Archive Europe: Economy

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  • MADRID— Spain's unemployment rate edged up to 21 percent in the first quarter from 20.9 percent the previous quarter— negative economic news as the country looks headed toward its second general election in six months. The release comes as Spain heads almost certainly toward fresh elections June 26 as the May 2 deadline for a new government to be in place...

  • EASTERN DESERT, Egypt— Off the off-road tracks deep in Egypt's eastern desert, prospectors are ramping up the hunt for the treasure once revered by the Pharaohs as the "skin of the gods"— gold. Essential for ancient artifacts like the famed burial mask of Tutankhamun and still highly desired in Middle Eastern culture today, gold has been mined in Egypt for millennia.

  • European stocks fall at open after Fed, BOJ decisions

    European stocks opened lower on Thursday as markets digest the latest central bank decisions from the U.S. Federal Reserve and Bank of Japan.

  • WASHINGTON— When the Federal Reserve chose Wednesday not to raise its key interest rate, it nevertheless made clear that its next move will be another increase. Some economists think it may not be until the second half of the year before the Fed raises rates again, in part to avoid departing too far from the policies of the Bank of Japan and the European Central Bank.

  • Head for the Alpine delights of Switzerland to enjoy its trademark chocolate and cuckoo clocks – and Europe's highest standard of living.

  • WASHINGTON— When the Federal Reserve left its key interest rate steady Wednesday, it offered no clues to when it might act again yet made clear that it's edging toward raising rates again eventually. The European Central Bank and the Bank of Japan, for example, have loosened their interest-rate policies in recent months to try to stimulate growth.

  • WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Commerce Department releases first-quarter gross domestic product, 8:30 a.m.. BERLIN— Germany's Federal Labor Agency releases April unemployment figures for Europe's biggest economy.

  • Mario Draghi

    Draghi's appearance at Germany's Bundestag come at a time as tensions between the ECB and Germany have risen sharply.

  • ATHENS/ BRUSSELS, April 27- Greece accused the International Monetary Fund on Wednesday of undermining negotiations over the release of more bailout funds needed in the next few weeks to repay debt. At issue is what measures Athens would take if it fails to reach fiscal targets by 2018. Athens argues that its constitution precludes legislation on a...

  • Angel Gurria, secretary general of the Organisation for Economic Co-operation and Development, said Britain outside the EU would face less access to the bloc's single market, lower investment and companies moving abroad. The global economic policy body warned of further strains on Britain's wide current account gap and a weaker pound, and Gurria accused the "...

  • LONDON/ MILAN, April 27 (Reuters)- European shares edged higher on Wednesday helped by gains among utilities and energy stocks, while Greek equities lost ground after euro zone officials delayed a meeting on the country's bailout. Greece's benchmark ATG equity index fell 2.8 percent, making it the worst-performing market in the region. Utilities were also...

  • The silhouette of Tim Cook, chief executive officer of Apple Inc.

    Our live blog tracked market reaction as a post-earnings slump in the value of Apple dragged on U.S. indices.

  • LONDON, April 27- Memories of the rout in German bonds a year ago may help investors avoid similar losses if euro zone data on Friday again suggests the bloc has shaken off the threat of deflation. Yields on the euro zone's top-rated bonds have approached but failed to break below zero, while economists are forecasting negative inflation even though oil prices...

  • BERLIN, April 27- More talks on experts level are needed on the Greek bailout programme before euro zone finance minister can meet again to discuss Athens' progress, a spokeswoman for German Finance Minister Wolfgang Schaeuble said on Wednesday. "It seems as if there is the need for more talks," spokeswoman Friederike von Tiesenhausen said during a government...

  • BERLIN, April 27- German Finance Minister Wolfgang Schaeuble said on Wednesday that the Eurogroup of euro zone finance ministers was in charge of reviewing the Greek bailout programme and Athens' progress in implementing agreed reforms. A Greek government source said on Tuesday that Prime Minister Alexis Tsipras planned to contact European Council...

  • LONDON, April 27 (Reuters)- European shares were little changed on Wednesday amid a mixed set of corporate earnings, while the Greek market underperformed after euro zone officials delayed a meeting on the country's bailout. Greece's benchmark ATG equity index fell 3.7 percent, making it the worst-performing market in the region. The Athens market fell after...

  • Quitting the European Union would be a “tax” on the U.K. economy, the Organisation for Economic Co-operation and Development warned on Wednesday.

  • BERLIN— Germany's auto industry risks being overtaken by foreign competitors unless it receives greater domestic support, the country's economy minister said Wednesday, announcing a 1 billion euro plan to subsidize electric cars that are seen as the technology of the future. Electric vehicles have had a sluggish start in Germany, the country where the...

  • LONDON— The head of the global economic forum OECD warned Britain that leaving the European Union would be tantamount to taxing its citizens— another in a growing cavalcade of cautionary advice ahead of a June 23 referendum on membership in the 28- nation bloc. The warning by Angel Gurria, the secretary-general of the Organization for Economic Co-operation...

  • LONDON, April 27- European stocks slipped on Wednesday, weighed down by some weak corporate earnings, while the Greek market underperformed after euro zone officials delayed a meeting on the country's bailout. Greece's benchmark ATG equity index fell 4 percent, making it the worst-performing market in the region. The Athens market fell following the...

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