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Europe: Economy

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  • Market's disappointed but SEB's not  Thursday, 29 Jan 2015 | 4:30 AM ET

    As SEB posts its Q4 earnings, CFO Jan Erik Back says that despite them being below forecast, he's pleased with the "strong result."

  • Deutsche tops estimates: Reaction  Thursday, 29 Jan 2015 | 4:15 AM ET

    Deutsche Bank has posted its fourth quarter earnings. Dirk Becker, deputy head of German research at Kepler Cheuvreux, says the bank did "incredibly well."

  • FOREX-Dollar firm post-Fed, franc eyed for intervention Thursday, 29 Jan 2015 | 4:12 AM ET

    LONDON, Jan 29- The U.S. dollar inched higher against the yen and was steady to the euro on Thursday after a Federal Reserve statement which, with some caveats, was read as keeping the bank on track to raise interest rates later this year. That prodded U.S. bond yields lower, but the overall picture, of a steadily improving U.S. economy while Europe and Japan remain mired...

  • The 'big problem' for ECB QE  Thursday, 29 Jan 2015 | 4:00 AM ET

    Ian Harnett, co-founder of Absolute Strategy Research, says that one of the biggest problems resulting from ECB quantitative easing is the "flattening yield curve."

  • MOSCOW, Jan 29- Russian food retailer Lenta said on Thursday its sales growth slowed in the fourth quarter to 30.6 percent from 32.9 percent in the previous quarter as consumers tightened spending amid soaring inflation. "It is clear that the economy will face further challenges in 2015," said Jan Dunning, Lenta Chief Executive Officer. Lenta, which raised about...

  • MISRATA, Libya, Jan 29- A power struggle between two rival governments that threatens to tear Libya apart has started to take its toll on Misrata, an important shipping and industrial hub that had shrugged off the turmoil until now. Oil production has collapsed to a fifth of what Libya used to pump before the NATO- backed uprising, while wheat imports and other...

  • 'Brace for the worst' for Deutsche Bank: Pro  Thursday, 29 Jan 2015 | 12:42 AM ET

    Dan Scott, Vice President of Credit Suisse, discusses his expectations for Deutsche Bank's fourth quarter earnings due on Thursday.

  • BANGKOK, Jan 29- Thai factory output fell less than expected in December as exports rose, but it still dropped for a 21st straight month, a further sign that the economy remains wobbly. The Industry Ministry said output in December fell 0.35 percent from a year earlier, the smallest drop since the string of production shrinkages began in April 2013.

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year. "The committee, in fact, was downright bullish on current economic conditions and the outlook," said Paul Edelstein, director of financial...

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" as it largely looked through weakness overseas in a signal that it remains on track to raise interest rates later this year. The U.S. central bank repeated it would be "patient" in deciding when to raise benchmark borrowing costs from zero, where they have been...

  • European stocks end flat, Greece banks collapse  Wednesday, 28 Jan 2015 | 11:30 AM ET

    European markets ended flat on Wednesday after seesawing for much of the session, with gains in the technology sector helping to offset a continued slump in Greek banking stocks.

  • ATHENS, Jan 28- The new government of Prime Minister Alexis Tsipras has moved swiftly to roll back parts of Greece's international bailout agreement with its European Union and IMF creditors, including stopping some asset sales. Greece has raised only 3.1 billion euros from privatizations since it was first bailed out five years ago by the EU and...

  • FOREX-Dollar firms in cautious trade before Fed statement Wednesday, 28 Jan 2015 | 11:27 AM ET

    NEW YORK, Jan 28- The U.S. dollar made a tepid advance against the euro and the Swiss franc on Wednesday but fell against the yen before a monetary policy statement from the Federal Reserve. The Fed is expected to release a statement at 2 p.m. EST following a two-day meeting. "This is not so much about the Fed, but whether the U.S. economy can live with a stronger dollar,"...

  • LONDON/ STOCKHOLM Jan 28- IKEA Group, the world's biggest furniture retailer, expects a rise in European revenues to continue this financial year, with its focus on low prices helping it to cope in a struggling economy. The privately-held Swedish company, which makes almost 70 percent of sales in Europe, said on Wednesday demand in previously crisis-hit...

  • LONDON, Jan 28- The Bank of England will keep interest rates at a record low until at least October as inflation remains stubbornly below target, according to economists in a Reuters poll who have grown more confident about their views. The firming of the consensus view for the fourth quarter of 2015 comes just days after the European Central Bank announced a...

  • *Surprise monetary easing in Singapore helps U.S. dollar. LONDON, Jan 28- The dollar climbed against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses, although gains were muted before a statement from the Federal Reserve after its policy meeting. "The Fed is going to be patient and we could see investors price out chances of a...

  • Greece rolls back austerity  Wednesday, 28 Jan 2015 | 6:32 AM ET

    CNBC's Michelle Caruso-Cabrera reports the newly-elected Greek leaders are hiking the country's minimum wage and rolling back deals that were part of the bailout agreement.

  • STOCKHOLM, Jan 28- Sweden's central bank may be the next to adopt unconventional policies to fight falling prices, but it is unlikely to match the impact of others as the bond market is small, yields are low and banks are already flush with cash. The U.S. Federal Reserve and Bank of England have taken similar steps. While growth in Sweden looks relatively solid at an...

  • *Sale of stake in Greece's biggest utility halted. ATHENS, Jan 28- Prime Minister Alexis Tsipras promised "radical" change on Wednesday as his new government swiftly moved to roll back key parts of Greece's international bailout, prompting a third day of losses on financial markets. Even before the first meeting of the new cabinet, ministers had hit the airwaves to...

  • Greece, eurozone creditors gear up for clash over bailout Wednesday, 28 Jan 2015 | 5:37 AM ET

    ATHENS, Greece— Greece's new radical left government has shot the first salvo in what is expected to be a tough clash with fellow eurozone countries over budget cuts that Athens says are choking the life out of its economy. The hard line prompted a quick warning from the European Union and sent local investors into a panic on the prospect that the country might get...

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