Romania wants to reach 70 per cent of the euro region’s average gross domestic product per capita by 2020, up from about 60 per cent now. Photograph: Robert Ghement/EPA

The three poorest European Union countries now have euro adoption in their crosshairs. The latest is Romania, which said last week that it would pres(...)

Visitors at a Paris  video games  fair play Just Dance,   made by Ubisoft whose shares soared 8.6 per cent, as Kepler Cheuvreux upgraded the game developer to buy. Photograph: Benoit Tessier/Reuters

European shares slumped on Friday, weighed down by weaker drugmakers after two US politicians called on federal antitrust regulators to open an invest(...)

Volkswagen: lost 1 per cent or more as a strengthening euro dragged on exporters. The World Bank late on Wednesday cut its outlook for global growth and said downside risks had become more pronounced since the start of the year. Photograph:  Suzanne Plunkett/Reuters

European stocks declined on Wednesday, breaking their biggest back-to-back gains in two weeks, as banks and carmakers fell. Investors held off as the (...)

Andreas Treichl, head of Erste Group Bank, said the stress test favoured banks in Italy and other southern nations.

The European Central Bank has defended the design of a stress test for 128 euro zone lenders, after Andreas Treichl, head of Erste Group Bank, vowed t(...)

 Erste Bank agreed to sell 35.2 million shares, or 8.9 per cent of outstanding stock.  Photograph: Simon Dawson/Bloomberg

Erste Group Bank, Austria’s biggest lender, sold €661 million of new shares to help repay state aid in a transaction that reduces the stakes of its ma(...)

Ryanair closed up almost a point. Photograph: Paul Thomas/Bloomberg

Trading is expected to be thin for the rest of this week as US markets close early today and all of Thursday for the US Independence Day holiday. Stoc(...)