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Germany has duty to boost domestic demand, says Merkel
ReutersBERLIN (Reuters) - Chancellor Angela Merkel vowed on Tuesday to pursue her two-pronged approach of budget consolidation and strengthening domestic demand if she is re-elected in September, adding that Germany had a duty to support the euro zone economy....Tags: Politics, Elections, France, Arts and Culture, Culture
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India's stubborn retail inflation may spoil rate cut hopes
ReutersNEW DELHI (Reuters) - India's consumer inflation likely eased for the third straight month in May but remained high enough to be a headache for the central bank, which is under pressure to cut rates again next week after headline wholesale inflation...Tags: Politics, Elections, Inflation and Deflation, Money and Monetary Policy, Food Industry
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ANALYSIS-Euro bailout Troika nears end of road with patchy record
Reuters* IMF says euro zone blocked early Greek debt restructuring * Euro zone says IMF did not urge such a policy at the time * IMF, ECB stakeholders fret about damaged reputation in Troika By Paul Taylor PARIS, June 10 (Reuters) - If the Troika that...Tags: Politics, Bonds, Republic of Ireland, Financial Markets, Debt Market
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ECB will not buy bonds to save profligate states: Draghi
ReutersFRANKFURT (Reuters) - European Central Bank President Mario Draghi said on Monday the organization would not use its yet-to-be-activated bond-buying program to save profligate countries from insolvency, but only to preserve the euro. The central bank's...Tags: Mario Draghi, Economy, Business and Finance, Finance, Central Bank, Germany
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Greek budget targets on track, recession pushes down prices
ReutersATHENS (Reuters) - Greece reported its budget deficit was on track to meet targets set by foreign lenders, whose inspectors arrived in Athens on Monday to measure progress under the country's bailout program. Athens more than halved its central...Tags: Budgets and Budgeting, European Union, Petroleum Industry, Finance, Economy, Business and Finance
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Dollar rebounds as U.S. jobs data shows economic resilience
ReutersNEW YORK (Reuters) - The dollar on Friday recouped sharp losses posted the previous session after a government report showed reasonably healthy U.S. job creation in May, renewing expectations the Federal Reserve might scale back its massive asset...Tags: Nikkei, Automatic Data Processing, Inc., Bangkok (Thailand), United Nations, Weather Reports
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World Bank says poor nations to boost spending on nutrition
ReutersWASHINGTON, June 6 (Reuters) - The world's poorest nations are set to nearly triple spending on nutrition programs for mothers and children over the next two years to help cope with volatile food prices, the World Bank said on Thursday. The Washington-...Tags: Demographics, Politics, International Development Association, Economy, Business and Finance, United Nations
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Bundesbank puts dampener on German trade optimism
Reuters* German exports up 1.9 pct, imports up 2.3 pct * Bundesbank cuts 2013 economic growth forecast to 0.3 pct * Data points to some trade rebalancing in euro zone By Michelle Martin and Sakari Suoninen BERLIN/FRANKFURT, June 7 (Reuters) - German trade...Tags: Economy, Business and Finance, International Monetary Fund, Germany, Continental AG, Foreign Exchange Market
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Nowotny says ECB might not employ more unconventional tools
ReutersVIENNA (Reuters) - The European Central Bank may not need to use unconventional policy options to stimulate the euro zone's economy, Governing Council member Ewald Nowotny said on Friday, adding that he sees neither inflation nor deflation risks. ECB...Tags: Mario Draghi, Economy, Business and Finance, European Central Bank, Money and Monetary Policy
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WRAPUP 2-Mexico central bank seen downplaying rate cut chance
Reuters* Interest rate decision due 0900 local (10 a.m. EDT/1400 GMT * Benchmark interest rates seen on hold at 4.0 percent * Annual inflation cools slightly in May to 4.63 percent By Michael O'Boyle MEXICO CITY, June 7 (Reuters) - Mexico's central bank is...Tags: Polls, Mexico, Inflation and Deflation, Money and Monetary Policy, Marketing
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German demand offers trade relief to southern Europe
Reuters* German imports from other euro zone countries climb * Trade deficits narrowing in southern Europe * Euro zone still dogged by economic imbalances By Leigh Thomas PARIS, June 7 (Reuters) - Surging German imports from the rest of the euro zone are...Tags: Politics, Weather, France, Imports, Public Finance
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