Archive Europe: Economy

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  • Law enforcers have successfully taken down an illegal counterfeit operation printing out 100 euro notes in Bulgaria.

  • *UK Brexit vote will also influence Fed June vote. LONDON, April 29- Dallas Federal Reserve President Robert Kaplan said on Friday that he could back a rise in U.S. interest rates as soon as June or July, if U.S. economic data firms up as he expects. "We'll see how the second quarter unfolds but I think the market may well be underestimating how soon we might move next,"...

  • BRUSSELS/ BERLIN, April 29- Overcoming years of poor health and crisis, the euro zone economy grew at its fastest pace in five years in the first quarter, driven by unlikely stars such as France and Spain. Blowing past both the U.S. and British economies, the latter weighed down by uncertainty over possibly leaving the Europe Union, euro zone growth doubled from the...

  • LONDON, April 29- Dallas Federal Reserve President, Robert Kaplan, on Friday pledged to push for gradual increases in the U.S. benchmark interest rate, as long as inflation continues to rise and the U.S. economy remains near full employment. The Fed, which is charged with the twin goals of maximum employment and stable inflation, this week kept interest-rate policy...

  • LISBON, Portugal— Portugal and the rest of the eurozone could breathe a sigh of relief Friday after international ratings agency DBRS said it wasn't lowering Portuguese sovereign debt to junk status— a feared move that likely would have sparked a fresh bout of international jitters about the soundness of the shared currency. Portugal is still recovering from...

  • LONDON— It's been a long and tortuous journey, but the eurozone economy is finally back to the size it was before the global financial crisis. Eurostat, the European Union's statistics agency, said the 19- country currency bloc expanded by a quarterly rate of 0.6 percent in the first three months of the year. It is far higher in the countries that have suffered most...

  • EU data: GDP up, inflation below forecasts

    Danske Bank Markets senior analyst, Pernille Bomholdt Henneberg, looks at the latest data for the euro zone (GDP, inflation, unemployment) for the first quarter, and what this means for the ECB.

  • MADRID— The Spanish economy will grow at an average annual rate of 2.5 percent over the next four years— one of the strongest in the European Union— and will create some 2 million jobs, the country's caretaker government predicted Friday. Presenting the 2016-2019 Stability Program sent to European Union authorities, acting Deputy Prime Minister Soraya Saenz de...

  • We're overweight on US equities: UBS strategist

    Geoffrey Yu, Ultra-high Net Worth Investment strategist with UBS, discusses where to invest in the world economy.

  • European stocks opened lower after declines on Wall Street and the Bank of Japan's (BOJ) decision to stand pat on monetary policy rattled investors.

  • BRUSSELS, April 28- Greece and its international lenders are close to a deal on a package of bailout reforms and are working to agree further contingency steps by May 9 when an extraordinary meeting of euro zone finance ministers will be held in Brussels, EU officials said on Thursday. Talks between Greece and its lenders have almost reached a conclusion on...

  • A view of the acropolis in Athens

    Eurogroup chief Jeroen Dijsselbloem has told Greece that euro zone finance ministers will meet on May 9 to discuss its bailout, an official said.

  • WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.; Commerce Department releases construction spending for March, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Labor Department releases first-quarter productivity data, 8:30 a.m.; Institute for Supply...

  • WASHINGTON— Labor Department releases the first-quarter employment cost index, 8:30 a.m.. WASHINGTON— Commerce Department releases personal income and spending for March, 8:30 a.m.. MADRID— National Statistics Institute releases 1st- quarter economic growth figures.

  • A worker walks in a tunnel in the East Side Access project, one of the largest transportation infrastructure projects currently underway in the United States, in New York City.

    Our live blog is tracked market moves as U.S. GDP hits its slowest pace in two years. This as consumer spending softened.

  • PARIS— Protesters clashed with police in several French cities Thursday over proposed reforms to the country's labor rules and strikers forced cancellations and delays at two major airports serving Paris. Thousands of demonstrators marched in Paris, and violence broke out when several dozen people, many with their faces covered, started throwing objects...

  • Aluminum production

    China's practice of offering subsidies to local aluminum producers is creating an unfair environment for U.S. and European producers

  • LONDON— With a heated debate raging over the merits of the European Central Bank's stimulus measures, it's been easy to overlook the fact that the eurozone economy has been growing steadily for a couple of years now— and looks poised to keep expanding in 2016.. As well as inflation and unemployment figures, the European Union's statistic agency will release a...

  • LONDON, April 28- Britain's economy would be 4 percent larger 10 years after leaving the European Union than if it stayed in due to benefits from lower tariffs for imports from outside the bloc, economists supporting an exit said on Thursday. Ahead of a June 23 EU membership referendum, a range of bodies from the country's finance ministry to the International...

  • BERLIN— Official figures show that Germany's unemployment rate dropped to 6.3 percent in April, a further sign that growth in Europe's largest economy has accelerated in the early part of this year. The Federal Labor Agency said Thursday that the unadjusted jobless rate was down from 6.5 percent the previous month, with 2.74 million people registered as...

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