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    European Business & Economy Headlines
    EU: Euro economy shrinks in second quarter (AP)
    AP - The euro-zone economy shrank 0.2 percent in the second quarter, EU statistics showed Thursday, raising recession fears as Germany, France and Italy braked sharply with high fuel and food prices holding back consumer spending. -- read full article
    Thu, 14 Aug 2008 12:50:47 GMT - Yahoo! News: Business - European Economy
    FTSE shares weaken, banks under pressure (AFP)

    People walk past the London Stock Exchange. London shares dipped amid renewed jitters about the health of the world's top banks and slowing economic growth.(AFP/File/Shaun Curry)AFP - London shares dipped on Wednesday, amid renewed jitters about the health of the world's top banks and slowing economic growth.


    -- read full article
    Wed, 13 Aug 2008 11:15:51 GMT - Yahoo! News: Business - European Economy
    Dollar soars higher on euro zone woes (AP)
    AP - The dollar soared Friday in what analysts are calling a game-changing move as concerns about the deteriorating euro zone economy gripped investors and commodities sold off. -- read full article
    Fri, 08 Aug 2008 20:44:56 GMT - Yahoo! News: Business - European Economy
    World - Friday (Investor's Business Daily)
    Investor's Business Daily - The European Union tightened trade sanctions vs. Iran for defying int'l demands to freeze uranium enrichment. France, which holds the rotating EU presidency, said European gov'ts would watch financial groups doing business with Iranian banks and step up checks on ships and planes traveling to Iran. -- read full article
    Fri, 08 Aug 2008 22:47:21 GMT - Yahoo! News: Business - European Economy
    IBD's Top 10 - Friday (Investor's Business Daily)
    Investor's Business Daily - 1 The euro dived 2.96 cents to $1.5016, its biggest 1-day slide in nearly 8 years. The dollar surged to its best in Tokyo in months and its best vs. the pound in over a year. The dollar's comeback took off Thu., when ECB's chief warned euro zone growth will be "particularly weak." The U.S. economy is sluggish, but the rest of the world -- especially Europe -- is slowing as well. -- read full article
    Fri, 08 Aug 2008 22:52:56 GMT - Yahoo! News: Business - European Economy
    London shares slip (AFP)

    Traders outside the London stock exchange. The FTSE 100 index of top companies stood at 5,5470.90 points, a loss of 0.12 percent, weighed down by losses to heavyweight mining shares.(AFP/File/Shaun Curry)AFP - London's FTSE 100 index of top companies stood at 5,5470.90 points, a loss of 0.12 percent, weighed down by losses to heavyweight mining shares.


    -- read full article
    Fri, 08 Aug 2008 13:25:43 GMT - Yahoo! News: Business - European Economy
    Dollar surges vs euro, trades at multi-month highs (Reuters)

    A businessman passes an electronic board displaying the yen's exchange rate against the dollar in Tokyo August 6, 2008. (Yuriko Nakao/Reuters)Reuters - The dollar surged against the euro on Friday and was on track for its biggest one-day gain in about five years as evidence mounted the U.S. economic slowdown is spreading to the euro zone and around the world, damping the prospects of interest rate increases.


    -- read full article
    Fri, 08 Aug 2008 16:25:02 GMT - Yahoo! News: Business - European Economy
    Dollar soars higher on euro zone woes (AP)
    AP - The dollar soared Friday in what analysts are calling a game-changing move as concerns about the deteriorating euro zone economy gripped investors and commodities sold off. -- read full article
    Fri, 08 Aug 2008 16:33:19 GMT - Yahoo! News: Business - European Economy
    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
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