The European Commission raised its euro-area growth forecast as the impact of a weaker euro and unprecedented monetary stimulus help the economy overcome pressure on confidence from the continuing crisis in Greece.
Investing.com - The Reserve Bank of Australia cut its cash rate by 25 basis points to a record low 2.00% as expected on Tuesday, citing a subdued inflation outlook and eyeing a further fall in the Australian dollar.
HSBC Holdings Plc said profit at its investment bank increased 6 percent as it earned more from equities and currency trading amid volatile markets.
German airline Lufthansa, hit by a series of strikes, has warned that more cost-cutting is needed. The carrier posted a net profit of �425m (�312m; $472m) in the last quarter, up from a �252m loss last year, helped by the falling oil price.
The email, blunt and to the point, popped into City Hall aides' inboxes at 12:17 p.m., and the subject line said it all: �2 problems today.