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Politics Angela Merkel

  • May 23- Gold prices were steady on Tuesday despite a blast at a concert in the English city of Manchester that left at least 19 people dead in what British police said was being treated as a terrorist incident. *At least 19 people were killed in a blast at a concert in the English city of Manchester on Monday where U.S. singer Ariana Grande had been performing and two...

  • *Sterling falls as police treat Manchester blast as terror attack. SINGAPORE, May 23- Sterling extended losses after British police said they were treating an explosion in Manchester as a possible terrorist attack, while the euro retained gains made on comments by German Chancellor Angela Merkel that the common currency was "too weak." Sterling remained under...

  • *Pound sags vs yen after Manchester blast, but steady vs dollar. TOKYO, May 23- The euro hovered near a six-month high against the dollar on Tuesday after German Chancellor Angela Merkel said the currency was "too weak," while the pound sagged against the yen after a blast at a concert in Britain's city of Manchester killed at least 19 people. Police said they were...

  • *Defense stocks lift Wall Street on U.S.-Saudi arms deal. The euro hit a more than six-month high after German Chancellor Angela Merkel said it was "too weak" because of the European Central Bank's ultra-low interest rates and money printing program. The dollar last week notched its largest weekly drop since April 2016 on concerns that turmoil in Washington...

  • NEW YORK, May 22- The dollar fell to a more than six-month low against a basket of currencies on Monday, extending its losses from last week, as an uncertain U.S. political climate and a buoyant euro weighed on the greenback. It fell to a low of 96.797, its lowest since Nov. 9, earlier in the session. "I think it is a continuation of the move we have seen since mid-April," said...

  • *Brent crude top $54 per barrel on OPEC hopes. NEW YORK, May 22- The euro surged to a more than six-month high on Monday after German Chancellor Angela Merkel said it was "too weak," while oil prices were bolstered by expectations that top exporters will extend supply curbs this week. A one-month high for oil futures on hopes of a supply cut by the Organization of the...

  • NEW YORK, May 22- The dollar slipped to a more than six-month low against a basket of currencies on Monday, extending its losses from last week, as an uncertain U.S. political climate continues to weigh on the greenback. It fell to a low of 96.797, its lowest since Nov. 9, earlier in the session. "I think it is a continuation of the move we have seen since mid-April," said Omer...

  • President Donald Trump's alleged links to Russia and his firing of former FBI chief James Comey raised concerns about his ability to push through promised fiscal stimulus. U.S. stocks gained on Monday, but yields edged lower and the dollar plunged to a six-month low when the euro rallied after German Chancellor Angela Merkel said it was "too weak" for Germany.

  • KAMENZ, Germany, May 22- Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive. While Germany's automakers are ramping up production of electric cars, most batteries they use are made...

  • KAMENZ, Germany, May 22- Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive. While Germany's automakers are ramping up production of electric cars, most batteries they use are made...

  • KAMENZ, Germany, May 22- Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive. While Germany's automakers are ramping up production of electric cars, most batteries they use are made...

  • KAMENZ, Germany, May 22- Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive. While Germany's automakers are ramping up production of electric cars, most batteries they use are made...

  • LONDON, May 22- The euro hit a more than six-month high against the dollar on Monday after Germany's Angela Merkel prefaced a summit of G7 leaders later this week by saying a "too weak" currency was behind her country's massive trade surplus. Speaking to students at a secondary school in Berlin, Merkel said that Germany's huge export earnings were propelled by two...

  • LONDON, May 22- The euro hit a more than six-month high against the dollar on Monday after Germany's Angela Merkel prefaced a summit of G7 leaders later this week by saying a "too weak" currency was behind her country's massive trade surplus. Speaking to students at a secondary school in Berlin, Merkel said that Germany's huge export earnings were propelled by two...

  • LONDON, May 22- The euro hit a more than six-month high against the dollar on Monday after Germany's Angela Merkel prefaced a summit of G7 leaders later this week by saying a "too weak" currency was behind her country's massive trade surplus. Speaking to students at a secondary school in Berlin, Merkel said that Germany's huge export earnings were propelled by two...

  • LONDON, May 22- The euro hit a more than six-month high against the dollar on Monday after Germany's Angela Merkel prefaced a summit of G7 leaders later this week by saying a "too weak" currency was behind her country's massive trade surplus. Speaking to students at a secondary school in Berlin, Merkel said that Germany's huge export earnings were propelled by two...

  • *Oil top $54 per barrel on OPEC hopes. LONDON, May 22- The euro surged to a six-month high on Monday after Angela Merkel said it was "too weak" for Germany, though rumblings in Spain, Britain and Brussels reminded investors that Europe still has plenty of uncertainties to deal with. A one-month high for oil on hopes of OPEC output curbs had helped give Asian shares their...

  • BERLIN, May 22- The euro is "too weak" due to the European Central Bank's monetary policy, German Chancellor Angela Merkel said on Monday, pointing out that this helped explain Germany's relatively high trade surplus. Turning to France, Merkel said the German government must help new French President Emmanuel Macron to succeed, saying she hoped Macron manages to...

  • LONDON, May 22- The euro surged in morning trade in Europe on Monday after German leader Angela Merkel pointed to a weak euro and extremely loose monetary policy as causes of Germany's large trade surplus. The comments played into market speculation that German officials at the European Central Bank may push hard for a tightening of its monetary policy...

  • PARIS— Tensions are mounting between French far-right leader Marine Le Pen and her National Front party's No. 2 figure over whether the party should abandon its push to quit the shared euro currency. Le Pen, who lost France's presidential runoff earlier this month to Emmanuel Macron, acknowledged Monday that leaving the euro worries many French.