Europe: Economy


  • *Weak economic outlook in China, Europe weighs on prices. HOUSTON, Sept 22- Crude oil futures fell more than $1 on Monday as ample supply and slowing economic growth in Europe and China outweighed expectations of a cut in oil output from the Organization of the Petroleum Exporting Countries.

  • The key to unlocking Iran's economic potential Monday, 22 Sep 2014 | 12:49 PM ET
    Espinas International Hotel in Tehran, Iran

    After more than three decades of sanctions by the U.S., the EU and the UN, Iran could soon be open for business, says Dan Steinbock.

  • Draghi gets a grilling, defends cheap loan program Monday, 22 Sep 2014 | 12:19 PM ET
    Mario Draghi, President of the European Central Bank

    The President of the ECB is back in the spotlight as he testifies in front of policymakers amid and questions over the effectiveness of his policies.

  • FOREX-Dollar softens after record run-up Monday, 22 Sep 2014 | 10:42 AM ET

    An exception was the Australian dollar, stung by concerns over global growth and suggestions at a meeting of G20 officials that China might hold off from further stimulus for the economy. Australia's currency is often used as a liquid proxy for China plays, as the two countries are major trading partners.

  • BRUSSELS, Sept 22- The European Central Bank stands ready to use additional unconventional tools if needed to spur inflation and growth in the euro zone, ECB President Mario Draghi said on Monday. Such quantitative easing, or QE, would face strong resistance in Germany.

  • BERLIN, Sept 22- France's Manuel Valls used his first visit to Berlin as prime minister on Monday to try to convince Germany his government is serious about making its economy more competitive, declaring that France "is not the sick child of Europe."

  • MANCHESTER, England, Sept 22- Britain's opposition Labor party promised on Monday to keep a firm grip on spending if it wins next year's election, seeking to persuade voters with tough budget talk that the recovering economy will be safe in its hands.

  • Draghi: Euro recovery losing momentum Monday, 22 Sep 2014 | 9:38 AM ET

    FRANKFURT, Germany— European Central Bank head Mario Draghi defended the bank's new stimulus programs as he warned that the weak economic recovery in the eurozone "is losing momentum."

  • UPDATE 1-ECB's Praet - give euro zone a seat at IMF Monday, 22 Sep 2014 | 8:51 AM ET

    BERLIN, Sept 22- The euro zone should have its own single representation at the International Monetary Fund, the European Central Bank's chief economist said on Monday, a call which may encounter resistance around the bloc.

  • Big, bad business: Survey     Monday, 22 Sep 2014 | 8:34 AM ET

    Former U.S. Congressman Barney Frank, and Douglas Holtz-Eakin, American Action Forum president, discuss the challenges facing corporate America.

  • Global take on business: Survey     Monday, 22 Sep 2014 | 7:31 AM ET

    Susan Li, "Squawk Box Asia," and Geoff Cutmore, "Squawk Box Europe," highlight the geographic differences on how people view corporations across the globe.

  • LONDON, Sept 22- Concern about a slowdown in China hammered stocks and commodities on Monday while signs of differences between major economic powers on the need to stimulate growth further clouded the outlook. The slide was carried over into Europe, where fears over Chinese demand hit miners' shares.

  • *Weak economic outlooks in Europe, China weigh. *Investors look past possible OPEC output cut. Comments from OPEC's secretary general last week that the group could cut output next year buoyed Brent, but investors' attention turned back to the gloomy economic outlook in Europe and China, which has curbed oil demand.

  • German Amazon workers on strike for higher pay Monday, 22 Sep 2014 | 4:06 AM ET

    BERLIN— Workers at four of Amazon.com' s German distribution centers have started a two-day strike in a long-running dispute over wages. Amazon employs some 9,000 people in total at nine locations in Germany. Amazon says its distribution warehouses in Germany are logistics centers and employees already earn wages on the upper end of that industry.

  • US stocks drop as China, oil weigh on markets Monday, 22 Sep 2014 | 1:36 AM ET

    NEW YORK— Worries about the outlook for growth in China and a slide in the price of oil pushed the stock market to its biggest loss in almost seven weeks Monday. Investors are nervous about China following a run of soft economic data that suggests growth in the world's second-largest economy is slowing.

  • French Finance Minister Michel Sapin, says Germany has made key structural reforms and other euro zone countries should follow its example to improve the economy.

  • Dariusz Kowalczyk, Senior Economist & Strategist at Credit Agricole, expects the euro to gravitate towards 1.20 against the greenback by end-2015. He also explains his bearish bet on the Indonesian rupiah.

  • Andrew Naylor, Executive Director of Cicero Group, says the recent G-20 summit has increased the pressure on the euro zone to start boosting growth.

  • TOKYO, Sept 22- The dollar hovered near six-year highs against the Japanese yen on Monday, underpinned by expectations the world's biggest economy will see the start of its rate-tightening cycle sooner-than-expected.

  • Germans would shoot down a 'Helicopter Mario' Sunday, 21 Sep 2014 | 6:28 PM ET

    News that the euro area banks have been doing well on asset quality tests has please ECB officials, but German authorities are not content.

Contact Europe: Economy


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