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Archive Europe: Economy

  • Our live blog is tracking reactions as UK Prime Minister Theresa May prepares to deliver her letter stating Britain's intention to exit the EU.

  • British Prime Minister Theresa May

    Here's what happens in the Brexit process once Article 50 is triggered.

  • The U.K. will trigger Article 50 of the Lisbon Treaty Wednesday, officially beginning its divorce proceedings with the European Union.

  • HONG KONG— Asian stocks were listless Wednesday as investors weighed strong U.S. economic reports against uncertainty as Britain readies a formal request to leave the European Union. KEEPING SCORE: Tokyo's benchmark Nikkei 225 index was less than 0.1 percent lower at 19,194.20 while South Korea's Kospi was flat at 2,163.54. The request will trigger two years...

  • NEW YORK, March 28- The dollar rose on Tuesday, bouncing from 4- month lows, as a top Federal Reserve official reinforced expectations of more U.S. rate hikes to come while political uncertainties surrounding Britain's exit from the EU pressured European currencies. Fed Vice Chairman Stanley Fischer said two more increases of U.S. overnight interest rates this...

  • OSHAWA, Ontario, March 28- Canada's economy has a lot more room to grow, with higher unemployment and more excess capacity than the United States, and if interest rates were raised today Canada would tip into recession, Bank of Canada Governor Stephen Poloz said on Tuesday. In response to a question U.S. rate hikes, Poloz said the two countries share a similar growth...

  • President Donald Trump at the East room of the White House in Washington, U.S. March 24, 2017.

    Our live blog tracked market reaction as US stocks paused for breath and oil regained some ground.

  • A senior state prosecutor filed the charges Tuesday against Artemis Sorras, head of the Convention of Greeks, which urges taxpayers not to settle debts with the government. "I of course will never turn myself in, because I am a true native Greek, and not part of some company that calls itself the Republic of Greece, or Germany or Washington D.C.," he said in the 21- minute...

  • OSHAWA, Ontario, March 28- Canada's economy has a lot more room to grow, with higher unemployment and more excess capacity than the United States, and if interest rates were raised today Canada would tip into recession, Bank of Canada Governor Stephen Poloz said on Tuesday. The Bank of Canada lowered rates twice in 2015 and policymakers have said they don't expect...

  • Banks and other financial companies led U.S. stock indexes sharply higher Tuesday, snapping an eight-day losing streak for the Dow Jones industrial average. The rally was broad, with materials and industrial companies among the biggest gainers. Investor optimism that Congress and the White House are pivoting to tax cuts and other business-friendly policy...

  • Europe could be on track to encounter a shock wave up to five times as turbulent as the start of the euro zone debt crisis if Le Pen wins; UBS.

  • LONDON, March 28- Fast-rising inflation and growing talk of tighter monetary policy from the Bank of England may spell the end of a winning streak for British gilts, among the best performers in major government bond markets this year. Such low yields-- resulting from bond price rises-- for long-dated paper in part reflect doubt about how Britain's economy will...

  • MADRID— Spanish Prime Minister Mariano Rajoy has promised to invest 4.2 billion euros in northwestern Catalonia whose regional government is pushing for independence from Spain mainly because of economic grievances. The Catalan government has long accused Spain of cheating the region economically. It pledges an independence referendum in September,...

  • Equities face a "quite high" risk of correction but it won't derail the bull market, says Goldman Sachs' chief global equities strategist.

  • BRUSSELS— The European Union's top court has ruled that the bloc's economic sanctions on Russian companies over the crisis in Ukraine are valid. Rosneft wants to annul a decision by EU leaders in July 2014 to restrict certain financial transactions and sensitive exports imposed after Russia annexed Ukraine's Crimean Peninsula. The Luxembourg- based ECJ...

  • LAGOS/ LONDON, March 27- Earlier this year, an open letter in the Nigerian media from a group of businessmen attacked the "shameful" record of central bank governor Godwin Emefiele and demanded that he should go. With Africa's largest economy in recession for the first time in 25 years, the letter reflects growing anger directed at Emefiele, whose insistence on...

  • LIBREVILLE/ DAKAR, March 28- Charles Lekabi lived comfortably as a driver for an oil company in Gabon's industrial town of Port Gentil until he was laid off three years ago. In OPEC member Gabon, production is in decline, the recovery is slow and may not come at all. The oil sector has accounted for 80 percent of exports, 45 percent of gross domestic product, and 60...

  • An American tourist stands near the Houses of Parliament the day after the majority of the British public voted to leave the European Union on June 25, 2016 in London, England.

    The U.K. is staring down the barrel of a hard Brexit and that will bring four types of market distress, a portfolio manager said.

  • MORGANTOWN, United States- Federal Reserve Board Governor, Jerome Powell speaks on " America's Central Bank: This History and Structure of the Federal Reserve" before the West Virginia University College of Business and Economics Distinguished Speaker Series 2030 GMT. ONTARIO- Bank of Canada Governor, Stephen Poloz will give speech at Durham College, UOIT and...

  • MORGANTOWN, United States- Federal Reserve Board Governor, Jerome Powell speaks on " America's Central Bank: This History and Structure of the Federal Reserve" before the West Virginia University College of Business and Economics Distinguished Speaker Series 2030 GMT. ONTARIO- Bank of Canada Governor, Stephen Poloz will give speech at Durham College, UOIT and...

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