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Tag: euro

VW is counting on plant closures in all scenarios, says employee representative

Business EditorialTeam -
German carmaker Volkswagen (VW) plans to close production plants in Germany in all scenarios it has presented to employee...

The dollar climbed to a three-week high against the euro

Commodities EditorialTeam -
The US dollar climbed to a three-week high against the euro today, supported by upbeat labour market data in...

Eurozone inflation accelerates to 2.6 percent in July

News EditorialTeam -
The rate of inflation in the euro area accelerated to 2.6 percent in July from 2.5 percent in June,...

Japanese yen strengthens significantly, traders speculate on intervention

News EditorialTeam -
The Japanese yen is strengthening strongly today, with traders speculating on intervention by Japanese authorities to support the domestic...

Volvo Cars increases underlying operating profit in the first quarter

Business EditorialTeam -
Swedish passenger car maker Volvo Cars increased its operating profit excluding exceptional items by eight percent year-on-year to SEK...

French casino chain widens loss to €5.7bn last year

Business EditorialTeam -
The French retailer Casino, whose takeover was agreed by a consortium of companies around Czech businessman Daniel Křetínský, deepened...

Sentix: Investor confidence in the eurozone economy rose again in January

News EditorialTeam -
Investor confidence in the euro area economy improved for the third consecutive month in January. It climbed to its...

Euro strengthens after ECB Monetary Committee meeting

Economy EditorialTeam -
The European currency is strengthening today, hitting its highest level in two weeks against the dollar. The euro was...

Investor confidence in the euro area economy unexpectedly improved in August

News EditorialTeam -
Investor confidence in the euro area economy improved unexpectedly in August. It had been declining for three consecutive months....

Eurozone has not yet won the fight against high inflation, Bundesbank chief says

Economy EditorialTeam -
Further interest rate hikes will be necessary to combat high inflation in the eurozone. This was stated by the...

The British pound weakened against the euro and the dollar. Investors don’t trust the economy

Economy EditorialTeam -
The British economy is most likely heading into recession.  This is also why the British pound has fallen significantly against...

The dollar weakened slightly. Against the euro, however, it remains near its strongest levels in 20 years

Economy EditorialTeam -
The US dollar and the single European currency, the euro, have been consistently close to so-called parity. That is, the...

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