Category Archives: europe

Europe Struggles With Inflation

From the New York Times: FRANKFURT — Inflation in the euro area surged to a record high for 12 months ending in June, Eurostat, the European statistics agency, reported Monday, inciting a debate about whether the European Central Bank should … Continue reading

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USB Mortgage Losses

May 26 (Bloomberg) — UBS AG, the European bank hardest hit by the U.S. subprime contagion, fell the most in more than two months in Swiss trading after saying it may face more losses from mortgage securities. UBS declined 1.74 … Continue reading

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