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    European Business & Economy Headlines
    European markets slide on Lehman, Merrill woes (AP)

    A trader signals a thumbs down sign at the Philippine Stocks Exchange at Manila's financial district of Makati, Philippines, Tuesday, Sept. 16, 2008. The 30-company index closed at 2421.72 points down by 114.44 points, or 4.5 percent, following the global downward trend due to the collapse of U.S. Investment Bank Lehman Brothers. (AP Photo/Bullit Marquez)AP - World stock markets swooned again Tuesday as global financial crisis make investors worry that asset prices had yet to hit rock bottom.


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    Tue, 16 Sep 2008 11:04:37 GMT - Yahoo! News: Business - European Economy
    European stocks rise on HBOS takeover, central bank plan (AFP)

    Brokers look at their screens at Frankfurt's stock exchange on September 15. Wall Street and European stocks rallied, despite steep Asian losses, as the world's central banks pumped billions of dollars into money markets in a bid to bolster investor confidence.(DDP/AFP/File/Thomas Lohnes)AFP - European equities edged higher Thursday after British bank Lloyds TSB agreed a takeover deal for rival HBOS, and as investors grappled with a major central bank plan to boost liquidity.


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    Thu, 18 Sep 2008 09:21:29 GMT - Yahoo! News: Business - European Economy
    ECB, Fed, others pump dollars into money markets (AP)

    A trader works in a financial office in Paris, Thursday Sept. 18, 2008. Major European central banks pumped billions more in short-term credit into the financial system again Thursday to shore up confidence in the aftermath of Lehman Brothers Holdings Inc.'s bankruptcy in the United States (AP Photo/Remy de la Mauviniere)AP - The world's major central banks banded together on Thursday to inject as much as $180 billion into money markets in a bid to stave off the growing global financial crisis.


    -- read full article
    Thu, 18 Sep 2008 11:06:07 GMT - Yahoo! News: Business - European Economy
    Euro stocks up, Asia's down as central banks act (AP)

    A sign can be seen on the street outside of the New York Stock Exchange in New York's financial district September 16, 2008. (Lucas Jackson/Reuters)AP - European stocks halted three days of losses in early afternoon trading Thursday, rising slightly after a concerted effort by central banks to pump billions more U.S. dollars into troubled money markets and limit the global financial crisis. Asian markets fell.


    -- read full article
    Thu, 18 Sep 2008 11:32:31 GMT - Yahoo! News: Business - European Economy
    Fed, ECB pump billions into money markets (AP)

    An investor reacts as he monitors the share index at a private stock market gallery in Kuala Lumpur. European stock markets rose, despite plunging equities in Asia, as investors hoped that a central bank plan to boost liquidity by billions of dollars would help to ease the world financial crisis.(AFP/AFP)AP - The world's major central banks banded together on Thursday to inject as much as $180 billion into money markets in a bid to stave off the growing global financial crisis.


    -- read full article
    Thu, 18 Sep 2008 11:58:02 GMT - Yahoo! News: Business - European Economy
    Stocks rally runs out of steam after central bank action (AFP)

    A trader on the floor of the Chicago Mercantile Exchange. A rally on global stock markets fizzled out tamely Thursday as nervous investors took quick profits on gains made after unprecedented joint central bank action to ease the global credit crunch.(AFP/Amanda Rivkin)AFP - A rally on global stock markets fizzled out tamely Thursday as nervous investors took quick profits on gains made after unprecedented joint central bank action to ease the global credit crunch.


    -- read full article
    Thu, 18 Sep 2008 17:38:27 GMT - Yahoo! News: Business - European Economy
    Kremlin to shore up financial markets (AP)

    Russian traders in Moscow. Russia's two leading stock markets have suspended trading as stocks continued to fall sharply amid global market turmoil.(AFP/File/Yuri Kadobnov)AP - The Kremlin is in crisis mode, pledging a $20 billion boost Thursday to shore up Russia's battered markets as it seeks to ward off a financial crash and restore confidence in its fragile banking sector.


    -- read full article
    Thu, 18 Sep 2008 18:52:45 GMT - Yahoo! News: Business - European Economy
    UK regulator bars short-selling on financials (AP)
    AP - Britain's financial regulator said Thursday it was temporarily banning the short-selling of shares in financial companies that are listed on the London Stock Exchange. -- read full article
    Thu, 18 Sep 2008 18:56:59 GMT - Yahoo! News: Business - European Economy
    Volatile stock markets in trouble again after AIG bailout (AFP)

    Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Global stock markets hit fresh trouble Wednesday after the unprecedented US government bailout of giant insurer AIG failed to calm jitters and instead prompted a frenzy for safe haven assets.(AFP/Getty Images/Spencer Platt)AFP - Global stock markets hit fresh trouble Wednesday after the unprecedented US government bailout of giant insurer AIG failed to calm jitters and instead prompted a frenzy for safe haven assets.


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    Wed, 17 Sep 2008 22:50:37 GMT - Yahoo! News: Business - European Economy
    Lehman close to sale of unit left off by Barclays (AP)

    The sign on a branch of Barclays Bank   in London, Wednesday, Sept. 17, 2008. Barclays PLC said Tuesday it had agreed to acquire Lehman's North American investment banking and capital markets businesses for US$250 million, 175 million euro, 140  million pounds,  in cash. The British bank will also purchase Lehman's New York headquarters and its two data centres in New Jersey for US$1.5 billion, 1 billion euro 840 million pounds .(AP Photo/Kirsty Wigglesworth)AP - As Lehman Brothers secured court approval to begin the sale of key North American units to Barclays bank, its negotiators out of court neared a deal to sell parts of the business Barclays had not yet claimed, starting with its prized money management business.


    -- read full article
    Thu, 18 Sep 2008 00:17:20 GMT - Yahoo! News: Business - European Economy
    Poll shows UK opposition with growing support (AP)
    AP - Britain's opposition Conservatives are amassing increasing public support, according to a new poll, as Prime Minister Gordon Brown's ruling Labour Party struggles with a weakening economy and other woes. -- read full article
    Thu, 18 Sep 2008 01:07:22 GMT - Yahoo! News: Business - European Economy
    HBOS shares in distress, FTSE stocks in spin (AFP)

    Shares in the top home-loan lender HBOS swung wildly as it said it might be taken over, spinning London stocks into volatile uncertainty after an overnight rescue for US insurer AIG.(AFP/File/Ed Jones)AFP - Shares in the top home-loan lender HBOS swung wildly on Wednesday amid a report it might be taken over, spinning London stocks into volatile uncertainty after an overnight rescue for US insurer AIG.


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    Wed, 17 Sep 2008 10:49:59 GMT - Yahoo! News: Business - European Economy
    Russia moves to bolster banking sector (AP)
    AP - Russia moved to bolster the country's increasingly stressed banking sector Wednesday, as the global economic turmoil deepened fears that the country could face a crisis similar to the one 10 years ago. -- read full article
    Wed, 17 Sep 2008 12:00:38 GMT - Yahoo! News: Business - European Economy
    European economy faces fallout from global crisis (AFP)

    Stock brokers look at their screens at Frankfurt's stock exchange. The European economy will suffer collateral damage from the crisis roiling the financial sector, although the extent of the fallout remains to be seen, ministers and analysts have warned.(DDP/AFP/Thomas Lohnes)AFP - The European economy will suffer collateral damage from the crisis roiling the financial sector, although the extent of the fallout remains to be seen, ministers and analysts warned on Wednesday.


    -- read full article
    Wed, 17 Sep 2008 12:57:30 GMT - Yahoo! News: Business - European Economy
    London shares close sharply lower (AFP)

    Halifax Bank of Scotland headquarters in Edinburgh. London shares have closed sharply lower, giving up early gains sparked by the overnight rescue of US insurance giant AIG and amid news of takeover talks between Lloyds TSB and struggling mortgage lender HBOS.(AFP/File/Ed Jones)AFP - London shares closed sharply lower on Wednesday, giving up early gains sparked by the overnight rescue of US insurance giant AIG and amid news of takeover talks between Lloyds TSB and struggling mortgage lender HBOS.


    -- read full article
    Wed, 17 Sep 2008 16:36:20 GMT - Yahoo! News: Business - European Economy
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