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    European Business & Economy Headlines
    ECB holds rates, says growth risks starting to grip (Reuters)

    Jean-Claude Trichet, President of the European Central Bank (ECB) addresses the media during his monthly news conference at the ECB headquarters in Frankfurt, August 7, 2008. (Alex Grimm/Reuters)Reuters - The European Central Bank left interest rates unchanged on Thursday and insisted inflation was still its key fear even though risks to growth were taking hold, prompting markets to scrap bets on rates rising again this year.


    -- read full article
    Thu, 07 Aug 2008 15:51:51 GMT - Yahoo! News: Business - European Economy
    The Euro Zone Is Headed for a Bumpy Ride (BusinessWeek Online)
    BusinessWeek Online - For most of August, business across Europe grinds to a halt as Germans, Italians, and the rest of the Continent head off for month-long vacations. This year, Europe's sun-seekers may want to savor their time away from the office a little more than usual. That's because bad economic news awaits their return to work as the euro zone -- the 15-country bloc that uses the euro as its currency -- moves headlong toward recession. -- read full article
    Thu, 07 Aug 2008 12:08:42 GMT - Yahoo! News: Business - European Economy
    European stocks dip amid earnings flood (AFP)

    A trader shows the GCDS index curve at a bank in Paris, January 2008. Europe's main stock markets slipped into the red as investors tracked a flurry of company earnings reports, and set aside overnight gains on Wall Street(AFP/File/Jean Ayissi)AFP - Europe's main stock markets slipped into the red on Thursday as investors tracked a flurry of company earnings reports, and set aside overnight gains on Wall Street, dealers said.


    -- read full article
    Thu, 31 Jul 2008 10:43:47 GMT - Yahoo! News: Business - European Economy
    EU proposes measures to tighten control of ratings agencies (AFP)

    EU Internal Markets Commissioner Charlie McCreevy holds a press conference in February 2008. The European Commission proposed new measures Thursday for supervising credit rating agencies, which have been blamed for contributing to world financial turmoil.(AFP/File)AFP - The European Commission proposed new measures Thursday for supervising credit rating agencies, which have been blamed for contributing to world financial turmoil.


    -- read full article
    Thu, 31 Jul 2008 18:30:40 GMT - Yahoo! News: Business - European Economy
    European stocks extend gains (AFP)

    A trader watches the French CAC market curve in Paris. Europe's main stock markets rose strongly as oil prices cooled further and after an overnight bounce on Wall Street which helped to lift Asian equity prices(AFP/File/Jean Ayissi)AFP - Europe's main stock markets rose strongly on Wednesday as oil prices cooled further and after an overnight bounce on Wall Street which helped to lift Asian equity prices, traders said.


    -- read full article
    Wed, 30 Jul 2008 11:09:46 GMT - Yahoo! News: Business - European Economy
    London shares close higher (AFP)

    Blue chips closed higher as Wall Street remained firmer, with Rexam, Admiral and Aviva all continuing to gain after positive earnings news.(AFP/File/Ben Stansall)AFP - Blue chips closed higher as Wall Street remained firmer, with Rexam, Admiral and Aviva all continuing to gain after positive earnings news.


    -- read full article
    Wed, 30 Jul 2008 16:36:17 GMT - Yahoo! News: Business - European Economy
    Pound weak against the dollar (AFP)

    A pile of pound coins. The pound briefly rebounded following the weak euro zone survey, before coming back under pressure on concerns about the outlook for the economy.(AFP/File/Shaun Curry)AFP - The pound briefly rebounded following the weak euro zone survey, before coming back under pressure on concerns about the outlook for the economy.


    -- read full article
    Wed, 30 Jul 2008 15:58:50 GMT - Yahoo! News: Business - European Economy
    Wall Street rises on oil slide and financials (Reuters)

    Morning sunlight shines on the front of the New York Stock Exchange July 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rebounded on Tuesday, rising more than 2 percent on another sharp slide in oil prices and after Merrill Lynch's latest write-down and share sale hinted at a possible turning point in the credit crisis.


    -- read full article
    Tue, 29 Jul 2008 20:35:18 GMT - Yahoo! News: Business - European Economy
    European stocks fall as banks slide (AFP)

    A trader standing in front of an index board at the stock exchange in Frankfurt in March 2008. Europe's main stock markets fell, hit by losses to banking shares after overnight declines on Wall Street.(AFP/DDP/File/Martin Oeser)AFP - Europe's main stock markets fell on Tuesday, hit by losses to banking shares after overnight declines on Wall Street.


    -- read full article
    Tue, 29 Jul 2008 11:05:38 GMT - Yahoo! News: Business - European Economy
    London shares close higher (AFP)

    Blue chips closed firmer amid gains on Wall Street as the price of crude fell, and as UK banks clawed back some of their earlier losses.(AFP/File/Shaun Curry)AFP - Blue chips closed firmer on Tuesday, amid gains on Wall Street as the price of crude fell, and as UK banks clawed back some of their earlier losses.


    -- read full article
    Tue, 29 Jul 2008 16:32:44 GMT - Yahoo! News: Business - European Economy
    Wall St gains on lower oil, higher confidence (Reuters)

    Morning sunlight shines on the front of the New York Stock Exchange July 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose more than 1 percent on Tuesday as a drop of over $3 in the price of oil and data showing a rise in consumer confidence reduced worry about inflation and consumer spending.


    -- read full article
    Tue, 29 Jul 2008 16:33:19 GMT - Yahoo! News: Business - European Economy
    Rising inflation hits German confidence (AP)
    AP - Consumer confidence in Europe's biggest economy slid for a third straight month, falling to a more than 5-year low as higher energy prices, growing fears of a recession and concern about the global economy bothered German shoppers. -- read full article
    Mon, 28 Jul 2008 12:08:42 GMT - Yahoo! News: Business - European Economy
    British economy closer to recession after weak growth data (AFP)

    A construction crane in central London. Britain's economy has come closer to a recession after official data showed it had slowed further during the second quarter as the construction and manufacturing industries weakened.(AFP/File/Carl de Souza)AFP - Britain's economy came closer to a recession on Friday after official data showed it had slowed further during the second quarter as the construction and manufacturing industries weakened.


    -- read full article
    Fri, 25 Jul 2008 09:32:54 GMT - Yahoo! News: Business - European Economy
    British economy slows further in second quarter (AFP)

    A construction crane in central London. Britain's economy grew 0.2 percent in the second quarter compared with the first three months of 2008 -- the slowest pace for more than three years, official figures have shown.(AFP/File/Carl de Souza)AFP - Britain's economy grew 0.2 percent in the second quarter compared with the first three months of 2008 -- the slowest pace for more than three years, official data showed on Friday.


    -- read full article
    Fri, 25 Jul 2008 08:44:33 GMT - Yahoo! News: Business - European Economy
    European stocks return to slippery slope (AFP)

    A motorist holds a fuel pump at a service station in the eastern German city of Dresden, June 2008. A brief surge for Europe's main stock markets has come to a halt, with share prices falling again as heavyweight energy stocks tumbled in London amid cooler oil prices.(AFP/DDP/File/Norbert Millauer)AFP - A brief surge for Europe's main stock markets came to a halt on Thursday, with share prices falling again as heavyweight energy stocks tumbled in London amid cooler oil prices.


    -- read full article
    Thu, 24 Jul 2008 11:01:18 GMT - Yahoo! News: Business - European Economy
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