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    European Business & Economy Headlines
    European stocks race higher, banks and autos shine (AFP)

    A stock trader observes the developments in the stock market in Frankfurt, March 2008. Europe's main stock markets rallied, led by the banking and auto sectors, after an overnight rally on Wall Street helped by falling oil prices that also lifted Asian share prices.(AFP/DDP/File/Thomas Lohnes)AFP - Europe's main stock markets rallied on Wednesday, led by the banking and auto sectors, after an overnight rally on Wall Street helped by falling oil prices that also lifted Asian share prices.


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    Wed, 23 Jul 2008 10:45:22 GMT - Yahoo! News: Business - European Economy
    EU condemns Bulgaria over corruption, freezes funds (AFP)

    Bulgarian Prime Minister Sergei Stanishev speaks during a press conference in the town of Varna some 500 kms east from the capital Sofia. The European Commission condemned Bulgaria on Wednesday for its failure to tackle corruption and bad management of EU funds and said it has frozen hundreds of millions of euros in aid money.(AFP/BGNES)AFP - The European Commission condemned Bulgaria on Wednesday for its failure to tackle corruption and bad management of EU funds and said it has frozen hundreds of millions of euros in aid money.


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    Wed, 23 Jul 2008 17:10:33 GMT - Yahoo! News: Business - European Economy
    Economy - Tuesday (Investor's Business Daily)
    Investor's Business Daily - In an effort to rescue the Doha round of trade talks, Trade Representative Susan Schwab said the U.S. offered to slice its trade-distorting farm aid by an additional $1.4 bil to $15 bil. The offer is contingent on Brazil, India and other emerging economies cutting tariffs on industrial goods, a key demand of rich nations in the World Trade Organization's seven-year-old talks. Emerging countries want the U.S. cap set near $12 bil. The EU and Japan also offered steep cuts. Rising prices cut U.S. spending on farm subsidies to roughly $7 bil last year, below the $48.2 bil allowed under WTO rules. -- read full article
    Tue, 22 Jul 2008 22:41:03 GMT - Yahoo! News: Business - European Economy
    U.S. offers farm subsidy cut, is asked for more (Reuters)

    World Trade Organization (WTO) Director-General Pascal Lamy (R) sits next to Australia's Ambassador to the WTO Bruce Gosper, as he opens an informal session of the Trade Negotiation Committee at the WTO in Geneva July 21, 2008. REUTERS/Denis BalibouseReuters - The United States offered on Tuesday to cut its ceiling on trade-distorting farm subsidies to $15 billion in a bid to close world trade talks this year, but leading developing countries said it was not enough.


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    Tue, 22 Jul 2008 14:41:08 GMT - Yahoo! News: Business - European Economy
    European markets slump on Vodafone, Ericsson news (AFP)

    A trader speaks over the phone at the Frankfurt Stock Exchange in 2005. European equities were lower with the telecommunications sector under selling pressure after mobile phone giant Vodafone warned over its sales outlook and Ericsson posted slumping profits.(DDP/AFP/File/Martin Oeser)AFP - European equities slid on Tuesday, with the telecommunications sector under selling pressure after mobile phone giant Vodafone warned over its sales outlook and Ericsson posted slumping profits.


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    Tue, 22 Jul 2008 12:11:52 GMT - Yahoo! News: Business - European Economy
    EU bid to steal show at WTO falls flat (AFP)

    Graphic showing percentage growth in world trade by region. A bid by the European Union to kickstart crucial trade talks with a new-sounding offer on agriculture tariffs fell flat on Monday with Brazil denouncing the proposal as AFP - A bid by the European Union to kickstart crucial trade talks with a new-sounding offer on agriculture tariffs fell flat on Monday with Brazil denouncing the proposal as "gimmickry".


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    Mon, 21 Jul 2008 20:15:49 GMT - Yahoo! News: Business - European Economy
    Trade powers struggle to save WTO round (Reuters)

    World Trade Organisation (WTO) director general Pascal Lamy opens the session at the trade organisation headquarters in Geneva. The United States and European Union took aim at emerging economies at crucial WTO trade talks, warning them to open up their markets if the seven-year Doha Round is to succeed.(AFP/Fabrice Coffrini)Reuters - The United States, the European Union and emerging economic heavyweights will try again on Tuesday to line up the long-elusive trade-offs needed to save a deal to dismantle export barriers around the world.


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    Mon, 21 Jul 2008 23:24:38 GMT - Yahoo! News: Business - European Economy
    London shares close higher (AFP)

    An installation at the London stock exchange. Leading shares closed higher for the third successive day, with Bank of America's results helping Wall Street remain in positive territory, as well as boosting the UK banking sector.(AFP/File/Ben Stansall)AFP - Leading shares closed higher for the third successive day Monday, with Bank of America's results helping Wall Street remain in positive territory, as well as boosting the UK banking sector.


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    Mon, 21 Jul 2008 16:17:39 GMT - Yahoo! News: Business - European Economy
    European markets dip as HBOS rights issue disappoints (AFP)

    A stock trader observes the developments in the stock market in Frankfurt, March 2008. Europe's main stock markets fell when the financial services sector was dampened by news of a disappointing rights issue from British home loan provider HBOS.(AFP/DDP/File/Thomas Lohnes)AFP - Europe's main stock markets fell on Monday when the financial services sector was dampened by news of a disappointing rights issue from British home loan provider HBOS, dealers said.


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    Mon, 21 Jul 2008 10:50:45 GMT - Yahoo! News: Business - European Economy
    EU, US pressure emerging economies at WTO talks (AFP)

    World Trade Organisation (WTO) director general Pascal Lamy opens the session at the trade organisation headquarters in Geneva. The United States and European Union took aim at emerging economies at crucial WTO trade talks, warning them to open up their markets if the seven-year Doha Round is to succeed.(AFP/Fabrice Coffrini)AFP - The United States and European Union took aim at emerging economies at crucial WTO trade talks on Monday, warning them to open up their markets if the seven-year Doha Round is to succeed.


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    Mon, 21 Jul 2008 12:04:59 GMT - Yahoo! News: Business - European Economy
    EU wants co-operation with SEC on rating agencies: report (Reuters)
    Reuters - The European Commission wants to cooperate closely with the U.S. Securities and Exchange Commission (SEC) on the planned regulation of credit rating agencies, the German financial weekly Euro am Sonntag reported. -- read full article
    Sat, 19 Jul 2008 10:00:15 GMT - Yahoo! News: Business - European Economy
    Teva to buy Barr Pharma for more than $7 billion (AP)

    The Barr Pharmaceuticals office in Pomona, New York. Israel's Teva Pharmaceutical Industries Ltd, the world's largest generic drug company, is buying US rival Barr Pharmaceuticals in a 7.46 billion dollar deal.(AFP/File/Don Emmert)AP - Teva Pharmaceutical said Friday it will buy rival generic drugmaker Barr Pharmaceuticals for nearly $7.5 billion in a move that will boost Teva's dominance as the world's biggest generic drugmaker.


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    Fri, 18 Jul 2008 20:06:13 GMT - Yahoo! News: Business - European Economy
    London shares close at day's high (AFP)

    An installation at the London stock exchange. Leading shares closed at a day's high Friday as Wall Street recovered from lows and banks rebounded following an upbeat quarterly report from Citigroup which helped to offset losses in the mining sector.(AFP/File/Ben Stansall)AFP - Leading shares closed at a day's high Friday as Wall Street recovered from lows and banks rebounded following an upbeat quarterly report from Citigroup which helped to offset losses in the mining sector.


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    Fri, 18 Jul 2008 16:15:51 GMT - Yahoo! News: Business - European Economy
    Teva to buy Barr Pharma for more than $7 billion (AP)
    AP - Teva Pharmaceutical said Friday it will buy rival generic drug company Barr Pharmaceuticals for more than $7 billion in a move that will boost Teva's dominance as the world's biggest generic drugmaker. -- read full article
    Fri, 18 Jul 2008 15:23:16 GMT - Yahoo! News: Business - European Economy
    Manpower second-quarter net falls; Europe outlook weak (Reuters)
    Reuters - Employment services company Manpower Inc said on Friday that business was slowing in large Western European markets, including France, its biggest operation, sending its shares down 11 percent. -- read full article
    Fri, 18 Jul 2008 14:19:18 GMT - Yahoo! News: Business - European Economy
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