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Europe: Economy

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  • MOSCOW, Sept 16- Russia's economy could contract 3-4 percent if western nations tighten sanctions over Moscow's role in the Ukraine crisis to make them similar to those imposed on Iran, former finance minister Alexei Kudrin said on Tuesday. Western sanctions already bar some of Russia's largest companies and banks from raising financing on western markets.

  • Stocks end higher as investors await news from Fed Tuesday, 16 Sep 2014 | 2:00 AM ET

    NEW YORK— The stock market rose Tuesday as investors waited to find out when the Federal Reserve might raise interest rates. "The economy continues to improve in the U.S., and there's still an accommodative Fed," said Brad Sorensen, director of market and sector research at the Schwab Center for Financial Research.

  • OECD's euro zone downgrade is overdue: Pro     Monday, 15 Sep 2014 | 11:10 PM ET

    Joerg Kraemer, Chief Economist of Commerzbank, agrees with the OECD's move to cut growth forecasts for the euro zone and says the European Central Bank is being overly optimistic.

  • Scotland: Yes vs No campaign     Monday, 15 Sep 2014 | 9:17 PM ET

    Riad Younes, Co-founder of R Squared Capital Management, discusses his expectations for the referendum and highlights the sources of political instability that Europe could see moving forward.

  • NYMEX-U.S. oil retreats on softer economic data Monday, 15 Sep 2014 | 8:29 PM ET

    It settled 65 cents a barrel higher at $92.92 on the previous session, recovering by more than $2 a barrel after falling earlier in the session towards 16- month lows. *November Brent gained 20 cents a barrel to $98.08 after it ended 8 cents lower at $97.88.

  • Business Highlights Monday, 15 Sep 2014 | 5:46 PM ET

    'Minecraft' could boost Microsoft's mobile reach. NEW YORK— Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. In addition, the founders of Mojang, the Swedish company behind "Minecraft," aren't staying with Microsoft.

  • *Fed meeting, Scotland independence vote major risks ahead. NEW YORK, Sept 15- The dollar rose against major currencies on Monday, bolstered by expectations the Federal Reserve this week will acknowledge anew improvements in the U.S. economy and provide fresh details about the U.S. central bank's looming tightening policy.

  • FOREX-Dollar gains as markets price in a hawkish Fed Monday, 15 Sep 2014 | 10:03 AM ET

    *Fed meeting, Scotland independence vote major risks ahead. NEW YORK, Sept 15- The dollar rose against major currencies on Monday, bolstered by expectations the Federal Reserve this week will acknowledge anew improvements in the U.S. economy and provide fresh details about the central bank's looming tightening cycle.

  • PARIS, Sept 15- The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.

  • Eurozone economic growth forecast cut Monday, 15 Sep 2014 | 6:37 AM ET

    The Organization for Economic Cooperation and Development, a think tank dealing with the world's developed countries, cut its forecasts for the eurozone this year to 0.8 percent from 1.2 percent in its May assessment. Italy, one of the more troubled economies in Europe, was downgraded from 0.5 percent to minus 0.4 percent.

  • MOSCOW, Sept 15- Russia's rouble currency hit a new low against the dollar on Monday, hit by falling oil prices and a decision by the central bank not to raise interest rates despite investor concern over the economic effect of the Ukraine crisis.

  • PARIS, Sept 15- The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.

  • *Gulf better able to handle U.S. rate hikes than most regions. *Bahrain and Oman budgets, Dubai property market may be losers.

  • ECB's Weidmann signals risk for Europe's taxpayers Monday, 15 Sep 2014 | 3:21 AM ET
    Jens Weidmann

    European taxpayers should not be left accountable for the securities that form part of the ECB's new asset-purchase program, according to the president of the Deutsche Bundesbank.

  • The French, German and Italian finance ministers discuss the need for investment in the euro zone.

  • Strange bedfellows: Solar power meets oil drilling Sunday, 14 Sep 2014 | 9:00 AM ET

    A company that uses solar energy to recover crude has scored financing from some big oil players, highlighting a growing niche of exploration.

  • *Ukraine conflict, sanctions darken mood in Europe. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom.

  • Scottish independence could mean messy divorce Sunday, 14 Sep 2014 | 4:45 AM ET

    The British and Scottish administrations have agreed that they will recognize the outcome of the referendum and appoint negotiators to work out the details of separation "in the best interests of the people of Scotland and of the rest of the United Kingdom."

  • WASHINGTON, Sept 12- The United States is planning to push Europe towards new and more aggressive efforts to boost demand and economic growth given a renewed risk of deflation in the euro zone, a senior Treasury official said on Friday.

  • *Fed may raise short-term rates in first quarter- BlackRock. NEW YORK, Sept 12- Traders piled into U.S. short-term interest rates options on Friday, adopting a bearish posture on the view the Federal Reserve will signal next week that interest rates will be notably higher by the end of next year.

Contact Europe: Economy

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