Sunday 19 April 2015
 
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Euro zone

Greece reaches Euro zone loan accord

Euro zone finance ministers have agreed in principle to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area. The deal, to be ra

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Greece, euro zone agree 4-month loan extension

Euro zone finance ministers agreed in principle on Friday to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area. The deal, to

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Key euro zone consumer prices fall at record pace

Euro zone consumer prices fell at a record-equalling pace in January, more steeply than expected and supporting the backers of the European Central Bank's (ECB) money-printing plan to combat sustained deflation. The European s

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Euro zone business activity slows in May

Euro zone business growth eased in May and firms cut prices for the 26th straight month, a survey showed, likely underpinning expectations for the European Central Bank (ECB) to loosen policy today. While output across the region

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Euro plunges to three-month low

The euro fell to a three-month low against the dollar and a 17-month trough against the pound on Friday after a disappointing report on German business sentiment supported the view the European Central Bank will cut interest rates next month.

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Rating firms buy into euro zone recovery story

Ratings agencies gave a broadly upbeat assessment of the euro zone's creditworthiness yesterday, contrasting sharply with reviews of recent years and reflecting growing confidence in the region's fiscal and economic recovery. On

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Major economies end first quarter on weaker note

Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth. Factories across

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Euro zone recovery on track

US manufacturing growth was solid in the first quarter and a return to expansion in French business activity this month suggested a recovery was taking shape in the euro zone, though China's factory sector stuttered in the early part of 2014

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Global factory growth stumbles as demand falters

Manufacturers across Europe and Asia changed down a gear last month as falling demand from abroad hurt Chinese output and European factory growth dipped from January's 2-1/2 year high. But while the surveys across Asia were mo

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ECB raises concern over Europe price weakness

Weakness in euro zone price pressures is extending into the medium-term, the time horizon the European Central Bank (ECB) looks at when deciding on policy, ECB policymaker Peter Praet said. Praet, who holds the powerful economics

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