European Union

Crumbling Greek flag with euro

Greece Plunges Back Into Recession

Eurostat released gross domestic product (GDP) figures by country for the first quarter. While the euro area and several countries did well, Greece moved back into a recession, highlighting how ...
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Greece Downgraded by Moody’s

In yet another sign that many experts believe Greece cannot reach an accord with its creditors before if runs out of money, Moody's downgraded its debt from Caa1 to Caa2 ...
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Volkswagen Golf 2015

VW Leads Europe Car Sales, Up 9%

The European Automobile Manufacturers Association (ACEA) reported that new vehicle registrations in the European Union rose 8.6% year-over-year in the first quarter of 2015 and were up 10.6% in the ...
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Athens

Greek Sovereign Debt Downgraded at S&P

Ratings service Standard & Poor’s has downgraded its long-term and short-term sovereign credit ratings on Greece from B-/B to CCC+/C. The ratings have been removed from CreditWatch, but the outlook ...
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Greece Wants 279 Billion Euros From Germany for WWII Reparations

Greece means to pay its debts in any way possible. At least that could be the conclusion of Greeks pushing for €279 billion in reparations from Germany for actions during ...
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Berkshire Hathaway Finds Cheaper Borrowing Costs in Europe

Berkshire Hathaway Inc. (NYSE: BRK-A) has made some interesting news this week. The conglomerate under Warren Buffett has successfully borrowed over $3 billion in new note and bond offerings. What ...
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Boeing 777-9X

WTO to Examine Boeing 777X Subsidies

The World Trade Organization (WTO) agreed on Monday to create a panel to investigate whether the incentives the state of Washington gave to Boeing Co. (NYSE: BA) to build the ...
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Can You Trust the New Higher Growth Forecasts in Europe?

What does a massive round of quantitative easing in Europe, an environment of deflationary pressures and a testing of negative interest rates tell you? It spells an economy in trouble. ...
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Opel Adam

European Car Industry Worries About 2015

After a year of strong recovery of car sales in Europe, executives and the auto manufacturer's association have turned anxious. Is it any wonder? The recovery in some countries in ...
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CHEVY NIVA LADA

GM Continues to Lose Market Share in Europe

The news about auto sales in Europe was good for December, but the General Motors Co. (NYSE: GM) division there continued to lose ground as its attempt at a turnaround ...
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Athens

Bad News and Good News on Greek Exit

The January 25 elections in Greece are raising concerns that if the current leader in the political polls wins the election, the country may threaten to leave the euro monetary ...
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Opel Adam

GM Sales in Europe Continue Free Fall

General Motors Co.'s (NYSE: GM) efforts to turn around its European operations have suffered another blow. As sales of all cars of any brand in Europe moved higher by 1.4% ...
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Italy Downgraded on Deflation, Debt Concerns by S&P

Ratings agency Standard & Poor’s on Friday lowered its real and nominal growth projections for Italian GDP and, as a result, cut the country’s long- and short-term debt ratings in ...
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Shell sign at dusk

J.P. Morgan’s 5 Top International Stock Picks

While the U.S. markets have absolutely been on fire, the terminally slow-growth European bourses have been miserable this year for the most part, lagging domestic markets by 22% in U.S. ...
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Opel Adam

GM Continues to Take a Beating in Europe Car Sales

Car sales in Europe have continued to grow as the European Union slowly emerges from its deep recession. General Motors Co. (NYSE: GM) was the only major car company that ...
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