The European Commission on Friday warned Italy’s high borrowing costs could hit growth after bond yields surged to new records and France and Germany warned a blow-out on Italian debt could kill the euro. “If the bond yields continue to be this high for long it will have a negative […]

The British ex-CEO of Japan’s Olympus Corp emerged from a frosty meeting of directors on Friday convinced its board would eventually quit over an accounting scandal engulfing the firm, but he said he wasn’t “begging” to return and clean up the mess. Michael Woodford, still an Olympus director despite being […]

Euro zone states may ditch plans to impose losses on private bondholders should countries need to restructure their debt under a new bailout fund due to launch in mid-2013, four EU officials told Reuters on Friday. Discussions are taking place against a backdrop of flagging market confidence in the region’s […]