| European Business & Economy Headlines |
| FTSE slides 2.32% shortly after open
(AFP)
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| AFP - London's FTSE 100 index of leading shares tumbled 2.32 percent to 4,707.02 points shortly after the start of trading on Tuesday in the wake of a rout across Asia markets and on Wall Street overnight.
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| Tue, 30 Sep 2008 08:37:39 GMT - Yahoo! News: Business - European Economy |
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| Thomas Cook up on Arcandor relief
(Reuters)
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| Reuters - Shares in Europe's second-biggest travel firm, Thomas Cook, were the biggest FTSE-100 riser on Monday after its 53 percent shareholder Arcandor said it would not need to sell any of its stake in the group.
-- read full article |
| Mon, 29 Sep 2008 10:02:58 GMT - Yahoo! News: Business - European Economy |
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| Fortis reshaped by government bailout
(AP)
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| AP - Fortis NV said Monday it will become a smaller but financially stable bank after three European governments agreed on an 11.2 billion euro ($16.4 billion) bailout package.
-- read full article |
| Mon, 29 Sep 2008 11:30:36 GMT - Yahoo! News: Business - European Economy |
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| European banks bailed out as crisis spreads
(AP)
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| AP - European governments had to step in with a flurry of major bank bailouts from Iceland to Germany as fear and turmoil from the U.S. credit crisis spread through the financial system. -- read full article |
| Mon, 29 Sep 2008 14:14:07 GMT - Yahoo! News: Business - European Economy |
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| FTSE 100 plunges on bank failure
(AFP)
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| AFP - The leading stock exchange nosedived by more than 5 percent on Monday as the nationalisation of Bradford & Bingley rattled investor hopes that the financial crisis can be contained by a massive US bailout plan.
-- read full article |
| Mon, 29 Sep 2008 17:13:49 GMT - Yahoo! News: Business - European Economy |
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| European bank giant Fortis partially nationalized
(AP)
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| AP - Dutch-Belgian bank and insurance giant Fortis NV was given a 11.2 billion euro ($16.4 billion) lifeline to avert insolvency as part of a wider bailout plan agreed to by Belgium, the Netherlands and Luxembourg, officials said Sunday.
-- read full article |
| Sun, 28 Sep 2008 22:53:35 GMT - Yahoo! News: Business - European Economy |
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| Crisis boosts urge to regulate in Europe
(AP)
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| AP - In France, President Nicolas Sarkozy says the death knell has rung for freewheeling, U.S.-style capitalism. German's finance minister calls it downright "dangerous." Even the leader of more Wall Street-friendly Britain says financiers need closer watching, maybe on a global scale.
-- read full article |
| Sat, 27 Sep 2008 11:19:45 GMT - Yahoo! News: Business - European Economy |
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| Report: Minister forecasts cut in German growth
(AP)
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| AP - Germany will probably have to cut significantly its economic growth forecast for 2009 amid fallout from the global financial crisis, the country's economy minister was quoted as saying Saturday. -- read full article |
| Sat, 27 Sep 2008 15:39:31 GMT - Yahoo! News: Business - European Economy |
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| Fortis names new chief executive
(AP)
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| AP - Fortis NV says it has named a member of its managing board as chief executive, giving the troubled bank and insurance company its third CEO in as many months. -- read full article |
| Fri, 26 Sep 2008 18:40:46 GMT - Yahoo! News: Business - European Economy |
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| French leader says markets neared catastrophe
(AP)
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| AP - French President Nicolas Sarkozy said Thursday the world came within "a whisker of catastrophe" during the recent financial crisis and that those responsible for the crisis must be identified and held accountable.
-- read full article |
| Thu, 25 Sep 2008 20:31:02 GMT - Yahoo! News: Business - European Economy |
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| British premier, US president plan economic talks
(AP)
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| AP - British Prime Minister Gordon Brown offered support for U.S. President George W. Bush's economic rescue package Thursday, a day before the two leaders plan to meet in Washington to discuss the global turmoil.
-- read full article |
| Thu, 25 Sep 2008 21:54:01 GMT - Yahoo! News: Business - European Economy |
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