“Ministers broadly conquered with the Commission’s assessment. Economic recovery in the eurozone has lost the momentum after a relatively good start with positive growth in the first quarter,” Dijsselbloem told a press briefing after the Eurogroup finance ministers meeting.
The Eurogroup finance ministers here on Thursday discussed the follow-up to Greece’s economic adjustment program, and supported granting Greece a precautionary credit line.
World food prices dropped for the seventh consecutive month in October, their longest decline in nearly two decades, though the latest dip was small and UN Food and Agriculture Organization officials said prices were stabilizing.
The International Trade Commission (ITC) of the United States on Thursday said in a final ruling that an American industry is materially injured by reason of imports of non-oriented electrical steel (NOES), a cold-rolled and flat-rolled alloy steel product, paving the way for the U.S. government to levy punitive duties on the products.
The sharp decline in global oil prices is “a little bit too much,” although the fundamentals of the market remain solid, OPEC Secretary-General Abdalla El-Badri said Thursday.
U.S. stocks rose Thursday, with the Dow Jones Industrial Average and the S&P 500 closing at record highs for a second day, as investors embraced upbeat data from the country and dovish comments from European Central Bank President Mario Draghi.
Governor of the Bank of Japan (BOJ) Haruhiko Kuroda said here Wednesday that the central bank will take every possible measure to achieve its 2 percent inflation goal, saying Friday’s surprising additional monetary easing was a move to reach the purpose.
Nissan Motor Co. announced Tuesday a 24.9 percent year-on-year rise in its group net profit for the fiscal first half and a 16 percent rise in its net profit in the July to September period, citing robust sales in the United States of its crossover SUV models compensating for lackluster sales here.
U.S. stocks largely went down on Tuesday as U.S. oil prices continued to slide, touching a three- year low.
Rolls-Royce Holdings plc, a Britain-based engineering group, Tuesday announced that it is planning to eliminate 2,600 jobs over the next 18 months.