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Europe: Economy

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  • Greek officials, debt inspectors to meet in Paris Monday, 24 Nov 2014 | 5:39 AM ET

    ATHENS, Greece— The Greek finance ministry says the country's debt inspectors will meet with Greek officials in Paris on Tuesday to move ahead with the stalled review of the nation's financial reforms. Greece and its debt inspectors— from the International Monetary Fund, European Commission and European Central Bank— disagree on what reforms remain to be...

  • *Athens wants to conclude review so it can exit bailout. ATHENS, Nov 24- Greece's government will resume stalled talks with EU/IMF lenders in Paris on Tuesday, as Athens pushes to conclude a crucial review by inspectors so it can make an early exit to an unpopular bailout programme. But talks floundered over a projected budget gap for next year and EU/IMF...

  • *Sources say China ready to ease further after rate cut. LONDON, Nov 24- World stock markets ground their way higher on Monday after a frenetic round of activity at central banks in Asia and Europe showed they are willing to do more to support economic growth and higher inflation. European Central Bank chief Mario Draghi also looked to be clearing the way for the...

  • UPDATE 1-German business morale rebounds in November Monday, 24 Nov 2014 | 4:36 AM ET

    BERLIN, Nov 24- German business sentiment rebounded in November, breaking a streak of six straight declines, in a sign that Europe's largest economy may be gaining some momentum again after narrowly avoiding a recession in the third quarter. The Ifo's business climate index, based on a monthly survey of some 7,000 firms, rose to 104.7 from 103.2 in the previous...

  • US stocks inch further into record territory Monday, 24 Nov 2014 | 4:22 AM ET

    BEIJING— Asian stocks rose Monday after China's surprise interest rate cut as investors looked ahead to European inflation data due out this week and an OPEC meeting to discuss oil production levels. London's FTSE 100 shed 0.1 percent to 6,744.08. ASIA'S DAY: China's Shanghai Composite Index jumped 1.9 percent to 2,532.88 and Hong Kong's Hang Seng rose by the...

  • German business confidence up after long decline Monday, 24 Nov 2014 | 4:15 AM ET

    BERLIN— A closely-watched survey shows German business confidence rose in November, putting an end to six consecutive months of declines. The German economy has been held back by slower demand in key export market China, and by worries about the conflict between Russia and Ukraine. Germany's economy shrank 0.1 percent in the second quarter but returned to...

  • German business morale rebounds in November Monday, 24 Nov 2014 | 4:06 AM ET

    BERLIN, Nov 24- German business sentiment rebounded in November, breaking a streak of six straight declines, in a sign Europe's largest economy is gaining momentum again after narrowly avoiding a recession in the third quarter. The Ifo's business climate index, based on a monthly survey of some 7,000 firms, rose to 104.7 from 103.2 in the previous month, the Munich-...

  • Holger Schmieding, chief economist at Berenberg Bank, talks about Germany's IFO Business Climate Index for November, saying that having "positive German numbers" is a turnaround that both the country and Europe needs.

  • LONDON, Nov 24- The euro flirted with a two-year trough against the dollar on Monday as investors bet the European Central Bank would ease monetary policy more aggressively to ward off deflation in the stuttering euro zone. Draghi's comments saw the euro lose more than 1.2 percent on Friday- its biggest daily fall in 2-1/ 2 months- and it dropped further in early...

  • Asian stocks gain after China rate cut Sunday, 23 Nov 2014 | 11:00 PM ET

    BEIJING— Asian stocks rose Monday after China's surprise interest rate cut as investors looked ahead to European inflation data due out this week and OPEC meeting to discuss oil production levels. KEEPING SCORE: China's Shanghai Composite Index jumped 1.7 percent to 2,529.83 points and Hong Kong's Hang Seng surged 1.8 percent to 23,862.69.

  • SYDNEY, Nov 24- London Metal Exchange metals eased on Monday, paring gains sparked by China's first rate cut in two years, as the prospect of sputtering growth in the world's top metals consumer cast doubts over the strength of its metals demand. *European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent...

  • SINGAPORE, Nov 24- U.S. crude futures steadied above $76 a barrel on Monday, clinging to gains from the previous session after a rally spurred by China's first interest rate cut in more than two years. *Friday's surprise cut in China's interest rates reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures...

  • LONDON, Nov 23- European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy. A sickly Europe has held back global economic growth for years, and now it is contributing significantly to powerful forces already...

  • PARIS, Nov 23- The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy. Treasury Secretary Larry Summers says Europe risks "secular stagnation"- a long-term, self-perpetuating slump similar to the one that followed the Great Depression in the 1930 s. France's economy is flatlining, Italy's has fallen back into...

  • MINSK, Nov 22- Belarus has cut its 2015 economic growth forecast to 0.2-0.7 percent from the previous 2.0 percent because of the economic slowdown in Russia, state news agency Belta quoted Economy Minister Nikolai Snopkov as saying. In recent years, Belarus has received tens of billions of dollars in loans and rebates for energy prices from Russia, hit this year...

  • ATHENS, Nov 21- Greece's government on Friday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast. The government and the European Union and International Monetary Fund have been at loggerheads over the projected 2015 deficit, with the lenders...

  • Dow, S&P 500 push further into record territory Friday, 21 Nov 2014 | 4:12 PM ET

    Stocks are pushing further into record territory as investors welcome a move by China to stimulate its economy by lowering interest rates. Hints from the head of Europe's central bank that it might step up its own stimulus efforts also put investors in a buying mood Friday. Caterpillar jumped 4 percent, the biggest gain in the Dow.

  • *Shares soar on China rate cut, Draghi stimulus hopes. *Euro tumbles on Draghi; Brent above $80 a barrel. NEW YORK, Nov 21- World stock markets and oil prices rallied Friday, fueled by hopes for global growth following a surprise interest rate cut by China and as the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.

  • 2015 stock outlook: Good but not great, and bumpy Friday, 21 Nov 2014 | 1:51 PM ET

    NEW YORK— Stocks can keep climbing next year, tacking even more gains onto their phenomenal run of the last five-plus years. Just don't expect them to be as big-- or to come with as little heartburn-- as before. The economy is growing, and employers have added more than 200,000 jobs for nine straight months, the longest such streak since 1995. "Everything is pointing to...

  • BRUSSELS, Nov 21- Europe's proposed free trade agreement with the United States would collapse if European leaders bowed to pressure to remove investment protection from any deal, the chairman of EU trade ministers said on Friday. The United States and the European Union are trying to seal a free trade deal which could bring economic gains of around $100...