Paul Hannon

The recent rise in energy prices may cool demand in the eurozone through a variety of channels that would limit the need for rate rises to contain inflation, European Central Bank Chief Economist Philip Lane said Monday.

The eurozone has learned some lessons from its last debt crisis, and the bloc is unlikely to suffer a repeat of that traumatic episode as France wrestles its debt problems.

Business activity in the eurozone slowed in October amid a squeeze on profit margins, a sign of fading resilience in the face of the higher energy costs.

Business activity in the eurozone slowed in October amid a squeeze on profit margins, according to surveys of purchasing managers released Friday, a

Russia’s central bank left its key interest rate unchanged, and signaled only a slight decline in borrowing costs next year as inflation is set to remain stubbornly high.

Russia's central bank Friday left its key interest rate unchanged for the second straight meeting, and signaled only a slight decline in borrowing costs next year as inflation is set to remain stubbornly high.

The central bank is expected to leave its key interest rate unchanged Thursday, avoiding additional pressure on French government bonds.

The European Central Bank is expected to leave its key interest rate unchanged Thursday, avoiding additional pressure on French government bonds at

Eurozone banks tightened their conditions for loans to businesses in the three months through September, while demand for credit declined, an

The U.K. government will stay within its fiscal rules, although with a slightly reduced cushion against setbacks, according to the Office for Budget Responsibility.