Tag: euro
VW is counting on plant closures in all scenarios, says employee...
German carmaker Volkswagen (VW) plans to close production plants in Germany in all scenarios it has presented to employee representatives. VW works council chairwoman...
The dollar climbed to a three-week high against the euro
The US dollar climbed to a three-week high against the euro today, supported by upbeat labour market data in the United States. The single...
Eurozone inflation accelerates to 2.6 percent in July
The rate of inflation in the euro area accelerated to 2.6 percent in July from 2.5 percent in June, the statistics office Eurostat said...
Japanese yen strengthens significantly, traders speculate on intervention
The Japanese yen is strengthening strongly today, with traders speculating on intervention by Japanese authorities to support the domestic currency, according to Reuters. Shortly...
Volvo Cars increases underlying operating profit in the first quarter
Swedish passenger car maker Volvo Cars increased its operating profit excluding exceptional items by eight percent year-on-year to SEK 6.8 billion (almost 600 million...
French casino chain widens loss to €5.7bn last year
The French retailer Casino, whose takeover was agreed by a consortium of companies around Czech businessman Daniel Křetínský, deepened its losses last year. The...
Sentix: Investor confidence in the eurozone economy rose again in January
Investor confidence in the euro area economy improved for the third consecutive month in January. It climbed to its highest level since last May....
Euro strengthens after ECB Monetary Committee meeting
The European currency is strengthening today, hitting its highest level in two weeks against the dollar. The euro was supported by the European Central...
Investor confidence in the euro area economy unexpectedly improved in August
Investor confidence in the euro area economy improved unexpectedly in August. It had been declining for three consecutive months. This is according to a...
Eurozone has not yet won the fight against high inflation, Bundesbank...
Further interest rate hikes will be necessary to combat high inflation in the eurozone. This was stated by the head of the German central...
