Archive Europe: Economy

  • SINGAPORE— French President Francois Hollande said Monday that European countries can fight protectionism in trade and other forms by standing united and reaching out to Asia. Speaking at a lecture in Singapore, where he is on a two-day state visit, Hollande singled out the government of President Donald Trump. In March, the world's top economic powers dropped...

  • Our live blog is tracking reactions as investors sell down risk assets including miners as commodities come under pressure.

  • LONDON, March 27- Emerging equities were pressured on Monday by growing concern for so-called Trumpflation trades, although the dollar's retreat to four-month lows allowed currencies such as the rand and rupee to scale multi-month highs. "A lot now comes down to China and if they can take over the leadership of the global reflation trade." The currency also...

  • BERLIN— A closely watched survey shows that business confidence in Germany, Europe's biggest economy, has unexpectedly risen to a six-year high. The Ifo institute said Monday that its monthly confidence index rose to 112.3 points in March from 111.1 last month. The Ifo institute, which surveys some 7,000 companies for its monthly index, said the survey hit its...

  • PARIS— French Guiana is facing a nationwide strike Monday over crime and economic difficulties, amid protests that have paralyzed the French territory in South America, halted flights and a rocket launch and prompted a U.S. travel warning. The unrest is a reminder of the deep economic, social and racial divides between France's mainland and former colonies...

  • British Prime Minister Theresa May and German Chancellor Angela Merkel attend the EU summit in Brussels, Belgium, March 9, 2017.

    Britain’s exit from the European Union means that one of the biggest economies will stop making contributions to the bloc’s budget.

  • WASHINGTON— Ivanka Trump is planning a trip to Germany to attend a summit on the economic empowerment of women, a senior administration official said Sunday. The first daughter was invited by German Chancellor Angela Merkel during Merkel's recent White House visit, said the official, who was not authorized to discuss details of the trip by name and requested...

  • French presidential candidate Marine Le Pen sought to reassure voters concerned over her plans to withdraw the country from the euro zone.

  • Leader of the Bulgarian Socialist party Kornelia Ninova casts her ballot at a polling station in Sofia on March 26, 2017, during the country's parliamentary election.

    Bulgarians began voting in a snap general election on Sunday with the centre-right GERB party challenged for power by Socialists.

  • WASHINGTON— President Donald Trump thought he had a deal. He'd been greeted with a standing ovation— one of his favorite measures of success— when he entered the Roosevelt Room on Thursday to meet with members of the hard-line House Freedom Caucus. Paul Gosar, R- Ariz., said of the president's message to lawmakers.

  • BRUSSELS, March 24- The European Commission President Jean-Claude Juncker said on Friday euro zone lenders and Greece should reach a technical deal before a meeting of euro zone finance ministers on April 7. The IMF is pushing Greece to adopt such reforms as a condition to join an 86 billion euro bailout programme, so far funded only by euro zone creditors.

  • MOSCOW, March 24- Russia's central bank trimmed its main lending rate on Friday and said there could now be gradual easing as inflation eases down to new post-Soviet lows. "We could have pauses, though we really see a trend towards easing, towards lowering the rate in the medium term," Central Bank Governor Elvira Nabiullina said. The bank is focused on bringing...

  • BRUSSELS, March 24- The European Commission President Jean-Claude Claude said on Friday euro zone lenders and Greece should reach a technical deal before a meeting of euro zone finance ministers on April 7. The IMF is pushing Greece to adopt such reforms as a condition to join an 86 billion euro bailout programme, so far funded only by euro zone creditors.

  • *Greece estimates it at 3.5 pct, higher than 0.5 pct target. BRUSSELS, March 24- Euro zone lenders estimate Greece had a primary surplus between 2 and 3 percent of its gross domestic product last year, much higher than the target set under its bailout programme and more than previously forecast, an EU official told Reuters on Friday. Under Greece's 86 billion euro...

  • The U.S. must think twice before pulling funding from the United Nations and making it irrelevant, the EU ambassador to the UN has said.

  • LISBON, Portugal— Portugal's statistics agency says that the country's budget deficit fell to 2.1 percent last year, with the government saying the drop proved critics of its anti-austerity measures wrong. The National Statistics Institute said Friday the deficit dropped from 4.4 percent in 2015 due to spending cuts and higher tax revenue.

  • LISBON, March 24- Portugal slashed its budget deficit last year by more than half to 2.1 percent of gross domestic product, the lowest level since its return to democracy in 1974 and beating the 2.5 percent target agreed with Brussels. Official data showed on Friday the budget gap ended for the first time below the European Union's 3 percent threshold,...

  • EU leaders are gathering in Rome on Saturday to celebrate the 60th birthday of the world's largest political and economic bloc.

  • President Donald Trump greets reporters as he arrives to meet with congressional Republicans at the U.S. Capitol in Washington, U.S. March 21, 2017.

    Our live blog tracked President Trump's health-care bill that is scheduled for a make-or-break vote on Friday.

  • NEW YORK— U.S. stocks gave back much of an early gain but were mostly higher Friday afternoon as investors bid up technology and consumer-focused companies. House Republicans say their health care bill does not have enough support to pass in a vote this afternoon, which is casting some doubt on President Donald Trump's business-friendly agenda.

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