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Europe: Economy

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  • *Traders eye this week's U.S. NEW YORK, July 28- The U.S. dollar traded mostly flat against a basket of major currencies on Monday, halting last week's advance but still hovering near six-month highs as traders awaited a glut of economic data and policy releases.

  • IMF says UK interest rates should stay low for now Monday, 28 Jul 2014 | 10:00 AM ET

    LONDON, July 28- The Bank of England won backing from the International Monetary Fund on Monday for keeping interest rates low, even as the IMF welcomed signs that Britain's surprisingly strong economic recovery is broadening.

  • Russia ordered to pay $50B over Yukos Monday, 28 Jul 2014 | 4:32 AM ET

    LONDON— An international court on Monday ordered Russia to pay over $50 billion in compensation to the former majority shareholder of now-defunct Russian oil company Yukos over the expropriation of the company more than 10 years ago.

  • DONETSK/ KIEV, July 28- After pro-Russian rebels took 720 kg of explosives, 360 detonators and almost 1 km of wiring, the Skochinskiy coal mine, an ageing stalwart of the economy in Ukraine's Donbass region, was put out of action.

  • Benedetto Della Vedova, Undersecretary of State at Ministry of Foreign Affairs, Italy, says tougher sanctions on Russia won't affect the Italian economy.

  • Stocks pause as traders await key economic news Monday, 28 Jul 2014 | 12:05 AM ET

    Family Dollar rose the most in the Standard& Poor's 500 index— with a 25 percent gain— after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar's stock surged $15.08 to $75.74. Trulia jumped on news that Zillow, a rival real-estate listing service, was buying it for $3.5 billion.

  • *Economic sanctions loom for Russia. FRANKFURT, July 27- With the prospect of stiffer sanctions against Russia rattling confidence in Europe, investors will be looking to the United States and China to underpin the global economy.

  • Study: Embargo wouldn't hurt Russia Sunday, 27 Jul 2014 | 3:05 AM ET

    LONDON— An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.

  • WASHINGTON, July 25- The International Monetary Fund urged Ukraine's leaders on Friday to press forward with "steady implementation" of economic reforms agreed with the fund, a day after the prime minister tendered his resignation.

  • Business events scheduled for the coming month Friday, 25 Jul 2014 | 1:50 PM ET

    WASHINGTON— Labor Department releases employment data for July, 8:30 a.m.; Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m..

  • Global tensions don't dent enthusiasm for stocks Friday, 25 Jul 2014 | 11:53 AM ET

    A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. That helped the market overcome its latest dip, on July 17th, when a passenger jet was shot down in eastern Ukraine and Israel invaded the Gaza Strip, raising investor worries that conflicts around the world could escalate and destabilize financial markets.

  • *Russia anticipates more sanctions over Ukraine- analysts. MOSCOW, July 25- The Russian central bank unexpectedly raised interest rates on Friday, apparently preparing for possible further Western sanctions over Ukraine that could speed up capital flight from Moscow's already battered markets.

  • Russian execs fear lasting damage from plane crash Friday, 25 Jul 2014 | 6:36 AM ET

    MOSCOW— Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage.

  • *Lafarge confirms 2014 targets, says forex hit to lessen. PARIS, July 25- Cement maker Lafarge said on Friday it was well on track for its planned merger with Swiss peer Holcim and was seeing the first signs of recovery in Europe. Lafarge shares rose after the group said it was confident of completing its deal with Holcim in the first half of 2015..

  • Russia raises key rate amid Ukraine concerns Friday, 25 Jul 2014 | 6:14 AM ET

    MOSCOW— Russia's central bank has unexpectedly raised its key interest rate in a bid to stem inflation and support the currency as the country faces increasing economic pressure over its policies in Ukraine. The bank said Friday it has lifted its one-week auction rate by 0.5 percentage points to 8 percent.

  • UK economy grows to surpass pre-crisis peak Friday, 25 Jul 2014 | 6:05 AM ET

    LONDON— Britain's economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday. The Office for National Statistics said gross domestic product grew by 0.8 percent in the three months through June compared with the previous quarter.

  • German business confidence drops for 3rd month Friday, 25 Jul 2014 | 4:23 AM ET

    BERLIN— German business confidence fell for a third consecutive month amid ongoing concerns about the economic impact of the crises in Ukraine and the Middle East, though consumer confidence in Europe's largest economy remained robust, surveys showed Friday.

  • *Lafarge confirms 2014 targets, says forex hit to lessen. PARIS, July 25- Cement maker Lafarge, which is preparing to merge with Swiss peer Holcim, stuck to its full-year targets on Friday and said it was seeing the first signs of recovery in Europe.

  • FOREX-Dollar, euro propped up by better economic data Thursday, 24 Jul 2014 | 10:42 PM ET

    *Japan CPI as expected, muted reaction from dollar/yen. TOKYO, July 25- The dollar held gains versus the yen on Friday and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the U.S. and eurozone economies.

  • TOKYO, July 25- The dollar held gains versus the yen on Friday and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the U.S. and eurozone economies.

Contact Europe: Economy

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