The Bank of England (BoE) called on lenders on Friday to provide enough credit to companies to see them through the coronavirus crisis as the government closes its emergency lending guarantee schemes.
Eurozone business activity bounced back to growth last month, underpinned by a record expansion in manufacturing, according to a survey on Wednesday that also showed the service industry was coping better than expected with new lockdowns.
News that the eurozone economy grew more than anticipated in the first quarter failed to stir stocks on Tuesday as downbeat Chinese data soured sentiment.
Businesses across the eurozone stumbled into the second quarter as demand remained weak despite more modest price rises, surveys showed on Thursday. Growth stuttered in Germany and forward-looking indicators in its Purchasing Managers’ Index suggest a contraction among manufacturers
Public debt in Greece and Italy, the two most indebted countries in the eurozone, grew last year while the bloc as a whole saw its liabilities decrease, the European Union statistics office said on Tuesday. The widening gaps in Greece and Italy, although expected,
The euro languished near a 22-month low on Thursday, weighed down by ailing growth in Germany and the spectre of political uncertainty in Spain. A surprise drop in German business morale has highlighted the divergence between economic data in the United States and the eurozone.
Eurozone banks expect to ease standards for business loans and consumer credit as competition remains fierce and demand slows in Italy and Spain, a European Central Bank (ECB) survey showed on Tuesday.
French growth held steady in the first three months of the year as household spending recovered after anti-government protests at the end of 2018, official data showed on Tuesday. The eurozone’s second-biggest economy grew 0.3 per cent in the January-March period, the third quarter in a row at that rate,
Several eurozone countries are seeing their borrowing costs hit their lowest levels on record as the European Central Bank (ECB) opens the door to more stimulus in the face of a faltering European industrial sector and fears of a global recession.