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Europe: Economy

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  • Ukraine to hike key interest rate to 30% Tuesday, 3 Mar 2015 | 7:56 AM ET
    A Ukrainian national flag flies outside the Ukraine central bank in Kiev, Ukraine.

    Ukraine's central bank said it will raise its key refinancing rate to 30 percent from 19.5 percent from Wednesday.

  • Daimler's best markets are UK, Germany  Tuesday, 3 Mar 2015 | 7:15 AM ET

    Dieter Zetsche, chair of Daimler, talks about the firm's new vehicles and how Daimler's sales are improving in certain markets.

  • The Reserve Fund is used to support Russian public finances in time of low oil and gas prices and is held in dollars, euros and British pounds. Russia's other main sovereign fund, the National Wealth Fund, rose by $900 million in February to $74.92 billion, the ministry said Tuesday, although its value in ruble terms fell. As of February 20, the last date for which data...

  • Azerbaijan watches for dissent as economy slows Tuesday, 3 Mar 2015 | 5:50 AM ET

    BAKU, March 3- Azerbaijan is keeping a close eye on any sign of dissent as economic problems mount before a parliamentary election this year in the oil-producing former Soviet republic. Hit by the fall in global oil prices, the rouble's drop against the dollar in neighbouring Russia and the separatist war in east Ukraine, the South Caucasus country devalued the...

  • Sirleaf told fellow regional leaders and delegates at an international conference on Ebola in Brussels that restoring economic growth in Liberia, Guinea and Sierra Leone is a long-term and costly task. She said that "the most important long-term response to Ebola rests on plans and strategies for economic recovery," adding that "this will require significant...

  • Audi CEO: We're strong in China, Europe  Tuesday, 3 Mar 2015 | 5:10 AM ET

    Rupert Stadler, CEO of Audi, says the business is going strong in China and Europe, and there's potential within the U.S. market.

  • Audi was 'heavily affected' by Russia  Tuesday, 3 Mar 2015 | 5:10 AM ET

    Rupert Stadler, CEO of Audi, says the devaluation of the Russian ruble had the biggest impact on Audi in Russia.

  • Swiss economy stronger than expected in 4th quarter Tuesday, 3 Mar 2015 | 4:21 AM ET

    BERLIN— Official data show that Switzerland's economy expanded by a stronger-than-expected 0.6 percent in the fourth quarter, the last before the country's central bank abandoned its effort to cap the Swiss franc's value against the euro. Switzerland's economy grew 2 percent in 2014 as a whole. UniCredit economist Martina von Terzi forecast a 0.7 percent...

  • *ECB policymakers meet in Cyprus on Wednesday, Thursday. NEW YORK, March 2- The dollar edged up on Monday, with an index that tracks the greenback against major currencies touching an 11- year peak even after soft economic data. "The dollar's long-term trend is up but it now is in some consolidation," said Paul Christopher, international strategist at Wells Fargo in St...

  • LONDON, March 1- The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial centre and a hotbed of Euroscepticism. To sceptics, the election of a radical leftist-led government in Athens committed to tearing up Greece's bailout looks like the start of an...

  • *Greece says can overcome immediate funding crunch. MADRID/ ATHENS, March 2- Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no such talks. Speaking at an event in Pamplona, northern Spain, Economy Minister Luis de Guindos said the new rescue...

  • MADRID— Spain created hours of confusion over the future of Greece's troubled finances Monday by announcing that eurozone nations were negotiating a third Greek bailout of up to 50 billion euros, then backtracking by saying the prospect of such a bailout is merely hypothetical. The high profile sequence of events began when Spain's Economy Ministry said...

  • BMW: Russian market holding up  Monday, 2 Mar 2015 | 11:10 AM ET

    Ian Robertson, member of the board of management at BMW, weighs in on BMW's markets, in particular Russia, Europe and China.

  • Places bet on Europe equities, not bonds  Monday, 2 Mar 2015 | 11:00 AM ET

    Whilst many investors see bonds as a "safe" option, Bob McKee, chief economist at Independent Strategy, says he prefers European equities is currently a much better bet.

  • US manufacturing slows as output and hiring weaken Monday, 2 Mar 2015 | 10:18 AM ET

    WASHINGTON— U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its manufacturing index slipped to 52.9 in February from 53.5 in January. U.S. manufacturers have been held back in recent months by...

  • ROME— The principality of Monaco has signed an accord with Italy aimed at ending banking secrecy, days after Switzerland and Liechtenstein inked similar pledges to exchange financial information with Rome. Italy's finance ministry said that the accord with Monaco, signed on Monday, will allow administrative cooperation and will "strengthen the fight...

  • CNBC's Michelle Caruso-Cabrera reports the latest on negotiations for a Greek bailout.

  • ATHENS, March 2- Greece's government sought to assure its creditors and investors on Monday that it can cover its funding needs this month, including repaying a 1.5 billion euro loan to the International Monetary Fund. Athens is running out of options to fund itself despite striking a deal with the euro zone in February to extend its bailout by four months.

  • NEW YORK— For the first time since its dot-com era peak nearly 15 years ago, the Nasdaq composite has closed above 5,000.. Investors are now paying $20 for every $1 in earnings per share thrown off by Nasdaq companies each year. "It has gone up for the right reasons— on fundamentals, not just speculation," said Peter Cardillo, chief market economist at Rockwell Global...

  • HELSINKI— Scandinavian Airlines canceled some 50 flights to and from Denmark on Monday after a four-day protest strike by 1,300 cabin crew members in Denmark, but most had returned to work by the evening, the airline said. Meanwhile in Norway, some flights by Norwegian Air Norway, a subsidiary of budget airline Norwegian Air Shuttle, were disrupted for a third day...

Contact Europe: Economy

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