Europe

The FINANCIAL -- Luxury consumers across Europe plan to spend over €9,000 (US $11,190) on gifts during the festive period, according to the inaugural Luxury consumption among European high earners 2014 report published today by Deloitte Touche Tohmatsu Limited (DTTL). They will spend an average of €4,400 (US$5,470) on others and €4,700 (US$5,840) on ...

The FINANCIAL -- Fitch Ratings-London -- European investors believe the high-yield market faces the greatest refinancing risks due to their expectation of widening spreads and weakening credit ...

The FINANCIAL -- The EBRD is making a loan of up to €145 million to finance the modernisation of railway infrastructure in FYR Macedonia and to strengthen the country’s regional transport ...