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Germany, September unemployment rate stable at 5%, in line with expectations
The seasonally adjusted unemployment rate in Germany in September stood at 5%, unchanged compared to the figure recorded in August. This was announced by the Federal Office for Labor. In absolute terms, the unemployed fell by 10,000, bringing the total number of...
Euro zone, EU Commission: economic sentiment at 5-year lows
The euro-zone economic sentiment indicator fell in September, below expectations, with trade tensions that depressed confidence in the industry. It reassures the figure of confidence in services, improving, which dispels the concerns of propagation to the largest...
The German institutes cut growth forecast 2019
The most important German economic institutions have cut the growth forecasts of the biggest European economy for this year, two informed sources have told Reuters. The revisions reflect growing fears that a slowdown in the German economy caused primarily by a...
ArcelorMittal to review Canada, Brazil iron assets
ArcelorMittal is evaluating a potential sale of some of its iron ore operations, as the world’s biggest steelmaker seeks to cut debt by divesting non-core businesses, people familiar with the matter said. The company is reviewing its iron ore assets in Canada, Brazil...