Euro Zone

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Global economy starts second half on solid footing - PMIs


- China's factory activity expanded at its fastest in 18 months in July as new orders surged while the euro zone's private sector also perked up, suggesting the global economy started the second half of 2014 on a solid footing.


ECB's Mersch says sees revival of money markets - media 9:21am BST

WARSAW - There is a revival in the euro zone money market, but levels of liquidity have still not returned to where they were before the global financial crisis, European Central Bank Executive Board member Yves Mersch said.


Euro zone confidence falls in July, bodes ill for recovery 23 Jul 2014

BRUSSELS - Consumer confidence in the euro zone deteriorated much more than expected in July, adding to worries about the health of the bloc's economic recovery, European Commission preliminary data showed on Wednesday.


Don't risk market confidence by bending budget rules - EU economy czar 17 Jul 2014

BRUSSELS - Euro zone countries must beware of bending budget rules in the quest for economic growth, the EU's new economics czar said on Thursday, suggesting some proposals from France and Italy sought too much leeway.

Deflation still threatens euro zone, growth steady at best 17 Jul 2014

- There is little chance of a significant rebound in the euro zone economy in the next two years as low inflation and high unemployment keeps the currency bloc lagging behind its peers, a Reuters poll found on Thursday.


Euro zone June inflation unchanged at low levels as expected 17 Jul 2014

BRUSSELS - Euro zone inflation stayed low as expected in what the European Central Bank calls the "danger zone" in June as falling prices of food and phone calls offset more expensive tobacco and restaurants, data showed on Thursday.


Euro zone trade surplus widens in May, exports, imports flat year on year 16 Jul 2014

BRUSSELS - The euro zone's trade surplus grew year-on-year in May in a sign net trade made a positive contribution to economic growth in the second quarter, the European Union's Statistics Office data showed on Wednesday.


Nowotny not sure ECB's plan for asset-backed securities would fly 16 Jul 2014

FRANKFURT - A European Central Bank policymaker cast doubt on Wednesday on whether the ECB will go ahead and buy asset-backed securities - trumpeted last month as a possible measure to help revive the euro zone economy.


ECB's Weidmann says euro zone debt crisis could flare up again 16 Jul 2014

BERLIN - The euro zone debt crisis could flare up again quickly if governments do not use time the European Central Bank has bought them to reform their economies and consolidate their budgets, ECB policymaker Jens Weidmann said.


ECB's Nowotny says low growth, inflation new normal for euro zone 16 Jul 2014

FRANKFURT - The European Central Bank must pursue an active policy stance to address low growth and inflation in the euro zone even though it recognises there is a risk of asset price bubbles forming as a side-effect, ECB policymaker Ewald Nowotny said on Wednesday.


Bentley lowers sales growth expectations, plans expansion

LONDON - Luxury carmaker Bentley expects to increase sales volumes this year by less than previously forecast, Chief Executive Wolfgang Duerheimer said on Thursday as he outlined dealership expansion plans and a potential new model.

French Jews living in fear, minister says

PARIS - Many members of France's Jewish community are living in fear after pro-Palestinian protests in recent weeks were marred by violence and use of anti-Semitic language, the country's foreign minister said on Thursday.


Death row Christian woman flies out of Sudan

ROME/KHARTOUM - A Sudanese woman who was spared a death sentence for converting from Islam to Christianity and then barred from leaving Sudan flew into Rome on Thursday in an Italian government plane. Mariam Yahya Ibrahim, whose sentence and detention triggered international outrage, walked off the aircraft cradling her baby and was greeted by Italian prime minister Matteo Renzi.

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