Euro Zone

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Euro zone inflation slightly exceeds forecasts in August


BRUSSELS - An increase in rents and car-repair prices lifted euro zone inflation in August slightly higher than a first estimate, a small piece of good news for the European Central Bank but not one that radically changes the economic outlook.


Deutsche Bank CEO backs Berlin in euro reform debate 16 Sep 2014

FRANKFURT - The co-head of Deutsche Bank has backed the German government in a debate over how to jump-start the stalled euro zone economy, telling Reuters that structural reforms, rather than looser fiscal policy, are what is needed to boost growth.


Funding risks remain for several euro zone banks - S&P 16 Sep 2014

LONDON - Some euro zone banks have insufficient liquidity and several will continue to require support from the European Central Bank after long-term funding help runs out at the start of next year, credit ratings agency S&P said.


ECB invites banks to tap new funds it hopes will pep up euro zone 16 Sep 2014

FRANKFURT - The European Central Bank invited banks on Tuesday to bid for a fresh round of long-term loans it hopes will stimulate lending to businesses and reinvigorate the euro zone economy but which may see only modest take-up.


AXA IM upgrades euro zone stocks to 'overweight' post - ECB 16 Sep 2014

PARIS - AXA Investment Managers has upgraded its short-term recommendation on global and euro zone equities to "overweight" following the latest measures unveiled by the European Central Bank to support the region's economy.


Euro zone second quarter labour costs jump despite stalling economy 16 Sep 2014

BRUSSELS - The rise in euro zone labour costs accelerated in the second quarter compared to the first three months despite a stalling economy, the European Union's Statistics Office said on Tuesday.


ECB's Liikanen says bank ready to take more action if necessary 16 Sep 2014

HELSINKI - The European Central Bank is committed to using additional unconventional instruments if necessary to fend off deflation in the euro zone, governing council member Erkki Liikanen said on Tuesday.


Santander's new head Ana Botin reaffirms bank's strategy, dividend 15 Sep 2014

SANTANDER Spain - Ana Botin, the new chairwoman of Santander , told shareholders on Monday she would defend the legacy of her father at the helm of the euro zone's biggest bank and her priorities include maintaining its generous dividend policy. | Video


OECD slashes growth forecasts, urges aggressive ECB action 15 Sep 2014

PARIS - The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.


Euro zone trade surplus rises in July on growing exports 15 Sep 2014

BRUSSELS - The euro zone's trade surplus rose year-on-year in July as exports grew faster than imports, pointing to a positive contribution to economic growth at the start of the third quarter, the European Union's Statistics office data showed.


European car sales rise, helped by Spanish subsidies

FRANKFURT - Car sales in Europe rose in August but analysts and executives pointed to a heavy reliance on government incentives in Spain and a fall in sales in big markets Germany, France and Italy as signs a European recovery may be faltering.

France's Hollande heads for showdown over job deregulation drive

PARIS - President Francois Hollande has angered everyone from medics to taxi drivers enough to drive them onto the streets in recent months but there is one profession few expected to see on the march: France's well-heeled "notaires".


Trade enjoys broad global support despite doubt on jobs: poll

WASHINGTON - Eight in ten people worldwide see benefits in growing trade but only around half believe it creates jobs and raises wages, with big pockets of scepticism in major advanced economies like Italy, the United States, France and Japan, a poll showed on Tuesday.

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