European Economy

There’s no silver bullet in the currency markets

ECB is doubling down on rate hikes just as a recession bites

Every increase in borrowing costs, including Thursday’s half-point move, advances the fight by Frankfurt officials against rampant inflation — but also risks a higher toll on the economy

This Chinese province has more EV chargers than all of the US

With 345,126 public chargers and 19,116 charging stations as of the end of September, Guangdong has the largest EV charging network in China, one that has more than doubled from a year ago

Eco Week | US jobs at cruising speed may keep up pressure on Fed

While the advance in employment would be the smallest since the end of 2020, it would still exceed the average gain of the five years that preceded the pandemic

China primary market trounces the world with record $58 billion boom

China’s IPO market has defied headwinds such as rising interest rates and fears of a US recession, which have brought major equity fundraising elsewhere to a virtual standstill

Respite in US inflation unlikely to derail Fed rate-hike plans

After a sizzling July payrolls report that included a larger-than-forecast pickup in hourly earnings, Federal Reserve policy makers remain tilted toward large interest-rate hikes

Slow pace of vaccinations pushes Europe towards second economic slump

The European economy is likely to contract over the first three months of 2021 and perhaps into the early part of the next quarter, says an Oxford Economics report

Eurozone business activity strong despite Brexit: Survey

Data monitoring company Markit said the eurozone economy maintained its resilience despite Britain's shock vote to leave the EU, with a strong showing from France as well as powerhouse Germany.

S&P 500 eyes record as earnings impress

The S&P 500 is gaining 6 points to 1,698 at the opening bell - further bolstered by the reaction afforded results from Boeing and Ford - a move that leaves Wall Street's premier barometer on course for a record close.

Hail ECB's decision; rates should continue at 0.75%: Expert

"ECB's focus remains on transmission mechanism of monetary policy rather than the absolute level of interest rate," says Marco Valli, chief economist- euro zone, Unicredit while justifying the European Central Bank's decision of not easing any interest rates.

Emerging economies showing signs of recovery: Lloyds TSB

Trevor Williams, chief economist, Lloyds TSB, told CNBC-TV18 that the emerging economies are clearly showing signs of recovery. "The global markets are looking to put in money, but they are bit more selective about where they will put the money", he said.

Hollande warns euro strength threatens Europe's economy

Francois Hollande has issued a clear warning over the current strength of the euro damaging the European economy, calling for international action to stem currency distortions.

Arcelor to shut parts of Liege plant on poor EU demand

World's largest steel maker ArcelorMittal today said it will close a coke plant and six production lines in Liege facility in Belgium as demand weakens further in Europe.

Oil rises above $109 on hopes of US budget solution

Brent oil rose above USD 109 a barrel on Wednesday on expectations that a budget crisis in the United States will be resolved, which would save the world's top oil consumer from slipping into recession.

George Soros warns euro crisis could destroy EU

Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies.

Some pressure may ease if Europe stabilises: JPMorgan Chase

Most equity markets have reacted positively to Friday's EU summit outcome. James Glassman, Senior Economist at JPMorgan Chase Bank feels the solution has been found for the short-term, but the euro zone has a long way to go for the investors to be certain and confident.

Motherson Sumi to deliver 40% ROCE as promised

As Motherson Sumi's biggest customer Maruti is coming out of trouble, Vice Chairman Vivek Chaand Sehgal said that the company will deliver 40% return on capital employed (ROCE) as promised. Morover, he indicated that the car sales in Europe were not impacted by the prevailing uncertainties.