Tag Archives: euro

half-a-trillion euros EU ministers trillion euro rescue plan finance recovery open question

EU ministers agree half a trillion euro coronavirus rescue plan

04 April, 2020 10:50 am 10:50 am

BRUSSELS (Reuters) – European Union (EU) finance ministers agreed on Thursday on half-a-trillion euros worth of support for their coronavirus-battered economies but left open the question of how to finance recovery in the bloc headed for a steep recession. The agreement was reached after EU powerhouse Germany, as well as France, put their feet down … Read More

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Leicester’s Vardy not ruling out England return with strikers injured

03 March, 2020 11:43 am 11:43 am

(Reuters) – Leicester City striker Jamie Vardy refused to rule out a return to the England side for Euro 2020 with first-choices Harry Kane and Marcus Rashford nursing injuries, but the 33-year-old said he had not discussed it with national coach Gareth Southgate. Vardy, who retired from England duty following the World Cup in 2018, … Read More

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Kane treble as England demolish Montenegro to book Euro 2020 spot

11 November, 2019 9:52 am 9:52 am

LONDON (Reuters) – Harry Kane scored a first half hat-trick as England booked their place in the finals of Euro 2020 as group winners with a crushing 7-0 victory over Montenegro at Wembley Stadium. England lead Group A on 18 points with one game remaining and can now look forward to next year’s tournament in … Read More

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Asian shares edge up before ECB decision, euro near two-month lows

07 July, 2019 11:02 am 11:02 am

SYDNEY/SHANGHAI (Reuters) – Asian shares rose but struck a more cautious note than a tech-fueled rally on Wall Street, while the euro stayed near two-month lows as soft economic data fueled hopes the European Central Bank could cut rates at its meeting on Thursday. Japan’s Nikkei touched nearly three-month highs before trimming gains to be … Read More

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Asia stocks welcome trade talks, euro on defensive

07 July, 2019 9:32 am 9:32 am

SYDNEY (Reuters) – Asian shares on Wednesday gave a guarded welcome to hints of progress in the Sino-US trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank’s coming policy meeting. Sentiment had been helped by a Bloomberg report that US Trade … Read More

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Deutsche Bank to cut 18,000 jobs in 7.4 billion euro overhaul

07 July, 2019 9:59 pm 9:59 pm

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) plans to cut 18,000 jobs in a sweeping, 7.4 billion euro (£6.63 billion) overhaul designed to turn around Germany’s struggling flagship lender. The plan represents a major retreat from trading by Deutsche Bank, which for years had tried to compete as a major force on Wall Street. The bank … Read More

Euro zone inflation confirmed at six-year high in October

11 November, 2018 6:43 pm 6:43 pm

BRUSSELS (Reuters) – Euro zone inflation rose in October at its fastest pace in nearly six years, driven by energy prices, the European Union statistics agency said on Friday, confirming its earlier estimate. The core inflation measure which excludes energy and food was revised down. Eurostat said that consumer prices in the 19 countries sharing … Read More

Asia shares turn up, euro rebounds as reports temper Italian debt fears

10 October, 2018 8:30 am 8:30 am

SYDNEY (Reuters) – Asian shares reversed early losses while the euro rebounded from six-week lows on reports Italy will cut its budget deficit at a faster pace than expected, raising hopes Rome could stave off a problematic debt blow-out. Italy will reduce its budget deficit to 2 percent of gross domestic product (GDP) by 2020 … Read More

Asia shares, euro under water as Turkish lira sinks

08 August, 2018 8:15 am 8:15 am

SYDNEY (Reuters) – Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the US dollar, Swiss franc and yen. Japan’s Nikkei lost 1.3 percent and MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.1 percent as bourses … Read More

Euro soft as investors bid up safe havens on Turkish crisis

08 August, 2018 8:10 am 8:10 am

TOKYO (Reuters) – The euro was on the defensive on Monday after touching a 13-month low against the dollar as investors bid up safe havens such as the US dollar and the yen on worries about the exposure of European banks to crisis-hit Turkey. After hitting a record low of 7.24 against the dollar early … Read More

Greece gets debt relief from euro zone

06 June, 2018 10:26 am 10:26 am

LUXEMBOURG (Reuters) – Euro zone finance ministers on Friday extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens can stand on its own feet after it exits its bailout in August. Greece has been living primarily on money borrowed from euro … Read More