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    European Business & Economy Headlines
    European stocks soar in early trade, Paris up four percent (AFP)

    A stock trader observes the developments in the stock market in Frankfurt, March 2008. European and Asian stock markets surged after the US government grabbed control of ailing mortgage giants Fannie Mae and Freddie Mac, easing fears of a world financial crisis(AFP/DDP/File/Thomas Lohnes)AFP - European stock markets surged in early trading on Monday, mirroring sharp gains won across Asia after the US government seized control of ailing mortgage giants Fannie Mae and Freddie Mac.


    -- read full article
    Mon, 08 Sep 2008 08:27:36 GMT - Yahoo! News: Business - European Economy
    On London: Scant comfort to be found in the pound's current decline (FT.com)
    FT.com - Sterling's decline against the dollar showed no signs of slowing this week, but what was more interesting was the reaction of the London market. The FTSE 100 fell 7.1 per cent - its worst weekly performance in percentage terms in more than six years - turning on its head the idea that the UK market performs well during periods of dollar strength. -- read full article
    Fri, 05 Sep 2008 19:50:10 GMT - Yahoo! News: Business - European Economy
    World markets sink after Wall Street plunge (AP)

    Pedestrians are reflected on an electronic stock indicator in Tokyo on Friday, Sept. 5, 2008. The benchmark Nikkei 225 index lost 319.05 to close the morning session at 12,238.61. At one point, the Nikkei index lost 371.19. (AP Photo/Koji Sasahara)AP - World stock markets fell sharply Friday in the wake of a sell-off on Wall Street amid mounting concerns about a slumping U.S. economy and its impact on global growth.


    -- read full article
    Fri, 05 Sep 2008 13:20:13 GMT - Yahoo! News: Business - European Economy
    German industrial production fell in July (AP)
    AP - German industrial production fell 1.8 percent in July compartede with June, with the three main categories of output showing declines, the ministry of the economy said Friday. -- read full article
    Fri, 05 Sep 2008 13:43:48 GMT - Yahoo! News: Business - European Economy
    London shares end week sharply lower (AFP)

    People walk past the London Stock Exchange. The FTSE ended the week sharply lower, with miners suffering the biggest losses amid ongoing concerns over the global economy and disappointing US jobless data.(AFP/File/Shaun Curry)AFP - The FTSE ended the week sharply lower Friday, with miners suffering the biggest losses amid ongoing concerns over the global economy and disappointing US jobless data.


    -- read full article
    Fri, 05 Sep 2008 16:13:13 GMT - Yahoo! News: Business - European Economy
    Euro dives to 2008 low against dollar (AFP)

    A euro coin and one US dollar bill. The euro sank to its lowest level against the dollar this year on Thursday after the European Central Bank cut its eurozone growth forecasts, adding to gloom surrounding the European economy.(AFP/File/Joel Saget)AFP - The euro sank to its lowest level against the dollar this year on Thursday after the European Central Bank cut its eurozone growth forecasts, adding to gloom surrounding the European economy.


    -- read full article
    Thu, 04 Sep 2008 17:34:58 GMT - Yahoo! News: Business - European Economy
    Rate decisions ahead, global stocks stable as dollar slips (Reuters)

    An investor monitors stocks prices in Kuala Lumpur September 4, 2008. (Bazuki Muhammad/Reuters)Reuters - Global equities stabilized on Thursday after hitting a two-year low while the dollar trimmed recent gains ahead of European interest rate decisions and the British pound touched a trade-weighted 12-year low.


    -- read full article
    Thu, 04 Sep 2008 08:16:02 GMT - Yahoo! News: Business - European Economy
    German fertiliser group KS joins blue-chip DAX index (AFP)

    German fertiliser group K+S will join the DAX 30 index of blue-chip stocks, reflecting its growing business as prices for commodities and foods rise globally. Frankfurt stock market operator Deutsche Boerse said late Wednesday that K+S, originally known as Kalie und Salz (Potassium and Salt), will replace the transport and tourism group TUI.(DDP/AFP/File/Martin Oeser)AFP - German fertiliser group K+S will join the DAX 30 index of blue-chip stocks, reflecting its growing business as prices for commodities and foods rise globally.


    -- read full article
    Thu, 04 Sep 2008 07:31:33 GMT - Yahoo! News: Business - European Economy
    Eurozone contracts 0.2% in 2nd quarter: EU (AFP)

    A construction worker on site in Berlin. The economy of the 15 nations sharing the euro contracted in the second quarter for the first time since the bloc was formed in 1999, according to a second official EU estimate.(AFP/DDP/File/Theo Heimann)AFP - The economy of the 15 nations sharing the euro contracted in the second quarter for the first time since the bloc was formed in 1999, according to a second official EU estimate on Wednesday.


    -- read full article
    Wed, 03 Sep 2008 09:16:43 GMT - Yahoo! News: Business - European Economy
    Euro economy contracts in 2Q on falling exports (AP)
    AP - Falling exports and lower household spending caused a 0.2 percent second-quarter decline in the economy of the 15 nations that share the euro currency, European Union statistics showed Wednesday. -- read full article
    Wed, 03 Sep 2008 13:50:22 GMT - Yahoo! News: Business - European Economy
    European gloomy, U.S. vulnerable (Reuters)

    People walk by a shop with discount signs announcing summer sales in Paris, June 25, 2008. (Charles Platiau/Reuters)Reuters - Major economies on both sides of the Atlantic are increasingly vulnerable to each other's weakness, as the euro zone teeters on the brink of recession while the United States is barely muddling through, data showed on Wednesday.


    -- read full article
    Wed, 03 Sep 2008 15:36:30 GMT - Yahoo! News: Business - European Economy
    FTSE closes sharply lower (AFP)

    People walk past the London Stock Exchange. London shares closed sharply lower amid ongoing concerns over the state of the UK economy.(AFP/File/Shaun Curry)AFP - London shares closed sharply lower on Wednesday amid ongoing concerns over the state of the UK economy.


    -- read full article
    Wed, 03 Sep 2008 16:34:08 GMT - Yahoo! News: Business - European Economy
    Saakashvili 'no longer exists' as Georgia's president: Medvedev (AFP)

    Georgian honour guard soldiers hold national flags over coffins of unknown comrades killed during the conflict with Russia on September 2 in Mukhadgverdi, outside Tbilisi.(AFP/Stringer)AFP - Russian President Dmitry Medvedev said Tuesday Moscow no longer considered Mikheil Saakashvili as Georgia's leader, calling him a "political corpse" and accusing his regime of "aggression that ended in many deaths."


    -- read full article
    Tue, 02 Sep 2008 20:55:13 GMT - Yahoo! News: Business - European Economy
    Putin vows 'an answer' to NATO ships near Georgia (AP)

    Georgian honour guard soldiers hold national flags over coffins of unknown comrades killed during the conflict with Russia on September 2 in Mukhadgverdi, outside Tbilisi.(AFP/Stringer)AP - Prime Minister Vladimir Putin said Tuesday that Russia will respond calmly to an increase in NATO ships in the Black Sea in the aftermath of the short war with Georgia, but promised that "there will be an answer."


    -- read full article
    Tue, 02 Sep 2008 19:36:08 GMT - Yahoo! News: Business - European Economy
    Economy - Tuesday (Investor's Business Daily)
    Investor's Business Daily - The Organization for Economic Cooperation and Development raised its forecast for U.S. GDP growth to 1.8% from 1.2% in June, citing tax cuts and strong exports. The Paris-based rich-nation group cut growth views for Japan, the euro zone and Britain. Japan should grow 1.2% and the euro zone 1.3%, both down from prior targets of 1.7%. The U.K. should expand just 1.2% and may be headed for a recession. The OECD said the world's major central banks should keep rates steady, balancing inflation risks with sluggish growth. -- read full article
    Tue, 02 Sep 2008 22:37:12 GMT - Yahoo! News: Business - European Economy
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