Euro Zone

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Draghi says ECB ready to adjust policy if inflation drops further


JACKSON HOLE Wyo - The European Central Bank is prepared to respond with all its "available" tools should inflation in the euro zone drop further, ECB President Mario Draghi said on Friday in remarks that opened the door to possible policy action in September.


Draghi says ECB stands ready to adjust policy further 22 Aug 2014

JACKSON HOLE Wyo - European Central Bank chief Mario Draghi is confident that stimulus steps announced in June, helped by a weaker euro, will boost demand in the ailing euro zone economy, but stressed on Friday that the central bank stands ready to do more.


Poland keeping 'foot in door' to euro zone membership - Finance Minister 22 Aug 2014

WARSAW - Poland is keeping the door open to euro zone membership, but joining the common currency will not boost the country's status because it is already a stable and developed economy, Finance Minister Mateusz Szczurek was quoted on Friday as saying.

Mramor set to return as Slovenian finance minister, new coalition taking shape 21 Aug 2014

LJUBLJANA - Slovenia's next ruling party picked former finance minister Dusan Mramor on Thursday to head the finance ministry in a new centre-left government that is due to be formed within weeks and aims to steer the euro zone member out of its economic crisis.


Euro zone business growth slows in August, prices fall - PMI 21 Aug 2014

LONDON - Euro zone private business growth slowed more than expected in August, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed on Thursday.


French business activity stagnant in August - PMI 21 Aug 2014

PARIS - French business activity was stagnant in August, a survey showed on Thursday, as an improvement in the services sector could not fully offset the worst performance in over a year in manufacturing in the euro zone's second-biggest economy. Data compiler Markit said its composite purchasing managers index of activity in both the manufacturing and services sector rose to 50.0 from 49.4 in July, hitting the 50-point line that separates growth in activity from contraction.


Analysis - Still awash with cash, world economies take turn for the worse 20 Aug 2014

LONDON - China's economy is slowing. The euro zone's is a flat line. Japan's sank in the second quarter. Britain has wage deflation. The U.S. economy is ticking over at best.


Analysis - ECB in policy limbo, boxed in by its own plans 19 Aug 2014

FRANKFURT - The European Central Bank is in a policy no man's land, bombarded by news of a stagnating euro zone economy but hesitant to move forward with new stimulus until measures it loaded in June have ignited.


Euro zone trade surplus rises more than expected in June 18 Aug 2014

BRUSSELS - The euro zone's trade surplus grew more than expected in June from June a year ago, data showed on Monday, but the improved surplus does not yet reflect the full effect of sanctions and counter-sanctions imposed by the European Union and Russia over the conflict in Ukraine.


Bundesbank says euro zone to grow slower than thought 18 Aug 2014

FRANKFURT - The euro zone economy is expected grow more slowly than initially expected during the rest of this year as conflicts in Ukraine and elsewhere weigh on business confidence, Germany's central bank said on Monday.


European powers float idea of Gaza monitoring mechanism

UNITED NATIONS - Britain, France and Germany have floated the idea of creating a monitoring and verification mechanism for any future ceasefire between Israel and the Palestinians in the Gaza Strip to prevent future conflicts, a senior British diplomat said on Friday.

Rain-damaged European feed wheat may hurt corn sales in Asia

SINGAPORE - Asian feed grain importers expect an influx of cheap feed wheat from Ukraine and France as heavy rain in Europe damages the quality of crops, leaving them fit for only animal consumption.


Italy's Renzi rules out corrective budget, pension cuts

ROME - Italian Prime Minister Matteo Renzi denied on Thursday that his government planned to raise taxes, cut pensions or adopt corrective measures to rein in the budget deficit this year.

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