Yahoo! News: Business - European Economy
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Greek debt talks drag on, banks signal progress (AP)
AP - Greece's private creditors signaled progress late Tuesday in a bond-swap deal but crucial debt negotiations over another round of austerity measures dragged into another day.
Greek parties delay bailout talks despite EU threats (Reuters)
Reuters - Greek political parties delayed yet again on Tuesday making the tough choice of accepting painful reforms in return for a new international bailout to avoid a chaotic default, seemingly deaf to EU warnings that the euro zone can live without Athens.
Spanish banks set aside billions for toxic assets (AP)
AP - Spain's three top banks said Tuesday they will set aside an additional euro6.1 billion ($8 billion) to meet a new government demand for all banks to boost their buffers against troubled real estate assets.
UBS Q4 profit hit by fallout from trading scandal (AP)
AP - Switzerland's biggest bank, UBS AG, saw its profits slide by 76 percent in the fourth quarter, in a further sign that a $2 billion trading scandal last year has dented business at a time of economic weakness in Europe and abroad.
German industrial output down 2.9 pct in December (AP)
AP - German industrial production fell 2.9 percent in December from the month before, according to official data released Tuesday, suggesting the country's economic slowdown could be worse than expected.
Swiss central banker warns on slowing economy (AP)
AP - Switzerland's economy is expected to "slow considerably" this year and might require more central bank intervention to steady it despite the Swiss franc falling back against the euro, the Swiss National Bank's vice chairman said Tuesday.
UBS warns of poor Q1 as investment bank struggles (Reuters)
Reuters - Swiss bank UBS predicted further weakness in investment banking after a restructuring of the business failed to prevent an earnings hit from the euro zone debt crisis and worries about the global economy.
Yahoo! News: Business - European Economy
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