Tuesday, September 30, 2014   

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:
China eases home purchase restriction (1 hr 38 mins ago)
Eurozone inflation drops, unemployment steady (1 hr 57 mins ago)
Apple to launch iPhone 6 in China from October 17 (2 hrs 13 mins ago)
German unemployment rate steady in September: official data (09-30 16:44)
Hang Seng plunges ahead of holidays (09-30 16:36)
French public debt over 2.0 trillion euros for first time: data (09-30 14:59)
German retail sales climb in August (09-30 14:25)
China September PMI misses estimate: HSBC (09-30 14:05)
China clears way for Apple iPhone 6 sales: regulator (09-30 13:50)
Hang Seng falls by lunch (09-30 12:27)

More breaking news >>

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