“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.
Japan, enjoying its car exports for decades, now, is seeking a new path to boost its traditional auto industry through researching and developing green vehicles, or new energy cars, amid fierce competition in the global automobile market.
Ford Motor Co. said Tuesday it is issuing five new safety recalls covering more than 200,000 vehicles in North America due to problems ranging from airbag sensors to fuel leaks and fire risks.
A reading of the index above 50 indicates that the manufacturing economy is generally expanding and a reading below 50 indicates the economy is generally declining g.
The British construction purchasing managers’ index (PMI) dropped to 61.4 in October from 64.2 in September, but still registered 18 months of exceeding the 50-point mark signifying expansion, Markit Economics Limited said Tuesday.