Archive Europe: Economy

  • DAVOS, Switzerland, Jan 20- Russia's economy could grow by 2 percent in 2017 as long as there are no external shocks such as a renewed fall in oil prices, Economy Minister Maxim Oreshkin said on the sidelines of the World Economic Forum in Davos. Oreshkin said Russia would not abandon a free-floating rouble, which was one of the moves taken by the Russian central bank...

  • Our live blog is tracking reactions as markets across the world remain poised for President-elect Trump's inauguration ceremony.

  • ECB executive board member Benoît Coeuré says the European Union doesn’t need Donald Trump to be strong and united, the EU needs to be united anyway.

  • ECB executive board member Benoît Coeuré says the central bank needs policymakers to get their act together while commenting on political risk.

  • Peter Thiel, co-founder of PayPal and venture capitalist, leaves an elevator at Trump Tower, November 16, 2016 in New York City. President-elect Donald Trump and his transition team are in the process of filling cabinet positions for the new administration.

    Thiel has not confirmed the appointment but, according to the newspaper, the announcement could take place within days.

  • MANILA, Jan 20- London copper futures surrendered early gains to edge lower on Friday as investors exercised caution ahead of U.S. President-elect Donald Trump's inauguration, looking past data that showed China's economy grew slightly faster than expected. Expectations that China will continue to spur economic activity this year should boost demand in...

  • DAVOS, Switzerland, Jan 20- Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines. And while business leaders gathered at the annual World Economic Forum in Davos relish the productivity gains technology can bring, they warned this week that the collateral damage to...

  • *China Q4 GDP grew 6.8 pct, market expected 6.7 pct. MANILA, Jan 20- London copper futures edged higher on Friday after China's economy grew slightly faster than expected in the last quarter of 2016, but caution among investors ahead of U.S. Expectations that China will continue to spur economic activity this year should boost demand in the world's top copper...

  • Jan 19- The billionaire investor George Soros said on Thursday that global markets will falter given the uncertainty of incoming U.S. "Right now uncertainty is at the peak," Soros told Bloomberg News at his annual media dinner held at the World Economic Forum in Davos, Switzerland. Soros, who founded Soros Fund Management LLC and now is chairman of the New York- based...

  • NEW YORK, Jan 19- A month ago, the dollar and stock markets were riding high as investors bet that the Trump administration, together with the Republican-controlled Congress, would usher in an era of lower taxes, more government spending and looser regulations. In the weeks after the Nov. 8 election, Wall Street's major indexes were on a tear. BMO Private Bank's chief...

  • "Right now uncertainty is at the peak, and actually uncertainty is the enemy of long-term investment, so I don't think the markets are going to do very well," Soros told Bloomberg News at his annual media dinner held at the World Economic Forum in Davos, Switzerland. Stocks in the United States shot up after Trump's Nov. 8 election victory, which also gave his...

  • NEW YORK, Jan 19- The dollar rose on Thursday against a basket of currencies even though it fell against the euro, as solid labor and housing data backed the case for strong U.S. economic growth. The euro fell early after a press conference from European Central Bank chief Mario Draghi who pointed to sagging inflation and the need for further monetary policy...

  • Theresa May, U.K. prime minister, speaks during a plenary session at the WEF annual meeting

    Theresa May told CNBC she is a promoter of free trade

  • BRASILIA, Jan 19- Brazil's inflation rate slowed more than expected in mid-January, falling below 6 percent for the first time in nearly three years and reinforcing market bets on steep interest rate cuts by the central bank. "Inflation is slowing down in general, not only at a single group," said Carlos Lopes, an economist with Banco Votorantim.

  • DAVOS, Switzerland, Jan 19- Bank of Japan Governor Haruhiko Kuroda said on Thursday he would closely watch what policies U.S. Speaking to reporters at the World Economic Forum in Davos, Kuroda said tax cuts and infrastructure investment in the United States would boost the growth of the world's largest economy, contributing to the global economy.

  • FRANKFURT, Jan 19- The European Central Bank stuck to its super-easy monetary policy on Thursday, telling those calling for a tightening- like economic powerhouse Germany- to be patient as the bloc slowly regains its economic health. Having already bought 1.5 trillion euros worth of assets and cut rates deep into negative territory, the bank often tests the...

  • DAVOS, Switzerland, Jan 19- Bank of Japan Governor Haruhiko Kuroda said on Thursday he would closely watch what policies U.S. Speaking to reporters at the World Economic Forum in Davos, Kuroda said tax cuts and infrastructure investment in the United States would boost the growth of the world's largest economy, contributing to the global economy.

  • BRASILIA, Jan 19- Brazil's inflation rate slowed more than expected in mid-January, falling below 6 percent for the first time in nearly three years and reinforcing market bets on steep interest rate cuts by the central bank. "Inflation is slowing down in general, not only at a single group," said Carlos Lopes, an economist with Banco Votorantim.

  • LONDON, Jan 19- Gold fell on Thursday as the dollar and U.S. bond yields surged after strong U.S. economic data and support from Federal Reserve Chair Janet Yellen for higher U.S. interest rates. Spot gold fell 0.2 percent to $2,201.76 an ounce by 1609 GMT, having dropped by 1.1 percent in the previous session, its biggest fall since Dec. 15. "It looks like the dollar's...

  • DAVOS, Switzerland— The Latest on the World Economic Forum in Davos, Switzerland:. Roberto Azevedo, director-general of the World Trade Organization, said it's not inevitable that Britain will rejoin the body that oversees global trade soon after it leaves the European Union. Speaking at the World Economic Forum, Azevedo said Britain will remain a member until...

Contact Europe: Economy

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