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Archive Europe: Economy

  • LONDON, Feb 21- Rebounding euro zone growth data gave investors another reason to sell French bonds on Tuesday as the prospect of the European Central Bank winding down its monetary stimulus combined with nervousness ahead of the French presidential elections. "It seems that, more and more, investors just want to get out of French bonds and are trying to take...

  • *Support near $1,221/ oz, the 21- day moving average. LONDON, Feb 21- Gold prices fell on Tuesday as renewed expectations of an increase in U.S. interest rates next month pushed the dollar higher, although political and economic uncertainties in Europe and the United States supported investor sentiment. "Gold is capped by the likelihood that U.S. monetary policy...

  • UK lawmakers have approved an initiative which allows the freezing of U.K. assets of alleged human rights violators.

  • DUBAI, Feb 21- Consumer price deflation hit Saudi Arabia in January for the first time in over a decade, official data showed on Tuesday, but plans for increased state revenues mean prices are unlikely to continue falling for more than a few months. Prices fell 0.4 percent from a year earlier last month, their first drop since the early 2000 s, and decreased 0.2...

  • DUBLIN— Statisticians say the number of people in Ireland with a full-time job has topped 2 million for the first time since the country's property-driven economy suffered a calamitous crash in 2008.. Tuesday's figures from the Central Statistics Office say unemployment has fallen to 6.8 percent, an 8 ½- year low, while the number of people with full-time...

  • Pedestrians walk outside the New York Stock Exchange.

    Our live blog tracked reaction as Wall Street stocks traded at record highs, driven by Q4 corporate earnings

  • Steve Bannon, chief strategist for President Donald Trump

    In the week before U.S. Vice President Mike Pence visited Brussels, White House chief strategist Steve Bannon met with a German diplomat and delivered a different message.

  • Germany's stocks should be a safe haven within the euro zone amidst forthcoming political uncertainty, according to JPMorgan strategists.

  • ATHENS, Greece— Greece's government has called on Germany to drop what it described as "irrational" budget demands in the country's bailout program, a day after Greece and its European creditors agreed to resume talks on new reforms. He called on Germany to drop its demands that Greece post a 3.5 percent primary surplus— the budget balance minus debt interest...

  • Europe's benchmark index of 300 leading shares rose 0.3 percent to 1,468 points, led by purchasing manager index reports that showed the euro zone economy expanding much faster and more smoothly than expected. Growth in Germany's private sector reached its highest level in nearly three years, while French business activity surged to near a six-year high.

  • Bernard Arnault, CEO of the luxury goods maker LVMH.

    LVMH's Arnault sees victory for Emmanuel Macron or Francois Fillon in the French presidential elections over far-right rival Marine Le Pen.

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • *France catches up with Germany as election approaches. Feb 21- The euro zone's economy improved sharply this month and enjoyed some rare positive news about jobs, with French business activity unexpectedly matching that in big beast Germany just as its presidential race heats up. "With domestic demand strengthening and a weaker euro boosting orders from...

  • BRUSSELS— European Union finance ministers agreed Tuesday to roll out further measures to prevent multinational companies from exploiting differences in tax rates between countries in the 28- country EU and those outside the bloc. At a meeting in Brussels, ministers backed the new rules, which will target various practices whereby large corporations can...

  • *Support near $1,221/ oz, the 21- day moving average. LONDON, Feb 21- Gold fell on Tuesday as reinforced expectations of an increase to U.S. interest rates next month pushed the dollar higher, though political and economic uncertainty in Europe and the United States are likely to offer continued price support. "Gold is capped by the likelihood that U.S. monetary...

  • LONDON, Feb 21- Nigeria's naira currency weakened on Tuesday against the dollar in the non-deliverable forwards market as expectations of a devaluation grew, while the rand slipped too before a key budget speech by the finance minister. The spotlight was on Africa, with most attention focused on the naira after Nigeria's central bank effectively devalued the...

  • LONDON, Feb 21- Rebounding euro zone growth data gave investors another reason to sell French bonds on Tuesday as the prospect of the European Central Bank winding down its monetary stimulus combined with nerves about the country's elections. Short-dated German bond though- in high demand due to a shortage created by the European Central Bank's bond-buying...

Contact Europe: Economy

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