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Euro zone business surveys suggest slow but steady growth


LONDON Economic growth in the euro zone will be steady but slow in the second quarter, surveys suggested on Wednesday, underlying European Commission concerns about the vulnerability of the currency bloc's upturn.


Euro zone businesses trudged into the second quarter - PMI 04 May 2016

LONDON Euro zone business growth was slow but steady last month, a survey showed on Wednesday, suggesting the European Central Bank's massive stimulus programme is underpinning activity but not yet boosting inflation.


EU's Tusk calls for sealing Greek debt talks by end-May 04 May 2016

BRUSSELS European Council President Donald Tusk on Tuesday called for a deal in Greek debt talks by the end of the month and said more intensive efforts were needed for that to happen.


Germany's Schaeuble rules out 'big Greece crisis' this year 03 May 2016

BERLIN German Finance Minister Wolfgang Schaeuble said on Tuesday that he did not expect a "big crisis" to erupt this year in Greece, which is in talks with lenders on concluding its bailout review to unlock new funds and debt relief.


EU Commission sees euro zone growth slowing, urges more investment 03 May 2016

BRUSSELS Despite surprisingly strong growth in the first quarter, euro zone growth is likely to slow down slightly this year as ultra-low interest rates have yet to spur faster investment, the European Commission said on Tuesday. | Video

Irish manufacturing growth slows to two-and-a-half-year low in April - PMI 03 May 2016

DUBLIN Irish manufacturing growth slowed to its lowest rate in two and a half years in April when new orders weakened, a survey showed on Tuesday, as a slowdown in global markets hit the euro zone's fastest-growing economy.


Slow progress on Greek reform, debt talks, May 9 deal unlikely - sources 03 May 2016

ROME Talks on concluding Greece's bailout review to unlock new funds and debt relief are progressing only slowly and no deal is likely at a special meeting of euro zone finance ministers on May 9, two sources close to the talks said on Monday.


Sluggish factory activity sets global tone for Q2 02 May 2016

BENGALURU/SYDNEY Asian factories barely grew in April and those in the euro zone did little better despite heavy discounting, setting a sluggish tone on Monday for the global economy in the second quarter.


Euro zone factory growth weakens in April despite heavy discounting 02 May 2016

Euro zone factories did slightly better in April, with output not losing as much momentum as initially thought but growth in activity remaining weak despite the second-deepest price-cutting since early 2010, a survey showed on Monday.


ECB's Coeure says inflation will take time to recover 02 May 2016

PARIS The European Central Bank's exceptional monetary stimulus will take time to boost euro zone inflation although it is already helping growth, Executive Board member Benoit Coeure said on Monday.


Italy, Germany agree on immigration policy, but not on financing

ROME Italy and Germany agree on how Europe should tackle the migrant crisis and oppose any move to fence off borders, but they are at odds over how to fund proposed initiatives, the leaders of the two countries said on Thursday.

Sanofi ready to up offer for drugmaker Medivation, could oust board

PARIS France's Sanofi said it could raise its proposed $9.3 billion (6 billion pound) deal to buy Medivation if the U.S. cancer drugmaker engaged in talks, threatening to go directly to shareholders to oust the board if not.


Finmeccanica lifts orders, cash guidance on Eurofighter deal

MILAN Italian aerospace and defence group Finmeccanica raised its 2016 forecasts for orders and cash flow on Thursday, helped by a multi-billion-euro Eurofighter contract, but its shares fell as quarterly results missed some traders' expectations.

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