surprise decision to buy billions of euros of the securities. Three new deals were announced [...]

[euro]5bn Commerzbank deal leads the way US and Europe see wave of new issues Commerzbank has raised [euro]5bn with the biggest government-guaranteed bond deal since the bank industry bail-outs, amid [...]

Doubts over market for riskier issuers Pick-up in activity anticipated Signs of life in the European junk bond market have emerged for the first time in more than a year, [...]

T he consensus view on what to do about the European economy is clear. Faced with the unpleasant combination of 'fire and ice', above-target inflation and growth decelerating markedly below [...]

CURRENCIES The euro dropped to a two-month low against the dollar this week as a growing feeling that the single currency might have peaked gripped the market. The euro, which [...]

Sacyr Vallehermoso, the debt-laden Spanish construction and services group, will float part of its toll road business this week in the country's first initial public offering this year. Itinere, which [...]

Fresh measures to combat financial market tensions were unveiled by the European Central Bank yesterday but scares about eurozone inflation further reduced the scope for cutting its main interest rate. [...]

Fresh measures to combat financial market tensions were unveiled by the European Central Bank yesterday, even asscares about eurozone inflation further reduced the scope for cutting its main interest rate. [...]

Investment Corporation of Dubai yesterday made a non-binding offer for Inmobiliaria Colonial that valued the troubled Spanish real estate group at just below Euros 3bn (Dollars 4.5bn). Less than a [...]

Investment Corporation of Dubai yesterday made a non-binding offer for Inmobiliaria Colonial that valued the troubled Spanish real estate group at just below Euros 3bn (Dollars 4.5bn). Less than a [...]

A shudder went through the French banking sector yesterday after Natixis, the country's fourth-largest bank, announced a Euros 1.2bn (Dollars 1.8bn) writedown, prompting fears of more losses from the US [...]

A shudder went through the French banking sector yesterday after Natixis, the country's fourth-largest bank, announced a Euros 1.2bn (Dollars 1.8bn) writedown, prompting fears of more losses from the US [...]

A shudder went through the French banking sector yesterday after Natixis, the country's fourth-largest bank, announced a Euros 1.2bn (Dollars 1.8bn) writedown and prompted fears of more losses from the [...]

The euro has fast gained ground against the dollar in international official foreign exchange reserves in recent months, according to official statistics highlighting the nine-year-old currency's growing global importance. Reflecting [...]

The euro has fast gained ground against the dollar in international official foreign exchange reserves in recent months, according to official statistics highlighting the nine-year-old currency's growing global importance. Reflecting [...]

Short-term market interest rates in the eurozone plunged at their fastest rate for more than a decade yesterday after the European Central Bank stunned investors by pumping a record Euros [...]

Natixis, the French investment bank, said last night the subprime mortgage-led crisis in the credit markets had a Euros 407m (Dollars 603m) impact on its third-quarter revenues, causing underlying profits [...]

Wall Street rallied in the last hour of trading yesterday, closing higher after another volatile trading session, as worries about financial stocks resurfaced and the Federal Reserve said last month's [...]

Global equities enjoyed a solid rebound yesterday following the previous session's sharp sell-off, although there was no respite for the ailing dollar as it hit a new low against the [...]

Emilio Botin, Spain's top banker and chairman of Banco Santander, yesterday pulled off an impressive deal by selling Banca Antonveneta, an Italian bank it has just acquired, for an instant [...]

Emilio Botin, chairman of Santander, yesterday pulled off an impressive deal by selling Banca Antonveneta, an Italian bank that Spain's biggest bank had just acquired, for an instant 60 per [...]

The dollar sank to fresh lows yesterday, helping to drive commodities priced in the US currency to record highs, as credit concerns continued to plague markets. Gold's dramatic climb to [...]

The dollar sank to fresh lows yesterday, helping to drive commodities priced in the US currency to record highs, as credit concerns continued to grip the markets. Gold's dramatic climb [...]

FRANKFURT -- The European Central Bank put further rises in eurozone interest rates on hold yesterday as it launched fresh emergency liquidity-boosting operations in euro money markets. Jean-Claude Trichet, ECB [...]

FRANKFURT -- The European Central Bank is ready to intervene again to relieve tensions in financial markets, it announced yesterday, just hours before its governing council was scheduled to discuss [...]

Stability is slowly returning to Europe's swaps market but risk aversion remains high, market participants say, as one of the world's most important financial markets absorbs tremors in the credit [...]

The European Central Bank is facing one of the biggest tests in its short history. Its huge injections of liquidity into money markets - starting with Euros 94.8bn (Dollars 127.7bn, [...]

The European Central Bank stunned markets yesterday with its aggressive intervention to quash a brewing liquidity crisis in European financial markets. The ECB move far exceeded in scale and scope [...]

In recent weeks, traders in the credit world have repeatedly warned that a nasty liquidity crunch was developing in some rarefied financial corners, such as complex securities linked to mortgages. [...]

FRANKFURT and LONDON -- Deutsche Telekom yesterday reported rising second-quarter core profit, as Germany's leading telecommunications company signed up more mobile phone customers, offsetting a further decline in the domestic [...]

FRANKFURT -- Deutsche Bank took full advantage of its strengthin capital markets inthe second quarter, as earnings from trading of debt and equity jumped sharply in spite of volatile markets. [...]

For each of the three European banks participating in the RBS-led Euros 71bn (Dollars 98bn) break-up bid for ABN Amro, the deal is ambitious. However, it is particularly demanding for [...]

Banca Italease But Mr Faenza has gone. And investors have taken fright at Italease's admission that it is facing a potential hit of hundreds of millions of euros over a [...]

The telecommunications and chemicals sectors attracted interest yesterday on European equity markets in an otherwise mixed session. The FTSE Eurofirst 300 ended flat, down 0.6 points at 1,597.57. DSM was [...]

A few years ago, it was easy to ignore ImmoEast, the Vienna-listed property company. Not so now. The group has just announced plans to raise Euros 3bn in a move [...]

LONDON and NEW YORK -- The European junk bond market grew dramatically in the first quarter of this year in a powerful sign that the world economy is in robust [...]

LONDON -- Unibail has the firepower to buy more European companies even after its proposed purchase of Dutch property company Rodamco, the French group said yesterday. Guillaume Poitrinal, chief executive [...]

Bank of America has become the second US lender successfully to enter the European covered bond markets with the sale of Euros 4bn (Dollars 5.35) worth of bonds in its [...]

PARIS -- Rexel, the French electrical distributor, yesterday laun-ched an initial public offering, aiming to raise up to Euros 1.3bn (Dollars 1.7bn) and become France's biggest private equity spin-off. The [...]

DUBLIN -- Smurfit Kappa, Europe's largest cardboard box manufacturer, defied stock market jitters to open at a 6 percent premium to its initial public offering price. The shares yesterday traded [...]

Sonaecom, the Portuguese telecoms company mounting a hostile Euros 10.7bn (Dollars 13.9bn) takeover bid for Portugal Telecom, is coming under increasing pressure to raise its offer. Leading PT investors said [...]

LONDON -- The euro has displaced the US dollar as the world's pre-eminent currency in international bond markets, having outstripped the dollar-denominated market for the second year in a row. [...]

Today sees a coming together of buy- and sell-side practitioners to introduce a joint paper entitled Improving the functioning of European Bond Markets: Towards a Consensus. Under the auspices of [...]

Telefonica, the Spanish telecommunications operator, was forced to pay more in order to complete the sale of Euros 5.8bn (Dollars 7.1bn) of bondsyesterday, after euro-investors rejected initial price guidance. The [...]

Additional regulatory measures to improve price transparency in European bond markets would harm liquidity and be counterproductive to the development of the markets, the Bond Market Association and several other [...]