Monday, January 19, 2015
Historically neutral Switzerland's foray into the global currency war ended in defeat this past week after its central bank left markets shell-shocked by abandoning the franc's exchange rate floor, analysts said.
Thursday, January 15, 2015
British inflation dived in December to a record low on sliding oil prices, official data showed Tuesday, sparking deflation fears and dampening prospects of interest rate hikes any time soon.
The EU signaled Tuesday it would show leniency to overspending member states including Italy and France that are nearing an already extended deadline to get their budgets in line with Brussels rules.
Inflation in Russia could hit 17 percent this year, the deputy economy minister said Wednesday, as the ruble suffers on the back of slumping oil prices.
Wednesday, January 14, 2015
The European Central Bank (ECB) is not divided over the issue of sovereign bond purchases and will be in a position to reach a decision this month, two top officials said Tuesday.
The head of the group of eurozone finance ministers promised Tuesday to work with the winner of the upcoming Greek election, but urged Athens to stick with austerity.
Saturday, January 10, 2015
Falling industrial output and exports suggest Germany's current economic weakness is not over yet, nevertheless, Europe's biggest economy looks set to regain momentum this year, analysts said on Friday.
Thursday, January 8, 2015
EU sanctions against Russia over the crisis in Ukraine are cutting both ways: hurting Russia as well as pinching some big European companies. But economic relief isn't likely any time soon, diplomats and analysts say, since EU divisions make the sanctions tough to overturn.
The German labor market continued to shine in December, shrugging off current economic weakness, with unemployment now at its lowest level since unification, official data showed on Wednesday.
Fewer Spaniards stood in jobless queues in 2014, consumer spending rose and banks boosted lending — all signs pointing to Spain's economy getting back on track after six years of a grueling financial crisis.