Bank Chiefs See Consolidation Among Lenders in Italy, Germany

Cooperative banks will be at the forefront of a wave of mergers among lenders in Italy and Germany, the chief executive officers of Intesa Sanpaolo SpA (ISP) and Commerzbank AG (CBK) said.

Bricks-and-mortar sales edge lower at start of holiday season; online surges: Data

(Reuters) - U.S. shoppers spent slightly less money at brick-and-mortar stores on Thanksgiving Day and Black Friday than across the same two days in 2013, while online sales surged to record highs, data showed on Saturday.

Growth slows less than feared, easing pressure for rate cut

NEW DELHI (Reuters) - A slowdown in India's economy in the last quarter will increase calls for Prime Minister Narendra Modi to step up reforms but was less severe than feared, giving the Reserve Bank ammunition to resist government pressure to cut interest rates.

ECB's Nouy says banks must show they can make profits

(Reuters) - Euro zone banks that failed or barely passed this year's health checks will have to demonstrate they can make sustainable profits and may need to sell off loss-making units, the European Central Bank's top banking supervisor said.

Russia Weighs Monetary Easing Next Year

The Bank of Russia is considering potential monetary easing starting from the second half of next year, Governor Elvira Nabiullina said.

European commission unveils €300bn infrastructure fund to kickstart growth

A three-year programme aimed at generating more than €300bn (£237bn) for huge infrastructure projects across the European Union is to be launched by the EU executive with the aim of kickstarting growth, combating unemployment and addressing the lack of investment in Europe.

Oil price slide and sanctions 'cost Russia $140bn'

The falling oil price is costing Russia up to $100bn a year, while Western sanctions have hit the country by $40bn, its finance minister has said.