Search Results for: European economy
Europe feels sting in the tail of Russia sanctions
November 26th, 2014
At a technology fair in Moscow last month, European executives faced the new reality of doing business in Russia since the West imposed sanctions: the number of companies at the international showcase had shrunk by half from a year ago. “The ...
Bolster your digital defences
November 25th, 2014
Cyber criminals have the financial services sector firmly in their sights, but there is much that organisations and employees can do to protect themselves from the threat Cyber crime is on the rise, and the financial services sector is ...
EU will give France and Italy more time to implement tough reforms
November 25th, 2014
The EU will give France and Italy until next spring to implement tough reforms, delaying a verdict on national overspending originally set for this week, a European source told AFP. The decision, to be approved by the European Commission ...
Yen Strengthens on Kuroda Comments as Energy Stocks Slip
November 25th, 2014
Japan’s yen climbed after a speech by central bank Governor Haruhiko Kuroda, and the cost of insuring Japanese debt against default fell the most in two weeks. Asian energy producers retreated as oil held declines before a meeting of ...
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 ...
Euro Near Two-Year Low as Ifo to Spur Draghi Push; Aussie Gains
November 24th, 2014
The euro was near a two-year low versus the dollar before a German report that economists said will show business confidence declined for a seventh month. The shared currency held declines against most major peers after European Central Bank ...
Draghi throws door to QE wide open as recovery wanes
November 21st, 2014
European Central Bank President Mario Draghi threw the door wide open on Friday for more dramatic action to rescue the euro zone economy, saying “excessively low” inflation had to be raised quickly by whatever means necessary. Draghi said there was now ...
EU blackmails Serbia to impose sanctions on Russia
November 21st, 2014
Serbia must impose sanctions against Russia if it wants to join the European Union, the European Commissioner for Regional Policy Johannes Hahn said. “Serbia legally obliged, within the scope of negotiations about accession to the EU, to gradually align ...
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 ...
As Ruble Falls Even Teeth Cost Too Much to Fix
November 19th, 2014
In Rostov-on-Don, a Russian port city of 1.1 million people just east of the Ukrainian border, signs of the fallout from the ruble’s collapse are everywhere. There’s the 27-year-old entrepreneur whose storage facility is packed to the ceiling with ...
