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Aug 3, 2015

Heineken gains from Tiger in Asia, resilient Europe

BRUSSELS, Aug 3 (Reuters) – Heineken NV, the
world’s third-largest brewer, announced better-than-expected
earnings for the first half on Monday, helped by robust growth
of its Tiger brand in Vietnam and rising beer sales in Mexico
and parts of Europe.

The Dutch brewer, whose Heineken lager is Europe’s top
seller, increased profit on a like-for-like basis in all regions
except Africa, but also saw a squeeze on U.S. margins. It said
it expected faster sales growth in the second half of the year
but maintained its full-year forecast for revenue growth, which
will be slower than in 2014.

Jul 31, 2015

Euro zone inflation stable at 0.2 percent, still far off ECB target

BRUSSELS (Reuters) – Euro zone inflation was unchanged in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, leaving the European Central Bank with more work to do to push up prices.

The European Union’s statistics office Eurostat said on Friday that consumer prices in the 19 countries sharing the euro rose by 0.2 percent year-on-year in July, as in June.

Jul 27, 2015

IMF paints dim picture for Europe, suggests more money printing may be needed

BRUSSELS/FRANKFURT, July 27 (Reuters) – The International
Monetary Fund warned on Monday that the euro zone’s prospects
were modest and that more money printing than planned may be
needed.

Contrasting the IMF’s relative gloom, however, German think
tank Ifo reported improving confidence the 19-country bloc’s
largest economy.

Jul 27, 2015

U.S, UK growth in focus as Greece crisis pauses

BRUSSELS (Reuters) – A meeting of the U.S. Federal Reserve and the first estimate of U.S. second-quarter growth are likely to be this week’s economic centerpieces with markets able for the first time in months to look beyond Greece’s debt struggle.

After a series of emergency euro zone meetings, Greece has received a bridge loan of 7.2 billion euros ($7.9 billion) and passed a series of measures designed to persuade international creditors to agree a third bailout of 86 billion euros. Those talks are likely to come to a head in August.

Jul 27, 2015

U.S, UK growth in focus as Greece crisis pauses

BRUSSELS (Reuters) – A meeting of the U.S. Federal Reserve and the first estimate of U.S. second-quarter growth are likely to be this week’s economic centerpieces with markets able for the first time in months to look beyond Greece’s debt struggle.

After a series of emergency euro zone meetings, Greece has received a bridge loan of 7.2 billion euros ($7.9 billion) and passed a series of measures designed to persuade international creditors to agree a third bailout of 86 billion euros. Those talks are likely to come to a head in August.

Jul 24, 2015

What’s in a name? U.S, EU battle over ‘feta’ in trade talks

BRUSSELS (Reuters) – European Union plans to seal the world’s largest free trade deal with the United States are threatened by intractable differences over food names, none more so than the right of cheese makers to use the term “feta”.

Negotiators talk of accelerated progress and hope to thrash out a skeleton agreement on a Transatlantic Trade and Investment Partnership (TTIP) within a year, aiming for a major boost to growth in the advanced Western economies.

Jul 16, 2015

EU opens twin Qualcomm antitrust investigations

BRUSSELS (Reuters) – The European Commission has opened two
investigations into possible abuse of market dominance by
chipmaker Qualcomm Inc, it said on Thursday, the latest
in a string of antitrust and tax inquiries into major U.S.
corporations.

The first investigation will examine whether Qualcomm, the
market leader in chips used for voice and data transmission in
smartphones, tablets and other mobile devices, offered financial
incentives to customers on condition that they bought
exclusively or almost exclusively from Qualcomm.

Jul 11, 2015

Wary euro zone to pass bailout judgment on Greece

BRUSSELS, July 11 (Reuters) – Sceptical European finance
ministers gathered on Saturday to decide whether to negotiate a
third bailout for Greece after Prime Minister Alexis Tsipras won
lawmakers’ backing for painful austerity measures his leftist
party was elected to prevent.

With Athens staring at a bankruptcy that could see it crash
out of the euro zone after financial markets reopen on Monday,
EU officials forecast agreement would be reached by the end of
the weekend to keep Greece afloat, but not before ministers and
government leaders had vented their wrath at Tsipras.

Jun 30, 2015

Euro zone inflation softens in June on energy dip

BRUSSELS (Reuters) – Euro zone inflation softened in June, moving away from the European Central Bank’s target as energy costs weakened and the price rises of food and services eased after a spike in May.

The European Union’s statistics office Eurostat said on Tuesday that consumer prices in the 19 countries sharing the euro rose by 0.2 percent year-on-year in June from a 0.3 percent increase in May.

Jun 29, 2015

EU’s Juncker slams Tsipras government and urges Greeks to vote ‘Yes’

BRUSSELS (Reuters) – The EU’s Jean-Claude Juncker delivered an emotional condemnation of the Greek government on Monday, accusing it of betraying his efforts to broker a loan deal and urging Greek voters to defy their leaders by voting “Yes” in Sunday’s referendum.

Accusing leftist Prime Minister Alexis Tsipras and his ministers of playing “liar’s poker” with the future of Europe, the European Commission president said if Greeks rejected what he called a final, fair offer from creditors to save them from bankruptcy, it would be taken as a signal that they wanted to quit the euro, and the Union.

    • About Phil

      "I am responsible for Reuters news out of Belgium and Luxembourg, which has led to many long nights outside parliament in Brussels awaiting news of fraught coalition talks and state bailouts of Belgian banks. I have previously worked in London, Amsterdam, where my work included consumer electronics group Philips and the Lockerbie trial, and Berlin, where I covered the Hamburg trials of suspected September 11 conspirators."
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