BERLIN (Reuters) – The heads of European Union institutions called for a strengthened euro and progress towards a capital markets union in a joint appeal that was published by Germany’s …
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(Reuters) – The rouble firmed against the euro on Monday while trading little changed against the dollar, in a week when companies’ need for roubles to settle end-of-month tax payments …
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MOSCOW (Reuters) – Russian commercial lender Rosbank has halted operations in U.S. dollars, euros and dirhams, warning that some transactions could be blocked, after Washington imposed sanctions on Thursday on …
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LONDON – Business activity in the euro zone contracted slightly in July for the first time since early last year as consumers reined in spending amid a cost-of-living crisis, according …
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FRANKFURT – Euro zone countries are spending more than they will get back to cushion the economic hit from the Ukraine war via fuel subsidies and other support measures, the …
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BRUSSELS – Euro zone unemployment was steady at 6.6% of the workforce in June, the European Union’s statistics office Eurostat said on Monday, in line with market expectations. Eurostat said …
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MOSCOW – The Russian rouble slumped to a three-week low against the dollar and euro in Moscow trade on Friday, continuing a general weakening trend as the market anticipated measures …
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BRUSSELS – Euro zone economic growth accelerated quarter-on-quarter in the second quarter, preliminary data showed on Friday, defying expectations of a slowdown, thanks to a much stronger than forecast performance …
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FRANKFURT – Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure on the European Central Bank to opt for …
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FRANKFURT – Lending to euro zone companies accelerated in June, confounding fears that banks are tightening access to credit as uncertainty about inflation and the fallout of the war in …
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LONDON – Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing and a near-stalling of service sector growth as burgeoning costs pushed consumers to …
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BRUSSELS – Almost half of the record high inflation in the euro zone in June resulted from the energy price spike, the EU’s statistics office said on Tuesday, with more …
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A look at the day ahead in markets from Dhara Ranasinghe. After staring parity against the dollar in the face for days, the euro finally broke the key level — …
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By Elizabeth Howcroft LONDON -The euro dropped below parity against the dollar on Wednesday for the first time in almost two decades, as a hawkish U.S. Federal Reserve and growing …
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LONDON – The euro bounced from near-parity versus the dollar on Tuesday and pushed into positive territory in volatile London trading. Against the greenback, the euro rose 0.2% to $1.0057 …
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BRUSSELS – After several months of attempts, euro zone finance ministers failed again on Monday to choose a new head of the bloc’s bailout fund, EU officials said. Ministers need …
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A look at the day ahead in markets from Dhara Ranasinghe. The biggest single pipeline carrying Russian gas to Germany starts annual maintenance on Monday with flows expected to stop …
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EURO HYPOCRISY: Leaders Condemn Roe Reversal But Have Stricter Abortion Laws Themselves Max Keating on July 8, 2022 Members of the European Parliament voted to condemn the U.S. Supreme Court …
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By Jamie McGeever ORLANDO, Fla. – The world’s big four central banks are all in an unenviable position of fighting the highest inflation in decades without crashing their economies. From …
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LONDON – A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with the euro getting trampled on more than most as surging European …
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BERLIN – Investor morale in the euro zone fell this month to its lowest level since May 2020, pointing to an “inevitable” recession in the 19-country currency bloc, a survey …
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By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund was 58.8% in the first quarter, unchanged from that of the …
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BERLIN – Germany’s BMW approved the launch of a share buyback programme with a volume of up to 2 billion euros ($2.08 billion) set to start in July, the carmaker …
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LONDON – Euro zone business growth has slowed significantly this month – and by much more than expected – as consumers concerned about soaring bills opted to stay at home …
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MOSCOW – The Russian rouble jumped to a seven-year high against the dollar and euro on Moscow Exchange on Tuesday, supported by capital controls and the prospect of favourable month-end …