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May 29, 2014

Argentina clinches landmark debt repayment deal with Paris Club

PARIS/BUENOS AIRES (Reuters) – Argentina reached an agreement on Thursday with the Paris Club of creditor nations on repaying overdue debts in a landmark deal that helps the country put its record default behind it and should open up much-needed sources of international financing.

The Club said the deal, reached in the early hours of the day in Paris, would allow Argentina to clear around $9.7 billion of arrears over the next five years.

May 23, 2014

Argentine economy faces first slump since end of debt crisis

BUENOS AIRES (Reuters) – After a decade of growth, Argentina faces a sharp decline this year as industrial output falls and one of the world’s highest inflation rates hits consumer spending and new investment.

The economy had grown steadily since recovering from a 2001-2003 debt crisis and it expanded 3 percent last year but it stumbled in the fourth quarter and likely slid into a recession at the start of this year.

Apr 4, 2014

German industry orders rise in February, point to strong first-quarter

BERLIN (Reuters) – Domestic demand drove a stronger-than-expected 0.6 percent rise in German industrial orders in February, Economy Ministry data showed on Friday, marking the fourth consecutive monthly gain and underscoring the pickup in Germany’s mighty industry.

The increase in seasonally-adjusted orders beat the consensus forecast in a Reuters poll of 32 economists for a rise of 0.1 percent. The gain in January orders was revised downwards to 0.1 percent from an originally reported 1.2 percent.

Apr 4, 2014

German industry orders rise in Feb, point to strong Q1

BERLIN, April 4 (Reuters) – Domestic demand drove a
stronger-than-expected 0.6 percent rise in German industrial
orders in February, Economy Ministry data showed on Friday,
marking the fourth consecutive monthly gain and underscoring the
pickup in Germany’s mighty industry.

The increase in seasonally-adjusted orders beat the
consensus forecast in a Reuters poll of 32 economists for a rise
of 0.1 percent. The gain in January orders was revised downwards
to 0.1 percent from an originally reported 1.2 percent.

Apr 3, 2014

Berlin unveils new Ai Weiwei exhibition, but artist can’t attend

BERLIN (Reuters) – Chinese artist Ai Weiwei’s biggest solo show, featuring a reproduction of the white cell where Chinese authorities held him for 81 days, was unveiled on Wednesday in Berlin without Ai in attendance because the government still holds his passport.

“Ai Weiwei – Evidence”, which sprawls across 18 rooms at the Martin-Gropius-Bau museum, is a deeply political exhibition of the artist’s conceptual art. It opens on Thursday, exactly three years after he was arrested and held in detention.

Apr 2, 2014

New Ai Weiwei exhibition unveiled in Berlin but artist can’t attend

BERLIN, April 2 (Reuters) – Chinese artist Ai Weiwei’s
biggest solo show, featuring a reproduction of the white cell
where he was held for 81 days by Chinese authorities, was
unveiled on Wednesday in Berlin without Ai in attendance because
the government still has his passport.

“Ai Weiwei – Evidence”, which sprawls through 18 rooms at
the Martin-Gropius-Bau museum, is a deeply political exhibition
of his conceptual art. It opens on Thursday, exactly three years
after he was arrested and held in detention.

Mar 31, 2014

German retail sales unexpectedly jump, point to strong Q1

BERLIN, March 31 (Reuters) – German retail sales
unexpectedly jumped in February, data showed on Monday, marking
the second consecutive monthly increase and pointing to a strong
rise for the quarter that would boost overall growth in Europe’s
largest economy.

Data from the Federal Statistics Office showed retail sales
rose 1.3 percent in real terms on the month, beating even the
highest forecast in a Reuters poll of economists for a gain of
0.8 percent. The consensus forecast was for a 0.5 percent fall.

Mar 28, 2014

Weak German price data heightens ECB’s deflation dilemma

BERLIN/FRANKFURT, March 28 (Reuters) – A key measure of
German inflation unexpectedly dropped in March, raising pressure
on the European Central Bank to stop any drift toward deflation
in the euro zone.

Germany’s harmonised index of consumer prices (HICP) – a big
component of the inflation measure tracked by the ECB – showed
inflation slowing to 0.9 percent on the year, undershooting the
consensus forecast in a Reuters poll of economists for it to
hold steady at 1.0 percent.

Mar 27, 2014

Pledge to return Nazi-looted art welcomed, but with skepticism

BERLIN (Reuters) – A German recluse’s pledge to give his billion-dollar hoard of Nazi-looted artworks back to their rightful owners was welcomed on Thursday but also met with skepticism about how it would work in practice and whether all of it would actually be returned.

The legal custodian of Cornelius Gurlitt, who inherited the paintings drawings and sculptures from his father, said on Wednesday his client would return all works looted by the Nazis to their owners or owners’ descendants.

Mar 20, 2014

German “wise men” hike growth f’cast, say Ukraine crisis a risk

BERLIN, March 20 (Reuters) – Germany’s “wise men” council of
economic advisers on Thursday hiked their forecast for 2014
growth in Europe’s largest economy to 1.9 percent from a
November estimate of 1.6 percent on the back of a strong start
to the year.

The panel, which advises the government on economic policy,
said the biggest risk to global growth was the conflict in
Ukraine. While Ukraine’s economy was of relatively little
importance, Russia’s was, especially as a key energy exporter.

    • About Sarah

      "Sarah covers economic and political news from Argentina as part of the Reuters Latin America reporting team. The focus this year is on a shift in policy ahead of key elections in late 2015 and signs of a slowdown in an economy marked by one of the world’s highest inflation rates. Sarah moved to Buenos Aires in 2014 from Berlin, where she reported on Europe’s largest economy for five years during the euro zone debt crisis. She joined Reuters as a graduate trainee in the London HQ in 2007 and has also done assignments in Frankfurt and Vienna. ..."
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