BRUSSELS/LONDON (Reuters) – The European Central Bank will get ready to make large-scale asset purchases but is still a long way off embarking on such a plan and will first assess whether the inflation outlook has changed, ECB policymakers said.
Faced with inflation rates running far below its target, the ECB last week opened the door to turning on its money-printing presses with so-called “quantitative easing” (QE) to boost the euro zone economy.
BRUSSELS (Reuters) – The European Union said on Thursday it would soon take Russia to the World Trade Organisation to try to push Moscow to lift its ban on pork exports from the bloc, in a row that has been intensified by the crisis in Ukraine.
Brussels says that by blocking all EU pork exporters – notably from Denmark, the Netherlands and Germany – Moscow has reacted disproportionately to an outbreak of African Swine Fever in Lithuania.
BRUGES, Belgium (Reuters) – Chinese President Xi Jinping told Europe on Tuesday that Beijing opposed intervention in other countries’ affairs but he declined to directly criticize Russia for its annexation of Crimea.
Xi also assured European leaders that China was a close ally committed to the continent’s peace and prosperity.
BRUSSELS (Reuters) – At the height of the euro zone crisis, a Chinese official quipped that Europe was being reduced to a “wonderful theme park” for tourists. That view no longer has much currency as Beijing recalibrates links with the world’s biggest trade bloc.
Beijing’s growing realization that China needs strong influence in Europe’s de facto capital, Brussels, has been cemented by President Xi Jinping’s visit to the EU’s institutions this week, the first ever by a Chinese leader.
BRUSSELS (Reuters) – Chinese President Xi Jinping won a promise from the European Union on Monday to consider a multi-billion-dollar free-trade deal with his country, a long-held goal for Beijing which divides Europe.
Xi, the first Chinese leader to visit the EU institutions in Brussels since ties were established in 1975, pressed senior EU officials to consider such a pact, despite European concerns that Chinese state-owned firms flout international trade rules.
BRUSSELS (Reuters) – Euro zone inflation hit its lowest level since November 2009 in March, a shock drop that raises expectations the European Central Bank will take radical action to stop the threat of deflation in currency bloc.
Annual consumer inflation in the 18 countries sharing the euro was 0.5 percent in March, with the pace of price rises cooling from February’s 0.7 percent reading, the EU’s statistics office Eurostat said on Monday.
BRUSSELS, March 30 (Reuters) – Chinese President Xi Jinping
will use two pandas to break the ice and soften European
opposition to a free-trade deal with China during a visit to
Belgium which starts on Sunday.
As the first Chinese leader to visit the European Union’s
headquarters since Brussels established ties with Beijing four
decades ago, Xi will also seek to send a message that China is a
less confrontational partner, ready to resolve trade disputes.