Saturday 31 January 2015
 
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euro

BMW, MINI sales increase 37pc in Bahrain

Euro Motors, the exclusive dealer of BMW and MINI cars in Bahrain, has posts a 37 per cent increase in BMW and MINI sales over the last year. The achievement has placed Bahrain as the market with the third largest growth rate for

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Oil falls after Greek election sends euro tumbling

Oil slid in early Asian trade on Monday, with US crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar. Greece&#

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ECB's trillion-euro move offers boost, but at a cost

ECB chief Mario Draghi's 1 trillion ($1.1 trillion) euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currenc

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Rolls-Royce Bahrain achieves 50pc sales growth

Euro Motors, the sole authorised dealer of Rolls-Royce Motors Cars in Bahrain, has achieved a 50 per cent increase in sales of the ultra-luxury marque last year. The Middle East was the second largest market for Rolls-Royce Motor

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European Union faces crucial test of ‘whatever it takes’

The European Central Bank (ECB) faces a crucial test of its resolve to do "whatever it takes" to preserve the euro when it decides this week on buying government bonds to combat deflation and revive the economy. The EU t

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Euro hits fresh 9-year low amid plunging oil prices

The euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt. From Japan to Germany to Australia, government borrowin

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Euro sinks below $1.20, first time for 9 years

The euro fell below $1.20 for the first time since early 2006 on Monday, the dollar starting 2015 as most banks believe it intends to go on this year - higher across the board. Euro zone inflation numbers trickle out in the first

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Euro slides to 9-year low versus dollar

The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while Asian shares were subdued as soft manufacturing surveys soured the mood. The euro fell to a

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Oil resumes fall as euro hits 29-month low

The euro fell on Friday, continuing the slide that saw the currency finish out 2014 at a 29-month low against the US dollar, on expectations that the European Central Bank will soon embark on outright money-printing. Crude prices

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Lithuania joins euro zone as tensions with Russia rise

Lithuania joined the euro zone at the stroke of midnight on January 1, hoping to anchor itself in Europe as its former master Russia flexes its military muscle in the region. The first Soviet republic to declare independence, in 1

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