NEW DELHI: French telecom firm Alcatel Lucent today announced a transition plan under which it aims to generate revenues of over 7 billion euros by 2015 from its core networking business. "Under The Shift Plan, Alcatel-Lucent is planning to grow its ...

The dollar rose for a second day versus the euro before U.S. housing and manufacturing data that may add to the case for reduced monetary stimulus as flagged yesterday by the Federal Reserve.

BERLIN (Reuters) - Germany has agreed the financing of an 8-billion euro fund to help repair damage caused by the worst flooding in a decade, with both the federal government and states footing the bill, the finance ministry said on Wednesday.

Euro zone leaders want the European Stability Mechanism (ESM) bailout fund to be able to become a shareholder in a systemically important bank so that the expense of saving the institution does not fall just on the shoulders of a government that may ...

BRUSSELS (Reuters) - The euro zone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro zone leaders and its lenders, three senior euro zone officials said on Wednesday.

BRUSSELS/ATHENS (Reuters) - European foot-dragging could leave Greece short of 2.0 billion euros ($2.7 billion) this year as some euro zone creditors are reluctant to roll over their Greek debt holdings, Greek and euro zone sources involved in the ...

Berlusconi also opposes the prospective VAT increase and said this week that Italy should flout the euro requirement to keep government deficits at less than 3% of gross domestic product.

Last July Mario Draghi, president of the European Central Bank, spoke of the ECB's intent to do "whatever it takes" to hold the euro area together. In the months after his comment, the ECB unveiled its Outright Monetary Transactions programme, in which ...

BRUSSELS, June 19 (Reuters) - The euro zone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro zone leaders and its lenders, three senior euro zone officials said on ...

In the construction sector, seasonally adjusted production1 rose by 2.0% in the euro area2 (EA17) and by 0.9% in the EU272 in April 2013, compared with the previous month, according to first estimates released by Eurostat, the statistical office of the ...