BRUSSELS – Euro zone industrial production was unchanged in January from December, data showed on Tuesday, indicating a sluggish start to 2022 even before any impact from Russia’s invasion of …
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Financial News
Euro zone bond yields soar as ECB signal end to bond buys in Q3
by Reutersby ReutersBy Yoruk Bahceli and Dhara Ranasinghe – Euro zone sovereign bond yields soared and the euro dipped on Thursday after the European Central Bank said it plans to end its …
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By Tom Westbrook SINGAPORE – The euro took a breather on Wednesday ahead of this week’s central bank meeting, while commodity currencies eased from recent peaks as investors reckoned war-driven …
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FRANKFURT – Investor morale in the euro zone plunged in March in the wake of the Russian invasion of Ukraine and its implications for the global economy, a survey showed …
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BRUSSELS – Euro zone retail sales grew by less than expected in January, Eurostat data showed on Friday, pulled down by weaker sales of fuel and muted spending on food …
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MOSCOW – The Moscow Exchange said on Friday it imposed a ban on short selling of euro currency and stock instruments, in a further move by Russian authorities are taking …
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Financial News
Euro zone unemployment at record lows, producer prices show record jump y/y
by Reutersby ReutersBRUSSELS – Euro zone unemployment fell to record lows in January as the economy continued to rebound from the pandemic slump, but industrial producer prices showed a record surge year-on-year …
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Financial News
Euro zone business growth accelerated in Feb as Omicron faded -PMI
by Reutersby ReutersLONDON – Business activity across the euro zone accelerated sharply last month as demand soared, particularly in the bloc’s dominant services industry, according to a survey mostly conducted before Russia …
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Financial News
EIB prepares 2 billion euro emergency support package for Ukraine
by Reutersby ReutersBRUSSELS – The European Investment Bank will formalise on Friday a 2 billion euro support package for Ukraine, of which 700 million euros will be in immediate liquidity support and …
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Financial News
Leonardo, Avio Aero, Lockheed sign 380 million euro contract with Italy’s air force
by Reutersby ReutersMILAN – Italy’s Defence Ministry has given its green light to a 380 million euro ($425.94 million) contract with a consortium of companies including Italian aerospace and defence group Leonardo, …
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Cutting Russia off from SWIFT a “matter of days” -euro zone central banker
by Reutersby ReutersPARIS – A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of a central bank within the …
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Financial News
Lending to euro zone households grows at fastest rate since late 2008
by Reutersby ReutersFRANKFURT – Growth in bank loans to euro zone households accelerated again last month, growing at the fastest pace since late 2008, European Central Bank data showed on Friday. “Annual …
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Financial News
Russia’s move against Ukraine makes 2022 euro zone growth more uncertain -Commission
by Reutersby ReutersBRUSSELS – Russia’s recognition of the independence of Ukraine’s two breakaway regions makes the European Commission’s already reduced euro zone growth forecast for 2022 even more uncertain, European Economic Commissioner …
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Financial News
Italy approves 8 billion euro package to help economy, curb energy bills
by Reutersby ReutersBy Giuseppe Fonte and Gavin Jones ROME -Italy’s government on Friday approved measures worth around 6 billion euros ($6.81 billion) to help consumers and firms hit by a rise in …
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– Euro zone consumer confidence fell by 0.3 points in February from the January number, figures released on Friday showed. The European Commission said a flash estimate showed euro zone …
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Financial News
doValue says bids due next week for 5 billion euro Greek bad loan portfolio
by Reutersby ReutersMILAN -Non-binding offers for a non-performing loan (NPL) portfolio worth around 5 billion euros ($5.7 billion) put on the block by Greece’s bad bank liquidator PQH are due next week, …
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Financial News
Slovak current account shows 831 million euro deficit in December
by Reutersby ReutersPRAGUE – Slovakia’s current account hit a deficit of 831 million euros ($944.85 million) in December after a revised gap of 122 million euros in November, the central bank said …
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FRANKFURT – The euro zone’s current account surplus rose to 310 billion euros ($352.47 billion) last year, or 2.6% of the bloc’s economic output, European Central Bank data showed on …
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FRANKFURT – The property market is a “key vulnerability” for euro zone banks as the rise of remote working since the pandemic dents demand for offices and households take on …
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Financial News
Surging housing costs boosting overall euro zone inflation: ECB
by Reutersby ReutersFRANKFURT – Euro zone housing costs rose sharply last year, boosted by soaring German property prices and adding to already uncomfortably high overall inflation, a European Central Bank study showed …
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Business News
Euro zone inflation doesn’t require significant policy tightening, ECB’s Lane says
by Reutersby ReutersFRANKFURT – Euro zone inflation will return to trend without significant policy tightening by the European Central Bank as pandemic-related bottlenecks in goods as well as labour are resolved, the …
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Business News
EU exec cuts 2022 euro zone growth forecast, sharply raises inflation view
by Reutersby ReutersBy Jan Strupczewski BRUSSELS – Euro zone economic growth will be slower than earlier expected this year because of a new wave of COVID-19 infections, high energy prices and continued …
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Business News
Siemens agrees to sell logistics business to Koerber in 1.15 billion euro deal
by Reutersby ReutersZURICH – Siemens has agreed to sell the mail and parcels business of Siemens Logistics business to German technology group Koerber for a purchase price of 1.15 billion euros ($1.31 …
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Business News
Euro zone inflation could subside before becoming entrenched: Lagarde
by Reutersby ReutersFRANKFURT – Euro zone inflation risks are on the rise but price pressures could still subside before becoming entrenched in expectations, European Central Bank President Christine Lagarde said on Monday. …
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FRANKFURT – Euro zone companies expect wages to rise by 3% or more this year as workers demand to be compensated for inflation and it becomes more difficult to find …