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Michigan raises FY 2013 revenue estimate by $483 million
ReutersMay 15 (Reuters) - Michigan officials on Wednesday raised their revenue estimate for the current fiscal year by $483 million, citing an improving state economy. General fund revenue for the fiscal year that began Oct. 1 is projected at nearly $9.2...Tags: Petroleum Industry, Standard & Poor's Financial Services LLC, Credit and Debt, Land Price, Moody's Corporation
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Euro zone economy shrinks in Q1, marks longest ever recession
Reuters* Euro zone economy contracts 0.2 percent in first quarter * France, Italy, Spain, Netherlands, Finland all shrink BRUSSELS, May 15 (Reuters) - The euro zone's economy contracted for the sixth straight quarter at the start of this year, data showed on...Tags: Finland, European Central Bank, Foreign Exchange Market, France
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Euro zone economy shrinks in first-quarter, marks longest ever recession
ReutersBRUSSELS (Reuters) - The euro zone's economy contracted for the sixth straight quarter at the start of this year, data showed on Wednesday, marking its longest recession on records dating back to 1995. Falling output across the bloc, from France to...Tags: European Central Bank, France
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Alliance Boots year profit up 6 pct
ReutersLONDON, May 15 (Reuters) - Alliance Boots, owner of Europe's biggest pharmacy chain, posted a 6.1 percent rise in year trading profit and said it was confident about its growth prospects. The firm said on Wednesday it made a trading profit of 1.27...Tags: Earnings Forecasts
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WRAPUP 3-Germany can't stop euro zone from sinking into longest recession
Reuters* Euro zone contracts 0.2 pct in first quarter * Germany returns to anaemic growth; France shrinks * Hope for stabilisation in second half of 2013 By Robin Emmott and Sarah Marsh BRUSSELS/BERLIN, May 15 (Reuters) - Germany's economy crept back into...Tags: Polls, Market and Exchange, Spain, China, Career and Workplace
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Hungary returns to growth but Czech downturn deepens
ReutersPRAGUE (Reuters) - Hungary's economy unexpectedly broke out of recession in the first quarter and Romania expanded faster than forecast, but their regional peer the Czech Republic plunged deeper into its longest downturn in two decades. The European...Tags: Hungary, Market and Exchange, Foreign Exchange Market, Romania, Exports
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Germany can't stop euro zone from sinking into longest recession
ReutersBRUSSELS/BERLIN (Reuters) - Germany's economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter, and France slid into recession. Falling output across the bloc meant...Tags: Spain, Polls, Market and Exchange, China, Career and Workplace
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Divisions hamper Europe's plans to tackle failing banks
ReutersBRUSSELS (Reuters) - The European Central Bank clashed with Germany on Tuesday over how quickly the euro zone should complete a system to deal with failing banks. A separate rift also emerged at a European Union finance ministers meeting over whether...Tags: Market and Exchange, Cypriot Banking Crisis (2013), Angela Merkel, Politics, Foreign Exchange Market
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France passes reform to ease hire-and-fire rules
ReutersPARIS (Reuters) - The French parliament passed a landmark reform of the country's labor code on Tuesday, part of President Francois Hollande's efforts to convince European partners he is determined to revamp the euro zone's second largest economy....Tags: Employment Opportunities, Unions, Career and Workplace, Interior Policy, Pension and Welfare
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German investor morale rise points to timid recovery
ReutersMANNHEIM, Germany (Reuters) - German analyst and investor sentiment edged up in May after dropping sharply in the previous month, suggesting the euro zone's largest economy is overcoming concerns over a flare-up in the bloc's debt crisis and is back on...Tags: Market and Exchange, European Central Bank, Economic Indicator, Money and Monetary Policy, Economy, Business and Finance
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CANADA STOCKS-TSX may open higher on strong euro zone data
ReutersMay 14 (Reuters) - Canada's main stock index looked set to open flat to slightly higher as strong euro zone factory output figures overshadowed weaker-than-expected German ZEW sentiment. TOP STORIES * German analyst and investor sentiment edged up in...Tags: Mexico, Vodafone Group Plc, Apple iPhone, Silver Wheaton Corporation, Sharp Corp
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TREASURIES-Treasuries edge up as investors reconsider Fed tapering
Reuters* Benchmark yield eases back from more than six-week high * German investor morale falls short of expectations * Inflation data expected later in the week By Luciana Lopez NEW YORK, May 14 (Reuters) - Prices for U.S. Treasuries were little changed...Tags: Market and Exchange, Inflation and Deflation, Petroleum Industry, The Wall Street Journal, Economy, Business and Finance
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