WSJ.com: Europe Home

ECB's Draghi Calls for Bank Controls

Thu, 31 May 2012 13:49:31 EDT

ECB President Mario Draghi called for "a banking union," entailing a euro-zone-level fund for resolving failed banks, a deposit guarantee scheme, and more centralized banking-sector supervision.

Jain Takes the Reins at Deutsche

Thu, 31 May 2012 16:17:54 EDT

The new co-CEO at Deutsche Bank was born in India, educated in America and is now based in London. He's expected to shake up Germany's biggest bank.

Turmoil Frays Ties Across Continent

Thu, 31 May 2012 14:17:56 EDT

Amid Europe's intensifying sovereign debt crisis, a spat between banking authorities in Germany and Italy shows how carefully nourished financial ties are fraying.

Spain's Leader Faces Doubts at 'Crunch Time'

Thu, 31 May 2012 08:46:31 EDT

Six months after Mariano Rajoy became prime minister by promising to bring credibility and stability back to Spain, doubts are growing over when and whether it's happening.

Reviled Tax Sits at Core of Greek Chaos

Thu, 31 May 2012 10:07:38 EDT

When the Greek government surprised homeowners by imposing a new national property tax, the mayor of a down-at-the-heels suburb of Athens mobilized against it.

Irish to Deliver Verdict on EU Fiscal Pact

Thu, 31 May 2012 12:18:40 EDT

Irish voters are delivering their verdict on an EU treaty designed to bring financial stability to the euro zone by binding countries to tougher rules on balancing their budgets.

Asia Buckles Under Europe Impact

Thu, 31 May 2012 17:14:23 EDT

Asia is increasingly swaying in headwinds from the Europe debt crisis, with gains in its stock markets effectively wiped out, its companies struggling to raise financing and growth in both India and China sputtering.

Generali Holders Said to Seek Ouster of CEO

Thu, 31 May 2012 16:45:30 EDT

Generali has called an extraordinary board meeting for June 2, the insurer said. The board meeting has been called by top shareholders and is aimed at putting pressure on Generali's chief executive to step down, according to people familiar with the matter.

Slow Growth Amid Sluggish Job Gains

Thu, 31 May 2012 17:15:59 EDT

U.S. GDP growth slowed more than initially thought in the first quarter, while corporate profits picked up. Separately, two labor-market measures—ADP private payrolls and jobless claims—indicated continued sluggish job growth.

Dow's Month Is Worst in Two Years

Thu, 31 May 2012 17:22:35 EDT

The blue-chip benchmark fell 6.2% in May, its biggest monthly retreat since a 7.9% drop in May 2010.

Two Auto Makers Pull Back in Brazil

Thu, 31 May 2012 16:24:14 EDT

Jaguar Land Rover joined BMW in pulling back on some of its investment plans in Brazil as a sharp rise in import tariffs and other changes to regulations aggravate uncertainty about the country's industrial policy.

Indian GDP Grows at Slowest Pace in a Decade

Thu, 31 May 2012 16:46:54 EDT

India's gross domestic product grew at its slowest pace in almost a decade in the January-March period, adding weight to growing evidence the nation's economy is heading into troubled waters.

Graff Diamonds Pulls IPO

Thu, 31 May 2012 15:14:55 EDT

London-based Graff Diamonds will postpone its $1 billion initial public offering in Hong Kong owing to adverse market conditions.

Canada's CGI to Buy IT Rival Logica

Thu, 31 May 2012 15:42:52 EDT

Canadian information-technology services provider CGI agreed to buy embattled Anglo-Dutch rival Logica for $2.6 billion as it seeks to expand its global footprint.

Swiss Growth Stirs Franc Doubts

Thu, 31 May 2012 15:21:09 EDT

Switzerland's economy surged in the first quarter, fueling doubts on the sustainability of the Swiss central bank's currency floor against the euro.

Honda Pins Hopes for Revival on U.S. Sales

Thu, 31 May 2012 17:13:58 EDT

Honda's climb back from a deep slump puts pressure on its breadwinner U.S. operation to lead the way by reclaiming a 10% share of the American market with a double-digit increase in sales.

Armani Caters to China's Middle Class

Thu, 31 May 2012 12:08:24 EDT

Giorgio Armani SpA is looking to China's middle class to help carry the Italian fashion house through potentially slowing growth in the luxury sector.