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NEW YORK/LONDON (Reuters) – Business activity in the United States perked up in the final month of 2012, surveys showed on Friday, while hopes grew that Europe may be through the worst of its economic slump. Britain's vast services sector, however, contracted for the first time in two years, suggesting the broader economy probably shrank [...]
Posts Tagged ‘Euro’
Euro doomsayers adjust predictions after 2012 apocalypse averted
Posted by admin on December 28th, 2012
BERLIN (Reuters) – Back in May, as the euro zone veered deeper into crisis, Nobel Prize-winning economist Paul Krugman penned one of his gloomiest columns about the single currency, a piece in the New York Times entitled “Apocalypse Fairly Soon”. “Suddenly, it has become easy to see how the euro — that grand, flawed experiment [...]
Posted in Breaking News 
Tags: 2012, adjust, After, Apocalypse, averted, doomsayers, Euro, predictions 
No Comments »Factbox: Europe agrees to make ECB chief euro zone watchdog for banks
Posted by admin on December 13th, 2012
BRUSSELS (Reuters) – European Union finance ministers agreed on Thursday to make the European Central Bank the chief supervisor for banks in the euro zone, a move designed to underpin the currency and its financial system. Here are the main elements as well as what must come next: * The Frankfurt-based European Central Bank will [...]
Posted in Breaking News Tags: Agrees, Banks, chief, Euro, Europe, Factbox, watchdog, zone No Comments »Euro zone factory output falls again, recovery far off
Posted by admin on December 12th, 2012
BRUSSELS (Reuters) – Euro zone factory output continued its steep fall in autumn this year, underscoring the feeble domestic demand that risks prolonging the bloc's recession. Industrial production in the 17 countries sharing the euro fell 1.4 percent in October after falling sharply percent in September, the EU's statistics office Eurostat said on Wednesday. That [...]
Euro zone retail sales fall sharply in October
Posted by admin on December 5th, 2012
BRUSSELS (Reuters) – Shoppers in the euro zone cut back on spending by the biggest margin in six months in October, economizing on everything from clothes to medical goods and offering little hope of a consumer-led recovery from recession. The volume of retail trade in the 17 countries using the euro fell 1.2 percent in [...]
Merkel’s euro push leaves east Germany out in the cold
Posted by admin on December 3rd, 2012
EISENHUETTENSTADT, Germany (Reuters) – This fading industrial city, like many in Angela Merkel's former East German home, is stony ground for the chancellor's message of European integration and fertile soil for opponents trying to stop her winning a third term next September. More than two decades after unification, income and jobs in the five eastern [...]
Moody’s downgrades euro zone rescue funds, keeps negative outlook
Posted by admin on December 1st, 2012
BRUSSELS (Reuters) – Credit ratings agency Moody’s cut its rating for the euro zone rescue funds ESM and EFSF to Aa1 from Aaa following its downgrade of France earlier in November, the agency said on Friday. It said the downgrade of the ESM and the EFSF, which were created to stabilize the euro zone by [...]
Posted in Breaking News Tags: downgrades, Euro, Funds, keeps, Moody's, negative, outlook, rescue, zone No Comments »EU’s Rehn: Strong commitment to keep euro area together
Posted by admin on November 30th, 2012
NEW YORK (Reuters) – There is a very strong commitment to ensure the euro area will not break up, the EU’s top economics official said on Friday, calling those speculating on an exit of Greece “behind the curve”. EU Economic and Monetary Affairs Commissioner Olli Rehn declined to give an explicit target figure for Greece’s [...]
Posted in Breaking News Tags: Area, commitment, EU's, Euro, keep, Rehn, strong, Together No Comments »Euro zone joblessness hit record but inflation eases
Posted by admin on November 30th, 2012
BRUSSELS (Reuters) – Joblessness in the euro zone reached a new record in October, with another 173,000 people out of work, but consumer prices dropped sharply in November and offered some relief to households during the recession. Annual inflation in the euro zone was 2.2 percent in November, the EU’s statistics office Eurostat said on [...]
Euro zone joblessness hit record but inflation eases
Posted by admin on November 30th, 2012
BRUSSELS (Reuters) – Joblessness in the euro zone reached a new record in October, with another 173,000 people out of work, but consumer prices dropped sharply in November and offered some relief to households during the recession. Annual inflation in the euro zone was 2.2 percent in November, the EU’s statistics office Eurostat said on [...]
