NEW YORK/LONDON - The U.S. manufacturing sector expanded in April and the euro zone private sector started the second quarter on its strongest footing since 2011, while the pace of decline in Chinese factory activity slowed, surveys showed on Wednesday.
LONDON/BEIJING - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday.
LISBON/LONDON - Portugal sold benchmark debt at a record low yield on Wednesday in its first bond auction in three years, a vote of market confidence that boosts Lisbon's chances of making a clean break from its bailout next month.
BRUSSELS - Greece had a primary surplus of 0.8 percent of GDP last year, the European Commission said on Wednesday, a result that paves the way for some form of debt relief from euro zone governments that are now the main creditors of Athens.
LONDON - The euro zone's private sector has started the second quarter on its strongest footing in nearly three years, but burgeoning new orders were again mainly buoyed by firms cutting prices, surveys showed on Wednesday.
PARIS - The French private sector expanded at a much slower rate in April, surveys showed on Wednesday, underlining the fragility of the recovery in the euro zone's second-biggest economy.
BRUSSELS - Euro zone consumer confidence rose 0.6 points month-on-month to -8.7 in April, beating market expectations, the European Commission said in its first estimate on Tuesday.
WASHINGTON - The International Monetary Fund signed off on its latest review of Portugal's bailout on Thursday, and also extended the program until June to finish assessing the euro zone country's progress with getting its economy back on track.
BRUSSELS - At the height of the euro zone debt crisis, with Portugal's economy nearing collapse, the European Commission told the government in Lisbon that it had to slash wages if it was ever going to boost competitiveness and grow again.
FRANKFURT - As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy. No longer.
BERLIN - Germany's private sector expanded faster in April, recovering from a slight slowdown in growth in March, as both manufacturing and services industry activity rose more than expected, surveys showed on Wednesday.
PARIS - France outlined a slower roadmap on Wednesday to reduce its chronic deficit to the European Union's treaty limit next year, based on growth assumptions described by an independent watchdog as risky.
MILAN - Asset manager BlackRock has cut its stake in Monte dei Paschi di Siena less than a month after becoming the Italian bank's single biggest shareholder, raising questions over who will buy into the lender's imminent capital increase.