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February, 23, 2017

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Business > Europe
A survey shows that business activity across the 19-nation eurozone is growing at a relatively strong pace at the end of the year thanks to an upturn in manufacturing.
 
IMF boss Christine Lagarde faced a grilling Tuesday, the second day of her trial, over the "colossal" damages payout authorized for a tycoon while she was French finance minister.
 
Iran signs agreements with Russia's Gazprom to develop oil fields
Iran signed preliminary agreements with Russia's Gazprom on Tuesday to develop two major oil fields in the latest of a flurry of deals with foreign firms, local media reported.
 
Italy's biggest bank, UniCredit, announced plans Tuesday to slash 14,000 jobs and raise billions of euros in fresh capital as fears of a banking and political crisis grip the country.
 
The Dutch economy has grown by 2.1 percent this year the government's economic think tank said on Tuesday, thereby recovering to pre-financial crisis levels.
 
IMF chief Lagarde on trial over Tapie payment
IMF chief Christine Lagarde goes on trial in France on Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career.
 
Italy's troubled Monte dei Paschi di Siena (BMPS) bank on Sunday announced it would go ahead with plans to seek a private sector-led rescue, narrowly avoiding the need for a government bailout.
 
European stock markets squeezed out further gains on Friday after a strong trading week for the region that saw the main Paris index hit one-year highs.
 
France's central bank trimmed its growth forecasts for 2016 and 2017 on Friday, citing a deterioration in the global economy and Britain's decision to leave the European Union.
 
Christmas spending
People enjoy a stroll at the traditional Christmas market in Frankfurt, Germany, Thursday, Dec. 8
 
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