european-economies
Top StoriesEuropean Shares Dip in Choppy Trade, Oil Stocks Cap Declines
Top StoriesEurope’s Southern States Call for Common EU Energy Policies
Top StoriesEuro Zone in Trade Deficit for Third Month as Energy Costs Surge
Top StoriesFor Dutch Province, Ukraine War Is a Call to Pump Natural Gas
EU Leaders Agree to Phase Out Russian Fuels, but Hurdles Remain
Date: March 10, 2022
By Kate Abnett and Philip Blenkinsop BRUSSELS (Reuters) – European Union leaders are set to agree on Thursday to cut their reliance on Russian fossil fuels, although are divided over whether to cap gas prices and to sanction oil imports as Moscow wages war in Ukraine. Russia’s invasion prompted Brussels on Tuesday to publish plans...
Analysis-Ukraine Crisis Leaves European Banks’ Renaissance in Tatters
Date: March 9, 2022
By Lawrence White and Iain Withers LONDON (Reuters) – Europe’s struggling banks entered 2022 on a wave of optimism not seen in more than a decade, with interest rates set to rise at last, the COVID-19 pandemic receding, and profits rising. The Ukraine crisis has swiftly knocked that flat. Russia’s invasion has triggered an exodus...
European Gas Prices Touch New Highs as Russia Supply Fears Grow
Date: March 2, 2022
By Susanna Twidale LONDON (Reuters) – European and British gas prices soared on Wednesday, with a benchmark Dutch gas price hitting a record high as countries said EU sanctions against Russia could target gas shipments, while some cargos of Russian liquefied gas changed course. Britain on Monday ordered Russian-associated vessels be blocked from its ports...
European Bank Shares Halt Slide; Russia’s Sberbank Exits Europe
Date: March 2, 2022
By Tom Sims and Carolyn Cohn FRANKFURT/LONDON (Reuters) – European bank shares halted their slide on Wednesday after dropping to their lowest level in nearly 11-months on fallout from the Ukraine crisis, which has forced the European arm of Russia’s Sberbank to close. Russia has shown no intention of stopping its Ukraine attack, which has...
EU Ready to Take Economic Pain of Imposing Sanctions on Russia
Date: February 25, 2022
By Leigh Thomas and Jan Strupczewski PARIS (Reuters) -The European Union is ready to bear the economic pain of imposing sanctions on Russia, which is likely to come mainly from higher energy prices, top EU finance officials said on Friday. EU leaders agreed on Thursday to impose new sanctions on Russia’s financial, energy and transport...
European Stocks Drop as Russia-Ukraine Tensions Escalate
Date: February 17, 2022
By Sruthi Shankar and Shashank Nayar (Reuters) -European shares fell on Thursday as heightened Russia-Ukraine tensions eclipsed a slew of encouraging earnings from companies such as Kering, Reckitt Benckiser and Commerzbank. The pan-European STOXX 600 index fell 0.7% with banking and energy shares leading declines as oil prices dropped and benchmark European bond yields slipped...