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    European Business & Economy Headlines
    Held in Ukraine, migrants cling to EU dream (Reuters)

    Would-be immigrants looks out of windows in a detention camp for illegal migrants near Mukachevo, a small town in western Ukraine, a few dozen miles from the border with Slovakia, Hungary, Poland and Romania in this May 29, 2008 file photo. (Gleb Garanich/Reuters)Reuters - "Who paid money to be a prisoner?" reads the graffiti on the wall of an illegal migrant detention camp in Ukraine where hundreds of Pakistanis, Bangladeshis, Somalians and Vietnamese are being held.


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    Tue, 08 Jul 2008 00:18:01 GMT - Yahoo! News: Business - European Economy
    Paris keeps ECB under pressure pre-eurozone talks (Reuters)
    Reuters - France said on Monday it hoped the latest rise in euro zone interest rates was a one-off, setting the stage for a meeting where European Central Bank chief Jean-Claude Trichet will explain the move in person to the bloc's finance ministers. -- read full article
    Mon, 07 Jul 2008 09:56:15 GMT - Yahoo! News: Business - European Economy
    New Serb government to focus on EU, economy and Kosovo (Reuters)

    Serbia's Prime Minister designate Mirko Cvetkovic addresses parliament before the vote that will confirm him as head of a pro-Western coalition in Belgrade July 7, 2008. (Ivan Milutinovic/Reuters)Reuters - Serbia's new government will focus on quick entry into the European Union, strengthening the country's economy and keeping Kosovo as a part of Serbia, Prime Minister designate Mirko Cvetkovic said on Monday.


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    Mon, 07 Jul 2008 12:11:47 GMT - Yahoo! News: Business - European Economy
    Euro zone rate rise signals ECB serious: policymakers (Reuters)

    A combination of four pictures shows Jean-Claude Trichet, President of the European Central Bank (ECB) reacting to journalist's questions during his monthly news conference at the ECB headquarters in Frankfurt, July 3, 2008. (Kai Pfaffenbach/Reuters)Reuters - The European Central Bank's interest rate rise sends a signal that it is serious about combating inflation, policymakers said as they staged a public relations offensive to justify Thursday's increase.


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    Fri, 04 Jul 2008 09:26:07 GMT - Yahoo! News: Business - European Economy
    Weak dollar is global concern: EU's Barroso (Reuters)

    A student graduating from Harvard's Business School holds a U.S. flag with a dollar bill tied to it during the 357th Commencement Exercises at Harvard University in Cambridge, Massachusetts June 5, 2008. (Brian Snyder/Reuters)Reuters - The dollar's fall is a source of global concern and the European Union wants a better balance between the U.S. unit and other major currencies, European Commission President Jose Manuel Barroso said on Friday.


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    Fri, 04 Jul 2008 11:42:27 GMT - Yahoo! News: Business - European Economy
    EU, Russia optimistic about new energy deal (AP)
    AP - The European Union and Russia said Friday they would discuss all aspects of energy cooperation — including access to energy markets — during negotiations on broader political and economic ties. -- read full article
    Fri, 04 Jul 2008 12:55:54 GMT - Yahoo! News: Business - European Economy
    European shares fall, Asia markets mixed (AP)

    Traders can be seen on the floor of the crude oil futures pit of the New York Mercantile Exchange, June 30, 2008. (Lucas Jackson/Reuters)AP - European markets fell and Asian markets were mixed Friday as investors digested uneven readings on the U.S. economy and oil prices that remained near records. Japan posted its 12th straight day of losses.


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    Fri, 04 Jul 2008 17:29:53 GMT - Yahoo! News: Business - European Economy
    Global stocks rise, euro falls after ECB decision (Reuters)

    Women look at an electronic board showing the stock prices of Japanese companies in Tokyo July 3, 2008. (Kim Kyung-Hoon/Reuters)Reuters - The euro fell and shares and government bonds rallied on Thursday as the European Central Bank poured cold water on speculation of further aggressive interest rate hikes after raising them as expected.


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    Thu, 03 Jul 2008 13:20:56 GMT - Yahoo! News: Business - European Economy
    ECB raises key rate to 4.25 percent (AP)

    Jean-Claude Trichet, President of the European Central Bank ECB reacts during a news conference in Frankfurt, central Germany, Thursday, July 3, 2008. The European Central Bank raised its benchmark interest rate Thursday by a quarter percentage point to 4.25 percent in an effort to rein in escalating inflation in the 15-nation euro zone. (AP Photo/Daniel Roland)AP - Wary of higher energy and commodity prices, the European Central Bank raised its benchmark interest rate Thursday by a quarter percentage point to 4.25 percent, a move it hopes will help curtail rising inflation in the 15 countries that use the euro.


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    Thu, 03 Jul 2008 16:46:18 GMT - Yahoo! News: Business - European Economy
    Shares tumble worldwide on "Super Thursday" (Reuters)

    Pedestrians walk past an electronic board showing Japan's Nikkei and foreign countries' share average in Tokyo July 3, 2008. (Kim Kyung-Hoon/Reuters)Reuters - A global sell-off knocked world shares to a five-month low on Thursday as surging oil fanned concerns about inflation and slowing growth, just hours ahead of an expected euro zone interest rate hike and a key U.S. jobs report.


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    Thu, 03 Jul 2008 08:44:08 GMT - Yahoo! News: Business - European Economy
    British construction activity falls (AP)
    AP - Construction activity in Britain declined in June at the fastest rate in 11 years, a supply institute said Wednesday, and a major home builder said it had been unable to raise more capital — both signs of worsening conditions in the battered housing industry. -- read full article
    Wed, 02 Jul 2008 12:46:53 GMT - Yahoo! News: Business - European Economy
    Banking woes, oil fears hit global markets (Reuters)

    A man looks at an electronic stock index board in Tokyo June 30, 2008. (Kim Kyung-Hoon/Reuters)Reuters - The second half of 2008 got off to a brutal start for equity investors on Tuesday as worries about the banking sector battered European stocks while inflation fears increased with oil over $142 a barrel.


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    Tue, 01 Jul 2008 12:29:23 GMT - Yahoo! News: Business - European Economy
    London shares remain low (AFP)

    Traders outside the London stock exchange. Blue chips remained at lower levels midafternoon, dragged down by the banking sector amid fears of profit warnings, with Wall Street lower on the back of ongoing concerns over rising oil prices.(AFP/File/Shaun Curry)AFP - Blue chips remained at lower levels midafternoon, dragged down by the banking sector amid fears of profit warnings, with Wall Street lower on the back of ongoing concerns over rising oil prices.


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    Tue, 01 Jul 2008 16:30:27 GMT - Yahoo! News: Business - European Economy
    U.S. Slowdown Shows In Drop Of China ETFs (Investor's Business Daily)
    Investor's Business Daily - One of the largest China-focused exchange traded funds is iShares FTSE/Xinhua 25 (NYSEArca:FXI.TO - News). It's down 12.30% over the last month and 22.74% year to date. The ETF has $6.7 billion in assets. -- read full article
    Mon, 30 Jun 2008 22:23:08 GMT - Yahoo! News: Business - European Economy
    Frankfurt stock market index celebrates 20 years in business (AFP)

    A stock trader observes the developments on the stock market at the German Stock Exchange in the central German city of Frankfurt/M in March. Much has changed at the Frankfurt stock exchange in 20 years but as its Dax index celebrates the milestone it remains the barometer for German economic well-being.(DDP/AFP/File/Thomas Lohnes)AFP - Much has changed at the Frankfurt stock exchange in 20 years but as its Dax index celebrates the milestone it remains the barometer for German economic well-being.


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    Tue, 01 Jul 2008 03:20:54 GMT - Yahoo! News: Business - European Economy
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