Euro Zone

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Falling inflation a worry for Europe but also the world


LONDON - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy.


China rate cut, European stimulus hints lift markets 21 Nov 2014

NEW YORK - World stock markets and oil prices rallied on Friday, fuelled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.


Draghi throws ECB door open to money printing as global prospects dim 21 Nov 2014

FRANKFURT - European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth. | Video


Concerns about state of global economy have increased - Osborne 21 Nov 2014

LONDON - Stagnation in the euro zone, recession in Japan and geopolitical crises have increased concerns about the state of the global economy, British Chancellor George Osborne said on Friday.


Italy's finance minister says more action by ECB is 'welcome' 21 Nov 2014

LONDON - Italian finance minister Pier Carlo Padoan said more action from the European Central Bank would be welcome to revive growth in the euro zone.


Without quantitative easing, ECB balance sheet ambitions crimped by bank squeeze 21 Nov 2014

LONDON - Commercial banks' lacklustre appetite for its almost free money could leave the European Central Bank struggling to prime the fragile euro zone economy with another trillion euros as planned.


Euro zone business growth slower than thought as orders fall - PMI 20 Nov 2014

LONDON, Reuters - Euro zone business growth has been weaker than any forecaster expected this month and new orders have fallen for the first time in more than a year despite further price-cutting, a survey showed on Thursday. | Video


FTSE retreats on weak data from China, euro zone 20 Nov 2014

LONDON - FTSE fell for a second day on Thursday, hit by weak economic data from the euro zone and China and a profit warning from energy supplier Centrica.


Euro zone consumer confidence falls in November 20 Nov 2014

BRUSSELS - Euro zone consumer confidence defied market expectations of improvement and fell in November, a flash estimate from the European Commission showed on Thursday.


Creaking euro zone, China sound warnings for global growth 20 Nov 2014

LONDON/BEIJING/NEW YORK - Surveys sounded warning bells for the global economy on Thursday as euro zone businesses grew less quickly than any forecaster expected, and China and U.S. factories lost momentum.


Tesla says in talks with BMW over car batteries, parts

FRANKFURT - U.S. electric carmaker Tesla Motors is in talks with Germany's BMW over a possible alliance in batteries and light-weight components, Tesla's Chief Executive Elon Musk told German weekly Der Spiegel.

France's Socialist party chief says 'non' to 35-hour week review

PARIS - The head of France's Socialist party rejected any change to the country's 35-hour work week and criticised plans to let shops open more often on Sunday, a sign the government could face an uphill battle to get more labour reforms through parliament.

Italian media say EU to approve Rome's 2015 budget

ROME - The European Commission will give the green light to Italy's 2015 budget and re-examine in March whether promised reforms have been made to boost the ailing economy, main Italian news outlets said on Sunday.

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