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Monday, February 10, 2014
Spain's 'shadow economy' flourishes during economic downturn
About 40 men pace around on a busy Madrid square to keep warm as they wait to be hired for the day at building sites across the Spanish capital.
Saturday, February 8, 2014
France cut a crippling trade deficit by nearly nine percent last year partly due to falling imports, official data showed on Friday in figures that contrasted starkly with a record surplus in Germany.
Germany's trade surplus narrowed slightly in December, as export momentum tailed off at the year-end, but Europe's biggest economy notched up a record surplus for the whole year, data showed Friday.
Friday, February 7, 2014
European Central Bank President Mario Draghi said the eurozone economy remains weak and will recover “at a slow pace” but that, for now, additional stimulus isn't needed.
The European Central Bank is weighing conflicting signals from the economy as it considers whether to cut interest rates again for the 18-country euro bloc.
Thursday, February 6, 2014
Disappointing retail sales figures are likely to reinforce concerns at the European Central Bank that the eurozone economic recovery is failing to gain momentum at a time when inflation is stubbornly low.
Wednesday, February 5, 2014
Falling domestic and export demand hit Germany's key mechanical engineering sector in December, and 2013 as a whole was a difficult year for the sector, the VDMA industry federation said on Tuesday.
Wednesday, January 29, 2014
France on Monday said the number of registered jobless rose to a record 3.3 million in December, belying President Francois Hollande's pledge to reverse the trend by the end of last year.
Tuesday, January 28, 2014
Russia on Monday imposed a ban on Australian beef byproducts such as offal over the use of a growth stimulant allowed in some nations but that Moscow considers unsafe.
The Turkish lira remained at low levels on Monday and started the day at 2.33 despite the central bank's intervention in the foreign exchange market last week.
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