Wednesday, May 6, 2015   

Eurozone inflation eases
(06-03 17:38)

Inflation in the eurozone sagged to an annual rate of 0.5 percent in May, adding to pressure on the European Central Bank to take action to support growth this week.
The figure released Tuesday from the European Union's statistics agency fell from 0.7 percent in April. Market analysts had expected 0.6 percent.
Inflation has been low for several months, increasing concerns that the 18 countries that use the euro could fall into outright deflation, a downward price spiral that chokes off growth and can be difficult to get out of.
The ECB has said it's not happy with low inflation, which is well below its goal of just under 2 percent. Analysts expect it to cut interest rates and possibly take further measures Thursday to spur credit to businesses. --AP   
Other Business breaking news:
Facebook's Sandberg remembers late husband (13 mins ago)
UK supermarket Sainsbury slumps into annual loss (57 mins ago)
Allianz says 'confident' for 2015 after favorable Q1 (1 hr 27 mins ago)
Strong sales in UK, US lift BMW profits (1 hr 58 mins ago)
Asia shares lose steam as Wall Street sags (05-06 11:52)
US penalizes developer of virtual currency XRP (05-06 11:23)
China services PMI continues to grow in April: HSBC (05-06 11:06)
McDonald’s in EU firing line for tax deals (05-05 20:40)
US trade deficit balloons to new high (05-05 20:38)
Investigation shows Chinese companies keep US regulators and lawsuits at bay (05-05 20:17)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.