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Europe: Economy

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  • LONDON, April 17- The dollar fell against a basket of currencies on Thursday after Federal Reserve chief Janet Yellen reiterated an accommodative monetary policy stance in comments which gave the euro and the yen a lift.

  • China factories face new challenge as growth slows Thursday, 17 Apr 2014 | 4:05 AM ET

    HONG KONG— As China's growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient low cost producer is no longer enough to prosper. Caught in the middle are companies like Linan Meite, which sells shipping-container loads of electronics cable to customers in Europe and North and South America.

  • Yahoo, China news send US stocks higher at midday Wednesday, 16 Apr 2014 | 11:56 AM ET

    Stocks are moving higher for a third day in a row after more U.S. companies report solid earnings and on encouraging news about China's economy. Yahoo rose 6 percent after the Internet pioneer said it was benefiting from its lucrative investments in Asia.

  • April 16- The world economy can expect steady growth at best over the coming year, but any rapid slowdown in China as it tries to rebalance its economy could upset the still-unsteady progress, Reuters polls showed.

  • POLL-German economy to gain momentum this year and next Wednesday, 16 Apr 2014 | 9:20 AM ET

    BERLIN, April 16- Germany is likely to grow nearly five times as fast this year as in 2013 provided there is no major escalation of the standoff between the West and Russia over Ukraine, a Reuters poll found. Economists said the main risk to their predictions was an escalation beyond Ukraine of the current crisis with Russia.

  • UK food banks report ‘shocking’ rise in demand Wednesday, 16 Apr 2014 | 6:55 AM ET
    Cans of food at the Thamesmead food bank in London.

    The number of Britons tapping food banks for emergency provisions nearly tripled in the last 12 months, a charity said on Wednesday.

  • Russian economy hit by Ukraine turmoil Wednesday, 16 Apr 2014 | 6:06 AM ET

    MOSCOW— Russia's economy slowed sharply at the start of the year as the crisis in Ukraine spooked investors into pulling money out of the country. Russian markets have been rattled by the tensions with neighboring Ukraine, where Russia annexed the Black Sea region of Crimea last month. Europe is Russia's largest trading partner.

  • METALS-Copper firms on China GDP data, nickel eases Wednesday, 16 Apr 2014 | 5:43 AM ET

    *Copper up after Tuesday's fall of nearly 2 pct. LONDON, April 16- Copper rose on Wednesday, recouping some of the last session's deep losses, on relief that top consumer China posted slightly higher-than-forecast first quarter growth. Copper is going to be trading range bound essentially, "said Macquarie analyst Vivian Lloyd.

  • Hoeness tax case has Germans dashing to confess Wednesday, 16 Apr 2014 | 5:34 AM ET

    BERLIN— The high-profile tax evasion trial against former Bayern Munich president Uli Hoeness has prompted a surge in the number of Germans turning themselves in to authorities for failing to properly declare their taxes.

  • UK unemployment keeps falling amid recovery Wednesday, 16 Apr 2014 | 5:08 AM ET

    LONDON— Britain's unemployment rate has fallen below 7 percent for the first time in five years, with earnings growth narrowly outstripping inflation for the first time since 2010.. The Office for National Statistics said Wednesday that 2.24 million people were unemployed in the three months to February, a rate of 6.9 percent.

  • UPDATE 1-Brent edges lower towards $109, China data drags Wednesday, 16 Apr 2014 | 2:22 AM ET

    *China Q1 GDP growth at 18- month low of 7.4 percent. *China oil demand slips 0.6 pct in Jan-March. China, the world's second largest economy and oil consumer, said its gross domestic product grew 7.4 percent in the first quarter, the slowest pace in 18 months but slightly ahead of market expectations for a 7.3 percent rise.

  • How will commodities fare in the second half?     Wednesday, 16 Apr 2014 | 12:15 AM ET

    Geoff Lewis, Global Market Strategist at J.P. Morgan Asset Management, says a recovery in the U.S. and Europe can provide stabilization for commodities in the second-quarter.

  • ISTANBUL, April 15- An annual meeting of Turkey's central bank on Thursday will be closely watched for signs that Prime Minister Tayyip Erdogan's government, strongly opposed to high interest rates, is trying to boost its influence over monetary policy.

  • *Analyst sentiment drops on Ukraine worries. BERLIN, April 15- German economic growth will accelerate this year to 1.8 percent and pick up again next year, the economy ministry said on Tuesday, although a closely watched survey showed Ukraine is weighing on the outlook for Europe's largest economy.

  • *Yahoo, Morgan Stanley rise after research notes. NEW YORK, April 15- U.S. stock index futures edged up on Tuesday after earnings from Coca Cola and Johnson& Johnson and ahead of economic data including inflation and manufacturing.

  • Berlusconi given community service for tax fraud Tuesday, 15 Apr 2014 | 6:44 AM ET

    His support is also crucial for a constitutional reform to abolish the Senate sought by Premier Matteo Renzi. He was, however, booted from the Senate and given a two-year ban on running for elected office.

  • German economic confidence slips on Ukraine worry Tuesday, 15 Apr 2014 | 5:38 AM ET

    FRANKFURT, Germany— A key German measure of investor confidence in the economy slipped in April as the conflict in Ukraine created uncertainty about the future. It is the second month the index has fallen because of concern over Ukraine, where Russia has annexed the Crimean Peninsula and is now accused of stirring unrest in the eastern part of the country.

  • BRUSSELS, April 15- The euro zone's trade surplus widened in February from a year earlier on rising exports with imports unchanged, the European Union's statistics office Eurostat said on Tuesday.

  • Asia shares rise, shrug off slower China growth Tuesday, 15 Apr 2014 | 2:54 AM ET

    TOKYO— World stock markets were mostly lower Tuesday as Ukraine tensions continued to bubble and jitters about China's economy resurfaced. Hong Kong's Hang Seng was down 1.6 percent at 22,671.26 as a drop in China's money supply unnerved investors ahead of first quarter economic growth figures due Wednesday.

  • TOKYO, April 15- Nerves got the better of Asian share markets on Tuesday as they turned lower after an upbeat U.S. retail sales report was eclipsed by soft data from China, providing a stark reminder to investors of the headwinds facing the world's second-largest economy.

Contact Europe: Economy

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