Germany more than halves 2013 growth forecast
The German government on Wednesday more than halved its economic growth forecast for this year to just 0.4 percent, evidence that the financial crisis ...
German economy shrank in Q4 in face of euro crisis
Germany's economy has fallen victim to economic problems hitting the rest of the eurozone and shrank in the fourth quarter of 2012, preliminary ...
Portugal introduces tax hikes despite outcry
Portugal's government has published new tax tables that further cut the income of workers and pensioners — the bailed-out country's latest austerity ...
Draghi says eurozone not past turning point yet
European Central Bank President Mario Draghi says the euro area's struggling economy is showing early signs of improvement and should grow modestly ...
Text of statement by ECB President Mario Draghi
Below is the full text of the statement that European Central Bank President Mario Draghi delivered at his press conference on Thursday. "Ladies and ...
ECB expected to leave rates at record low
Europe's stalled economy won't get more help Thursday from the European Central Bank, which is expected to hold off cutting interest rates as it waits ...
Asia stocks rise as Alcoa sees stronger demand
Asian stock markets rose Wednesday after the fourth-quarter earnings season got off to a positive start in the U.S. with aluminum giant Alcoa ...
Survey: German consumer confidence drops
German consumers are feeling less confident about the future even though they are more hopeful about their future income prospects. The monthly ...
Finland lowers economic growth forecasts
Finland expects economic contraction this year and little improvement in 2013 as the export-dependent country continues to suffer from reduced demand ...
German business confidence up more than expected
A key measure of German business optimism rose slightly more than expected in December, suggesting Europe's largest economy will avoid a recession ...
Dutch government's think-tank in recession call
The Dutch government's financial think-tank has joined the central bank in forecasting a recession in 2013 as a result of waning global trade ...
US airlines to lead industry recovery in profits
U.S. airlines will lead a recovery in the global sector's profits next year, mainly thanks to cost cuts and restructuring measures taken to address ...
OPEC keeps output target on hold amid weak economy
OPEC ministers agreed to keep their daily crude production target unchanged at a meeting Wednesday. But in a sign of internal rivalries, they failed ...
Asia stocks gain, unfazed by NKorea rocket launch
Asian stock markets rose Wednesday as a German business confidence survey alleviated concerns that Europe's largest economy might fall into recession.
German central bank cuts 2013 growth forecast
Germany's central bank sharply cut its 2013 economic growth forecast to 0.4 percent on Friday, while poor industrial production figures underlined ...
Asia stocks rise as US employment claims dip
Asian stock markets rose Friday after the number of Americans seeking unemployment benefits fell last week, offsetting a somber economic forecast by ...
ECB cuts growth outlook for eurozone, holds rates
The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic ...
Key quotes from ECB head Draghi's press briefing
At his monthly news conference following the European Central Bank's policy-setting meeting, President Mario Draghi on Thursday answered questions ...
ECB President Mario Draghi's speech
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today's ...
ECB could be done helping eurozone economy
The European Central Bank is unlikely to offer any further help for Europe's sagging economy Thursday after already lowering interest rates to record ...
UK Treasury chief juggles budget as outlook dims
Britain's Treasury chief George Osborne said Wednesday that the recovery of the U.K. economy is taking longer than he had hoped and warned more ...
Ireland imposes 6th straight austerity budget
Ireland's government unveiled plans for €3.5 billion ($4.5 billion) in new taxes and spending cuts in the debt-burdened country's sixth straight ...
Eurozone retail sales slump in October
Retail sales across the 17 European Union countries that use the euro slumped far more than anticipated in October, largely due to a huge drop in ...
Germany set to achieve balanced budget this year
Germany will achieve a balanced budget across all layers of government this year thanks to a resilient economy, low unemployment, higher tax revenues ...
Greece launches $13 billion bond buyback plan
Greece revealed Monday plans to spend up to €10 billion ($13 billion) in a bond buyback program that it hopes will help stabilize its mountainous debt
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