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Europe: Economy

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  • Anders Aslund, Senior Fellow at the Peterson Institute for International Economics, says sanctions on Russia should be targeted in technology and finance.

  • LISBON, July 21- Portugal's president warned on Monday that fallout from the financial troubles of the founding family of Banco Espirito Santo could affect the wider economy, while the bank said it was appointing a special financial advisor to help boost its capital structure.

  • *Sees 3rd- qtr profit of $1.46- $1.54/ shr vs est $1.45. July 21- Staffing company ManpowerGroup Inc said its weak performance in France dragged on the company's revenue in the second quarter, sending its shares down as much as 5 percent.

  • How the 'Teflon euro' has stayed resilient Monday, 21 Jul 2014 | 11:34 AM ET
    Mario Draghi

    The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.

  • *Economists say Germany's fundamentals still solid. BERLIN/ FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.

  • *Economists say Germany's fundamentals still solid. FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.

  • *Sees 3rd- qtr profit of $1.46- $1.54/ shr vs est $1.45. July 21- Staffing company ManpowerGroup Inc reported better-than-expected second-quarter results and forecast third-quarter profit above analysts' expectations, helped by a pick up in hiring in Europe.

  • July 21- Staffing company ManpowerGroup Inc reported a 5.6 percent rise in quarterly revenue, helped by a recovery in hiring in Europe. The company's revenue increased to $5.32 billion, with revenue from Europe rising 9 percent to $3.50 billion.

  • The loss of momentum in Germany, Europe's biggest economy, will concern policymakers who are watching for any impact on the bloc from the Ukraine crisis and Israel's ground offensive in Gaza. Economists polled by Reuters earlier this month expected second-quarter growth of 0.2 percent in Germany, followed by 0.5 percent in each of the following five quarters.

  • Private jet recovery from recession an uneven ride Sunday, 20 Jul 2014 | 8:56 AM ET

    HARTFORD, Connecticut— Private jet sales are rising again, climbing out of a deep recession when the company plane was an easy target for spending cuts. The chief executive of General Dynamics Corp., maker of Gulfstream jets, says corporate customers are back and wealth creation is bringing out shoppers for private jets.

  • MADRID, July 18- European Central Bank policymaker Jens Weidmann said on Friday that loose monetary policy had "done its bit" to maintain price stability in the euro zone, but cited a litany of long-term dangers from easy money.

  • KIEV, July 18- The International Monetary Fund expects to decide within weeks on issuing the second tranche of a $17- billion bailout to Ukraine, whose economy is likely to contract by 6.5 percent this year, its Kiev mission chief said on Friday.

  • *Ecuador joins Colombia, Peru in group with EU trade deals. BRUSSELS/ QUITO July 17- Ecuador sealed a free-trade deal with the European Union on Thursday, giving the Andean nation greater access to the EU's 500 million consumers and offering the EU's fragile economy another market for its cars, whisky and luxury goods.

  • Business events scheduled for the coming week Thursday, 17 Jul 2014 | 1:53 PM ET

    WASHINGTON— Labor Department releases Consumer Price Index for June, 8:30 a.m.; National Association of Realtors releases existing home sales for June, 10 a.m.. GENEVA— Credit Suisse, the second-largest bank in Switzerland behind UBS, reports its second quarter results before the opening of trading in Zurich.

  • July 17- There is little chance of a significant rebound in the euro zone economy in the next two years as low inflation and high unemployment keeps the currency bloc lagging behind its peers, a Reuters poll found on Thursday.

  • *U.S., Britain to outperform peers in industrialised world. July 17- Global growth prospects have dimmed slightly, with the United States and Britain leading industrialised economies that are not generating much inflation even after years of aggressive monetary stimulus, Reuters polls found.

  • BRUSSELS, July 17- Euro zone countries must beware of bending budget rules in the quest for economic growth, the EU's new economics czar said on Thursday, suggesting some proposals from France and Italy sought too much leeway.

  • *Rate cut is in line with market consensus. ISTANBUL, July 17- Turkey's central bank trimmed its main interest rate for a third consecutive month on Thursday but resisted the deep cuts sought by Prime Minister Tayyip Erdogan weeks ahead of a presidential election.

  • Markets roiled by fresh US sanctions on Russia Thursday, 17 Jul 2014 | 4:03 AM ET

    The strong performance of Wall Street indexes is at odds with the modest growth prospects of the U.S. economy and the same contradiction also prevails in Europe and parts of Asia. In early European trading, Britain's FTSE 100 was down 0.4 percent to 6,759.68 and France's CAC 40 dipped 0.5 percent to 4,349.28.

  • After hybrid success, Toyota gambles on fuel cell Thursday, 17 Jul 2014 | 2:29 AM ET

    TOKYO— Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker.

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