Efsf

• Euro zone leaders, ECB to act on euro: Juncker

  The euro zone is at a decisive point and leaders will work with the European Central Bank (ECB) to demonstrate their commitment to the stability of the single currency.

• Can EU deal lift stocks for more than a day?

  US stocks finished the first half of the year with a bang as investors welcomed news that the euro zone is a step closer to solving its 30-month-long debt crisis. Now for the question: Is this rally strong enough to last for more than a day? The S&P 500 and the Nasdaq posted their best daily percentage gains since December on Friday after an agreem...

• European leaders agree to closer long-term union

  European leaders appeared to salvage what had seemed to be a summit teetering toward failure by agreeing early Friday to funnel money directly to struggling banks, and in the longer term to form a tighter union.

• Eurozone set for emergency talks on Spanish bank crisis

  Eurozone finance ministers are to hold an emergency conference call Saturday on an expected request for aid from Spain.

• Spain may seek bailout from EU soon

  Spain appeared to be on the verge of seeking a bailout from the European Union to avert a meltdown of its troubled banking sector.

• Asian shares ease on worries over Spanish banks, Greek chaos

  MSCI's broadest index of Asia-Pacific shares eased 0.1 per cent, touching its lowest in nearly four months.

• Eurozone agrees on temporary boost to rescue financial capacity

  The move is aimed at preventing a new flare-up of Europe's sovereign debt crisis, but markets may judge it too small.

• Eurozone finance ministers to meet this Monday on Greek bailout

  The ministers are expected to sign off on the 130 billion euro ($171 billion) rescue programme for Greece.

• Friday's downgrades could hurt the EFSF

  Backed by guarantees from eurozone states, the fund borrows from investors at cheap rates and then lends that money to nations that have been shut out of the private markets.

• Eurozone debt downgrades may impact bailout fund

  S&P indicated that any downgrade of a triple-A nation could lead to similar action against the EFSF rating.

• EU fails to reach euro200 billion IMF loan target

  EU finance ministers have come up $65.19 bn short of their goal of providing the IMF with $260.78 bn.

• Japan buys 13% of eurozone rescue fund bond sale

  The four previous sales comprised medium and long-term bonds while the latest issue was short-term bills.

• What's in the new deal to save the euro?

  Twenty-three European Union states agreed on Friday to set up a new treaty, giving up crucial powers over their own budgets in an attempt to overcome a crippling debt crisis. All 17 countries that use the euro, plus Denmark, Latvia, Lithuania, Poland, Romania and Bulgaria are a part of this treaty.

• European Financial Stability Fund to launch short-term bills by year-end

  The programme will focus on 3, 6 and 12 month bills, EFSF said in a statement.

• Europe seeks investment from China in rescue of Euro

  A day after European leaders unveiled their latest plan to save the euro, top officials opened talks with China in an effort to lure tens of billions of dollars in additional cash, giving China perhaps its biggest opportunity yet to exercise financial clout in the Western world. China is expected to demand significant concessions, includ...