Europe stocks end higher as banks, miners rally; Yellen speech eyed – CNBC

U.K. homebuilder Persimmon closed up 4.2 percent, after it said first-half profit rose 29 percent, helping push other names in the sector such as Taylor Wimpey, Bellway and Bovis Homes Group to close sharply higher. Reuters reported that the chief executive of Polish insurer PZU is flying to Milan for talks to acquire Bank Pekao […]

From the destruction of Greece to democracy in Europe – The Boston Globe

In protesting the Treaty of Versailles ending World War I, John Maynard Keynes wrote: “The policy . . . of depriving the lives of millions of human beings, of depriving a whole nation of happiness should be abhorrent and detestable — abhorrent and detestable, even if it were possible, even if it enriched ourselves, even […]

Europe seeks life after Brexit as Merkel meets allies at sea – Chicago Tribune

The Italian aircraft carrier Giuseppe Garibaldi usually patrols the Mediterranean as the flagship of the European mission to save shipwrecked refugees. On Monday, it will host the leaders of Germany, France and Italy as they try to ensure the European Union doesn’t founder in the aftermath of Brexit. The meeting of Angela Merkel, Francois Hollande […]

Renzi calls for less bureaucratic Europe ahead of three-way summit – Reuters

NAPLES, Italy Europe needs to invest in defense, education and culture while breaking free of bureaucratic rules, Italian Prime Minister Matteo Renzi said on Monday ahead of a meeting with the leaders of Germany and France. Renzi will meet German Chancellor Angela Merkel and French President Francois Hollande at a summit rich with symbolism as […]

Stocks end mostly mixed as oil slides 3%; Syngenta pops 10.6% – CNBC

Crude futures fell as much as 3 percent during London’s afternoon trading, as investors grew concerned over the supply glut in the market. China’s substantial increase in fuel exports during July, a rising U.S. oil rig count, and the prospect for more crude shipments seen out of Nigeria and Iraq were some of the factors […]

Little Britain Has a Small Chance of Staying in Mini-Europe – Wall Street Journal

BRUSSELS—Add this to the many questions posed by the British referendum vote to leave the European Union. Should Britain be ousted from Mini-Europe? Thierry Meeus opened the Mini-Europe amusement park here with his family in 1989 as a celebration of the then-European Community. Each country was represented by miniature versions of its iconic buildings. For […]

Banks are the ‘dragging limb’ of Europe—so why are they paying dividends? – CNBC

However, SocGen was highlighted as a bank that might struggle after a hypothetical adverse shock in the European Banking Authority (EBA)’s latest stress tests. In the scenario study, Societe Generale’s transitional fully-loaded common equity capital ratio – a key measure of a bank’s ability to withstand shocks — would fall to 8.03 percent, making Societe […]