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…
(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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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 —…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…