Lloyd's of London preparing for euro collapse

The chief executive of the multi-billion pound Lloyd's of London has publicly admitted that the world's leading insurance market is prepared for a collapse in the single currency and has reduced its exposure "as much as possible" to the crisis-ridden continent.

Catalonia calls for help from central government to pay debts

European stock markets tumbled and Spain's borrowing costs shot up as the country's wealthiest autonomous region, Catalonia, called for assistance from central government to pay its bills.

ECB official calls for urgent financial overhaul

FRANKFURT, Germany (AP) — A top European Central Bank official says the 17 countries that use the euro need an "urgent overhaul" of their banking and financial system to deal with the debt crisis, including a multinational authority with the power to restructure and bail out banks.

Europe's slump deepens; US, China lose momentum

LONDON: The shadows being cast over the global economy darkened this month as the euro zone's private sector declined further and China's once-booming factories faltered, business surveys showed on Thursday.

Bank hints QE could restart this summer

The Bank of England has dropped a heavy hint that it is ready to restart quantitative easing this summer if the economy continues to falter.