European stock markets rose Friday after a strong set of industrial production figures for January stoked hopes that the recovery from recession in the 16 countries that use the euro may be stronger than previously thought.
The FTSE 100 index of leading British shares was up 18.60 points, or 0.3 percent, at 5,635.86 while Germany’s DAX [...]
Archive for the ‘european economy’ Category
European markets lifted by industrial output data
March 12th, 2010 by Financial Writer
Tags: economic recovery, european markets, european stock markets, us consumer, wall street
more...Ten cities managing to weather the recession
March 9th, 2010 by Financial Writer
Las month business in Washington, D.C. ground to a halt as record snowfalls pummeled the area and a sparring match over national health care reform hijacked the political conversation. But the nation’s capital is getting something right: It is emerging from the recession better than any other major city in the country, according to research [...]
Tags: business, economic recovery, month business, recession, unemployment
Iceland votes over foreign debts, economy at risk
March 6th, 2010 by Financial Writer
Icelanders voted in a referendum on Saturday on a $5 billion deal to repay Anglo-Dutch loans, with an expected resounding “No” set to further delay foreign aid and hopes for economic recovery.
Despite the consequences of rejecting the standing deal, Icelanders are set to do just that, angry about what they see as harsh repayment terms [...]
Tags: debts, european union, iceland, icelanders, loans, private bankers
Stocks rise following upbeat news overseas
March 2nd, 2010 by Financial Writer
Stocks rose Tuesday following gains globally overnight. Overseas markets rallied on upbeat economic reports in Asia and growing hopes European leaders will complete a bailout for debt-burdened Greece.
Japan’s unemployment rate dropped for the second straight month in January and household spending grew — hopeful signs for recovery in the world’s second-largest economy. Australia’s central bank [...]
Tags: european leaders, Federal Reserve, stocks rise, unemployment rate, us investors
Greek PM says economic crisis confirmed worst fears
February 26th, 2010 by Financial Writer
Prime Minister George Papandreou on Friday vowed to ignore the political costs and take drastic measures to pull Greece out of a debt crisis threatening the stability of the euro zone.
Speaking to parliament after a visit by EU economic inspectors, Papandreou said Greece did not want other countries to pay for its debts but expected [...]
Tags: debt crisis, economic crisis, eu economic, euro zone, greek pm, greek stocks
Durable goods orders rise 3 percent in January
February 25th, 2010 by Financial Writer
Orders to U.S. factories for big-ticket manufactured goods shot up in January by the largest amount in six months, but the strength came from a surge in demand for commercial aircraft.
Demand for autos, machinery and a host of other products fell last month, indicating manufacturing is still facing hurdles that could slow the economic recovery.
The [...]
Tags: commerce department, commercial aircraft, domestic economy, economic recovery, manufactured goods
Poll: Economists see ‘healthy’ expansion under way
February 22nd, 2010 by Financial Writer
Economists expect the recovery to remain “firmly on track” over the next two years though job growth is likely to remain slow, according to a new survey.
The latest outlook from The National Association for Business Economics, set to be released Monday, sees regular job gains resuming this quarter but no drop in unemployment below 9 [...]
Tags: business economics, economists, federal debt, inflation, unemployment
Low inflation gives Fed room to keep rates down
February 20th, 2010 by Financial Writer
The Federal Reserve seems likely to keep interest rates at record lows for several more months after news Friday that consumer prices excluding food and energy fell in January.
It was the first time such prices have fallen in any month since 1982.
The tame report on consumer prices sent a positive signal to investors and borrowers. [...]
Tags: borrowers, businesses, Dow Jones Industrial, economic recovery, Federal Reserve, global financial markets, investors, low inflation
World markets buoyed by banks despite Greek fears
February 16th, 2010 by Financial Writer
World stock markets mostly rose Tuesday after strong earnings from British bank Barclays PLC and ahead of Wall Street’s open following a public holiday in the U.S.
However, investors, particularly in Europe, remained wary about the Greek debt crisis and the associated response from the European Union.
In Europe, the FTSE 100 index of leading British shares [...]
Tags: british bank, european union, greek debt, greek fears, stock markets
EU’s Almunia says antitrust rules important in crisis
February 15th, 2010 by Financial Writer
Joaquin Almunia, the EU’s newly-appointed competition chief, said on Monday the economic crisis was no excuse for loosening strict antitrust rules and reducing fines for violations that critics say are too high.
Almunia, the former monetary affairs commissioner who took over the competition portfolio from Neelie Kroes last week, outlined his priorities at an industry event [...]
Tags: businesses, economic crisis, european commission, joaquin almunia