Europe Economic Confidence Rises as Exports Improve

European confidence in the economic outlook rose to the highest in more than two years in July and German unemployment declined for a 13th month as exports sustained a recovery in the region.

ArcelorMittal Forecasts Profit Slump in Third Quarter

ArcelorMittal, the worlds biggest steelmaker, forecast third-quarter profit will slump as much as 30 percent from the prior three months as Chinas economy slows, costs rise and demand weakens during the European summer.

Were EU bank stress tests too weak?

In time, it will become clearer whether these stress tests bring financial stability or whether, as appears more likely, the market discounts them.