Finnish Prime Minister Alexander Stubb said European Union leaders would not decide on sanctions against Russia at a summit in Brussels on Saturday.» Read More
BRUSSELS— Inflation rate in eurozone drops to 0.3 percent in August in further sign of economic weakness.
*Euro zone annual inflation August due at 0900 GMT. BRUSSELS/ FRANKFURT, Aug 29- If euro zone inflation falls deeper into the' danger zone' as expected on Friday, it will at the very least complicate the European Central Bank's plans to wait and see whether its recent policy move to ignite the euro zone economy will work.
*Decisions will help shape EU policy on economy, Ukraine. WARSAW/ BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk is seriously considering a proposal that he take the post of president of the European Council, a Warsaw government spokeswoman said on Thursday, linking his decision to the crisis in neighbouring Ukraine.
WASHINGTON— Commerce Department releases personal income and spending for July, 8:30 a.m.. WASHINGTON— The University of Michigan issues its index of consumer sentiment for August, 10:30 a.m.. BRUSSELS— Eurostat releases Eurozone inflation data.
*Polish PM Tusk favorite to take helm of European Council. WARSAW, Aug 28- If Polish Premier Donald Tusk becomes, as tipped, President of the European Council, it would mark Poland's arrival at the top table of EU policymaking, but could drag his ruling Civic Platform party to defeat at next year's domestic elections.
*EU leaders to hold jobs summit on Saturday in Brussels. BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk has emerged as clear favorite for the key post of president of the European Council when EU leaders meet for a special summit on Saturday, several sources familiar with the selection process said.
LONDON, Aug 28- European shares took a sharp tumble on Thursday as accusations by Ukraine that Russia had moved troops across the border brought a three-day global rally in risk assets to a shuddering halt. Ukrainian President Petro Poroshenko said Russian forces had entered Ukraine, and he convened his security and defense council to decide how to respond.
BRUSSELS— Don't be fooled by Angela Merkel. "If you look at the family picture of these European summits for the past few years, there always is this blot of grey men in lookalike suits and the color of only a few women," said European political science Professor Hendrik Vos of Ghent University.
*EU leaders to hold jobs summit on Saturday in Brussels. BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk has emerged as clear favourite for the key post of president of the European Council when EU leaders meet for a special summit on Saturday, several sources familiar with the selection process said.
LONDON, Aug 28- The euro clung to modest gains and a rally in Europe's share and bond markets cooled on Thursday as investors put bets on possible fresh ECB stimulus next week on hold ahead of German inflation data.
*German inflation figures due at 1200 GMT. *Italy sells up to 8 bln euros of five- and 10- year bonds. LONDON, Aug 28- Euro zone bond yields held at record lows on Thursday as a drop in Spanish inflation in August kept pressure on the European Central Bank to ease policy further.
*Russia halted gas flows to Ukraine in June. KIEV, Aug 27- Ukraine warned Europe on Wednesday that Russia could cut off gas to the continent this winter, but Moscow responded that the supply of gas would continue regardless of politics.
EU Commission tells France: time to speed up reforms. By Ingrid Melander and Jean-Baptiste Vey. JOUY-EN-JOSAS, France, Aug 27- French Prime Minister Manuel Valls launched a charm offensive on the corporate world on Wednesday, promising to speed reforms aimed at freeing up the economy and to make tens of billions of euros in tax cuts.
*EU Commission tells France: time to speed up reforms. "It is urgent for France but not just France, for the other countries which are in a similar situation to speed up the work they are doing, the structural reforms," said a spokesman for EU Economic Commissioner Jyrki Katainen.
*Russia halted gas flows to Ukraine in June. *But supplies via Ukraine intended for EU have kept flowing. KIEV, Aug 27- Europe faces the increasing threat of a disruption to gas supplies from its main provider Russia this winter due to the crisis in Ukraine, through which almost half of supplies flow.
DUBLIN— European budget carrier Ryanair is offering business-class tickets in an attempt to woo companies and governments during penny-pinching times. Ryanair says more than a quarter of its passengers already are business travelers.
LONDON, Aug 26- British Prime Minister David Cameron is ready to back his Polish counterpart Donald Tusk as the next president of the European Council after receiving assurances he is sympathetic to the British leader's plans to reform the European Union.
ROME, Aug 24- The euro zone's growing fears of deflation will be stirred again on Friday when preliminary consumer price data for August is issued, with signs the European Central Bank could be looking at bolder steps to help the region's stagnant economy.
NAGOYA, Japan/ TOKYO, Aug 24- When a Japanese carmaker issued a tender for shock absorbers a few years ago for a model it planned to sell in Indonesia, two suppliers came back with bids that were "so obviously coordinated," said an executive at the automaker.
KIEV/ DONETSK-IZVARINO BORDER CROSSING, Russia, Aug 22- T he United States demanded Moscow remove an aid convoy it sent into rebel-held eastern Ukraine without permission on Friday, accusing Russia of a flagrant violation of the sovereignty of its former Soviet neighbor and threatening more sanctions.