When Europe adopts the Euro 6 standard in 2012, the emissions rules of all the developed markets will at last have converged, giving global manufacturers a return on years of expensive development and ending the need for a multiplicity of engine platforms.
For the second quarter, the company sees devices and services revenue falling to the 6.1 million to 6.6 million Euro range, with operating margin dropping to 6%-9%.
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Non-IFRS profits of 6 Euro cents a share topped the Street at 2 cents.
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This morning the cost for the Italian government of borrowing for 10 years has risen to a new euro high of 6.6%, around 4.8 percentage points above what Germany pays.
Another stake in the protectionist palisade being erected around European steelmaker Arcelor, subject of a 18.6 billion euro hostile take over bid by Indian billionaire Lakshmi Mittal.
It also strengthened against the euro, rising 0.6% to 1.1741 euros.
Given better-than-anticipated progress on strengthening the euro zone's rescue fund and governance, credit would shrink by just 0.6% in 2012 and the euro area could grow this year.
Consumer-price inflation in the euro area fell from 1.6% to 1.1% in January, based on a preliminary estimate.
The French Banking Federation, for example, reckons it could eventually knock more than 6% off the euro zone's GDP.
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They beat Toulon 28-21 in Marseille on Sunday to end a 15-year wait for a Welsh Euro success after trailing 13-6.
Annual inflation in the euro area fell to 1.6% in October from 1.7% a month earlier thanks to lower oil prices.
The trillion euro geared fund now probably has 6.5 bn euros to call on, but has to make payments to existing clients.
Non-eurozone EU member Hungary saw its currency, the forint, fall by 5.6% against the euro, amid growing fears that the country could be facing a Greek-style debt crisis.
Some fear that such a rapid expansion of the monetary base will stoke inflation, which is still above 5% in America and Britain and 3.6% in the euro area.
There were no surprises in the Consumer Price Index data which met expectations at 1.6% for the euro area while the overall unemployment rate for the region remained at 10%.
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While Ireland is the country with the steepest rate of price declines, with inflation at -2.2% year-on-year in June, Finland's rate is at 1.6% and new euro member Malta's at 2.8%.
It has a record of cutting spending and raising taxes if it needs to do so: in 1997, when it was trying to get into the euro, its primary surplus was 6% of GDP.
The euro area will contract by 0.6% in 2013 before growing by 1.1% in 2014.
Spain's IBEX 35 index declined 2.6%, while the euro slumped to its lowest level since June 2010.
And on October 21st, the European Commission cut its growth forecast for the euro zone in 1999 by 0.6%, to 2.6%.
Other EU data released Tuesday did continue to show slight improvement as the Euro Zone PMI rose to 48.6 in January from 47.2 in December.
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In September 1999 the England-Poland Euro 2000 football qualifier attracted 5.6 million people, while 5.4 million saw the blockbuster Independence Day in the same month.
The Euro Stoxx 50 climbed by 2.6% to 2, 704.61.
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As for the task of taking over supervision of all 6, 000 or so euro-zone banks, which it must do by January 2014 at the latest, that is not quite as daunting as it first looks, since most of the legwork will continue to be done by national supervisors.
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The euro and European and U.S. stocks also climbed after his Sept. 6 announcement that the ECB would purchase short-term securities of troubled euro zone governments.
Industrial production in the euro area rose in June by 0.6%, making an increase of 1.4% over the previous 12 months.
An export-led surge in Germany has pushed GDP growth to 3.7%, against only 1.6% in France and a euro-zone average of 1.7% (see article).
Yields rose on peripheral debt with that on the Spanish benchmark rising to a euro area era high while Italian yields breached 6% for the first time since 1997.
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