France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.» Read More
France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.
BERLIN, May 19- France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published on Sunday.
Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.
*Spain, Italian yields extend fall after supply this week. *Spain to auction more bonds next week. With the unscheduled supply pressure out of the way, the rally in peripheral debt is expected to continue at least until Federal Reserve Chairman Ben Bernanke's testimony before the congressional Joint Economic Committee on Wednesday.
*Spain, Italian yields extend fall after supply this week. *Spain to auction more bonds next week. LONDON, May 17- German Bunds hit one-week highs on Friday, with traders citing talk the European Central Bank was checking with some banks whether they were ready for a potential cut in its deposit rate to below zero.
BRUSSELS, May 16- Falling prices in Germany and France pulled euro zone consumer inflation to a three-year low in April while imports fell 10 percent in March, as new data showed the depth of the bloc's downturn.
LONDON, May 16- The dollar was near a six-week high against the euro and a 4-1/ 2 year peak against the yen on Thursday on prospects for more monetary easing in the euro zone and scaled back asset buying in the United States.
NEW YORK, May 15- The euro slipped to its lowest level against the dollar in six weeks on Wednesday as data showing an unexpectedly large contraction of the euro zone economy raised expectations for more monetary easing by the European Central Bank.
*Disappointing U.S., euro zone data fuel hope of stimulus. NEW YORK, May 15- U.S. stocks climbed to record highs Wednesday as weak data reinforced an expectation that stimulative central bank policies would continue, while evidence that Europe was stuck in recession pushed the euro to a six-week low against the dollar.
*Disappointing U.S., euro zone data fuel hopes of stimulus. NEW YORK, May 15- A batch of disappointing economic reports knocked U.S. stock prices from their record highs on Wednesday, while evidence that Europe was stuck in recession pushed the euro to a six-week low against the dollar.
*Germany returns to anaemic growth; France shrinks. BRUSSELS/ BERLIN, May 15- Germany's economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter, and France slid into recession.
LONDON, May 15- The euro hit a six-week low against the dollar on Wednesday after data showing the euro zone economy contracted more than expected in the first quarter of the year, strengthening the case for another interest rate cut.
*France, Italy, Spain, Netherlands, Finland all shrink.
DUBLIN, May 15- Ryanair aims to grow much faster than previously indicated over the next five years in a bid to exploit the weakness of mid-tier European rivals struggling with recession, the firm's chief operating officer has told Reuters.
BERLIN/ PARIS, May 15- Germany's economy crept back into growth in the first quarter of the year, after a sharp contraction at the end of 2012, while France slipped into recession, data showed on Wednesday.
ATHENS, Greece-- Greece has raised 1.3 billion euros in a treasury bill auction held after the country's bailout lenders approved the payment of a new batch of rescue loans. Eurozone finance ministers in Brussels late Monday approved the next batch of 7.5 billion euros in loans to Greece, citing progress in the country's deficit cutting program.
TOKYO, May 14- Asian shares steadied on Tuesday, snapping a two-day losing streak as a suprising rise in U.S. retail sales boosted optimism about the recovery in the world's largest economy, but the dollar took a breather after recent broad gains ahead of more data.
NEW YORK, May 13- The dollar climbed against the yen and euro for a third straight session on Monday as U.S. retail sales data eased fears about an economic slowdown in the world's largest economy.
NEW YORK, May 13- The dollar rose for a third straight session against the yen and euro on Monday as U.S. retail sales data assuaged fears about an economic slowdown in the world's largest economy, prompting participants to ponder the path of Federal Reserve policy.
*Late payment hitting southern Europe harder than the north. *Business confidence down across Europe. Against the backdrop of the economic downturn and restricted bank lending in Europe, experts fear that the mountain of unpaid bills will drive up insolvency and job losses, reduce cross-border trade and snuff out any recovery.