Britain Euro Zone

Central banks in the United States, euro zone, Britain and Switzerland met on Wednesday and Thursday and all slowed the pace of aggressive rate moves.

European Union leaders are willing to change the bloc's rules for the freedom of movement of workers, opening an opportunity for Britain to avoid a damaging "hard Brexit", former prime minister Tony Blair said today.

Euro zone business activity expanded at its fastest rate this year in June, but Britain's vote to quit the European Union could cause it to slow in coming months.

Most companies based in the euro zone believe a British decision to leave the European Union would hurt the region as it struggles with a sluggish economy and a migration crisis, a survey showed on Wednesday.

The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX index both fell 2 per cent. Germany's DAX declined 1.4 per cent, while Britain's FTSE 100 weakened by 1.6 per cent.

The dramatic move came hours before European Union leaders meet in Brussels for a summit on migration, the long-term future of the euro zone and renegotiating Britain's membership terms, that has been overshadowed by the looming Greek debt crisis.

Asian shares mostly fell after two strong days of gains on Thursday, with investors focusing on meetings of the central banks of Britain and the euro zone for signs of more policy stimulus after the Bank of Japan kept policy on hold.

Activity in the dominant U.S. services sector perked up in the final month of 2012, while hopes grew that Europe may be through the worst of its economic slump, surveys showed on Friday. Britain's vast services sector, however, contracted for the first time in two years, suggesting the broader economy probably shrank as well in the final three mont...

Finance chiefs of the Group of Seven leading industrialised powers will hold emergency talks on the euro zone debt crisis on Tuesday.

Finance chiefs of the Group of Seven will hold emergency talks on the euro zone debt crisis.

Britain is in its second recession since the 2007-2008 crisis, and the prospects for a recovery are cloudy.

The government failure to provide clarity on the definition of software exports is hurting the industry, Infosys co-founder Narayana Murthy has said.

President Barack Obama, wrapping up the G8 summit, welcomed Europe's focus on rekindling growth and warned the crisis in the euro zone was dangerous for the world.

The election comes at a crucial time for the convalescent euro zone, as France, Europe's No. 2 economy, is a vital partner for Berlin in safeguarding the single currency bloc's future.

The British government blamed the euro crisis for a big downgrade of the country's growth projections.

Central banks in the United States, euro zone, Britain and Switzerland met on Wednesday and Thursday and all slowed the pace of aggressive rate moves.

European Union leaders are willing to change the bloc's rules for the freedom of movement of workers, opening an opportunity for Britain to avoid a damaging "hard Brexit", former prime minister Tony Blair said today.

Euro zone business activity expanded at its fastest rate this year in June, but Britain's vote to quit the European Union could cause it to slow in coming months.

Most companies based in the euro zone believe a British decision to leave the European Union would hurt the region as it struggles with a sluggish economy and a migration crisis, a survey showed on Wednesday.

The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX index both fell 2 per cent. Germany's DAX declined 1.4 per cent, while Britain's FTSE 100 weakened by 1.6 per cent.

The dramatic move came hours before European Union leaders meet in Brussels for a summit on migration, the long-term future of the euro zone and renegotiating Britain's membership terms, that has been overshadowed by the looming Greek debt crisis.

Asian shares mostly fell after two strong days of gains on Thursday, with investors focusing on meetings of the central banks of Britain and the euro zone for signs of more policy stimulus after the Bank of Japan kept policy on hold.

Activity in the dominant U.S. services sector perked up in the final month of 2012, while hopes grew that Europe may be through the worst of its economic slump, surveys showed on Friday. Britain's vast services sector, however, contracted for the first time in two years, suggesting the broader economy probably shrank as well in the final three mont...

Finance chiefs of the Group of Seven leading industrialised powers will hold emergency talks on the euro zone debt crisis on Tuesday.

Finance chiefs of the Group of Seven will hold emergency talks on the euro zone debt crisis.

Britain is in its second recession since the 2007-2008 crisis, and the prospects for a recovery are cloudy.

The government failure to provide clarity on the definition of software exports is hurting the industry, Infosys co-founder Narayana Murthy has said.

President Barack Obama, wrapping up the G8 summit, welcomed Europe's focus on rekindling growth and warned the crisis in the euro zone was dangerous for the world.

The election comes at a crucial time for the convalescent euro zone, as France, Europe's No. 2 economy, is a vital partner for Berlin in safeguarding the single currency bloc's future.

The British government blamed the euro crisis for a big downgrade of the country's growth projections.