German industrial orders, a key measure of demand for German-made goods both at home and abroad, fell sharply in November, weighed down by falling domestic orders, data showed on Thursday.
Industrial orders dropped by 2.4 percent in November compared with the previous month, the economy ministry said in a statement.Full Story
Eurozone consumer prices fell 0.2 percent in December, entering negative territory for the first time since financial crisis in October 2009 and raising fears of deflation, EU data showed Wednesday.
The drop was brought on by plummeting oil prices and will heap pressure on the European Central Bank to take bold action to stimulate price rises in the now 19-nation single currency zone.Full Story
European benchmark Brent oil sank under $50 per barrel on Wednesday for the first time since 2009, hit by OPEC's production stance, oversupply, weak demand and the strong dollar.
In morning London deals, Brent North Sea crude for delivery in February dived to a 5.5-year low at $49.81 a barrel. New York crude had already slumped under $50 on Monday.Full Story
Budget airline Ryanair wants to take on Lufthansa in Germany, its chief executive said in a newspaper interview Wednesday and predicted the German airline would fail in its bid to build a low cost business.
"We currently have market share of around 4.0 percent in Germany. In the next three to four years, we're aiming to increase it to 15-20 percent," Michael O'Leary told the business daily Handelsblatt.Full Story
The euro edged up from a nine-year low against the dollar on Wednesday in Asia, but it remained under pressure owing to fears of a possible Greek exit from the eurozone.
The single currency fell to $1.1839 in early Tokyo trade -- its lowest level since February 2006 -- before recovering to $1.1875. It ended at $1.1892 in New York on Tuesday.Full Story
Oil prices slid Tuesday to the lowest points for more than five and a half years, plagued once again by a global supply glut, demand fears and the soaring dollar.
U.S. benchmark West Texas Intermediate for February tanked to $48.49 a barrel, touching a low last witnessed in late April 2009.Full Story
Stock markets in the energy-rich Gulf states nosedived on Tuesday as oil prices slumped and global markets were dragged down by a gloomy outlook for crude.
U.S. benchmark West Texas Intermediate for February delivery dropped below the $50 a barrel mark for the first time in more than five and a half years while Brent crude was hovering around $52 a barrel.Full Story
French and German borrowing rates reached new all-time lows on Tuesday amid fears over the prospect of Greece leaving the eurozone.
As of 0830 GMT, France's 10-year debt hit 0.772 percent on the secondary market, while the German 10-year Bund fell to 0.484 percent.Full Story
South Korea's Hyundai announced Tuesday it plans to invest 80.7 trillion won ($73 billion) by 2018 in bolstering overseas production and developing next-generation cars.
The auto giant said it would over the next four years invest 49.1 trillion won on expanding corporate infrastructure and an additional 31.6 trillion won on research and development.Full Story
French President Francois Hollande shifted position Monday on implementing a long-sought financial transactions tax in Europe and said the money should go towards projects aimed at mitigating climate change.
In an interview on France Inter radio Hollande said such a tax should be put in place next year in willing European countries on "all financial products at a low rate".Full Story