Europe News
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European stocks climbed this past week as Italy’s Senate approved austerity measures, easing concern the country will need a bailout, and U.S. consumer confidence rose in November more than economists had predicted.
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Citigroup Inc. agreed to sell EMI Group’s recorded music and publishing businesses in separate transactions for a combined $4.1 billion.
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Federal Reserve Vice Chairman Janet Yellen said recent financial market turmoil underscores the need for “forceful action” by European leaders to curb the continent’s debt crisis.
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UniCredit SpA, Italy’s biggest bank, is close to exiting research, sales and trading for western European equities as part of its plan to revive profitability, according to two people with knowledge of the discussions.
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