Search Results for: European economics
Dollar Extends Rally on Fed View; Euro Slumps to Two-Year Low
January 2nd, 2015
The dollar extended gains against its major peers after posting its best year since at least 2005 amid speculation the Federal Reserve will raise interest rates this year. The euro slumped to the lowest level in more than two ...
Investor sentiment in Germany rose sharply in December
December 17th, 2014
Investor sentiment in Germany rose sharply in December, spiking 23.4 points to 34.9 in December, according to an investor confidence index. It is the highest level since May 2014. The Centre for European Economic Research (ZEW – Zentrum für ...
ECB Weighs Further Action As Economic Picture Darkens
December 4th, 2014
The European Central Bank will spell out the scale of economic malaise facing the euro zone after it meets on Thursday under growing pressure to take dramatic action to prevent the bloc going into reverse. With recovery stalled across much of ...
U.S. Shares Rise With Dollar as Oil Surges Amid Data
December 3rd, 2014
U.S. stocks rose toward records, as energy shares rallied with the price of crude and investors weighed data on hiring and the services sector. European equities climbed and the dollar gained on speculation the region’s central bank will add ...
Sweetheart tax avoidance deals to receive greater scrutiny from the EU
December 3rd, 2014
Draft legislation to oblige sharing of corporation tax deals, as Germany, France and Italy pressure Juncker over Luxembourg The European commission has pledged to fast-track new legislation to establish greater scrutiny over sweetheart tax avoidance deals for big companies. ...
Gazprom to build new 63 bcm Black Sea pipeline to Turkey instead of S. Stream
December 2nd, 2014
Gazprom CEO Aleksey Miller said the energy giant will build a massive gas pipeline that will travel from Russia, transit through Turkey, and stop at the Greek border – giving Russia access to the Southern European market. The pipeline ...
Dollar Rises to 7-Year High Versus Yen on Economy; Aussie Slides
December 1st, 2014
The dollar rose to a seven-year high versus the yen before data forecast to show U.S. manufacturing outpaced global peers, reinforcing the outlook for higher interest rates in the world’s largest economy. The greenback extended gains against the currencies of commodity-producing ...
Draghi Urgency for ECB Action Gets Final Reality Check
November 24th, 2014
Mario Draghi is about to find out just how urgent his call for action has become. One week after the European Central Bank president vowed to revive inflation “as fast as possible,” policy makers will receive a glimpse on ...
Cheap-Oil Era Tilts Geopolitical Power to U.S.
November 20th, 2014
A new age of abundant and cheap energy supplies is redrawing the world’s geopolitical landscape, weakening and potentially threatening the legitimacy of some governments while enhancing the power of others. Some changes already are evident. Surging U.S. oil production enabled America ...
G-20 Plans $2 Trillion Growth Boost to Uneven Global Economy
November 17th, 2014
Group of 20 leaders agreed to take measures that would boost their economies by a collective $2 trillion by 2018 as they battle patchy growth and the threat of a European recession. Citing risks from financial markets and geopolitical ...
