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Europe: Economy

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  • Can stocks move higher?  Friday, 27 Feb 2015 | 1:08 PM ET

    Discussing how to play U.S. equities versus Europe, with Katie Nixon, Northern Trust, and Erik Ristuben, Russell Investments.

  • *Greece faces 1.5 bln euro debt payment to IMF in March. *Pressure on Athens to quickly complete bailout review for aid. BRUSSELS/ ATHENS, Feb 27- Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.

  • Germany backs Greek plan but bailout fatigue grows Friday, 27 Feb 2015 | 12:23 PM ET
    A man adjusts a European flag, next to a Greek flag outside the Greek embassy in Brussels February 19, 2015.

    Germany's parliament approved an extension of Greece's bailout but a number of dissenters underscored growing skepticism in Berlin.

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • Europe shares close to finish higher ahead of QE  Friday, 27 Feb 2015 | 11:30 AM ET

    European equities seesawed before finishing higher on Friday ahead of the European Central Bank's quantitative easing program.

  • Business events scheduled for the coming month Friday, 27 Feb 2015 | 11:24 AM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • February proved to be a strong month for U.S. stocks, even though it ended in downbeat fashion. It also brought the Nasdaq composite within striking distance of its March 2000 high. But the S&P 500' s 5.5 percent performance marked its best monthly increase since October 2011, and a turnaround from its 3.1 percent slide in January.

  • Volkswagen profits up 20 percent for full year Friday, 27 Feb 2015 | 9:41 AM ET

    Volkswagen warned that economic trends in Latin America and Eastern Europe could affect its commercial vehicles and power engineering businesses. Russia's economy appears headed for recession after a sharp drop in the ruble and its recent conflict with Ukraine has undermined business confidence in Eastern Europe. Chief Financial Officer Hans Dieter...

  • Greek prime minister rules out third bailout Friday, 27 Feb 2015 | 9:24 AM ET

    ATHENS, Greece— Greece's new radical left government has no intention of seeking another bailout deal from international creditors and will spend coming months trying to ease the terms of its current commitments, the financially struggling country's prime minister said Friday. Alexis Tsipras remarks came hours after lawmakers in Germany, a key rescue loan...

  • *Greece faces 1.5 bln euro debt payment to IMF in March. *Pressure on Athens to quickly complete bailout review for aid. BRUSSELS/ ATHENS, Feb 27- Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.

  • *Debate reflects breakdown in German trust in Greece. With Finance Minister Wolfgang Schaeuble promising not to let Greece "blackmail" its euro zone partners, 542 members of the Bundestag voted "yes" to the extension, while 32 opposed it and 13 abstained. The broader German population also grown more sceptical since Prime Minister Alexis Tsipras took power last...

  • *Dollar index eases from previous day's 1- month high. Jan CPI, durables goods data raise rate-hike bets. LONDON, Feb 27- The dollar index fell on Friday amid month-end selling but was still on track for a record eighth month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise later this year.

  • The world’s most spectacular stock exchanges Friday, 27 Feb 2015 | 7:19 AM ET

    The world’s stock exchanges are a frenzy for trading activity. Ahead of the Global Financial Market Forum, we look at some of the most spectacular.

  • BERLIN, Feb 27- Germany's parliament approved an extension of Greece's bailout on Friday after Finance Minister Wolfgang Schaeuble, who has voiced doubts about whether Athens can be trusted, promised he would not let Greece "blackmail" its euro zone partners. "We Germans should do everything to keep Europe together as far as we can and bring it together again and...

  • ATHENS, Feb 27- Greece's economy contracted more than originally estimated in the last quarter of 2014 compared with the previous three-month period, a revised estimate by the ELSTAT statistics service showed on Friday. Athens and its EU/IMF lenders have projected growth of 0.6 percent for 2014 as a whole. Greece's economic boom of the early 2000 s ended with...

  • German parliament approves Greek bailout extension Friday, 27 Feb 2015 | 5:32 AM ET

    BERLIN, Feb 27- Germany's parliament approved an extension of Greece's bailout on Friday after Finance Minister Wolfgang Schaeuble, who has voiced doubts about whether Athens can be trusted, promised it would not be allowed to "blackmail" its euro zone partners. With 542 lawmakers voting in favour, including almost all of. Chancellor Angela Merkel's right-left...

  • BEIJING— Global stocks were lackluster Friday after Japan reported mixed economic data and investors waited for revised U.S. growth figures. KEEPING SCORE: In early trading, France's CAC-40 was little changed at 4,911.03 and Germany's DAX gained 0.05 percent to 11,332.45. Britain's FTSE 100 was steady at 6,949.04.

  • BERLIN, Feb 27- German Finance Minister Wolfgang Schaeuble urged parliament on Friday to take what he acknowledged was a difficult decision and approve an extension of Greece's bailout, assuring them Athens would not be allowed to "blackmail" its euro zone partners. The 72- year-old minister, who has repeatedly voiced his own doubts about whether the new...

  • BERLIN, Feb 27- German Finance Minister Wolfgang Schaeuble urged parliament on Friday to take what he acknowledged was a difficult decision and approve an extension of Greece's bailout, assuring them Athens would not be allowed to "blackmail" its euro zone partners.

  • BERLIN— Germany's Parliament overwhelmingly approved the four-month extension of Greece's financial bailout on Friday, despite unease over the new government in Athens. Greece was granted the extension by its European creditors, ensuring it remains solvent and does not run the risk of falling out of the euro, but only in exchange for a commitment to budget...

Contact Europe: Economy

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