Taiwan held military exercises off its southern coast and told people to avoid traveling to the Philippines in what Premier Jiang Yi-huah called a “turning point” in relations with the Southeast Asian nation.
The French economy fell back into recession, increasing pressure on President Francois Hollande to adopt policies to revive growth.
French President Francois Hollande’s first anniversary in office today was marred by confirmation of France’s second recession in two years.
Scor SE, France’s largest reinsurer, said first-quarter profit climbed 6.7 percent, helped by higher premiums and fewer natural-disaster claims.
Italian industrial production fell more than economists expected in March, indicating there is little sign the country’s longest recession in two decades is easing.
U.K. construction output fell to its lowest level in more than 14 years in the first quarter as work on new building projects declined across the industry.
The yen strengthened for the first time in four days versus the dollar as investors bet losses that brought it to within 0.6 percent of 100 against the U.S. currency were overdone.
French industrial output fell in March as President Francois Hollande struggled to keep Europe’s second-largest economy from falling into recession for the third time in four years.
German factory orders unexpectedly jumped for a second month in March, suggesting Europe’s largest economy is starting to grow again.
Italy’s unemployment rate remained near a 20-year high in March as companies refrained from hiring amid political gridlock and the longest economic recession in two decades.