FRANKFURT, Germany (AP) — The unemployment rate in the 19 European Union countries that use the euro fell to its lowest in more than a decade in May as domestic demand and low interest rates help...
Draghi’s “whatever it takes” a tough act to follow
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi is credited with saving the euro by using new and sometimes unorthodox policy tools. The question now is, will the next ECB...
FRANKFURT, Germany (AP) — The European Central Bank could unleash more stimulus if the economy doesn't pick up soon, its president warned Tuesday, sparking a sharp drop in the euro and drawing an...
Euro gains in global use, but dollar still dominates
FRANKFURT, Germany (AP) — The euro has gained ground as a global currency used for government reserves as U.S. economic sanctions deter some countries' use of the dollar, the European Central Bank...
Stock markets turn around after tech sell-off
BANGKOK (AP) — Shares in Europe are bouncing back Tuesday and Wall Street appears headed for gains as Mexico tries to ease trade tensions with the U.S., while President Donald Trump meets with...
World stocks rise ahead of vote to push Brexit back
LONDON (AP) — Global stock markets pushed higher on Thursday as traders awaited a vote that could delay Britain's March 29 exit from the European Union.
Markets Right Now: US stocks sink as European outlook dims
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are closing broadly lower on Wall Street as traders were discouraged by more disappointing news on the global economy and company profits.
Technology companies, health care stocks and banks led the way lower on Thursday. Twitter slumped almost 10 percent after issuing a weak forecast.
Eurozone concerns mount as inflation dips and economy slows
LONDON (AP) — Further signs of a cooldown in the eurozone economy emerged Friday, weighing on expectations that the European Central Bank will start raising interest rates this year.
Inflation across the 19-country currency union fell in December to an eight-month low in the wake of the recent slump in oil prices. And a closely watched survey found that the eurozone economy barely grew during the month largely because of popular protests that brought much of France to a standstill.
Asia shares mixed, Shanghai gains after Apple sales warning
SINGAPORE (AP) — Asian markets were mixed on Thursday after tumbling more than 1 percent on the first trading day of 2019. Apple downgraded its sales projections, citing slowing Chinese growth, hitting technology shares in South Korea and Taiwan. The Japanese yen, seen as a relatively safe asset, strengthened against the dollar, euro and several other Asian and European currencies.
World markets in ascendant ahead of Fed’s rate decision
LONDON (AP) — Stock markets around the world posted solid gains Wednesday ahead of an expected interest rate hike from the U.S. Federal Reserve. More interest though will be on the statement accompanying the decision and the press conference of Fed Chair Jerome Powell.
Stocks plunge to 8-month lows on growth fears; J&J nosedives
NEW YORK (AP) — Stocks staggered to eight-month lows Friday after weak economic data from China and Europe set off more worries about the global economy. Mounting tensions in Europe over Britain's impending departure from the European Union also darkened traders' moods.
Major U.S. indexes fell about 2 percent and the Dow Jones Industrial Average dropped as much as 563 points. On the benchmark S&P 500 index, health care and technology companies absorbed the worst losses.
How to qualify for soccer’s 2020 European Championship
GENEVA (AP) — With the inaugural Nations League program ending Tuesday, the 2020 European Championship is up next for the continent's national teams.
All 24 places at Euro 2020 are up for grabs when qualifying starts in March, although the Nations League helped shape the draw that will be held on Dec. 2 in Dublin.
Germany, for instance, won't be among the top-seeded teams because of its poor results since September.
What’s at stake as Italy plays chicken with markets, EU
MILAN (AP) — Italy's government is playing a game of chicken with European authorities and financial markets over plans to spend big — and it's unclear whether the country can avoid a collision that would spread wreckage throughout Europe and the rest of the world.
Financial markets have been falling in Italy and the risk is the dispute could revive investors' dormant concerns about the country's stability and the future of the euro.
World stocks slip as trade relief fades, amid Italy concerns
SINGAPORE (AP) — Global markets slipped Tuesday as investors took stock of the standstill in U.S. trade negotiations with China, despite a fresh deal on North American trade. In Europe, concerns about Italy's public spending plans weighed on sentiment.
Stocks turn lower on concern about Italy’s spending plans
SINGAPORE (AP) — Global stocks turned lower on Friday amid concern that Italy's populist government plans to spend heavily on policies that could add to the country's already heavy debt load.
Euro 2024 study: Human rights concern in Turkey, not Germany
A week before the 2024 European Championship hosting vote, UEFA expressed concern on Friday about Turkey's human rights record and logistics, while raising no significant issues with Germany's proposals in an evaluation of the two bids.
Turkey has taken an increasingly repressive direction under Recep Tayyip Erdogan's presidency and European football's governing body is troubled by the lack of proposals "to ensure the protection of human rights" at the 24-nation flagship tournament.
Port wine? Feta? Brexit may spell trouble for famed EU names
PINHAO, Portugal (AP) — The scorching late summer sun of northern Portugal is ripening the black, super-sweet grapes that will go to make what European Union rules say is the only wine in the world that can be called port.
Winemaking has for centuries been a way of life for many families here in the picturesque valley of the River Douro. It's a tradition the EU regulations are designed to protect.
- The Detroit NewsRichest economies enjoy biggest pay raise in a decadeSeptember 17, 2018
Global stocks fall as weak dollar weighs on sentiment
SINGAPORE (AP) — Global markets were mostly lower Thursday as a weak dollar eclipsed strong U.S. economic data and signs that the European Union could offer Britain a special partnership before it leaves the bloc in March.
Asian stocks mixed after ECB announcement, US data
SEOUL, South Korea (AP) — Asian stock markets were mixed Friday after Wall Street largely finished with gains following the European Central Bank's announcement to phase out its bond-buying stimulus. Upbeat U.S. data helped bolstered sentiment.
RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):
In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible.
Mario Draghi said Thursday that "it doesn't pay at all to discuss the existence of something that's irreversible. It can only create damages."
Global markets higher ahead of Trump-Kim meeting
BEIJING (AP) — Global markets mostly rose Monday as Donald Trump prepared to meet North Korean leader Kim Jong Un following the American president's outburst at Canada's prime minister over trade. European markets were boosted by an Italian official's declaration that the country has no intention of leaving the euro.
ROME (AP) — Italy's new populist government isn't considering leaving the eurozone, the country's economy minister insisted, dismissing financial markets' rocky reaction to the euroskeptic coalition now in power as "normal questions that accompany political transition."
TOKYO (AP) — Global stock markets fell Friday ahead of a Group of Seven summit that promises to be tense as leaders confront U.S. President Donald Trump over tariffs he is imposing. Investors will then also look to policy meetings by the European Central Bank and Federal Reserve next week.
Asian stocks higher after Wall Street gains
SEOUL, South Korea (AP) — Asian stock markets rose Thursday following a rally on Wall Street as remarks by a European Central Bank board member eased worries about the new Italian government's spending plans.
ROME (AP) — The Latest on Italian politics (all times local):
The alliance of the anti-establishment 5-Star Movement and the right-wing League has won a confidence vote in Italy's upper chamber of Parliament, a crucial step in launching western Europe's first populist government.
NEW YORK (AP) — Stocks climbed Friday after a report showed the U.S. job market is still revving higher, even with the specter of a possible trade war hanging over markets around the world.
- ACCESSWIREEurozone inflation has not been as good as the European Bank's target. The euro is trading at 1.12 against the US dollar, alerting to short-covering and regaining the declineMay 15, 2019
- Globe NewswireBanca IFIS Group: Net profit for the period: 29,9 million EuroMay 9, 2019
- Globe NewswireBio-on board of directors approves Draft Budget and IAS/IFRS Consolidated Financial Statement at 31 December 2018March 30, 2019
- Business WireSuccess of Thales Offer for Gemalto SharesMarch 29, 2019
- Globe NewswireIpsos 2018 Annual ResultsFebruary 27, 2019
FRANKFURT, Germany (AP) — Italy's political turmoil has roiled global financial markets this week and raised questions about the country's future as a member of Europe's shared currency, the euro.
Some in Italy and other countries in the 19-member currency union have complained about the euro, saying it has made life tougher economically.
Here's a quick look at the euro and why it's in the spotlight again.
Q: Why is the euro an issue in Italy's political crisis?
Global shares rose Thursday on the back of promising Chinese data and fresh signs that Italy may avoid imminent elections after all.
KEEPING SCORE: In Europe, France's CAC 40 climbed 0.4 percent to 5,446.54 while the FTSE 100 index gained 0.2 percent to 7,708.06. The DAX in Germany dropped 0.2 percent to 12,754. Italy's FTSE MIB jumped 1.2 percent to 22,050.37. U.S stocks are set for an optimistic start, with Dow futures up by 0.1 percent and the broader S&P 500 futures almost flat.
Asian shares rose Thursday after U.S. stocks recovered most of their sharp losses from a day earlier as jitters over Italy's political situation subsided.
LONDON (AP) — Stock markets recovered their poise Wednesday amid hopes for a resolution in Italy's political turmoil that may put a halt to talk of another election this year.
Stocks fell in Asia on Wednesday after turbulent sessions in the U.S. and Europe as Italy's political predicament stoked fears of instability in the euro bloc.
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks in the U.S. and Europe sank following political turmoil in Italy, which stoked fears of instability in the euro bloc.
Investors dumped Italian government bonds Tuesday, driving borrowing costs sharply higher for that country, and shifted money into U.S. bonds.
A steep drop in U.S. bond yields, which drives interest rates lower on loans, weighed heavily on banks. JPMorgan Chase fell 4.3 percent.
ROME (AP) — Italian populists vowed Monday to convert voter anger over their thwarted bid to govern for the first time into a kind of plebiscite on the European Union, financial markets and eurozone membership as the country found itself propelled to fresh elections as soon as late summer.
Amid the political turmoil, Carlo Cottarelli, an economist with International Monetary Fund experience, was asked by the Italian president to assemble a technocrat government to take the country to elections.
LONDON (AP) — A much-anticipated economic pick-up across the 19-country eurozone does not appear to be materializing yet, if one closely-watched survey is anything to go by.
Financial information firm IHS Markit said Wednesday that its purchasing managers' index for the eurozone — a broad gauge of business activity — fell in May to an 18-month low of 54.1 points from 55.1 the previous month.
LISBON, Portugal (AP) — Portugal is going to the World Cup in Russia next month with Cristiano Ronaldo and 12 other players who led the nation to the European Championship title two years ago.
Coach Fernando Santos announced a 23-man squad on Thursday, including nine players who started the final against France at Euro 2016.
The only two starters from the final who will not make it are Nani and Renato Sanches.
FRANKFURT, Germany (AP) — The head of the European Central Bank is urging political leaders to repair gaps in the way the euro is set up to prevent another crisis — including by finding money to help governments hit by deep recessions.
Mario Draghi said Friday in a speech in Florence, Italy, that sharing some government funds could provide "an extra layer of stabilization" for countries facing economic and market turmoil that can't be calmed through national budget and economic policies.
A willingness to fix the euro’s flaws is fading fast
FRANKFURT, Germany (AP) — When Angela Merkel was re-elected as Germany's leader in March, the way looked open for European nations to finally patch the remaining cracks in the euro — the structural flaws that threatened to break apart the shared currency in 2010-12.
Suddenly, those prospects for far-reaching agreements are fading, as one proposal after another falls by the wayside.
The reason: longstanding German fears of being handed the bill for financial profligacy in other member countries.
FRANKFURT, Germany (AP) — Top officials at the European Central Bank were concerned about a strengthening euro and the possibility of a global trade war as they decided at their last meeting to go slow in removing economic stimulus.
Ruble plunges for 2nd day following US sanctions
MOSCOW (AP) — The ruble plunged for the second day in a row on Tuesday following fresh U.S. sanctions against Russia.
The Russian currency hit lows against the dollar and euro last seen in 2016, while the government trailed as-yet unspecified support measures for sanction-hit companies.
FRANKFURT, Germany (AP) — Europe's economic recovery is rolling ahead, driving down unemployment to the lowest in nearly a decade. But lagging inflation means the European Central Bank will be in no hurry to end its stimulus efforts.
The European Union's statistics agency Eurostat said Wednesday that unemployment in the 19 countries that use the euro fell to 8.5 percent in February from 8.6 percent the month before.
The Brexit economic ledger with 1 year to go
LONDON (AP) — Britain is a year away from leaving the European Union, potentially with no post-Brexit agreement with its biggest trading partner.
And Thursday marks the half-way point since Prime Minister Theresa May triggered the two-year process for the country's departure from the EU.
FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):
European Central Bank head Mario Draghi has expressed concern about U.S. President Donald Trump's announced trade measures, saying the immediate spillover "is not going to be big" but that "unilateral decisions are dangerous."
He told a news conference Thursday that trade disputes should be resolved in multi-lateral negotiations, such as in the World Trade Organization.
The Latest: UN chief hopes sides will solve Catalan crisis
BARCELONA, Spain (AP) — The latest on Catalonia's independence referendum and Spain's response (all times local):
The United Nations says Secretary-General Antonio Guterres "trusts that the democratic institutions of Spain will find a solution" to the crisis between Catalan separatists and the national government.