Sylvain Broyer News
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The Swiss central bank is counting the cost of its franc policy as President Thomas Jordan’s struggle to keep investors at bay pushes reserves to a record and forces officials to contemplate further measures.
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German exports increased in November as demand from emerging markets helped Europe’s largest economy weather the region’s sovereign debt crisis.
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Ireland’s bid for financial aid yesterday prompted Prime Minister Brian Cowen to call elections after support for his government unraveled.
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Italy’s Senate approved debt- reduction measures in an attempt to shore up investor confidence and pave the way for a new government that may be led by former European Union Competition Commissioner Mario Monti.
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Ireland became the second euro country to seek a rescue as the cost of saving its banks threatened a rerun of the Greek debt crisis that destabilized the currency.
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Inflation in Germany, Europe’s largest economy, accelerated more than initially estimated to the fastest in three years in September, led by energy costs.
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Europe’s manufacturing industries expanded at a faster pace in October than initially estimated as export demand strengthened.
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German business confidence rose more than economists forecast to a two-year high in April as the global economic recovery boosted export demand and warmer weather allowed workers back onto construction sites.
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European consumer confidence unexpectedly improved in August after economic growth accelerated to the fastest pace in four years in the second quarter.
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German factory orders fell in December after jumping five times more than economists expected in the previous month.
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