Europe: Economy


  • EU proposes $380 billion investment plan Wednesday, 26 Nov 2014 | 3:52 AM ET

    BRUSSELS— The European Union's executive is proposing a 315- billion euro investment plan to boost the bloc's flagging economy, a scheme whose success will depend on leveraging 21 billion euros in guarantees and seed money to attract private funds. European Commission President Jean-Claude Juncker said Wednesday that the long-awaited plan will not...

  • Juncker outlines 'grand bargain' investment plan     Wednesday, 26 Nov 2014 | 3:15 AM ET

    European Commission President Jean-Claude Juncker explains his investment plan to the European Parliament, branding it a "grand bargain to put Europe back to work".

  • METALS-Copper rebounds on upgrade to U.S. GDP data Tuesday, 25 Nov 2014 | 9:36 PM ET

    GDP data after slipping overnight, while Shanghai futures faced downward pressure. *Three-month copper stood at $6,608.75 a tonne at 0200 GMT, up $2.75 from the London close. *The most-traded January copper contract on the Shanghai Futures Exchange slipped 0.9 percent to 47,250 yuan a tonne.

  • Europe shares end higher; banks rally on stimulus hopes Tuesday, 25 Nov 2014 | 12:48 PM ET

    PARIS, Nov 25- European stocks ended slightly higher on Tuesday as euro zone banking shares climbed on mounting expectation of more stimulus from the European Central Bank. Crude prices fell again on Tuesday, down by more than $1 a barrel to near four-year lows, after a meeting between Saudi Arabia, Venezuela and major non- OPEC oil exporters ended with no deal on...

  • Greek bailout talks resume in Paris Tuesday, 25 Nov 2014 | 12:09 PM ET

    PARIS— Greece resumed negotiations in Paris with bailout inspectors on Tuesday, as officials in Athens said the country would seek a more gradual exit from the massive rescue program than previously hoped. Greek Finance Minister Gikas Hardouvelis started the weeks-delayed talks with representatives from the European Commission, European Central Bank...

  • Guessing game: What are OPEC nations thinking? Tuesday, 25 Nov 2014 | 12:08 PM ET

    Trying to guess what OPEC members are thinking in the run-up to Thursday's meeting in Vienna is a high stakes parlor game for energy analysts, political scientists and armchair geo-politicians. There is political upheaval across the Middle East, Iran is suffering under Western sanctions, and surprising growth in oil production outside of OPEC is sapping...

  • *Falling oil prices have undermined Nigeria's reserves. ABUJA, Nov 25- Nigeria's central bank devalued the naira by 8 percent and raised interest rates sharply on Tuesday, as it sought to stem losses to its foreign reserves from defending the currency against weaker oil prices. The last time it devalued was in November 2011, when it lowered the band from 145- 150...

  • Deflation is not a major risk: Bundesbank     Tuesday, 25 Nov 2014 | 11:10 AM ET

    Claudia Buch, deputy president at the Bundesbank, says the central bank doesn't think a disinflationary scenario in the euro zone is "imminent".

  • US economy posts even stronger growth in Q3 Tuesday, 25 Nov 2014 | 8:31 AM ET

    The gross domestic product, the country's total output of goods and services, expanded at a healthy 3.9 percent annual rate in the July-September period, the Commerce Department reported Tuesday. Japan unexpectedly found itself back in recession in the July-September period. And momentum in emerging economies like China and Brazil is also shaky.

  • Ahead of the Bell: US economy-GDP Tuesday, 25 Nov 2014 | 7:08 AM ET

    WASHINGTON— The Commerce Department issues its second of three estimates of how fast the U.S. economy grew in the July-September quarter. The report will be released at 8:30 a.m. EST Tuesday. GROWTH SOLID: The expectation is that the revised estimate will show the economy grew at an annual rate of 3.2 percent in the third quarter, according to a survey of...

  • *German Q3 GDP up 0.1 percent, in line with flash estimate. *Private consumption posts biggest rise in three years. BERLIN, Nov 25- A sharp rise in private consumption more than compensated for stubborn weakness in investment to help the German economy post modest growth in the third quarter and avoid a technical recession, data showed on Tuesday.

  • Global watchdog calls for more EU spending Tuesday, 25 Nov 2014 | 6:21 AM ET

    PARIS— Europe must relax its fiscal rules and let governments spend more money or risk dragging down the global economy, a major international organization said Tuesday. The report by the Organization for Economic Cooperation and Development, a gathering of the world's richest countries, found Europe has consistently underperformed economically and...

  • OECD sees gradual world recovery, urges ECB to do more Tuesday, 25 Nov 2014 | 5:30 AM ET

    PARIS, Nov 25- The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday. The United States and Britain will grow more strongly then the euro zone and Japan and, among emerging countries, India, Indonesia...

  • LONDON, Nov 25- Bank of England Governor Mark Carney and other BoE policymakers are speaking to the Treasury Committee in Britain's parliament. BOE's JON CUNLIFFE, ON INFLATION RISKS. BOE'S KRISTIN FORBES ON RISKS TO UK ECONOMY.

  • Kingfisher reports 'uninspiring' earnings     Tuesday, 25 Nov 2014 | 4:30 AM ET

    Richard Hunter, head of U.K. equities at Hargreaves Lansdown says that Kingfisher's Q3 earnings were rather "uninspiring".

  • Asia stocks rise after US growth revised higher Tuesday, 25 Nov 2014 | 3:09 AM ET

    NEW YORK— A slump in energy prices pushed the stock market back from record levels on Tuesday. Traders speculated that member nations of the oil-producing group OPEC would fail to agree on production cuts at an upcoming meeting in Vienna on Thursday. The gains are likely to continue for now, said Jim McDonald, chief investment strategist at Northern Trust.

  • MOSCOW, Nov 25- Rating agency Standard& Poor's is unlikely to change Russia's rating even if the country falls into recession, the agency's senior director for sovereign ratings, Christian Esters, said on Tuesday. "External and fiscal buffers are strong enough to support the rating even if the economy goes into recession," he said at a conference in Moscow.

  • Europe following 'horrors' of 90s Japan: Pro     Tuesday, 25 Nov 2014 | 3:00 AM ET

    Trevor Greetham, asset allocation director at Fidelity Worldwide Investment, and Sean Corrigan, chief investment strategist at Diapason Commodities Management, discuss the deflationary issues facing Europe and the similarity with Japan in the 1990s.

  • *German Q3 GDP up 0.1 percent, in line with flash estimate. BERLIN, Nov 25- A sharp rise in private consumption more than compensated for stubborn weakness in investment, helping the German economy post modest growth in the third quarter and avoid recession, data showed on Tuesday. Germany's Federal Statistics Office confirmed an earlier flash estimate showing a...

  • BioBoxes-United Technologies-Chenevert, Successors Monday, 24 Nov 2014 | 2:55 PM ET

    CAREER: Chief executive officer and chairman of United Technologies Corp., 2008 to 2014, chief operating officer of United Technologies, president of jet engine manufacturing subsidiary Pratt& Whitney. EXECUTIVE STYLE: Chenevert frequently talked about urbanization as a driver for growth for United Technologies. Urbanization also will lead to increased...

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