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Spain exits recession, raising timid hopes for Europe

AP Photo

Spain inched out of its two-year recession with timid growth in the third quarter, the country’s central bank said on Wednesday, fuelling fragile hopes of a broader eurozone recovery.

Posted: October 23rd, 2013 in Latest Business Stories | Read More »

A year after bailout fears, Spain wins back investors

AP FILE PHOTO

Cast as the sick man of the eurozone a year ago, Spain seems at last to be luring back investors despite lingering threats to its recovery.

Posted: September 22nd, 2013 in Latest Business Stories | Read More »

Ireland officially exits recession

AFP FILE PHOTO

Bailed-out eurozone nation Ireland exited recession in the second quarter with economic growth of 0.4 percent, official data showed on Thursday.

Posted: September 19th, 2013 in Latest Business Stories | Read More »

Solid figures from China, Europe shore up markets

Investors chat in front of the stock price monitor at a private securities company in Shanghai, China, Wednesday, Aug. 21, 2013. Asian stock markets were choppy Wednesday as traders waited for hints from the U.S central bank about when it will begin to reduce its massive stimulus effort. AP

Solid economic figures out of China and Europe helped lift the mood in financial markets Thursday in a week when investors have been largely fretting over when the U.S. Federal Reserve will start to reduce its monetary stimulus.

Posted: August 22nd, 2013 in Latest Business Stories | Read More »

Eurozone recession end is cold comfort for Greece

An elderly man carries shopping bags at Athens' central fruit and vegetable market, on Tuesday, Aug. 13, 2013. Greece is beating its budget targets by a wide margin so far this year, a sign the country's painful cost cuts and tax increases, combined with international bailout funds, are paying off. AP

Europe’s recession is over, thanks to second-quarter growth in big countries Germany and France and an improvement in some of the smaller ones that have been hit hard by the financial crisis. But the pain is not over as many still have mountains of public debt to pay off and record unemployment. It’s also uncertain how long a recovery can be sustained.

Posted: August 14th, 2013 in Latest Business Stories | Read More »

Eurozone’s longest-ever recession comes to an end

AP FILE PHOTO

Official figures confirm that the recession in the eurozone came to an end in the second quarter of the year. Eurostat, the European Union’s statistics office, says the 17 European Union countries that use the eurozone saw their collective economic output grow by 0.3 percent in the April to June period from the previous quarter.

Posted: August 14th, 2013 in Latest Business Stories,Photos & Videos | Read More »

French banks turn corner after turbulent year

A French flag flies next to a BNP Parisbassign in Paris. AP

French banks are back in the good graces of investors after turning in surprisingly strong quarterly results that appear to show they have put the worst of the eurozone crisis behind them.

Posted: August 11th, 2013 in Latest Business Stories,Photos & Videos | Read More »

Eurozone jobless down for first time in 2 years

Unemployed Greeks wait in a long line at a state labor office to collect benefit checks, in Athens, in this file photo. Greece and Spain have the highest unemployment rates in the eurozone, with both countries also mired in a youth unemployment crisis, according to figures released by Eurostat, the EU's statistics office, Monday July 1, 2013, which reveals that unemployment across the 17 European Union countries that use the euro hit another all-time high in May 2013. AP

Further evidence emerged Wednesday that the eurozone economy is on the mend after struggling with a recession that’s seen unemployment edge toward the 20 million mark.

Posted: July 31st, 2013 in Latest Business Stories | Read More »

Latvia gets green light to become 18th eurozone member

AP FILE PHOTO

The tiny Baltic state of Latvia received the green light from its European partners Tuesday to become the 18th member of the eurozone from next year.

Posted: July 9th, 2013 in Latest Business Stories,Money | Read More »

Eurozone to shrink 0.6% in 2013, grow 1.1% in 2014—ECB

AP FILE PHOTO

The eurozone economy is projected to shrink by 0.6 percent this year and then grow by 1.1 percent next year, the European Central Bank said on Thursday.

Posted: June 7th, 2013 in Latest Business Stories | Read More »

Eurozone economy shrinks 0.2% in 1st quarter

Police officers build barricades in front of the European Central Bank, ECB, in Frankfurt, central Germany, on May 30, 2013, a day ahead of anti-capitalist protests expected to draw several thousand people. The 17-nation eurozone continued stuck in recession for a sixth consecutive quarter in the first three months of 2013, with the economy shrinking 0.2 percent, official data showed Wednesday, June 5, 2013. AP PHOTO/DPA, BORIS ROESSLER

The 17-nation eurozone continued stuck in recession for a sixth consecutive quarter in the first three months of 2013, with the economy shrinking 0.2 percent, official data showed Wednesday.

Posted: June 6th, 2013 in Latest Business Stories | Read More »

Euro hits four-month low under $1.28 on Cyprus strains

FILE PHOTO

The European single currency fell under $1.28 for the first time since November on Wednesday owing to concerns over fallout from the Cyprus financial bailout.

Posted: March 27th, 2013 in Latest Business Stories | Read More »

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