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Feb 4, 2015

European car sales to grow 2.1 pct in 2015 – carmakers group

BRUSSELS, Feb 4 (Reuters) – European car sales are likely to
rise by 2.1 percent this year, less than half last year’s rate
of growth, the European Automobile Manufacturers Association
(ACEA) said on Wednesday.

Research conducted for ACEA by IHS Automotive envisages new
car registrations increasing most strongly in Italy and Spain,
followed by Germany, Britain and then other southern European
nations, where pent-up demand is greatest.

Feb 3, 2015

ArcelorMittal drops deeper into junk territory with S&P

BRUSSELS, Feb 3 (Reuters) – ArcelorMittal, the
world’s largest steelmaker, dropped deeper into junk territory
on Tuesday after Standard & Poor’s downgraded the company’s debt
due to weaker iron ore prices.

The rating agency said it had lowered its long-term credit
rating on ArcelorMittal to BB from BB+ after revising its
benchmark iron ore price assumptions for 2015 and 2016 to $65
from $85 per tonne, given a well-supplied market.

Feb 1, 2015

Weekahead – Fed’s “solid” growth view faces test as Greek drama unfolds

BRUSSELS (Reuters) – The Federal Reserve’s upgraded view that growth in the world’s biggest economy is “solid”, and so capable of withstanding an interest rate rise this year, will be put to the test by U.S. jobs data this week.

Ructions over Greece’s new anti-austerity government will also continue to grip markets, and could overshadow economic data in the coming days.

Feb 1, 2015

Fed’s ‘solid’ growth view faces test as Greek drama unfolds

BRUSSELS (Reuters) – The Federal Reserve’s upgraded view that growth in the world’s biggest economy is “solid”, and so capable of withstanding an interest rate rise this year, will be put to the test by U.S. jobs data this week.

Ructions over Greece’s new anti-austerity government will also continue to grip markets, and could overshadow economic data in the coming days.

Jan 30, 2015

Euro zone prices fall at record-equalling pace in January

BRUSSELS (Reuters) – Euro zone consumer prices fell at a record-equalling pace in January, more steeply than expected and supporting the backers of the European Central Bank’s money-printing plan to combat sustained deflation. The European statistics office said in a first estimate on Friday that prices in the 19 countries using the single currency in January were 0.6 percent lower than a year earlier, after a 0.2 percent decline in December.

This was a sharper fall than 0.5 percent decline forecast by economists in a Reuters poll.

Jan 26, 2015

EU open to Greek debt extension, not forgiveness

BRUSSELS, Jan 26 (Reuters) – Europe showed a willingness on
Monday to give Athens more time to pay back its debts, but
little sign that it would yield to a new Greek government’s
demands of debt forgiveness.

European Union leaders and policymakers responded to Greek
anti-bailout party Syriza’s election victory on Sunday with
warnings that a debt restructuring for Greece would send the
wrong message to other euro zone members.

Jan 25, 2015

Should the euro zone really fear demon deflation?

BRUSSELS (Reuters) – If the multi-billion dollar consumer electronics industry can function fine with constantly falling prices, why is deflation in the broader economy such a threat?

Falling prices may really be more a symptom of malaise rather than a cause for further grief.

Jan 21, 2015

Brewing goliaths struggle to fit in at craft beer party

NEW YORK/BRUSSELS, Jan 21 (Reuters) – At Top Hops on
Manhattan’s hip Lower East Side, drinkers can choose from 20
beers on tap from Dark Penance to Devil Dancer and over 600 more
in bottles.

The bar is tapping into the surge in demand for craft beers
and finds only the occasional customer opting for Budweiser or
other brands of the two major brewers Anheuser-Busch InBev
and MillerCoors .

Jan 17, 2015

Dozens held across Europe in Islamist suspect sweeps

PARIS/VERVIERS, Belgium (Reuters) – Belgian, French and German police interrogated dozens of Islamist suspects on Friday as much of Europe remained on heightened security alert after last week’s killings in Paris and raids in Belgium in which two gunmen were killed.

In Paris there was a fresh scare when a gunman took several people hostage at a post office in a northwestern suburb. A siege ended when he gave himself up to police. No one was hurt. Authorities said they could not confirm whether the incident was related to terrorism.

Jan 16, 2015

Fifteen detained after Belgian police kill Islamist gunmen

BRUSSELS (Reuters) – Belgian police were questioning 13 suspects on Friday detained during raids against an Islamist group they feared planned to attack police and two other people were held in France, state prosecutors said.

A spokesman told a news conference there was still no apparent link to last week’s Islamist attacks in Paris and the identities of two gunmen killed during one of the raids on Thursday, in the eastern town of Verviers, had yet to be confirmed.

    • 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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