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Europe: Economy

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  • China is due to chair an Asia-Pacific Economic Cooperation summit on Nov. 10-11, and Froman said this was an opportunity for China to end a stalemate over updating the 16- year-old Information Technology Agreement, which eliminated duties on personal computers and telephones. The United States and China have begun talks about a two-way investment pact, but...

  • NEW YORK, Oct 30- The dollar on Thursday extended recent gains to a 3-1/ 2- week high, boosted by unexpectedly strong third-quarter U.S. economic growth and a newly hawkish tone from the Federal Reserve. A U.S. Commerce Department report showed third-quarter gross domestic product grew by 3.5 percent versus the Reuters 3.0 percent mean forecast of economists.

  • The United States and Europe have blamed China, the world's biggest exporter of IT products, for derailing talks on a pact on technology trade by asking for too many exemptions. China is due to chair an Asia-Pacific Economic Cooperation summit on Nov. 10-11 and Froman said this was an opportunity for China to end a stalemate over updating the 16- year-old...

  • Spain OKs 'Google Tax' demanded by news publishers Thursday, 30 Oct 2014 | 12:26 PM ET

    MADRID— Spain's parliament has approved new intellectual property laws that allow news publishers to charge aggregators each time they display news content in search results. Google Inc.' s Spanish division said Thursday it was disappointed with the outcome and will work with Spanish news publishers to help them increase income. Google last year agreed to...

  • FRANKFURT, Oct 30- Weak price pressure in Germany and Spain compounded the European Central Bank's policy headache on Thursday but it is still expected to hold off action next week, waiting to assess the impact of its new round of stimulus. "People who are expecting something next week are going to be disappointed," RBS economist Richard Barwell said of the ECB.

  • By Alexander Winning and Yelena Orekhova. MOSCOW, Oct 30- The rouble jumped over 3 percent on Thursday, bouncing off an all-time low against the dollar amid market talk of possible heavy central bank intervention ahead of a monetary policy meeting and rumors of a deal with Ukraine over Crimea. Traders in Moscow and London said the rouble's recovery was driven by a...

  • NEW YORK, Oct 30- The dollar on Thursday extended recent gains to a 3-1/ 2- week high, boosted by unexpectedly strong third-quarter U.S. economic growth and a newly hawkish tone from the Federal Reserve. A U.S. Commerce Department report showed third-quarter gross domestic product grew by 3.5 percent versus the Reuters 3.0 percent mean forecast of economists.

  • BERLIN, Oct 30- Annual inflation in Europe's largest economy slowed to 0.7 percent in October, data from Germany's statistics office showed on Thursday, undershooting forecasts and suggesting the risk of deflation in the wider euro zone has not yet abated. Carsten Brzeski, senior economist at ING, said the German data made it less likely the euro zone figure...

  • MOSCOW, Oct 30- Russia's second-biggest mobile phone operator Megafon said on Thursday it is confident that consumers will not cut spending on telecoms services despite the economic downturn because it accounts for a tiny portion of their expenses. "Already today the dollar costs more than 43 roubles-- that cannot fail to drive our expenses," Ivan Tavrin,...

  • *Rouble moves sharply higher in nervy trade. MOSCOW, Oct 30- The rouble jumped on Thursday, bouncing off an all-time low against the dollar amid market talk of possible central bank intervention ahead of a monetary policy meeting and rumours of a deal with Ukraine over Crimea. Traders in Moscow and London said the rouble's recovery was driven by a report by...

  • *Analysts slash Brent 2015 price forecasts by $9.60. *Brent seen averaging $93.70, WTI $88.00 in 2015. Reuters monthly poll of 31 economists and analysts said Brent was likely to stay below $100 a barrel for the next two years, averaging $93.70 in 2015 and $96.00 in 2016..

  • Lufthansa lowers profit forecast for 2015 Thursday, 30 Oct 2014 | 6:31 AM ET

    FRANKFURT, Germany— German airline Deutsche Lufthansa AG has lowered its profit forecast for 2015 over concerns that the global economy may experience a downturn next year. Lufthansa had previously said it expected an operating profit of 2 billion euros in 2015, but now estimates the result will be "significantly" above this year's predicted profit of 1...

  • German unemployment dips again in October Thursday, 30 Oct 2014 | 6:28 AM ET

    BERLIN— Germany's unemployment rate fell to 6.3 percent in October as the labor market in Europe's biggest economy continued to gain steam. Germany's economy has been slowing, and business and consumer confidence has slid on concerns over the turmoil in Ukraine and elsewhere. Nonetheless, ING economist Carsten Brzeski says indications are the labor market...

  • BERLIN, Oct 30- German joblessness unexpectedly fell in October and the unemployment rate held steady at 6.7 percent, underlining the strength of the job market in Europe's largest economy and coming as a welcome bright spot after a slew of weak data. "The German labour market remains solid as a rock, defying all woes from a weakening industry," said Carsten Brzeski,...

  • Big gain in Visa drives Dow average higher Thursday, 30 Oct 2014 | 5:21 AM ET

    NEW YORK— U.S. stocks turned higher Thursday as MasterCard and other big companies turned in stronger quarterly results. In a separate report, the Labor Department counted more people applying for unemployment benefits last week, but the less-volatile four-week average declined to 281,000, the lowest level since May 2000. ONE TAKE: "It's another report that...

  • LONDON, Oct 30- Brent crude oil fell below $87 a barrel on Thursday, pressured by a stronger dollar after the Federal Reserve painted a brighter outlook for the U.S. economy. "Anything priced in U.S. dollars is seeing a fall since released that statement and that goes right across the commodities complex," said analyst Ben Le Brun at OptionsXpress, referring to the...

  • *Rate futures show chance of Fed hike in September 2015. LONDON, Oct 30- The dollar climbed to its highest in more than three weeks against a basket of currencies, buoyed by higher U.S. yields, after the Federal Reserve sounded less dovish on policy and more confident about the U.S. economic recovery. "The positive sentiment is likely to be reinforced by today's...

  • Spanish economy grows for 5th quarter in a row Thursday, 30 Oct 2014 | 4:35 AM ET

    MADRID— Spain's economy grew by 0.5 percent in the third quarter compared with the previous three months, its fifth consecutive quarterly growth. In provisional estimates released Wednesday, the National Statistics Institute said the economy grew by 1.6 percent over the past 12 months, up from the 1.3 percent year-on-year increase registered in the second...

  • Solid third-quarter US economic growth is expected Thursday, 30 Oct 2014 | 3:01 AM ET

    WASHINGTON— The U.S. economy powered its way to a solid annual growth rate of 3.5 percent from July through September, outpacing most of the developed world and appearing on track to extend its momentum through this year and beyond. The result isn't a fluke. Doug Handler, chief U.S. economist at IHS Global Insight, credited the Fed and its bond purchases with helping...

  • *Gold extends losses after Fed ends bond buying. SINGAPORE, Oct 30- Gold fell to a three-week low on Thursday after the U.S. Gold, often seen as an alternative investment during economic and financial uncertainty, fell on fears the vote of confidence in the recovery could prompt the Fed to raise interest rates soon.

Contact Europe: Economy

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