Latest Europe Business News
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New Issue-Bayern LB prices 200 mln euro 2019 bond
Thu May 23, 2013 9:33am EDT May 23 (Reuters) -Following are terms and conditions of a bond priced on thursday. Borrower Bayerische Landesbank Issue Amount 200 million ...
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U.S. has concerns about justice in Georgia
Authorities in Georgia are called on to ensure charges against former government officials aren't politically motivated, the U.S. State Department said. Georgian authorities this week arrested ...
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Dollar pares losses vs yen euro retains gains after U.S. claims
NEW YORK | Thu May 23, 2013 8:48am EDT NEW YORK May 23 (Reuters) - The dollar pared losses against the yen and the euro was volatile while retaining gains on Thursday after a report showed the number of Americans filing new claims for unemployment benefits fell more than expected last week. The dollar was last at 101.68 yen, down 1.4 percent on the day but higher than the 101.45 it ...
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Eurozones Recession Poised to Continue in Q2 as PMI Data Disappoints
Markit's flash Eurozone Composite Output index rose to a three-month high at 47.7 in May, compared to 46.9 in April. The services activity index rose to 47.5 from 47.0, while the manufacturing purchasing managers' index (PMI) rose to 47.8 from 46.7. A reading below 50 indicates contraction. ...
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U.S. Israel raise hopes for Mideast peace restart
View Photo Associated Press/Jim Young, Pool - U.S. Secretary of State John Kerry, left, meets with Israeli Prime Minster Benjamin Netanyahu in Jerusalem Thursday, May 23, 2013. The United States and Israel are ...
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FOREX-Yen climbs against dollar euro as stocks slide
* Yen rises versus dollar, euro as Nikkei tumbles * Worries Fed may taper QE, weak China PMI hit stocks * Euro helped somewhat by PMI data, still vulnerable * Aussie hit hard by weak China data, fall in commodities By Jessica Mortimer LONDON, May ...
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REFILE-Saudi Arabia confirms another death from SARS-like virus
Thu May 23, 2013 8:10am EDT (Corrects spelling of name of WHO spokesman, para 5) DUBAI May 23 (Reuters) - Saudi Arabia has announced another death from the SARS-like novel coronavirus (nCoV) in its central al-Qassim region, bringing the total number of deaths in the kingdom to 17. A non-Saudi, whose nationality and age were not given, died on Tuesday, the Health Ministry said on its website late ...
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Modest Gain In Eurozone PMI Revives Recovery Hopes
business activity.The composite output index, which measures the performance of the both manufacturing and service sectors, rose to a three-month high of 47.7 in May from 46.9 in April, flash results of a survey by Markit Economics showed Thursday.Readings below 50 indicates contraction in activity. Economists had predicted an increase in the index to 47.2. New orders across the private sector ...
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Feds investigate after plane parts land on GA home
ELLENWOOD, Ga. - Federal authorities are investigating after a Boeing 747 on approach to Atlanta's airport lost parts from its right wing that landed on a woman's house in Clayton County.The Federal Aviation Administration said Thursday the China Airlines flight landed safely at Hartsfield-Jackson Atlanta International Airport after Sunday's incident. No injuries were ...
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How to fix college
(Nate Shron/Getty Images) So, you're considering college but don't have the dough. Or maybe you're out of college now and still don't have the dough. You're not alone: In the past 30 years, the cost of a college degree has risen 1,120 percent and the number of people taking out loans to pay for it has skyrocketed. The good news is that with a little creativity (and ...
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Czech police search for American suspected of killing family
Petra Vedrova said the suspect may be armed and dangerous. Police had taken measures to stop him from leaving the country and were in contact with neighboring states. "(The suspect) goes by the ...
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Euro final to showcase Brand Germany
Champions League final provides a "brilliant showcase" for "Brand Germany" Bundesliga clubs have strong "indigenous corporate engagement" Expert: Sponsor and fan cooperation is for the clubs' greater good Like German businesses, Bundesliga clubs pursue long-term ...
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Lawyers in Colorado shooting case to challenge insanity defense law
DENVER (Reuters) - Public defenders representing James Holmes, accused of killing 12 moviegoers in Colorado last summer, will return to court on Thursday to challenge the state's insanity defense law in a bid to try to avoid the death penalty for their ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
Switzerland Featured
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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
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