Renewed worries about Europe overshadowed an encouraging U.S.jobs report on Thursday, leaving major stock indexes roughly where they started. Germany’s economy shrank more than expected late last year, and the slowdown in Europe‘s largest economy deepened the region’s ongoing recession. That’s a troubling sign for the U.S., because sales to […]
Tag: Europe
UK prepares new law to break up errant banks
British banks that fail to shield their day-to-day banking from risky investment activities could be broken up, Chancellor George Osborne said on Monday, bowing to political pressure to come down harder on reckless lenders. European countries are retooling their financial systems to prevent a repeat of the 2008 financial crash, […]
Euro zone surveys to offer hope as Japan eases
The prospect of stronger European manufacturing surveys and decisive monetary easing in Japan this week ought to bolster confidence that the global economy can look forward to better days. It is definitely not yet time to break open the champagne. The index derived from polls of purchasing managers across the […]
