Latest Europe Business News
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Fitch Euro MMFs Shift Towards Core European Supranationals and Secured Exposures
Fitch: Sub-Saharan Africa Has Gradual Upgrade Potential Fitch Ratings says in a newly-published report that targeted reforms and policy initiatives could see Sub-Saharan Africa's (SSA) sub-investment grade ratings gradually upgraded, despite per capita income falling well short of peers. The challenge for Africa from a rating perspective is the low level of GDP per capita - most SSA ...
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Greece could earn more debt relief Eurozone chief
"Eurozone countries are prepared to do more if necessary to help Greece, on the condition that the programme is fully implemented," Dijsselbloem ...
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Il Sole 24 Ore underwrites 55-mln-euro securitisation of receivables
MILAN | Thu May 23, 2013 10:20am EDT MILAN May 23 (Reuters) - Italian publisher Il Sole 24 Ore , which publishes the country's leading business daily, said on Thursday it has underwritten a securitisation of trade receivables worth 55 million euros ($71 million). The transaction, the first of this kind in the Italian Media sector, will enhance the company's ability to access ...
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Video European business falters eyes on ECB
The downturn across euro zone businesses has eased slightly but a dearth of new orders offers little hope for the second quarter. As ECB boss Mario Draghi prepares for a keynote speech in London many are asking whether it's time to do more than cut interest rates? Kirsty Basset ...
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EU forced into embarrassing u-turn on olive oil ban
European Commission has decided to tear up new rules on how restaurants should serve olive oil less than a week after unveiling them, following widespread ridicule and accusations of unwanted ...
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FTSE falls sharply from record high as global panic causes share sell-off
The FTSE 100's surge towards all-time highs was brought to a spectacular halt today as panicking investors dumped shares in a global ...
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Germany is Most Popular Country in the World
Europe's largest economy Germany, which has been criticized for not doing enough to help struggling euro zone countries, has topped a poll as the world's most popular country. The survey carried out for the BBC, polled 26,000 people in 25 countries, and asked them to rate 16 countries and the European Union, as a whole, on whether their influence on the world was mainly positive or ...
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Russian court denies punk rockers parole
Maria Alekhina had systematically disobeyed prison authorities and failed to repent for her crime, Russian media reported. Alekhina went on a hunger strike Wednesday after being barred from the court hearing in Perm province, and she ordered her defense not to participate. Band members ...
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Eurozone business still going backwards
The decline in business activity in the 17-nation eurozone slowed in May, but surveys published Thursday suggest the region's longest recession will extend into another ...
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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 ...
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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