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Europe: Economy

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  • WASHINGTON, April 18- The International Monetary Fund warned in a communique on Saturday that while economic growth in developed countries had strengthened, some emerging nations were being hit by weaker commodity prices and exports. Those meetings conclude on Sunday and have taken place amid growing concerns cash-strapped Greece will fail to reach...

  • NICOSIA, Cyprus— Lawmakers in Cyprus on Saturday passed key insolvency laws designed to open the taps for more international bailout cash. The vote makes it possible to operate foreclosure laws that international creditors have demanded as a condition for extending more loans to Cyprus. The International Monetary Fund has been withholding 88 million euros...

  • Germany to raise growth forecasts next week - sources Saturday, 18 Apr 2015 | 7:04 AM ET

    BERLIN, April 18- The German government is on the verge of raising its growth forecasts for this year and next, but its new projections will be more conservative than those published by leading economic institutes earlier this week, two government sources told Reuters. Berlin is currently forecasting growth of 1.5 percent this year and of 1.6 percent in 2016..

  • WASHINGTON— Spain's Economy Minister Luis de Guindos criticized Greece's left-wing government for its "not very coherent" approach to negotiations over its finances and economy. Greece has relied on loans from European creditors and the International Monetary Fund since 2010. It is in talks over the conditions for its next loan installment, without which...

  • *Britain's Osborne says Greece casts gloom over meetings. *Turkey's Babacan says Greece is issue for bilateral talks. Greece was not mentioned by name in the communique and Turkish Deputy Prime Minister Ali Babacan, speaking on behalf of the G20, said the issue of Greece did not feature in the formal discussions.

  • U.S. urges Greece to strike deal with creditors Friday, 17 Apr 2015 | 4:12 PM ET

    WASHINGTON, April 17- The Obama administration on Friday urged Greece to move quickly with technical negotiations aimed at reaching agreement on bailout terms with the International Monetary Fund and European Union, saying a failure to strike a deal could hit the global economy. Treasury Secretary Jack Lew said in a statement prepared for delivery at a...

  • *Yields curve flattens after CPI data. NEW YORK, April 17- The U.S. The Labor Department said on Friday its Consumer Price Index increased 0.2 percent last month after a similar gain in February.

  • Europe ETF picks to play   Friday, 17 Apr 2015 | 2:06 PM ET
    Europe ETF picks to play

    Is Europe running out of steam? Jeff Kilburg, KKM Financial CEO, and Tim Seymour, Triogem Asset Management, CIO,weigh in and discuss the concern in global markets as well as how to play your portfolio.

  • OBAMA SAYS THERE HAVE BEEN COMPETING ECONOMIC THEORIES BETWEEN EUROPE AND U.S.

  • *Britain's Osborne says Greece casts gloom over finance meetings. WASHINGTON, April 17- The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday even as officials fretted that Athen's inability to strike a deal with its lenders could upset Europe's tentative recovery. While Greece was not mentioned by name in the...

  • Europe ends sharply lower amid Chinese warning; Greece fears

    European markets tumbled to close sharply lower on Friday, after traders eyed Chinese futures which were down heavily, amid mounting tensions over Greece debt negotiations.

  • Is Greece spiralling out of control?   Friday, 17 Apr 2015 | 11:00 AM ET
    Is Greece spiralling out of control?

    Peter Rosenstreich, chief FX analyst at Swissquote Bank, says the negotiations between creditors and Greece may not end well.

  • Greek 'day of reckoning' shakes stock markets Friday, 17 Apr 2015 | 10:30 AM ET

    NEW YORK— Fear that Greece could default on its debt and abandon the euro rattled global financial markets Friday. News that negotiations between Greece and its international lenders are making little progress sent European stock markets down sharply, and the selling spread across the Atlantic. "The day of reckoning" for Greece is fast approaching, said Uri...

  • *U.S. consumer prices rise for a 2nd month. NEW YORK, April 17- The dollar rebounded from a three-week low against the yen and a 10- day trough against a currency basket on Friday, bolstered by data showing inflation starting to creep into the U.S. economy, a development that should keep the Federal Reserve on track to lift interest rates this year.

  • NEW DELHI, April 17- India's trade deficit in March was the highest in four months, at $11.79 billion, as exports continued to fall, underscoring risks for growth prospects in Asia's third largest economy. That could be about to change, with policymakers and businesses fretting that weak foreign demand could torpedo Prime Minister Narendra Modi's...

  • *UK unemployment rate falls to 5.6 pct. LONDON, April 17- Britain's economy created the largest number of new jobs in nearly a year and unemployment hit its lowest rate since mid-2008, official labor market data showed on Friday, the last such report before a closely fought election on May 7. The opposition Labor Party stressed the slow pace of Britain's recovery in...

  • WASHINGTON— Higher-priced gasoline slightly boosted consumer prices in March, a sign that some of the effects of cheaper oil are fading and that inflation may be edging up to healthier levels. The consumer price index rose 0.2 percent last month, the Labor Department said Friday. And it suggests that consumer prices aren't at risk of sinking into outright...

  • *Dollar index on track for 2nd worst week since 2011. LONDON, April 17- The dollar skidded to a 10- day low against a basket of major currencies on Friday, after a run of weak U.S. economic data that has cast doubt on prospects for a Federal Reserve interest rate rise in the coming months. Traders will be watching U.S. consumer inflation data due at 1230 GMT for further...

  • Ahead of the Bell: US consumer prices Friday, 17 Apr 2015 | 6:46 AM ET

    WASHINGTON— The Labor Department reports on March consumer prices Friday at 8:30 a.m. Eastern. SLIGHT INFLATION: Economists forecast that the consumer price index rose 0.2 percent in March, according to a survey by data firm FactSet. But gas remains relatively cheap, falling roughly 33 percent over the past year to an average price of $2.41 a gallon, according...

  • LONDON, April 17- The prospect of deeper interest rate cuts took Russia's rouble more than 2 percent lower on Friday, knocking it off 4-1/ 2- month highs against the dollar, while Russian equity markets also slipped. "The rouble has appreciated so much recently that from the point of view of the central bank and government it makes sense to try and cap it so as not to...

Contact Europe: Economy

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