Why Spain’s now threatening to drag down Europe

Just when we thought the euro crisis had subsided for a bit, Spain is bursting back up as a trouble spot. On Wednesday, Prime Minister Mariano Rajoy said the country is “facing an economic situation of extreme difficulty.”

US Fed indicates smaller chance of more QE

Federal Reserve policymakers appear less keen to launch a fresh round of monetary stimulus as the US economy gradually improves, according to minutes for the central bank's March meeting.

Greek economy to slump 5% this year: IOBE

ATHENS: Greece's most influential think tank projected the economy would contract by 5 percent this year, taking a more pessimistic view than the European Commission and the IMF and casting a cloud over government efforts to meet fiscal targets.

RBS to pay £400m dividend to preference share holders

RBS is working on plans to “turn the tap back on” for a £350m-£400m dividend payment to preference shareholders as the bank addresses a clutch of hurdles in its quest to privatise the Government’s 82pc stake.

Eurozone boosts financial buffers to $1.1 trillion

COPENHAGEN, Denmark (AP) — The 17 countries that use the euro have boosted their emergency funding for heavily indebted countries to €800 billion ($1.1 trillion) — an amount that falls short of what the currency union's international partners had said is needed to calm financial markets.