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Europe: Economy

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  • That is the question investors are asking as Wall Street heads into 2015.. Wall Street strategists, who typically are bullish on the U.S. stock market, expect the advance to continue into 2015.. 2014 has been an above average year for stocks, but Wall Street forecasters expect more a more modest year for the market next year.

  • FOREX -Dollar gains in light, post-Christmas trading Friday, 26 Dec 2014 | 10:09 AM ET

    *Japan inflation slows, highlights BOJ's struggles. There's going to be a dip-buying mentality "said Rob Zukowski, senior technical analyst at 4 Cast Ltd. based in New York. Data on Tuesday that showed the U.S. economy growing at its fastest quarterly pace in 11 years underscored the divergence in paths between the world's largest economy and those of Japan and...

  • Spain premier announces modest minimum wage raise Friday, 26 Dec 2014 | 8:54 AM ET

    MADRID— Spain's prime minister has announced minimal increases to the minimum wage and for government-funded pensions and predicted the nation's economy will "take off" in 2015 following years of crushing financial pain. Mariano Rajoy says the monthly minimum wage will rise 0.5 percent to 649 euros and that monthly pension payments will increase 0.25...

  • *Japan inflation slows, highlights BOJ's struggles. Market participants expected it would still take a bit of time for business to resume in full swing, with key markets in the region such Australia, Hong Kong and Singapore closed on Friday. There is no change to our view that the yen will continue to weaken as the recovery in U.S. economic fundamentals, which is at...

  • Shares mostly higher in quiet holiday trading Thursday, 25 Dec 2014 | 10:19 PM ET

    Japan's benchmark edged lower after the government reported lackluster inflation, industrial production and household spending for November. KEEPING SCORE: Japan's Nikkei 225 stock index slipped 0.2 percent to 17,779.18 and Singapore's Straits Times index edged 0.1 percent lower to 3,342.20. JAPAN DATA: Japan's inflation rate eased slightly in...

  • *Japan inflation slows, highlights BOJ's struggles. Market participants expected it would still take a bit of time for business to resume in full swing, with key markets in the region such Australia, Hong Kong and Singapore closed on Friday. There is no change to our view that the yen will continue to weaken as the recovery in U.S. economic fundamentals, which is at...

  • KIEV, Dec 25- Ukraine's parliament gave preliminary approval on Thursday to a law that would simplify tax legislation and impose additional duties on imports, in an effort to raise revenue amid economic crisis. Ukraine's foreign currency reserves have more than halved since the start of the year to a 10- year low, due to gas debt repayments to Russia and efforts...

  • Russia's Putin scraps New Year's holidays for ministers Thursday, 25 Dec 2014 | 7:24 AM ET

    MOSCOW— Russian President Vladimir Putin on Thursday scrapped New Year's holidays for government ministers because of the unfolding economic crisis. Russian company employees throughout the country are entitled to holiday from Jan. 1 to Jan. 12 when Russians celebrate the New Year, the main holiday in Russia, as well as Orthodox Christmas on Jan. 7.

  • How Russia plans to help firms with foreign debts Wednesday, 24 Dec 2014 | 11:13 AM ET
    Military vehicles drive past St. Basil’s Cathedral during a rehearsal for the anniversary of a historical World War II parade in Moscow’s Red Square, Nov. 1, 2014.

    The Russian Central Bank said it will offer dollar and euro loans to banks that put foreign-currency loans to major exporters up as collateral.

  • Cramer: Why market gets better from here  Wednesday, 24 Dec 2014 | 9:04 AM ET

    Is this as good as it gets? CNBC's Jim Cramer explains why he believes the stock market goes higher from here.

  • Russia in offer to help firms with foreign debts Wednesday, 24 Dec 2014 | 5:04 AM ET

    MOSCOW— With inflation showing clear signs of picking up, Russia's central bank said Wednesday it will look to help companies with their foreign debts— a move it hopes will ease the pressure on the national currency. Following on from other measures to stabilize the ruble, such as a big increase in its key interest rate to 17 percent, the Central Bank said it will...

  • US stocks eke out gains in abbreviated trading day Wednesday, 24 Dec 2014 | 12:52 AM ET

    Investors welcomed Labor Department data showing that applications for unemployment benefits fell last week to the lowest level in seven weeks. The news came a day after the Commerce Department estimated that the economy grew in the July-September quarter at the fastest pace in 11 years. "We're still giddy after yesterday's GDP," said Chris Gaffney, a senior...

  • How other economies are struggling as US shines Tuesday, 23 Dec 2014 | 2:57 PM ET

    WASHINGTON— While the U.S. economy grew from July through September at the fastest pace in more than a decade, most other major economies have been struggling. Europe is straining just to grow. Russia foresees a recession next year.

  • Europe shares ends higher after Dow hits 18,000  Tuesday, 23 Dec 2014 | 11:30 AM ET

    European shares closed higher on Tuesday, with an upward revision to U.S. GDP data and record gains on Wall Street boosting sentiment.

  • Crude markets were also supported by expectations for lower U.S. inventories in preliminary data for the week to Dec. 19 due from the American Petroleum Institute. The Commerce Department earlier Tuesday revised up its estimate of U.S. gross domestic product growth in the third quarter to a 5.0 percent annual pace, citing stronger consumer and business...

  • Russia, 4-ex-Soviet nations finalize new alliance Tuesday, 23 Dec 2014 | 9:48 AM ET

    The Eurasian Economic Union, which includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, comes to existence on Jan. 1. Russia then annexed Ukraine's Black Sea Crimean Peninsula, and a pro- Russia mutiny has engulfed eastern Ukraine. Belarus, sandwiched between Russia and European Union members Poland and Lithuania, has profited handsomely from Moscow's...

  • US economy accelerates and helps lift Dow to 18K Tuesday, 23 Dec 2014 | 8:36 AM ET

    WASHINGTON— A surge in U.S. economic growth lifted stocks Tuesday to record highs and showed that the United States is putting distance between itself and struggling economies around the world. Fueled by hiring gains, cheaper gas and rising confidence, consumers and businesses drove growth to a sizzling 5 percent annual rate last quarter.

  • KIEV, Dec 23- Ukraine's Finance Minister forecast the economy will shrink by 4.3 percent next year and warned of the huge challenge of getting state finances in order, as she presented a draft budget to parliament on Tuesday. "A difficult year awaits us," Yaresko told deputies, who are under pressure to approve a budget as soon as possible in order to get the next...

  • LONDON, Dec 23- Britain's economy relied more heavily on spending by households for growth in the third quarter despite a fall in take-home incomes, underscoring the challenges of getting the recovery onto a sounder footing. In another disappointing sign for policymakers, business investment was weaker than in an earlier reading of how Britain's economy...

  • As recession looms, Russia acts to support ruble Tuesday, 23 Dec 2014 | 7:37 AM ET

    MOSCOW— With its economy spiraling toward recession following Western sanctions and a dramatic fall in the price of oil, Russia took another step Tuesday to shore up the value of the ruble, which has been one of the world's worst-performing currencies this year. Russia's energy-dependent economy has suffered a severe economic shock over the past few months,...

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