German unemployment hits 24-year low

Last Updated: Tuesday, June 2, 2015, 14:25

German unemployment fell in May to the lowest level in 24 years as the recovery in Europe`s biggest economy continues, data showed on Tuesday.

ECB chief says economic and monetary union delays 'dangerous'

Last Updated: Saturday, May 23, 2015, 23:46

European Central Bank President Mario Draghi called on eurozone members Saturday to summon the political courage and discipline to speed economic and monetary union, warning further "delay could be dangerous."

German economy reaches cruising altitude as business stay high

Last Updated: Friday, May 22, 2015, 18:59

The German economy, Europe's biggest, appears to have reached cruising altitude as business confidence maintained its current high level in May, the Ifo economic institute said Friday.

Tata Steel to write down Rs 6,500 cr in impairment charge

Last Updated: Thursday, May 14, 2015, 22:46

Tata Steel Thursday said it is likely to write down a total of Rs 6,500 crore for the 2014-15 fiscal mainly due to impairment of a unit in the UK, a part of its European operations and a coal project in Mozambique.

German economy grows by 0.3% in Q1: statistics office

Last Updated: Wednesday, May 13, 2015, 12:25

Germany's GDP expanded by 0.3 percent in price.

Weekahead: Euro zone set to report solid growth, for a change

Last Updated: Sunday, May 10, 2015, 14:00

With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor.

EU wakes up to `Brexit` nightmare after British vote

Last Updated: Friday, May 8, 2015, 22:43

Europe confronted on Friday the cold certainty of an unprecedented British referendum on EU membership after David Cameron`s election win, with two years of tough talks ahead to prevent a so-called "Brexit".

Germany eyes modest tax cut next year

Last Updated: Friday, May 8, 2015, 00:04

Germany`s finance minister said Thursday he would cut taxes from next year after experts forecast a nearly 40-billion-euro ($45-billion) tax windfall for Europe`s top economy over the next five years.

German data lead Europe shares higher, dollar steadies

Last Updated: Monday, May 4, 2015, 18:15

The Euro Stoxx index of euro zone shares was up 1 percent, retaking some of the ground lost in a decline last Wednesday, when a rising euro hit export-sensitive German stocks.

Dollar extends gains against euro

Last Updated: Monday, May 4, 2015, 09:31

The euro bought $1.1189 in mid-morning Singapore trade from $1.1200 in New York late Friday. It also fell to 134.34 yen from 134.56 yen.

Dollar soft as hopes for mid-year US rate hike fade

Last Updated: Monday, April 27, 2015, 08:39

In Tokyo the greenback slipped to 118.89 yen, from 118.99 yen in New York and well off the 119.56 yen earlier Friday in Asia.

German business confidence hits 10-month high

Last Updated: Friday, April 24, 2015, 15:19

German business confidence rose to its highest level in 10 months in April, as recovery in Europe`s biggest economy continues apace, but optimism could soon begin to stall, the Ifo economic institute said Friday.