Europe: Economy


  • *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.

  • For US and Europe, divisions over Russia penalties Thursday, 17 Jul 2014 | 12:24 AM ET

    WASHINGTON— The United States and Europe are seeking to maintain a united front against Russia with coordinated announcements of new economic sanctions, but divisions persist over how aggressive the West should be in punishing Moscow for its threatening moves in Ukraine.

  • Business Highlights Wednesday, 16 Jul 2014 | 5:50 PM ET

    Rejected Fox bid for Time Warner shows growth mood. NEW YORK— In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.

  • *Gold rises after biggest two-day loss since October. *Gold fix moved to electronic platform possible. NEW YORK/ LONDON, July 16- Gold rebounded on Wednesday after two consecutive days of sharp losses, but a strong U.S. economic outlook and fears that the Federal Reserve could raise U.S. interest rates limited gains for the safe haven.

  • Treasury yields and market speculation Federal Reserve Chair Janet Yellen is leaning toward tightening monetary policy that has kept interest rates at record lows. "We have had some subtly hawkish messages from Janet Yellen," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.

  • UK employment rate matches record high Wednesday, 16 Jul 2014 | 6:53 AM ET

    LONDON— The proportion of workers in Britain has hit its joint-highest level since records began more than 40 years ago, official figures showed Wednesday in a further sign of the strength of the U.K. economic recovery.

  • Euro healing, but still distant No. 2 to US dollar Wednesday, 16 Jul 2014 | 6:30 AM ET

    FRANKFURT, Germany— International investors are recovering their appetite for euros as the shared currency recovers from a debt crisis that threatened to break it up.

  • LONDON, July 16- British workers' earnings grew at the slowest rate on record in the three months to May, one gauge showed, even as unemployment fell further, giving the Bank of England pause for thought as it prepares to start raising interest rates.

  • China growth pickup reassuring but no game changer Wednesday, 16 Jul 2014 | 4:08 AM ET

    A pickup in China's growth has fortified confidence the world's second-biggest economy will avoid a precipitous slowdown as the past decade's explosive growth decelerates to the 7 percent range. China's economic transformation since the 1980 s has relied heavily on industrial investment and exports but those engines have run out of momentum.

  • Oil price rises on inventory draw, China growth Wednesday, 16 Jul 2014 | 3:53 AM ET

    By early afternoon in Europe, benchmark U.S. crude for August delivery was up 87 cents at $100.83 a barrel in electronic trading on the New York Mercantile Exchange. Prices have fallen in recent weeks as Libya neared an increase in production and after worries about supply disruptions from Iraq faded.

  • China growth edges up in possible sign of recovery Wednesday, 16 Jul 2014 | 3:41 AM ET

    BEIJING— China's economic growth edged up in the latest quarter and more than 7 million new jobs were created in the first half of the year, easing pressure on communist leaders as they try to prevent a precipitous slowdown in the world's second-largest economy.

  • Asian stock markets make mild gains Wednesday, 16 Jul 2014 | 3:00 AM ET

    TOKYO— Asian stock markets were lukewarm Wednesday after China met expectations of solid but unspectacular growth in the second quarter. Other Asian stock markets were mostly higher, including shares in Singapore, Indonesia and Thailand.

  • US preparing unilateral sanctions on Russia Wednesday, 16 Jul 2014 | 12:36 AM ET

    WASHINGTON— Struggling to defuse the persistent crisis in Ukraine, both the U.S. and European Union imposed new economic sanctions on Russia Wednesday, with President Barack Obama declaring that Russian leaders must see that their actions supporting rebels "have consequences."

  • *China Q2 GDP grows 7.5 pct on year. SYDNEY, July 16- A slight pick up in the pace of China's economic growth in the second quarter brightened the outlook for metals demand on Wednesday, helping drive Shanghai zinc and London aluminium near their highest in more than a year.

  • China growth edges up in possible sign of recovery Tuesday, 15 Jul 2014 | 10:10 PM ET

    BEIJING— China's economic growth edged up in the latest quarter and more than 7 million new jobs were created in the first half of the year, easing pressure on communist leaders as they try to prevent a precipitous slowdown in the world's second-largest economy.

  • DIARY - Top Economic Events to July 30 Tuesday, 15 Jul 2014 | 8:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen delivers a second day of testimony on the U.S. central bank's semiannual monetary policy report before the House Financial Services Committee- 1400 GMT.

  • World oil prices have rapidly erased a geopolitical risk premium that had been pushing prices up since April, and selling has accelerated in recent days as traders shift their focus from violence in Iraq and Libya to weak global fundamentals.

  • TV channel vows to stay in Hungary despite ad tax Tuesday, 15 Jul 2014 | 10:26 AM ET

    BUDAPEST, Hungary— The head of Hungary's largest broadcaster said Tuesday the company wants to remain in the country despite being seen as the main target of a new tax on advertising revenues.

Contact Europe: Economy


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