Europe Business

Swiss refiner Metalor to stop processing artisanal gold

17/06 Switzerland's Metalor, one of the world's biggest gold refineries, said on Monday it would work only with gold from large industrial mines in order to reduce the risk of illegality in its supply chain.  Full story

Gold holds steady ahead of Fed meeting

03h45 Gold held steady in early Asian trade on Tuesday as investors awaited the start of a two-day monetary policy meeting of the U.S. Federal Reserve for clues on interest rates.. . .  Full story

Oil prices hold steady amid Mideast tensions, weak economic data

03h18 Oil prices steadied on Tuesday, caught between rising tensions in the Middle East and signs that economic growth is being hit by trade tensions between the United States and China.. . .  Full story

U.S. to send 1,000 additional troops to the Middle East

00h35 Acting U.S. Defense Secretary Patrick Shanahan announced on Monday the deployment of about 1,000 more troops to the Middle East for what he said were "defensive purposes," citing concerns about a threat from Iran.. . .  Full story

U.S. preparing to send more troops to Middle East-sources

00h09 The United States is preparing to send additional troops to the Middle East in response to mounting concerns over Iran, which Washington blames for attacks on oil tankers last week, two U.S. officials told Reuters. . .  Full story

Swedbank suspends CEO, CFO of Estonian unit

17/06 Swedbank said on Monday it had suspended the CEO and CFO of its Estonian business with immediate effect following an investigation into compliance with money-laundering rules at the bank.. . .  Full story

Oil prices fall 1% as economic worries outweigh tanker tensions

17/06 Oil prices fell more than 1% on Monday after more poor Chinese economic figures fanned fears of lower worldwide oil demand.. . .  Full story

Italy's budget fight with Brussels shifts focus to 2020 - sources

17/06 Italy believes it can satisfy the European Commission's demands over its public accounts for this year, but the real sticking point in negotiations is now about 2020, government sources say.. . .  Full story

Gold slips as rate cut expectations ease ahead of Fed meet

17/06 Gold prices slipped further on Monday after sliding from a more-than-14-month high the previous session on upbeat U.S. economic data that dampened expectations the Federal Reserve could ease interest rates.. . .  Full story

Copper recovers as China output falls, strike hits mine

17/06 Copper prices recovered on Monday, boosted by a mine strike and weak Chinese output, but other industrial metals were pressured by nervousness about the damage to growth and demand from the U.S.-China trade dispute.. . .  Full story

EU crop monitor raises wheat, maize yield forecasts, trims barley

17/06 Beneficial rainfall in much of the European Union has led the bloc's crop monitoring service to raise monthly yield forecasts for this year's wheat and maize harvests, but parched conditions in Spain contributed to. . .  Full story

Fashion house Chanel parades its independence as profits rise

17/06 Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away in February, on Monday reaffirmed commitment to its independence after reporting higher annual sales and profits.. . .  Full story

European stocks edge lower, Lufthansa drags after profit warning

17/06 European stock markets closed marginally lower on Monday with a profit warning from Germany's Lufthansa hitting airline stocks, while markets globally awaited clues from the U.S. Federal Reserve on its policy direction.. . .  Full story

Banks support FTSE 100 even as airlines hit by Lufthansa warning

17/06 London's main index inched up on Monday as rises in banking shares outweighed the impact of a profit alert from Germany's Lufthansa on airlines, while UK contractor Kier Group skidded to an all-time low.. . .  Full story

Euro zone bond markets await Fed, ECB; inflation gauge at new low

17/06 Euro zone bond yields held near multi-year lows on Monday, as markets waited for monetary policy updates from both the U.S. Federal Reserve and European Central Bank this week after inflation expectations in the. . .  Full story

Luxury goods group Kering names Bartolomeo Rongone as Bottega Veneta CEO

17/06 French luxury group Kering appointed Bartolomeo Rongone as Chief Executive of its fashion label Bottega Veneta, to replace Claus-Dietrich Lahrs who is leaving the company.. . .  Full story

BP rig zigzags North Sea in chase with Greenpeace ship

17/06 A BP drilling rig heading to an oilfield in the British North Sea has been forced to turn away twice over the past two days as a Greenpeace vessel protesting climate change tries to. . .  Full story

Spain joins France and Germany in race to build Europe's next combat jet

17/06 Spain on Monday joined a Franco-German project to build a next-generation fighter jet, an initiative touted as key to ensuring Europe can defend itself without depending on allies in an increasingly uncertain world.. . .  Full story

More EU leaders sign up to carbon net-zero goal by 2050 ahead of summit

17/06 Germany has joined a growing number of EU nations to back going carbon neutral by mid-century, EU documents show, building momentum for the bloc's leaders to agree the ambitious climate goal at a summit. . .  Full story

HSBC opens in Apple's home town, plans 50 new U.S. branches

17/06 The U.S. arm of HSBC Holdings Plc announced plans on Monday to expand its branch network by around a quarter as it opened a new location in Apple Inc's home town of Cupertino, California.. . .  Full story

Non-disclosure of dam safety risks could prompt big investors to pull out

17/06 Investors with a combined $12.5 trillion in assets, including the Swedish National Pension Funds and the Church of England, could review their stakes in resource companies that use storage dams if they do not. . .  Full story

UK hopes Trump and Xi can ease trade tensions at G20 summit -Hammond

17/06 Britain hopes that U.S. President Donald Trump and Chinese President Xi Jinping can make progress on easing trade tensions when they meet later this month at a summit of world leaders in Japan, British. . .  Full story

Groningen gas production to drop 20% faster than planned - gov't

17/06 Next year's output at the Groningen natural gas field in the north of the Netherlands looks set to drop 20% more than previously announced, the Dutch government said on Monday.. . .  Full story

After Woodford fund suspension, focus turns to its stewards

17/06 The suspension of Neil Woodford's flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly.. . .  Full story

China's Huatai lifts off in long-awaited London-Shanghai share link

17/06 Huatai Securities , one of China's largest brokerages, became the first company to list in London under a much-anticipated link with the Shanghai exchange, with its shares rising 7% on Monday.. . .  Full story

Bosnian region raises more than targeted at bond auction, lower yield

17/06 Bosnia's autonomous Serb Republic raised 37.5 million Bosnian marka ($21.6 million), above 35 million marka target, through an auction of five-year domestic bonds aimed at helping it plug budget gap and finance maturing debt, the. . .  Full story

Spanish retailer DIA's battle for survival

17/06 Spanish retailer DIA has missed a deadline to agree a restructure of its towering debt but said on Monday its main shareholder, investment fund LetterOne, will keep trying to reach a deal.. . .  Full story

Brussels set to end Swiss bourses' access to EU market - EU diplomat

17/06 A European Union diplomat said on Monday that Swiss stock exchanges are set to lose their access to EU investors from July because Brussels and Switzerland have so far failed to reach a compromise. . .  Full story

Airtel Africa expects London IPO to be priced between 80-100 pence share

17/06 Airtel Africa Ltd, a unit of India's Bharti Airtel Ltd, on Monday set a price range of 80 to 100 pence per share for its planned initial public offering on the. . .  Full story

Kier to sell housing businesses, cut 1,200 jobs and suspend dividend

17/06 Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilise the business.. . .  Full story

German economy to shrink slightly in Q2 - Bundesbank

17/06 German economic output will fall slightly in the second quarter, the Bundesbank said on Monday, as one-off effects that underpinned an expansion in the first quarter fade.. . .  Full story

Lufthansa profit warning spooks European airline sector

17/06 Germany's Lufthansa sent shockwaves through the European airline sector on Monday as it cut its full-year profit forecast, with lower prices and higher fuel costs compounding the effect of losses at its budget subsidiary Eurowings.. . .  Full story

Oil firm Okea's IPO raises less than half initially planned

17/06 Norwegian oil firm Okea has raised 315 million crowns ($36 million) in an initial public offering, the company said on Monday, less than half of what it had initially planned due to a fall. . .  Full story

UK households' pessimism eases in June - IHS Markit

17/06 British households' pessimism about their finances eased this month, as for the first time this year they took a positive view of the outlook for the next 12 months and enjoyed higher earnings, a. . .  Full story

China kicks off Shanghai-London Stock Connect with initial quota

17/06 China's securities regulator set initial quotas for the Shanghai-London Stock Connect scheme that officially kicked off trading on Monday, in its latest move to open up its capital markets.. . .  Full story

Babcock confirms it turned down Serco's buyout offer

17/06 British engineering services group Babcock International Group Plc on Monday confirmed that it had rejected an offer by rival Serco Group in January to combine the two companies in a deal that would have. . .  Full story

Abu Dhabi's Sanad Aerotech seals $6.5 bln Rolls-Royce engine repair contract

17/06 A wholly-owned unit of Abu Dhabi state fund Mubadala, on Monday, sealed a $6.5 billion deal with Rolls-Royce for Trent 700 engine maintenance, tripling the number of those engines it services annually.. . .  Full story

EXCLUSIVE-Banks face new challenges in Italian diamond scandal

17/06 A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy‚Äôs largest lender, and smaller rival Banco BPM.. . .  Full story

-UBS loses role in bond deal for Chinese firm on outcry over pig comment

17/06 UBS has lost a lead role on a U.S. dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a senior UBS economist's use of "pig" in connection. . .  Full story

NatWest preparing to launch new Sonia loan

17/06 NatWest is preparing to pilot a loan using the new Sonia interest rate, it said on Monday, after British authorities ordered a switch from the discredited Libor benchmark.. . .  Full story

Australian shares end lower in muted trade; NZ falls

17/06 Australian shares ended lower on Monday as investors took profits on heavyweight mining stocks after a strong rally last week, but sentiment was largely subdued ahead of a U.S. Federal Reserve meeting later in. . .  Full story

EXCLUSIVE-Hong Kong tycoons start moving assets offshore as fears rise over new extradition law

17/06 Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to. . .  Full story

Australia's Vocus tumbles after AGL backs out of offer for second time

17/06 Australia's AGL Energy Ltd withdrew a proposal to buy Vocus Group on Monday, just days after it offered A$3.02 billion ($2.08 billion) for the telecoms firm, knocking Vocus shares down by a third.. . .  Full story

Huawei prepares for 40%-60% fall in international smartphone shipments- Bloomberg

17/06 Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday.. . .  Full story

UK firms to cut investment by most in 10 years as Brexit drags on - BCC

17/06 British companies look set to cut their investment by the most in 10 years in 2019 as the Brexit crisis drags on, weighing on future economic growth prospects, a survey showed on Monday.. . .  Full story

Long-awaited London-Shanghai share listing project goes live

17/06 Companies listed in Britain will be able to sell shares in China on Monday with the launch of a long-awaited London-Shanghai Stock Connect project that finance minister Philip Hammond called a chance to deepen. . .  Full story

Boeing crisis, trade tensions cast pall over air show

16/06 Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world's largest planemakers as they arrive at this week's Paris Airshow with little to celebrate despite bulging order books.. . .  Full story

UK PM front-runner Johnson pledges to "end the digital divide" by 2025

16/06 Boris Johnson, the front-runner to replace Prime Minister Theresa May, pledged on Sunday to "end the digital divide" in Britain with the rollout of full fibre broadband by 2025.. . .  Full story

Hong Kong leader says sorry as protesters insist she quits

16/06 Hong Kong's leader Carrie Lam apologised to its people on Sunday as an estimated 1 million-plus black-clad protesters insisted that she resign over her handling of a bill that would allow citizens to be. . .  Full story

France plans to scrap 1 bln euros of tax breaks for companies

16/06 France plans to scrap 1 billion euros ($1.1 billion) of tax breaks for companies to help fund a pledged 5-billion-euro reduction in personal income taxes, Budget Minister Gerald Darmanin said on Sunday.. . .  Full story

Hong Kong leader apologises to public after massive protests over extradition bill

16/06 Hong Kong leader Carrie Lam apologised to the public on Sunday with "utmost sincerity and humility" after the second massive protest in a week over a proposed extradition bill that would allow people. . .  Full story

Blast-hit tankers to be assessed off UAE coast

16/06 The two oil tankers crippled in attacks in the Gulf of Oman last week that Washington and Riyadh have blamed on Iran are being assessed off the coast off the United Arab Emirates before. . .  Full story

Iran to scale back nuclear deal commitments - Tasnim

16/06 Iran will announce further moves on Monday to scale back compliance with an international nuclear pact that the United States abandoned last year, the semi-official Tasnim news agency reported on Sunday.. . .  Full story

Swiss measures to safeguard stock market amid EU row

16/06 The Swiss government has drawn up measures that it says will help protect the domestic stock market should the European Union seek to block EU-based investors from trading on Swiss exchanges in a row. . .  Full story

RBS says Saudi bank merger boosts its core capital

16/06 Royal Bank of Scotland (RBS) said on Sunday the completion of a merger between Alawwal bank and Saudi British Bank would lead to RBS shedding 4.7 billion pounds ($5.9 billion) of risk weighted assets. . .  Full story

France to declare natural disaster after storms in south east

16/06 France will declare a state of natural disaster after heavy rain and flash hail storms ravaged crops in southeastern France on Saturday, Agriculture Minister Didier Guillaume said on Saturday.. . .  Full story

Britain "almost certain" Iran was behind tanker attacks - foreign minister Hunt

16/06 Foreign minister Jeremy Hunt said on Sunday Britain is "almost certain" Iran was behind attacks on oil tankers in the Gulf of Oman, adding that London did not believe anyone else could have done. . .  Full story

Boeing seeking to reduce scope, duration of some physical tests for new aircraft - sources

16/06 Boeing Co engineers are reducing the scope and duration of certain costly physical tests used to certify the planemaker's new aircraft, according to industry sources and regulatory officials.. . .  Full story

U.S. Navy official sees more orders for Boeing P-8A in coming months

16/06 The U.S. Navy expects additional U.S. and international orders for the Boeing P-8A Poseidon maritime patrol aircraft in coming months, which should extend production by two years to late 2025, a senior U.S. Navy official. . .  Full story

Brusque to bruised: Hong Kong's Lam caves to pressure on extradition bill

16/06 With an escalating U.S. trade war, a faltering economy and tensions in the South China Sea vexing her bosses in Beijing, Hong Kong leader Carrie Lam appeared in no mood to compromise on a. . .  Full story

Saudi seeks oil supply protection as U.S and Iran face off

16/06 Saudi Arabia called for swift action to secure Gulf energy supplies and joined the United States in blaming Iran for attacks on two oil tankers in a vital shipping route that have raised fears. . .  Full story

ECB will act if inflation expectations are de-anchored: de Guindos

15/06 Longer-term inflation expectations in the euro zone need to come unstuck for the European Central Bank to provide more stimulus, ECB Vice President Luis de Guindos was quoted on Saturday as saying.. . .  Full story

Country-specific euro zone risks remain "very serious" - IMF

15/06 The euro zone remains at risk of being hit by debt-crisis-style country-specific shocks, the head of the International Monetary Fund's European department said on Friday.. . .  Full story

Irish spending growth to slow in October budget - PM

15/06 The Irish government plans to slow spending growth at its budget in October, Prime Minister Leo Varadkar said on Saturday, after the Central Bank and state budget watchdog warned of signs of overheating.. . .  Full story

Estonia questioned 3 Aripank staff in new money laundering probe

15/06 Estonian police said they held three employees of local bank Tallinna Aripank for questioning this week for 48 hours as part of an investigation into suspected money laundering and bribery.. . .  Full story

Saudi urges swift response to secure Gulf energy supplies - ministry

15/06 Saudi Arabia said on Saturday there must be a quick response to the threat to energy supplies, market stability and consumer confidence, the energy ministry tweeted, two days after attacks on two tankers in. . .  Full story

Bowing to pressure, Hong Kong leader suspends extradition bill

15/06 Hong Kong leader Carrie Lam on Saturday indefinitely delayed a proposed law that would have allowed extraditions to mainland China, in a dramatic retreat after anger over the bill triggered the city's biggest and. . .  Full story

U.S. consulate welcomes Hong Kong decision to suspend extradition bill

15/06 The United States Consulate in Hong Kong on Saturday welcomed a decision by Hong Kong leader Carrie Lam to suspend a proposed law that would allow people to be extradited to mainland China for. . .  Full story

Chinese state media urges retribution after UBS economist's 'insult'

15/06 Those who insult Chinese people should pay the price in order to deter would-be offenders from following suit, Chinese state media said in a sharply worded commentary, after remarks by a UBS economist about. . .  Full story

Broadcom's $2 billion warning rattles global chip sector

14/06 Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company's. . .  Full story

Trump says 'Iran did do it,' as U.S. seeks support on Gulf oil tanker attacks

14/06 The United States on Friday blamed Iran for attacks on two oil tankers at the entrance to the Gulf and said it was seeking international consensus about the threat to shipping, despite Tehran denying involvement. . .  Full story

U.S. focus is to build global consensus after Mideast oil tanker attacks -Shanahan

14/06 U.S. President Donald Trump's administration is focused on building international consensus following attacks on oil tankers in the Middle East that the United States has blamed . .  Full story

Bluebird prices gene therapy at 1.58 mln euros over 5 years

14/06 Bluebird bio Inc on Friday set a price for its gene therapy, Zynteglo, at 1.58 million euros ($1.78 million) over five years, after winning conditional approval in Europe this month to treat a rare. . .  Full story

Pope backs carbon pricing to stem global warming and appeals to deniers

14/06 Pope Francis said on Friday that carbon pricing is "essential" to stem global warming - his clearest statement yet in support of penalising polluters - and appealed to climate change deniers to listen to. . .  Full story

Gold retreats on robust U.S. retail sales data, but holds at 14-month peak

14/06 Gold prices retreated on Friday as upbeat U.S. retail sales somewhat eased fears that the economy was slowing down in the second quarter.. . .  Full story

Raw sugar sets fresh 1-1/2-month high; cocoa, coffee slip

14/06 Raw sugar prices on ICE rose on Friday to hit a fresh 1-1/2-month high, underpinned by expectations of strong ethanol demand and reduced Indian production, while cocoa and coffee prices slipped.. . .  Full story

Iran fast-boats preventing towing of damaged Altair tanker -source

14/06 Iranian military fast-boats in the Gulf of Oman are preventing two privately owned tug boats from towing away an oil tanker damaged in attacks on Thursday, a U.S. official said on Friday, speaking. . .  Full story

U.N. chief calls for independent probe into Gulf tanker attacks

14/06 United Nations Secretary-General Antonio Guterres called on Friday for an independent investigation to establish the facts and who was responsible for attacks on two oil tankers this week in the Gulf of Oman.. . .  Full story

Local labour laws apply to Ryanair employees - Belgian court

14/06 Belgium's labour laws can apply to Ryanair employees based in the country, a local court ruled on Friday, in a case that could set a precedent elsewhere in Europe and upholds a 2018 agreement. . .  Full story

China securities watchdog surveys brokerages, fund managers for signs of stress - sources

14/06 China's securities watchdog has surveyed Chinese brokerages and fund managers for signs of financing stress, sources said on Friday, after a state takeover of a troubled bank in May spooked investors and triggered a spike. . .  Full story

FTSE 100 dips as global growth concerns dominate; Kier hits record low

14/06 London's FTSE 100 weakened on Friday as Asia-focused banks took a hit from underwhelming Chinese industrial growth data, while Kier shed more than a third of its value after it was reported to be. . .  Full story

Europe closes in the red as Broadcom warning rocks chip sector

14/06 Trade-sensitive technology stocks led losses in European markets on Friday after U.S. chipmaker Broadcom's sales warning and disappointing industrial data out of China came as the clearest signs yet of the damage trade war may. . .  Full story

Copper slides as China data dents demand prospects

14/06 Copper prices fell on Friday after weak manufacturing and investment data from top consumer China reinforced expectations of damage to growth and demand prospects from the protracted U.S.-China trade war.. . .  Full story

Trump, Japan's Abe discussed tanker attacks in call -W. House

14/06 U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe discussed this week's attacks on two oil tankers in the Gulf of Oman in a phone call on Friday, the White House said, adding. . .  Full story

U.S. and Gulf allies face tough task protecting oil shipping lanes

14/06 The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.. . .  Full story

Russia's Transneft says Druzhba pipeline to resume on July 1 - TASS

14/06 Russian pipeline monopoly Transneft expects the Druzhba pipeline to resume full operations from July 1, TASS news agency cited the company's vice president Sergey Andronov as saying on Friday.. . .  Full story

London Metal Exchange slaps alcohol ban on open outcry traders

14/06 The London Metal Exchange has banned open outcry traders from consuming alcohol during the day, it said on Friday, joining other London firms in halting a culture of boozy lunches.. . .  Full story

Kier sinks after report of discounted sale of housebuilding arm

14/06 Shares in Britain's Kier fell more than 35% on Friday to a record low after the Times newspaper reported the construction and services group was rushing to sell its housebuilding business at a discount. . .  Full story

Ship insurance costs soar after Middle East tanker attacks

14/06 Insurance costs for ships sailing through the Middle East have increased by at least 10% after attacks on two tankers in the Gulf of Oman on Thursday, with the potential for costs to rise. . .  Full story

Rolls-Royce, Spain's Indra confirm talks over ITP Aero stake

14/06 British engine maker Rolls-Royce Holdings Plc confirmed on Friday that Spain's Indra Sistemas SA had expressed an interest in taking a majority stake in its Spanish business ITP Aero.. . .  Full story

UBS puts economist on leave in growing China pig row

14/06 UBS has put on leave a senior economist whose comments about pigs in China caused an outcry and prompted one Chinese firm to suspend all business with Switzerland's largest bank.. . .  Full story

Pause over, euro zone bond yields slide to new lows on weak China data

14/06 Germany's 10-year bond yield hit a record low on Friday and Spanish yields dropped below 0.5% for the first time, as weak data from China fanned concern about the impact of a bitter trade. . .  Full story

EU heads towards full-blown fight with Italy over debt

14/06 The European Union looks increasingly likely to impose disciplinary procedures on Italy over the management of its huge public debt, after inconclusive meetings on Friday between the Italian finance minister and his EU partners.. . .  Full story

MOVES-Credit Suisse re-hires Fabien Antignac to head EU capital markets

14/06 Credit Suisse has re-hired banker Fabien Antignac, who left the bank almost a year ago, to head its European Union capital markets, the bank said on Friday.. . .  Full story

EDF consortium wins 600 MW Dunkirk offshore wind project

14/06 A consortium led by French state-owned utility EDF has won a contract for a major 600 megawatt (MW) offshore wind project near Dunkirk in western France, Environment Minister Francois de Rugy said on Friday.. . .  Full story

Business and pleasure: how Russian oil giant Rosneft uses its corporate jets

14/06 Jets used for corporate travel by Russian state-owned oil major Rosneft flew at least 13 times to Mallorca, Ibiza, Sardinia and the Maldives when CEO Igor Sechin or people from his social circle were. . .  Full story

Support wavers in Hong Kong for bill allowing extraditions to China after protests

14/06 Cracks appeared on Friday in the support base for a proposed Hong Kong law to allow extraditions to China, and opponents of the bill said they would stage more demonstrations after hundreds of thousands. . .  Full story

Latest on tanker attacks south of the Strait of Hormuz

14/06 U.S. President Donald Trump blamed Iran on Friday for attacks on two oil tankers at the entrance to the Gulf despite Tehran's denials, stoking fears of a confrontation in the vital oil shipping route.. . .  Full story

Thyssenkrupp names new steel business CEO to lead major overhaul

14/06 Germany's Thyssenkrupp will promote Premal Desai to lead its steel division and restructure the business in the face of dwindling global demand, the elevators-to-submarines group said on Friday.. . .  Full story

EU agrees easier restructuring of euro zone bonds from 2022 - sources

14/06 European Union governments on Friday agreed new rules that would make it easier to restructure euro zone sovereign bonds in the event of a financial crisis, two EU officials told Reuters.. . .  Full story