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Europe: Economy

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  • KIEV, July 30- Ukraine's economy contracted by 4.7 percent year-on-year in the second quarter in a sign of the impact of fighting in the east of the country. Kiev had initially expected a 3- percent fall year-on-year in the whole of 2014 but the conflict has put additional strains on the state budget and deepened Ukraine's recession.

  • *European shares slip as Total hurt by Russia. LONDON, July 30- The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing.

  • Spain economic growth at fastest pace since 2007 Wednesday, 30 Jul 2014 | 4:34 AM ET

    MADRID— Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.

  • Europe shares drift ahead of US data; Asia gains Wednesday, 30 Jul 2014 | 4:33 AM ET

    TOKYO— World markets were mostly higher Wednesday ahead of U.S. economic data while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian stocks. KEEPING SCORE: In morning trade in Europe, France's CAC 40 dipped 0.1 percent to 4,359.30 and Britain's FTSE 100 was flat at 6,807.75.

  • FOREX-Euro slides below $1.34, eyes on Fed and U.S. GDP Wednesday, 30 Jul 2014 | 4:32 AM ET

    LONDON, July 30- The euro fell below $1.34 on Wednesday for the first time since last November before German inflation data that was likely to add to the case for the European Central Bank pumping more money into a moribund economy.

  • German central bank chief: higher wages justified Wednesday, 30 Jul 2014 | 4:12 AM ET

    BERLIN— The head of Germany's central bank says higher wages would be justified in the country as the economy flourishes and inflation sags, and is putting the potential for raises at 3 percent.

  • SYDNEY/ SINGAPORE, July 30- The dollar touched a six-month high against a basket of major currencies on Wednesday, holding firm ahead of a Federal Reserve policy decision and U.S. gross domestic product data due later in the day.

  • West seeks to inflict more economic pain on Russia Wednesday, 30 Jul 2014 | 1:33 AM ET

    WASHINGTON— Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain even further and force President Vladimir Putin to end provocations in Ukraine.

  • And they're off! If economies were racehorses...     Wednesday, 30 Jul 2014 | 1:30 AM ET
    Joel Rosario atop Orb on his way to winning the 139th Kentucky Derby at Churchill Downs on May 4, 2013.

    Who is ahead in the economic race? The CNBC Squawk Box Europe team look at the strengths and problems facing the economies of the U.K., U.S., and EU.

  • SYDNEY/ SINGAPORE, July 30- The dollar hovered near a six-month high against a basket of currencies on Wednesday as investors awaited a Federal Reserve policy decision and U.S. gross domestic product data due later in the day.

  • Why Mark Mobius still likes Russian stocks     Tuesday, 29 Jul 2014 | 10:15 PM ET

    Russia won't isolate itself from the world and will eventually reach an agreement with the West, says Mark Mobius, Executive Chairman of Templeton Emerging Markets Group.

  • FRANKFURT, July 30- Bundesbank chief Jens Weidmann has welcomed above-inflation wage increases in some sectors in Germany, where price pressures are firmer than in many other euro zone countries but still weak.

  • Has the West done enough to pressure Russia?     Tuesday, 29 Jul 2014 | 8:47 PM ET

    Raymond Tanter, Professor Emeritus at the University of Michigan, says the U.S. has done a "great job" in bringing its European allies along on tougher Russia sanctions.

  • SINGAPORE, July 30- Gold was trading in a tight range below $1,300 an ounce on Wednesday, as investors nervously awaited the end of a Federal Reserve policy meeting to gauge the U.S. central bank's view on the economy and monetary policy.

  • *Adecco, Randstad seen benefiting from subsidies, auto sector. LONDON, July 29- Despite high unemployment, weak economic growth and complex labour laws, France is offering an unlikely glimmer of hope to beaten-down staff recruitment firms such as Adecco and Randstad.

  • IMF warns of potential risks to global growth Tuesday, 29 Jul 2014 | 12:00 PM ET

    In a report assessing how individual national policies could interact to undermine the world economy, the IMF also warned the conflict between Russia and Ukraine could reverberate to the rest of the region if sanctions against Russia escalate, hitting natural gas supplies to Europe and weakening European banks.

  • Greece moves debt talks to France Tuesday, 29 Jul 2014 | 8:59 AM ET

    ATHENS, Greece— Greece's next meetings with international debt inspectors will take place in Paris instead of Athens, the government said Tuesday, calling the move a sign that the country is no longer under "intense pressure" to make austerity measures.

  • IMF approves new $5B credit line for Morocco Tuesday, 29 Jul 2014 | 6:32 AM ET

    RABAT, Morocco— The International Monetary fund has announced a new, two-year $5 billion credit line for Morocco to support reform efforts. The new support follows up on an earlier two year credit agreement approved in 2012 to protect Morocco from shocks of the global economic crisis as it struggled in the aftermath of the Arab Spring.

  • EU clears state aid for ailing Polish carrier LOT Tuesday, 29 Jul 2014 | 5:47 AM ET

    BRUSSELS— The European Union's antitrust authority on Tuesday approved the Polish government's 200 million-euro bailout for its ailing national carrier, LOT airlines. Star Alliance member LOT has been in financial difficulty for several years.

  • Stocks end lower ahead of economic data Tuesday, 29 Jul 2014 | 3:37 AM ET

    Major indexes in Europe and Asia closed with slight gains. On Friday, the Labor Department releases its monthly look at the job market. FROZEN: "The market today looks a little frozen, because it's going to face some really revealing stuff in the next 72 hours," said Jim Paulsen, chief investment strategist at Wells Capital Management.

Contact Europe: Economy

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