Euro zone business recovery eases despite price cutting
An expected acceleration in euro zone business activity failed to materialize this month and firms cut prices again to drum up trade, which may further stoke fears of deflation in the currency bloc, surveys showed.
Russia says better positioned than peers to deal with U.S. policy impact
Russia may see a balanced budget this year, which puts the country in a better position than other emerging markets to fend off the impact of the U.S. decision to curb its monetary stimulus, Finance Minister Anton Siluanov said on Friday.
Germany's Schulz details plans for EU Commission presidency bid
European Parliament President Martin Schulz, a leading candidate to become the next president of the European Commission, laid out his campaign proposals on Thursday, saying it was essential to restore citizens' trust in the European Union.
World economic recovery struggling to gain traction
China's vast factory sector contracted again this month and the expected acceleration in euro zone business activity failed to materialize, highlighting the fragile state of a global economy.
ECB's Praet says reforms could see euro zone growth surprise on upside
The European Central Bank has played a key role in stabilizing the euro zone but governments must now keep up economic reforms to allow growth in the bloc to "surprise on the upside", a top ECB policymaker said on Tuesday.
China rejects U.N. criticism in North Korea report, no comment on veto
China rejected what it said was "unreasonable criticism" of Beijing in a new U.N. report on human rights abuses in North Korea, but it would not be drawn on whether it would veto any proceedings in the Security Council to bring Pyongyang to book.
Egypt's energy quagmire could sink Sisi
Egypt's army chief, Field Marshal Abdel Fattah al-Sisi, won vast popularity by crushing the Muslim Brotherhood, but even a man seen by his followers as invincible may be unable to fix the mess in the politically sensitive energy sector.
Troika to return to Greece later this week
A mission of international lenders will return to Greece later this week to review progress made in delivering on the country's reforms that are key for further loans, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Monday.
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