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Europe: Economy

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  • Fed sees solid US economy, despite new threats Wednesday, 19 Nov 2014 | 2:07 PM ET

    WASHINGTON— Federal Reserve policy-makers discussed a variety of economic threats at their October meeting— from turbulent financial markets to overseas weakness— but decided to move forward with plans to end their landmark bond buying program. Minutes of the Fed's Oct. 28-29 meeting released on Wednesday showed that Fed officials grappled with a number of...

  • GENEVA, Nov 19- Anti-corporate activists declared moral victory over the annual Davos World Economic Forum of global business and political leaders on Wednesday and said they would no longer lobby there after the next meeting in January. To mark their "farewell to Davos", they said in a statement, they would use the Forum from January 21-24 to present a final "award...

  • Italian loans have a demand problem     Wednesday, 19 Nov 2014 | 11:10 AM ET

    Sam Theodore, managing director of financial institutions at Scope Ratings, says that lending is still contracting in Italy because there is a "demand problem".

  • Ireland cleared to pay IMF loans early after Swedish vote Wednesday, 19 Nov 2014 | 10:41 AM ET

    STOCKHOLM, Nov 19- The Swedish parliament on Wednesday said Ireland may pay back part of its bailout loans early to the International Monetary Fund, giving the final EU approval needed for Dublin to begin repayment. Ireland won agreement from Europe to pay the IMF before it repays aid from the European bailout funds and just needed the new Swedish government to...

  • Anti-corporate groups to stop protesting Davos Wednesday, 19 Nov 2014 | 6:01 AM ET

    GENEVA— Two anti-corporate campaign groups said Wednesday that they will stop staging protests at the World Economic Forum because they believe the annual meeting of political and business leaders in Switzerland is no longer relevant. Instead, the groups said they would focus their work on promoting a plan— to be put to referendum in Switzerland— that would...

  • Jyrki Katainen, VP for jobs, growth, investment and competitiveness at the European Commission says that all the EU countries "must follow the rules" on budgets and be treated the same, despite their various sizes.

  • Bank of England remains divided on rate rise Wednesday, 19 Nov 2014 | 4:54 AM ET

    LONDON— Divisions remain at the Bank of England on whether to raise interest rates, with policymakers voting 7-2 at their last meeting to keeping the main rate at a record low 0.5 percent. Minutes released Wednesday from the Nov. 5-6 meeting show that policymakers retained the status quo even as Europe's third-largest economy grows. Ian McCafferty and Martin...

  • German industrial companies 'don't look good'     Wednesday, 19 Nov 2014 | 4:20 AM ET

    Emmanuel Hauptmann, co-manager at RAM Active Investments discusses his current views on Germany's industrial companies, and why he thinks the industries in Scandinavian countries look more "appealing".

  • Germany not in a credit crunch: BaFin chief     Wednesday, 19 Nov 2014 | 2:40 AM ET

    Elke Koenig, President of BaFin, says there is enough lending supply from banks but a lack of demand from businesses.

  • US stocks drift lower after release of Fed minutes Wednesday, 19 Nov 2014 | 2:25 AM ET

    U.S. financial markets pulled back slightly from their most recent record highs Wednesday, ending lower for the first time this week. The Dow Jones industrial average and Standard& Poor's 500 index mostly hovered slightly below the all-time high closes set a day earlier. "This does not move the needle a whole bunch," said John Canally, Chief Economic Strategist for...

  • Germany needs stable banks: BaFin chief     Wednesday, 19 Nov 2014 | 1:30 AM ET

    Elke Koenig, President of BaFin, says German banks need to have higher asset ratios to be more stable and serve the real economy.

  • The new innovation hub: Siberia? Tuesday, 18 Nov 2014 | 12:43 PM ET
    Tomsk, Russia

    Can a Russian innovation hub kick start its fledgling tech industry? The Global Post reports.

  • *Athens wants to exit bailout one year ahead of time. ATHENS, Nov 18- Greece is locked in tough negotiations with its foreign lenders, with "nerves stretched" on both sides, the finance minister warned on Tuesday, raising the temperature as Athens tries to exit an unpopular bailout programme. Inspectors from the European Union and the International Monetary Fund...

  • UN report: Demographic shift could boost growth Tuesday, 18 Nov 2014 | 11:57 AM ET

    LONDON— The United Nations Population Fund said Tuesday that changing demographics, mainly in Africa and Asia, could lead to rapid economic growth if there is sufficient investment in young people. "Today's record 1.8 billion young people present an enormous opportunity to transform the future," the fund's Executive Director Babatunde Osotimehin said.

  • How to persuade Europe's banks to lend     Tuesday, 18 Nov 2014 | 11:30 AM ET

    BaFin President Elke Koenig discusses the issues preventing European banks from lending more.

  • US producer prices rise 0.2 percent in October Tuesday, 18 Nov 2014 | 8:37 AM ET

    WASHINGTON— Inflation picked up in October due to higher prices that U.S. companies received for new model cars, beef, pork, pharmaceuticals and electric power. The producer price index increased 0.2 percent in October from the previous month, the Labor Department said Tuesday. Automakers contributed to inflation by introducing 2015 car models, with the Labor...

  • NEW YORK, Nov 18- U.S. stock index futures were little changed on Tuesday following a record close on the S&P 500 and ahead of producer inflation data. *Shares in Europe advanced, boosted by German analyst and investor sentiment, which rose in November for the first time in almost a year, raising hopes of an improvement in Europe's biggest economy.

  • *Catch-up effects in south Europe driving demand- analyst. Sales rose in all major markets except France, highlighting that country's struggle to kick-start growth. Passenger car registrations in the European Union and European Free Trade Area rose to 1.11 million vehicles last month from 1.05 million in October 2013, the Association of European Carmakers...

  • Ahead of the Bell: US producer prices Tuesday, 18 Nov 2014 | 6:58 AM ET

    WASHINGTON— The Labor Department reports on U.S. producer price inflation in October. The report, which measures price changes before they reach consumers, will be released Tuesday at 8:30 a.m. Eastern. Over the past month, average gas prices nationwide have plunged nearly 8 percent to $2.89 a gallon, according to the AAA Daily Fuel Gauge.

  • *FTSEurofirst 300 up as PM Abe calls Japan election, delays tax rise. LONDON, Nov 18- European shares rose and bond yields fell on Tuesday on hopes that a snap election and delayed tax increase in Japan might lead to more economic stimulus measures, which also knocked the yen to its lowest since 2007.. The yen fell to a seven-year low against the dollar after Abe's...

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