Archive for the Business E U News Category
EU posts 49.2-billion-euro current account deficit in 2nd quarter
BRUSSELS, - The current account deficit of the European Union (EU) fell further in the second quarter of this year to 49.2 billion euros (73.75 billion U.S. dollars), official figures showed on Thursday.
British economy faces fragile recovery: UK think-tank
LONDON, Britain would face a fragile recovery with the economy growing only 1.3 percent and 1.5 percent in 2010 and 2011 respectively, according to the latest economic review released by the National Institute of Economic and Social Research (NIESR), a British think-tank.
British public sector borrowing hits record high in September
LONDON, Britain’s public sector net borrowing reached 14.8 billion pounds (24.2 billion U.S. dollars) in September, a record high for September, the Office for National Statistics (ONS) reported on Tuesday.
Major Economies Forum narrows divergence on climate change solutions
LONDON, Major economies have further narrowed the differences on the solutions to climate change after they ended a two-day Major Economics Forum (MEF) here on Monday, though prospects for a new UN climate change pact still remained in the balance.
S Korea reports $4.2 bln current account surplus in September
SEOUL, - South Korea’s current account surplus posted 4.2 billion U.S. dollars in September on an increase in cars and semiconductors exports, up from 1.91 billion dollars in the previous month, the central bank said Wednesday.
SocGen announces 4.8 billion euros capital increse
PARIS, French leading bank Societe Generale (SocGen) announced Tuesday a capital increase of 4.8 billion euros(7.1 billion dollars), which allows it to early repay government’s financial aids.
OPEC weekly oil price drops
VIENNA,- The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) kept dropping to 65.75 U.S. dollars per battle last week, 1.05 U.S. dollars lower than the previous week, the Vienna-based cartel said on Monday.
Czech state-owned airline comes under the hammer
PRAGUE, - The Czech state-owned airlines CSA with their 19 Airbuses, 19 Boeings and a dozen of smaller ATR planes may land a bargain price of 1 billion crowns (58 million U.S. dollars), local media reported.
EU files antitrust charges against three major airlines
BRUSSELS,The European Commission said on Friday it had launched antitrust charges against British Airways, American Airlines and Iberia for their proposed cooperation on transatlantic routes.
Eurozone industrial producer prices up by 0.4% in August
BRUSSELS, Industrial producer prices in the euro zone rebounded by 0.4 percent in August, compared with the previous month, the European Union (EU)’s statistics bureau Euro stat said on Friday.
EU eyes year-end deal on reform of financial supervision
GOTHENBURG, Sweden, European Union (EU) countries were expected to reach a deal on an overhaul of financial supervision in the 27-nation bloc by the year end, the EU presidency said on Thursday.
Spain’s jobless rate to top 20% in 2010: IMF
MADRID,- Spain’s unemployment rate would top 20 percent in 2010, the International Monetary fund (IMF) said on Thursday.
EU finance ministers to mull exit strategy, financial supervision
GOTHENBURG, Sweden, European Union (EU) finance ministers gather on Thursday to discuss exit strategy of ending fiscal stimulus and financial supervision in the Swedish port city of Gothenburg.
French leading bank to repay governmental aid early
PARIS, BNP Parisbas, France’s leading bank announced Tuesday that it will reimburse bailout funds to the government months earlier than scheduled.
Panasonic wins conditional EU approval to buy Sanyo
BRUSSELS, Japanese electronics giant Panasonic won approval on Tuesday from the European Union (EU) to buy its rival Sanyo Electric on condition that it sells certain battery production facilities in Europe.
Italy’s economic outlook grows brighter: economic minister
ROME, Italy’s economic outlook was growing brighter, local media reported on Sunday, quoting Economy Minister Giulio Tremonti as saying.
France’s GDP grows for first time after four quarters of decline
PARIS, France’s gross domestic product grew 0.3 percent in the second quarter, the first increase after four consecutive quarters of decline, the government said Friday.
German consumer confidence rises to 16-month high
BERLIN, German consumer confidence for October has risen to a 16-month high as both economy and income expectations increased, according to a key survey released Friday.
Austrian economic research institutes optimistic about Austrian economic trend
VIENNA, The Austrian institutes for economic research believed that, benefited from the national and international economic stimulation measures, the economy of Austria would be stabilized in the second half of this year. However, the Gross Domestic Product (GDP) of this year would decline by 3.4 percent.
Euro should be Polish economy’s strategic goal: minister
WARSAW,Integration with the euro zone should be the strategic goal of the Polish economy, Finance Minister Jacek Rostowski told a news conference here Wednesday.
Eurozone industrial new orders rise in July
BRUSSELS,Industrial new orders recorded a higher-than-expected increase in July in the 16-nation euro zone, official figures revealed on Wednesday.
