LONDON – Business activity in the euro zone accelerated last month as the bloc’s dominant services industry took advantage of a further loosening of COVID-19 restrictions, offsetting a near-stall in …
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By Yoruk Bahceli (Reuters) – Yields on euro investment-grade corporate bonds have climbed to their highest in over eight years, a widely-followed index showed on Friday. Surging bond yields this …
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FRANKFURT – Bank lending to euro zone businesses slowed in March, reinforcing expectations that Russia’s war in Ukraine would prompt both banks and corporations to tread cautiously, data from the …
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(Reuters) – The Russian rouble extended gains in early Moscow trade on Thursday, supported by month-end tax payments that led to increased conversion of foreign currency into roubles, while stock …
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LONDON – Borrowing costs for U.S. dollars in currency derivatives markets rose sharply on Thursday after the dollar surged to within striking distance of its highest levels in two decades. …
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By Huw Jones LONDON – Britain’s financial services minister said on Tuesday that the European Union would find it hard to replace London for clearing trillions of euros in derivatives, …
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(Reuters) – The Russian rouble clipped a more than two-year high against the euro in early trade on Tuesday before stabilising near Monday’s close, in a week where tax payments …
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LONDON – Morgan Stanley said on Monday it had revised down its economic growth forecasts for the euro area this year and the next, anticipating a meaningful slowdown in economic …
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BRUSSELS – Euro zone inflation in March was marginally lower than earlier reported, the EU’s statistics office said on Thursday, but still at record highs because of a surge in …
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FRANKFURT – All large euro zone banks can withstand a full write-off of their Russian exposure and still respect their capital requirements, the European Central Bank’s top supervisor Andrea Enria …
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BRUSSELS – The euro zone suffered a trade deficit for a fourth consecutive month in February as surging energy prices led to a sharp increase in the value of energy …
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BRUSSELS – Euro zone industrial production rebounded as expected in February from a January slump thanks to stronger output of consumer goods, which offset declines in the output of energy …
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FRANKFURT – The euro zone economy faces slower economic growth and higher inflation as Russia’s invasion of Ukraine pushes up costs, disrupts trade and hits confidence, a European Central Bank …
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FRANKFURT -Euro zone banks plan to sharply tighten access to corporate credit in the second quarter as the war in Ukraine weighs on the outlook and cuts deep into their …
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BERLIN – Investor morale in the euro zone fell to its lowest level in nearly two years in April, a survey showed on Monday, pointing to the beginning of a …
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LONDON – Euro zone manufacturing growth slowed sharply last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, a survey showed as soaring energy …
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By Mike Dolan LONDON – Plague, war and inflation define the year so far – but faith in the U.S. dollar seems to have made it through the first three …
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FRANKFURT – Euro zone growth will remain positive this year but the first half will be especially weak with barely any positive growth, European Central Bank Vice President Luis de …
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(Reuters) – French healthcare group Sanofi said it had priced a first sustainability-linked bond issue that will be indexed on access to medicines, and worth 1.5 billion euros ($1.7 billion). …
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BRUSSELS – Euro zone economic sentiment fell sharply in March, data showed on Wednesday, as Russia’s invasion of Ukraine sent consumer confidence plummeting and their inflation expectations to record highs. …
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FRANKFURT – Europe is facing slower growth and higher inflation as the war in Ukraine is draining confidence and pushing up energy prices, European Central Bank President Christine Lagarde said …
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BRUSSELS – The European Commission approved on Tuesday Sweden’s post-pandemic recovery plan that will allow the country to get 3.3 billion euros in grants from the European Union until 2026 …
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LONDON – Credit rating agency S&P Global cut its euro zone growth forecast for the year on Monday to 3.3% from 4.4% previously, saying higher energy prices caused by the …
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– Euro zone consumer confidence fell by 9.9 points in March from the February number, figures released on Wednesday showed. The European Commission said a flash estimate showed euro zone …
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FRANKFURT – The euro zone economy is still set for robust growth this year, even if war in Ukraine is going to be a drag via high commodity prices, European …