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Saturday, November 15, 2014
The economic clouds over Europe appeared to lift slightly in the third quarter as its two biggest economies both narrowly escaped a new recession, official data showed on Friday.
Thursday, November 13, 2014
Leading Italian banks healthier after EU test
The recent Europe-wide health check on banks is producing results for Italy, whose top two lenders on Tuesday posted a strong rise in quarterly profits after cleaning up their finances in anticipation of the test.
The EU's top court ruled Tuesday that member states do not have to pay welfare to EU citizens coming solely to claim benefits, offering some welcome relief to governments under fire from anti-EU parties on immigration.
Wednesday, November 12, 2014
With the Russian ruble in a nosedive under the pressure of Western sanctions and slumping oil prices, the country's central bank decided Monday to freely float the currency in markets and stop regularly spending billions in a vain attempt to stem its fall.
Monday, November 10, 2014
Pricey Norway's unlikely budget airline
“Norway” and “cheap” are two words that rarely go together, yet this oil-rich Scandinavian country is where Europe's third-largest budget airline first spread its wings.
Saturday, November 8, 2014
Germany plans an additional 10 billion euros (US$12 billion) in public investment by 2018, its finance minister said Thursday, amid calls by some EU partners to do more to help the eurozone economy.
Friday, November 7, 2014
The European Central Bank has kept its main interest rate unchanged at a record low of 0.05 percent, leaving investors waiting for President Mario Draghi's news conference for hints about whether the bank will ramp up its stimulus measures.
Thursday, November 6, 2014
Further evidence emerged Wednesday to suggest the 18-country eurozone is more likely to sink back into recession than stage a strong rebound, adding pressure on the European Central Bank (ECB) to enact a further stimulus in the months ahead.
Monday, November 3, 2014
ECB set to sit tight on rates despite moribund economy
The European Central Bank is likely to hold fire on new policy moves Thursday and leave a series of radical recent measures to take their course, despite pressure over a weak economic recovery, analysts say.
Saturday, November 1, 2014
Inflation crept higher in the 18 countries that use the euro in October — but the rise to an annual 0.4 percent offered little relief to the European Central Bank (ECB) as it tries to boost a weak economy.
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