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Europe: Economy

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  • LONDON, Sept 16- German 10- year yields fell back below 1 percent on Tuesday as data showed investor morale hit its lowest in nearly two years in September, suggesting tensions between Russia and the West had hit Europe's largest economy.

  • MOSCOW, Sept 16- Russia risks slipping into recession because the government is not investing enough in the economy to weather Western sanctions, former finance minister Alexei Kudrin said on Tuesday, criticizing the strategy so far.

  • Dutch ease off austerity, will spend on military Tuesday, 16 Sep 2014 | 6:47 AM ET

    AMSTERDAM— The Dutch government is presenting a budget for 2015 that for the first time in years will be focused less on financial austerity and more on security in light of international conflicts.

  • Ukraine, Scotland dent German investor optimism Tuesday, 16 Sep 2014 | 6:18 AM ET

    FRANKFURT, Germany— A key measure of German investor optimism fell in September for the ninth month in a row, dragged down by worries over the crisis in Ukraine, economic stagnation in Europe and the upcoming independence referendum in Scotland. But the major factor appears to have been fear that the conflict between Russia and Ukraine could escalate.

  • Drops in food, gas prices push UK inflation down Tuesday, 16 Sep 2014 | 5:21 AM ET

    LONDON— Official figures show that inflation in the U.K. eased further below the Bank of England's target in August following falls in food and fuel prices.

  • *ECB openly addresses economic benefits of weaker euro. FRANKFURT/ TOKYO/ WASHINGTON, Sept 16- Attempts by the European Central Bank to weaken the euro have the potential to spark a currency war but policymakers across the world are keeping silent, knowing the ECB has scant alternatives to keep its economy afloat.

  • French prime minister wins confidence vote Tuesday, 16 Sep 2014 | 4:25 AM ET

    PARIS— French Prime Minister Manuel Valls won a vote of confidence on Tuesday in a tense ballot, allowing him to push through economic reforms that have divided his Socialist Party. The result denies the government its absolute majority, but still allows Valls to carry out reforms aimed at lifting France out of its economic crisis.

  • MOSCOW, Sept 16- Russia's economy could contract 3-4 percent if western nations tighten sanctions over Moscow's role in the Ukraine crisis to make them similar to those imposed on Iran, former finance minister Alexei Kudrin said on Tuesday. Western sanctions already bar some of Russia's largest companies and banks from raising financing on western markets.

  • Stocks end higher as investors await news from Fed Tuesday, 16 Sep 2014 | 2:00 AM ET

    NEW YORK— The stock market rose Tuesday as investors waited to find out when the Federal Reserve might raise interest rates. "The economy continues to improve in the U.S., and there's still an accommodative Fed," said Brad Sorensen, director of market and sector research at the Schwab Center for Financial Research.

  • OECD's euro zone downgrade is overdue: Pro     Monday, 15 Sep 2014 | 11:10 PM ET

    Joerg Kraemer, Chief Economist of Commerzbank, agrees with the OECD's move to cut growth forecasts for the euro zone and says the European Central Bank is being overly optimistic.

  • Scotland: Yes vs No campaign     Monday, 15 Sep 2014 | 9:17 PM ET

    Riad Younes, Co-founder of R Squared Capital Management, discusses his expectations for the referendum and highlights the sources of political instability that Europe could see moving forward.

  • NYMEX-U.S. oil retreats on softer economic data Monday, 15 Sep 2014 | 8:29 PM ET

    It settled 65 cents a barrel higher at $92.92 on the previous session, recovering by more than $2 a barrel after falling earlier in the session towards 16- month lows. *November Brent gained 20 cents a barrel to $98.08 after it ended 8 cents lower at $97.88.

  • Business Highlights Monday, 15 Sep 2014 | 5:46 PM ET

    'Minecraft' could boost Microsoft's mobile reach. NEW YORK— Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. In addition, the founders of Mojang, the Swedish company behind "Minecraft," aren't staying with Microsoft.

  • *Fed meeting, Scotland independence vote major risks ahead. NEW YORK, Sept 15- The dollar rose against major currencies on Monday, bolstered by expectations the Federal Reserve this week will acknowledge anew improvements in the U.S. economy and provide fresh details about the U.S. central bank's looming tightening policy.

  • FOREX-Dollar gains as markets price in a hawkish Fed Monday, 15 Sep 2014 | 10:03 AM ET

    *Fed meeting, Scotland independence vote major risks ahead. NEW YORK, Sept 15- The dollar rose against major currencies on Monday, bolstered by expectations the Federal Reserve this week will acknowledge anew improvements in the U.S. economy and provide fresh details about the central bank's looming tightening cycle.

  • PARIS, Sept 15- The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.

  • Eurozone economic growth forecast cut Monday, 15 Sep 2014 | 6:37 AM ET

    The Organization for Economic Cooperation and Development, a think tank dealing with the world's developed countries, cut its forecasts for the eurozone this year to 0.8 percent from 1.2 percent in its May assessment. Italy, one of the more troubled economies in Europe, was downgraded from 0.5 percent to minus 0.4 percent.

  • MOSCOW, Sept 15- Russia's rouble currency hit a new low against the dollar on Monday, hit by falling oil prices and a decision by the central bank not to raise interest rates despite investor concern over the economic effect of the Ukraine crisis.

  • PARIS, Sept 15- The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.

  • *Gulf better able to handle U.S. rate hikes than most regions. *Bahrain and Oman budgets, Dubai property market may be losers.

Contact Europe: Economy

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