Chinese city shuts factories as environmental law bites
An industrial city in eastern China has closed several factories, including many steel and nickel pig iron producers, in an apparent sign the government is stepping up enforcement of a new environmental law in the face of growing public discontent over pollution.
Greece sends EU reform list, more hurdles before early cash
Greece sent its euro zone partners an augmented list of proposed reforms on Friday but EU officials said several more steps were required before any release of aid funds to a country that Prime Minister Alexis Tsipras says has a noose around its neck.
EU says it's ready for more Russia sanctions if necessary
The European Union is ready to step up sanctions on Russia over the Ukraine conflict, but its priority is to bolster a fragile ceasefire agreed in Minsk, EU foreign policy chief Federica Mogherini said on Friday.
Upbeat ECB ready to start printing money next week
The European Central Bank said it will start printing money to buy bonds next Monday and delivered a robust economic outlook that will make it hard to extend the plan beyond its envisaged Sept. 2016 end-date.
Merkel says euro zone has hands full with existing Greek bailout program
German Chancellor Angela Merkel on Wednesday refused to speculate if Greece could count on a third aid package from its euro zone partners after Athens had completed its existing bailout program.
Grexit risk rising despite cash lifeline
Chances of Greece leaving the euro zone in the next 12 months are the highest since late 2012 even though Athens's financial lifeline has been extended, a survey of investors based mainly in Germany showed on Tuesday.
China parliament to juggle reform drive and slower growth
China's slowing economy will be at the forefront as parliament convenes for its annual meeting this week, with a weekend interest rate cut a reminder of the challenge of balancing painful restructuring with combating the onset of deflation.
China central bank steps up easing tempo as factory activity shrinks
Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest economy.
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