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August, 26, 2016

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Business > Europe
European stocks slid Thursday in choppy trade as investors eyed poor German data and recent oil price falls, on the eve of a speech by Federal Reserve boss Janet Yellen.
German business confidence made a steeper fall in August than expected, slipping to its lowest level since December 2014, the Ifo economic institute said on Thursday.
Officials have revised Spain's quarterly economic growth figure for the April-June period upward, from 0.7 percent to 0.8 percent, welcome news for a country in its eighth month without a fully functioning government.
The European Commission and Portugal said Wednesday they have agreed on a 5-billion-euro deal to recapitalize the state-owned Caixa Geral de Depositos bank, including through a 2.7-billion-euro injection of state
European stock markets mostly rose on Wednesday, shrugging off a largely downbeat session in Asia, with sentiment partly lifted by German economic growth data.
European stock markets rebounded on Tuesday, with some support coming from slightly improving eurozone data.
The leaders of Italy, France and Germany insisted Monday that Britain's shock decision to quit the European Union would not kill the bloc.
Eurozone economic activity edged higher in August with few signs that Brexit-linked dangers were yet hurting the European economy, a closely watched survey showed Tuesday.
Lithuania says it has signed a contract to purchase dozens of German military vehicles worth 386 million euros (US$437 million), in the Baltic country's largest weaponry purchase to date.
Eurozone stock markets rose Monday looking ahead to a key meeting of central bankers at the end of the week, but London retreated on heavy falls for heavyweight mining shares.
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