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  • BERLIN— Germany's finance minister is cautioning Greek politicians against promising things they can't deliver in upcoming elections and making clear that he opposes a new debt writedown for Athens. Greece will hold elections Jan. 25, with polls pointing to a first-place finish for the anti-bailout Syriza party. Asked about that demand, German Finance...

  • DIARY- Top Economic Events to Jan 30 Friday, 16 Jan 2015 | 7:00 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart gives welcome remarks and speaks on " Federal Reserve Bank of Atlanta's CED Programs and Financial Literacy Programs" before the HOPE Global Forum- 1350 GMT. DUBLIN- The Central Bank of Ireland, Center for Economic Policy Research and International Monetary Fund are organizing a...

  • ZURICH, Jan 16- The Swiss National Bank had little choice but to abandon its three-year-old cap on the franc but its execution of the move left a vacuum of policy uncertainty where a pillar of stability stood before. With the euro diving against the dollar as the European Central Bank gears up for fresh stimulus as early as next week, the SNB felt the 1.20- francs-...

  • ZURICH, Jan 16- The Swiss National Bank had little choice but to abandon its three-year-old cap on the franc but its execution of the move was clumsy, and left a vacuum of policy uncertainty where a pillar of stability stood before. With the euro diving against the dollar as the European Central Bank gears up for fresh stimulus as early as next week, the SNB felt the...

  • BERLIN/ FRANKFURT, Jan 16- German Chancellor Angela Merkel met with European Central Bank President Mario Draghi on Wednesday, a government spokesman said, ahead of a key ECB meeting at which the bank is poised to announce a scheme to print fresh money to buy state bonds. Launching the scheme, however, faces political obstacles such as opposition from Germany's...

  • BERLIN, Jan 16- German Chancellor Angela Merkel met with European Central Bank President Mario Draghi on Wednesday ahead of a rate-setting meeting next week at which the bank is widely expected to announce a quantitative easing programme, a government spokesman said. Both Merkel and Draghi appeared on Wednesday at a conference in Berlin hosted by German...

  • *IEA: price floor "anybody's guess," recovery may not be imminent. LONDON, Jan 16- Brent crude oil rose more than $2 to around $50 a barrel on Friday after the West's energy watchdog forecast the market sell-off would end, although analysts said a strong rebound soon was unlikely as global output continued to outweigh demand. The International Energy Agency said the...

  • Ford to raise German production as demand rebounds Friday, 16 Jan 2015 | 6:02 AM ET

    *Ford to add six weekend shifts in Jan-Feb at Cologne. The U.S. carmaker will raise output of its Fiesta hatchback at Cologne, its main European plant, by 300 vehicles a day starting in February to 1,850.. EU car sales may keep growing this year by as much as 5 percent after a 5.7 percent increase in 2014, Hanover- based NordLB analyst Frank Schwope said, citing demand...

  • Steffen Kampeter, deputy finance minister of Germany, says 2015 will be a year of recovery for the euro zone, as long as countries carry out structural reforms.

  • No fear of deflationary spiral: Dep German Fin Min  Friday, 16 Jan 2015 | 1:30 AM ET

    Steffen Kampeter, deputy finance minister of Germany, says core inflation in the euro zone is rising, adding that he does not fear a deflationary spiral in the single currency bloc.

  • Germany might raise GDP outlook: Dep Fin Min  Friday, 16 Jan 2015 | 1:30 AM ET

    Steffen Kampeter, deputy finance minister of Germany, says the low oil price and weak euro will help boost the country's economy and could push the government to raise its growth forecast.

  • BERLIN, Jan 15- The German government is considering increasing public investment from next year following news that it reached its goal to balance the federal budget a year ahead of schedule, coalition sources said on Thursday. In November, amid pressure from European partners like France and Italy, Finance Minister Wolfgang Schaeuble announced plans to...

  • Swiss abandons peg on franc  Thursday, 15 Jan 2015 | 11:30 AM ET

    CNBC's Simon Hobbs takes a look at how European markets are responding to the Swiss central bank's foreign exchange move.

  • Jan 15- The European Central Bank will almost certainly embark on a sovereign bond purchase program, and possibly announce one as soon as next week, according to economists in a Reuters poll. After exhausting almost every other policy tool- interest rates are rock-bottom, banks have been flooded with cheap cash and financial securities snapped up- buying...

  • *Faltering euro zone and China, disinflation biggest risks. BENGALURU, Jan 15- Global economic growth will be modest at best in the coming year as weak inflation persists, Reuters polls showed on Thursday, while a faltering euro zone and China could restrain it further. Economists polled over the past week by Reuters say the biggest risk to the global economy this...

  • EU may flirt with Moscow, not yet set to yield Thursday, 15 Jan 2015 | 9:42 AM ET

    BRUSSELS, Jan 15- The European Union's foreign policy chief Federica Mogherini has set out ways to tempt Russia into defusing the Ukraine crisis but the divided bloc is unlikely to ease sanctions or thaw chilly relations with Moscow any time soon. In a paper to be put to EU foreign ministers on Monday as they prepare a leaders' summit in March that will review...

  • *Markets rocked as Switzerland abandons 3- yr franc cap. LONDON, Jan 15- Global markets were thrown into turmoil on Thursday as a shock move by Switzerland to abandon its three-year cap on the franc sent the currency soaring and Europe's shares and bond yields tumbling. The pan-European FTSEurofirst 300 plunged over 2 percent, led by a 5 percent slump in...

  • BERLIN, Jan 15- Private consumption and trade fuelled a 1.5 percent expansion of the German economy in 2014, its best performance in three years but a result which masked weakness in the final three quarters of the year. Record high employment, rising wages and moderate inflation are all boosting household spending in Germany. Foreign trade, a traditional...

  • Switzerland stuns markets by giving up on currency peg Thursday, 15 Jan 2015 | 4:46 AM ET

    The Swiss franc achieved a turbo-charged lift Thursday after the Swiss National Bank, or SNB, ditched an increasingly expensive policy to limit the export-sapping rise of the currency. The decision by the SNB to call time on its efforts to prevent the euro from trading below 1.20 francs was a huge surprise and came amid mounting speculation that the European...

  • *Asset could be worth up to 2 bln euros- Bloomberg. FRANKFURT, Jan 15- German drugmaker Boehringer Ingelheim said it is considering the sale of its U.S.-based generics unit Roxane Labs to put a stronger focus on the development and sale of new pharmaceuticals. A company spokeswoman said Boehringer was not a specialist in generics and was therefore considering...