Latest Europe Business News
RSS-
Euro fell sharply yesterday against the dollar
Comment: Euro fell sharply yesterday against the dollar, after Ben Bernanke said that they might cut the pace of asset purchases in the following months. Technically, the upward reaction was expected after the reach of our target at 1.2800 area, which is the base of the head and shoulders formation in the daily chart. However, yesterday's upward reaction was limited below 1.3000 important ...
-
Euro Zone Contracting but at slower pace
Output was still contracting in May, although at a slower pace, according to PMI flash estimates released this morning. The Composite PMI for activity rose to 47.7, up by 0.7 points. Yet, survey details suggest that the downturn might ...
-
European banks are broadly lower
- Fed Chairman struck a less dovish tone during his address of congressional committee. - FOMC Minutes underscored a growing rift within the Fed: Many members needed more data before reducing purchases; Most prepared to adjust purchase pace up or down; a number willing to reduce purchases as soon as June -ECB's Praet: ECB could expand range of tools used if needed to fight deflation -China ...
More Europe Business News
RSS-
Eurozone business sluggish but signs look up survey
BRUSSELS (AFP) - The downturn in eurozone private sector business activity eased in May, even as the recession continued, a widely-watched survey showed on Thursday.The Markit Eurozone Composite Purchasing Managers Index registered 47.7 points, a three-month high and well up on April's 46.9 points albeit still below the threshold of 50 points indicating growth or recession.The survey is an ...
-
FTSE battered by Chinese data U.S. stimulus concerns
* FTSE 100 down 1.9 pct, eyes worst day in 11 months * Break below 6,700 could spell steeper losses * United Utilities rewarded for dividends, Halfords punished By Toni Vorobyova LONDON, May 23 (Reuters) - Britain's top shares slid from 13-year peaks on Thursday, battered by weak Chinese economic data and signs the U.S. Federal Reserve could soon taper its stimulus programme. Mining stocks ...
-
We have a good chance of hosting Euro 2020 games – minister
Youth and Sports Minister Azad Rahimov has expressed his opinion on the fact that Azerbaijan claims to hold matches of the European Football Championship 2020. "You could say that we already have two stadiums ready to host the matches of Euro 2020. It is the Olympic Stadium and the Republican stadium. European Championship 2020 will be held under the new scheme and the country does not ...
-
Falling food sales lead UK decline in April figures
Fergal O'Brien - 23 May 2013 RETAIL sales in the UK unexpectedly fell in April, led by the biggest drop in food sales for almost two years - something that is sure to worry food companies here in ...
-
US-type house auction scheme could free our pillar banks from loans in less than year
Kingsley Greenland - 23 May 2013 How quickly could Ireland's 'pillar banks' be free of troubled home loans? If the experience of the US is a guide, the answer could be less than three ...
-
Lagarde Faces Questioning Over Misuse of Public Funds
International Monetary Fund (IMF) Christine Lagarde has arrived at a French court where she is due to be questioned on Thursday over her involvement in an arbitration payment made to a billionaire supporter of former president Nikolas Sarkozy. The case revolves around a decision Lagarde made when she was French finance minister in 2007 to refer a long-running dispute between the French state and ...
-
British PM seeks answers after brutal London attack
south London street . A dramatic clip filmed by an onlooker just minutes after Wednesday's killing showed a man with hands covered in blood shouting Islamic slogans and promising revenge ...
-
Euro-zone PMI rises to three-month high
LONDON (MarketWatch) -- Private-sector activity in the 17-nation euro zone continued to shrink in May, albeit at a slower pace than in previous months, according to the preliminary Markit composite purchasing managers' index released on Thursday. The index rose to a three-month high of 47.7 from 46.9 in April, beating expectations, but still well below the 50-mark that separates expansion ...
-
Ranbaxy shares dive over 9 on bourses after Daiichi Sankyo says misled over probes
The Japanese drug maker added that it continues to support Ranbaxy in its efforts to address and correct the conduct of the past which led to the ...
-
Slovakia sets final terms on 5.5-year euro bond sale
By Davide Scigliuzzo Thu May 23, 2013 5:58am EDT LONDON, May 23 (IFR) - The Slovak Republic has closed books on its upcoming sale of a 5.5-year euro-denominated international bond, through which it is set to raise EUR1bn, according to market sources. The sovereign, rated A2/A/A+, has set the final spread on the issue at 65bp over mid-swaps, at the tight end of official guidance of 67bp area ...
-
Brave woman tried to reason with London attackers
Police and forensic officers near the scene of an attack which has left one man confirmed dead and two people wounded near Woolwich barracks in London Wednesday, May, 22, 2013. Scotland Yard said officers responded to reports of an assault Wednesday afternoon in the London neighbourhood of Woolwich. London Ambulance service said one man was found dead at the scene and two other men were taken to ...
-
Euro zone slump eases in May
The downturn across euro zone businesses eased slightly this month, although a lack of new orders means the bloc's economy is likely to contract again in the second quarter, business surveys showed today. Markit's flash euro zone Services PMI, which surveys around 2,000 companies ranging from major banks to caterers, rose in May to 47.5, a three-month high, from 47 in April. While ...
-
Putin finds it very important to pool efforts to ensure equal security in Euro-Atlantic space
MOSCOW, May 23 (Itar-Tass) - Russian President Vladimir Putin finds it very important to pool efforts of all countries and the expert community to ensure equal security and a joint strategy of the struggle against the threats and challenges emerging in the Euro-Atlantic ...
-
Eurozone downturn in manufacturing services eases in May
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
-
Families remember young tornado victims
Plaza Towers Elementary School after a monstrous tornado raked across the building, leaving the one-story building a heap of bricks, broken concrete and twisted metal. In all 24 people were killed -- including 10 children -- when Monday's storm ravaged Moore and a slice ...
-
Colorado killers reprieve sharply criticized
Religious leaders from Colorado, from left, Dr. Jim Ryan, Colorado Council of Churches, Dean Peter Eaton, St. John's Cathedral, Rabbi Steven Foster and Catholic Archbishop Samuel J. Aquila listen as Colorado Gov. John Hickenlooper announces at a news conference at the Capitol in Denver on Wednesday, May 22, 2013, that he was granting a temporary reprieve to Nathan Dunlap from his death ...
-
Baku to take steps to bid to host UEFA Euro 2012
Azerbaijani President Ilham Aliyev has decreed to take measures related to nomination of Baku to host the European Football Championships in 2020. According ...
-
Euro leagues could challenge Qatar 2022 in court
European football leagues could launch legal challenges if Qatar attempts to move the FIFA World Cup 2022 to winter, the head of Germany's top league has ...
-
The euro posted a key reversal down on Wednesday
The EURO posted a key reversal down on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off May's high, April's low crossing is the next downside target. Closes above the ...
-
Eurozone manufacturing and services PMIs in focus on Thursday
European stock indices are expected to open more than 1% lower this morning, after data showed China's manufacturing sector fell into contraction territory in May, following months of slowing growth. The HSBC manufacturing PMI released over night came in well below expectations at 49.6, raising further doubts about the recovery seen in China over the last six months. Falling demand in the ...
-
Govt to announce €6.9m for 62 research projects
More than EUR6.9m is being allocated to 62 research projects, including the development of new drugs for cancer treatment.Minister for Research and Innovation, Sen Sherlock, will today announce Government funding for the projects through Science Foundation Ireland.It is expected the funding will allow the development of early discoveries and inventions with commercial potential.Director General ...
-
Euro Credit Nikkei caranage heralds volatile session
European credit markets are opening sharply lower on the back of an extremely volatile overnight session in Asia. As of 0645GMT according to Tradeweb, the iTraxx Main index is 4bp wider at 91.5bp having tightened to another new S19 and 3yr plus generic low of 87bp on the close yesterday. The Crossover index is 17bp wider at 386bp having traded down to the S19 low of 367bp last night, a level ...
Switzerland Featured
-
Switzerland world's most competitive country
Switzerland is frequently pointed to as a model of good governance, prosperity, innovation and stability and is one of the happiest countries in the world. The recent competitive survey by the WEF underscored this, but came with a warning.
Switzerland truly is an impressive country, landlocked and small with no natural resources; it has developed into one of the richest countries in the world and was recently named the most competitive economy in the world. This is due in large part to its banking sector, which is one of the most advanced and its government structure, which is efficient in comparison to many other developed countries. Read more
News from around our Network
