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.
- The euro zone is set for at least two more years of low inflation, held down by a strong currency and anaemic economic and jobs growth, and still faces a very real threat of deflation, a Reuters poll showed on Wednesday.
PARIS - France's public-sector deficit will overrun EU limits yet again next year, breaching a deadline that was already extended by two years and setting the stage for a clash between Paris and its European partners, a Reuters poll found.
BRUSSELS - A drop in March euro zone inflation to its lowest level since November 2009 was confirmed on Wednesday, keeping pressure on the European Central Bank to intervene if prices do not rebound.
VIENNA - Raiffeisen Landesbank Oberoesterreich AG (RLB OOe) is confident it will pass a stress test for big euro zone banks this year after boosting its capital solvency ratios in 2013 and scaling back its balance sheet to cut risk, its chief executive said.
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's government is to set out its roadmap to deficit reduction on Wednesday using optimistic growth forecasts considered risky by its own fiscal watchdog to show how it will meet European budget standards by the end of next year.
MILAN - Italy's top two banks UniCredit and Intesa Sanpaolo have signed a deal with U.S. private equity firm KKR to pool some of their problematic loans, as the country's lenders seek new ways to grapple with soured debts.