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Europe: Economy

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  • Ukraine ceasefire falters out of the starting gate Saturday, 31 Jan 2015 | 4:25 PM ET
    Local residents inspect their home, which was damaged by last night's shelling in the village of Sartan, near Mariupol January 20, 2015.

    Peace talks aimed at brokering a ceasefire in eastern Ukraine stalled before they had even started on Saturday.

  • MOSCOW, Jan 31- Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop. The economy has been hit by a sharp fall in oil prices and by sanctions imposed on Moscow for its role in the Ukraine crisis, leaving Russia facing its first year of recession...

  • MOSCOW, Jan 31- Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop. The economy has been hit by a sharp fall in oil prices and sanctions imposed on Moscow for its role in the Ukraine crisis, leaving Russia facing its first year of recession...

  • ECB's Liikanen: Lending to Greek banks in jeopardy Saturday, 31 Jan 2015 | 5:41 AM ET

    A deal on extending Greece's bailout deal must be found by the end of February or the ECB will not be able to continue lending to its banks, ECB council member Erkki Liikanen said.

  • HELSINKI, Jan 31- A deal on extending Greece's bailout deal must be found by the end of February or the European Central Bank will not be able to continue lending to its banks, ECB council member Erkki Liikanen said on Saturday. Europe's bailout programme for Greece, part of a 240- billion-euro rescue package along with the International Monetary Fund, expires on...

  • What slowing economy? US consumers are in a mood to spend Saturday, 31 Jan 2015 | 12:05 AM ET

    WASHINGTON— There's a good reason the U.S. economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness. Companies have been hiring at healthy rates for the past year. "This hasn't changed my picture on the strength and resilience of the U.S. economy," said Scott Anderson, chief economist at the Bank of the West.

  • DIARY- Top Economic Events to Feb 12 Friday, 30 Jan 2015 | 7:01 PM ET

    SARASOTA, United States- Federal Reserve Bank of Atlanta Executive Vice President David Altig and Federal Reserve Bank of Dallas Senior Vice President Mine Yucel participate in "The Economic Outlook, Monetary Policy and Energy: Thoughts from Federal Reserve Research Directors" event hosted by the New College of Florida and the Global Interdependence...

  • WASHINGTON— There's a good reason the U.S. economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness. Companies have been hiring at healthy rates for the past year. "This hasn't changed my picture on the strength and resilience of the U.S. economy," said Scott Anderson, chief economist at the Bank of the West.

  • Business events scheduled for the coming month Friday, 30 Jan 2015 | 1:35 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...

  • Business events scheduled for the coming week Friday, 30 Jan 2015 | 1:33 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...

  • Europe ends lower after euro zone deflation deepens  Friday, 30 Jan 2015 | 11:30 AM ET

    European equities closed lower on Friday, with investors reacting to earnings and euro zone inflation and unemployment reports.

  • ECB QE will take time to take effect  Friday, 30 Jan 2015 | 11:15 AM ET

    Sue Noffke, UK equities fund manager at Schroders, says the European Central Bank's bond-buying program will take time to make an effect.

  • NEW YORK, Jan 30- The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains. The fundamental case for dollar strength is still in place as a long-term theme, "said Brian...

  • Will Greece's Syriza or its creditors blink first? Friday, 30 Jan 2015 | 10:22 AM ET
    Supporters of opposition leader and head of radical leftist Syriza party Alexis Tsipras cheers at exit poll results January in Athens, Greece.

    The first financial tests of Syriza’s audacious new policies for Greece loom – as it is still unclear who will concede ground on its debt pile first.

  • WASHINGTON— The U.S. economy slowed in the final three months of 2014, but a burst in consumer spending and the prospect of continued low energy prices are bolstering confidence that growth will strengthen this year. On Friday, the University of Michigan reported that its index of sentiment showed that U.S. consumers are more confident than they have been since...

  • ISTANBUL, Jan 30- The Turkish lira tumbled to a fresh record low against the dollar on Friday after a surprise Russian interest rate cut reinforced expectations that Turkey will ease monetary policy next week. Central bank governor Erdem Basci indicated on Tuesday that the bank could hold an extraordinary meeting as early as next Wednesday to discuss cutting...

  • BOGOTA, Jan 30- Colombia's central bank will likely keep its key lending rate unchanged for a fifth straight month on Friday, in an effort to bolster slowing economic growth amid plunging oil revenue and a mounting crisis in Europe. The vote comes as world economies grapple with a slump in prices for crude, Colombia's biggest export and source of foreign exchange,...

  • "I believe there are no problematic areas in the issue of bilateral cooperation between Germany and Hungary," Orban said Friday on state radio. The relationship with Germany is key to Budapest: Germany is by far Hungary's largest trading partner, accounting for around 25 percent of its foreign trade. For its part, Germany has considered Hungary an important...

  • ATHENS, Greece— Greece and its European bailout creditors were in open dispute Friday, with Germany bluntly rejecting suggestions the heavily-indebted country should be forgiven part of its rescue loans and warning against "blackmail" from Athens. "We are prepared to offer all cooperation and solidarity," he said, but only if Greece abides by its agreements,...

  • MOSCOW— Russian central bank cuts key interest rate by 2 percentage points to 15 percent; ruble drops.

Contact Europe: Economy

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