U.S. job growth likely accelerated in February as more services businesses reopened amid falling new COVID19 cases, quickening vaccination rates and additional pandemic relief money from the government, putting the labor market recovery back on firmer footing and on course for further gains in the months ahead. The Labor Departments closely watched employment report on […]

EU competition enforcers on Thursday cleared a 20billioneuro 24 billion French scheme to help virushit companies via quasiequity loans and subordinated debt. The European Commission said the scheme consists of a state guarantee for private investment vehicles, funded by private investors, that will acquire participating loans distributed by commercial banks as well as subordinated bonds, […]

Londons FTSE 100 fell on Thursday, dragged by miners and bank stocks on concerns about rising bond yields and volatility in U.S. markets, while engineering company Meggitt fell after its annual profit halved due to the COVID19 pandemic. The bluechip FTSE 100 index slid 0.5, with mining stocks, including Rio Tinto, Anglo American, and BHP, […]

AMSTERDAM, March 4 Reuters Euro zone bond yields dipped on Thursday after a global bond selloff a day earlier that spooked markets, with focus on a speech from Federal Reserve Chairman Jerome Powell due later in the day. Bets that U.S. stimulus would boost inflation and growth pushed government bonds worldwide to their worst performance […]

French power consumption fell 3.5 last year as the COVID19 pandemic cut demand more than during the 2008 financial crisis, grid operator RTE said on Wednesday. Electricity consumption fell to 460 terawatt hours TWh, the company said. Production fell 7 when including the reduced availability of nuclear power plants, RTE added. Carbon emissions from the […]

The U.S. economy has roared back to life in 2021, with firstquarter growth set to defy even the rosiest expectations as another fresh influx of cash looms. Manufacturing data Monday showed the sector at its highest growth level since August 2018. That report from the Institute for Supply Management in turn helped confirm the notion […]

The Chinese government is set to kick off an annual parliamentary meeting this week for approving national priorities for 2021. The gathering of delegates, known as the Two Sessions, has overseen such changes as President Xi Jinpings abolition of term limits in 2018 and the proposal for a new security law for Hong Kong last […]

  BERLIN Reuters German retail sales tumbled more than expected in January as the COVID19 lockdown and the withdrawal of a temporary cut in sales tax hit consumer spending in Europes largest economy, data showed on Tuesday. The Federal Statistics Office said retail sales fell 4.5 on the month in real terms after an upwardly […]

British house price growth picked up unexpectedly last month, mortgage lender Nationwide said on Tuesday, defying expectations of a slowdown as finance minister Rishi Sunak readies new budget measures to boost the market. House prices rose 6.9 in annual terms in February from 6.4 in January, Nationwide said, above all forecasts in a Reuters poll […]

The European Central Bank has the flexibility to counter any undesired rise in bond yields, the banks vice president told a Portuguese newspaper after several policymakers called on the bank to act. We will have to see whether this increase in nominal yields will have a negative impact on financing conditions, de Guindos told Público […]