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Volkswagen shrugs off 1 billion euro legal hit with higher SUV sales

7:41am, 2nd May, 2019

Volkswagen shrugs off 1 billion euro legal hit with higher SUV sales

Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.5 percent higher.

Poland's Kaczynski says 'no' to the euro as part of election campaign

7:22am, 13th April, 2019

Poland's Kaczynski says 'no' to the euro as part of election campaign

Poland's ruling Law and Justice party (PiS) says 'no' to the euro and believes Warsaw should only adopt the common currency when its economy is as big as Germany's, PiS leader Jaroslaw Kaczynski said on Saturday.

Euro zone core inflation edges higher in Jan

5:26am, 22nd February, 2019

Euro zone core inflation edges higher in Jan

Euro zone headline consumer inflation slowed slightly in January because of a sharp deceleration of energy price growth, but core inflation watched closely by the European Central Bank in policy decisions edged slightly higher, data showed on Friday.

Sterling, euro stocks scuttled as Brexit deal hits the rocks

5:25am, 15th November, 2018

Sterling, euro stocks scuttled as Brexit deal hits the rocks

Sterling tumbled and the rest of Europe's share markets groaned on Thursday, after a long-awaited Brexit agreement was thrown into chaos as Britain's chief negotiator for the deal quit just 12 hours after it had been unveiled.

Euro, pound firmer after Brexit deal but broader concerns support dollar

9:18pm, 14th November, 2018

Euro, pound firmer after Brexit deal but broader concerns support dollar

The dollar weakened on Thursday against the pound and euro, which rose after Britain's prime minister won cabinet approval for her draft Brexit plan, although concerns about whether the proposal can clear parliamentary hurdles capped broader gai...

Europe shares rise, euro falls briefly as sources say Merkel to give up as party chief

7:02am, 29th October, 2018

Europe shares rise, euro falls briefly as sources say Merkel to give up as party chief

European shares climbed and U.S. stock futures erased losses on Monday thanks to encouraging earnings reports, while the euro fell briefly after sources said German Chancellor Angela Merkel would not seek re-election as head of her CDU party.

Five-Star leader says he will defend Italy's euro membership

12:34pm, 21st October, 2018

Five-Star leader says he will defend Italy's euro membership

Italy's Deputy Prime Minister and Five-Star leader Luigi Di Maio said on Sunday he was committed to preserving the country's membership of the euro zone.

Asian shares ease, euro near six-week lows on Italian woes; gold jumps

8:53pm, 2nd October, 2018

Asian shares ease, euro near six-week lows on Italian woes; gold jumps

Asian shares ticked down on Wednesday and the euro held at six-week lows as Italy's mounting debt and Rome's budget plan set it on a collision course with the European Union.

Asia shares, euro under water as Turkish lira sinks

9:22pm, 12th August, 2018

Asia shares, euro under water as Turkish lira sinks

Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the U.S. dollar, Swiss franc and yen.

Turkish currency's freefall rocks world equity markets, euro

4:32pm, 10th August, 2018

Turkish currency's freefall rocks world equity markets, euro

A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further fallout sent investors scurrying for safety in assets like the yen and U.S. government bonds.

BMW to build 1 billion euro car factory in Hungary

8:37am, 31st July, 2018

BMW to build 1 billion euro car factory in Hungary

BMW will invest 1 billion euros ($1.17 bln) to build a new plant in Hungary at a time when a rise in protectionism is forcing carmakers to curb inter-continental exports and to refocus production networks to serve regional trading blocs.

Tech stocks pull down equity markets, euro gains

2:31pm, 30th July, 2018

Tech stocks pull down equity markets, euro gains

The dollar slipped against the euro on Monday ahead of several central bank monetary policy meetings this week, and a gauge of global equity markets fell, pulled down by a slide in U.S. technology heavyweights.

Deutsche Bank shifts large part of euro clearing to Frankfurt from London

3:12am, 30th July, 2018

Deutsche Bank shifts large part of euro clearing to Frankfurt from London

Deutsche Bank has moved a "large part" of its euro clearing activity to Frankfurt from London, a spokesman confirmed on Monday.

EU to hit Google with 4.3 billion euro fine in Android case: source

4:48am, 18th July, 2018

EU to hit Google with 4.3 billion euro fine in Android case: source

EU antitrust regulators will on Wednesday levy a 4.3-billion-euro ($5 billion) on Google for using its dominant Android mobile operating system to block rivals, a person familiar with the matter said.

Euro succumbs to selling after U.S. threat of more China tariffs

7:53am, 11th July, 2018

Euro succumbs to selling after U.S. threat of more China tariffs

The euro fell on Thursday after Washington threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict that has heightened worries that the euro zone economy could be hurt.

Euro zone budget could be conditional on discipline: IMF's Lagarde

1:41pm, 7th July, 2018

Euro zone budget could be conditional on discipline: IMF's Lagarde

IMF Managing Director Christine Lagarde said on Saturday that a proposed joint euro zone budget could be designed with conditions so that it does not become a no-strings-attached transfer of rich countries' cash to poorer members.

Asian shares falter as U.S. readies China tariffs, euro at two-week low on ECB

1:15am, 15th June, 2018

Asian shares falter as U.S. readies China tariffs, euro at two-week low on ECB

TOKYO (Reuters) - Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.

Euro tumbles as ECB vows to keep rate down

7:41am, 14th June, 2018

Euro tumbles as ECB vows to keep rate down

LONDON (Reuters) - The euro fell a full cent against the dollar and government borrowing costs dropped on Thursday, after the European Central Bank vowed not to raise euro zone interest rates before the middle of next year.

Euro goes up as ECB prepares to wind down

5:06am, 14th June, 2018

Euro goes up as ECB prepares to wind down

LONDON (Reuters) - The euro rose to its highest in a month but world stocks wilted on Thursday, as the European Central Bank prepared to pull the plug on its 2.55 trillion-euro, three-year stimulus program.

Stocks rise despite G7 clash; Italy helps euro

4:15am, 11th June, 2018

Stocks rise despite G7 clash; Italy helps euro

LONDON (Reuters) - European stocks edged higher on Monday, shrugging off the weekend's fractious G7 meeting as investors looked forward to an event-packed week while receding tensions in Italy nudged the euro towards a recent three-week high.

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