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    European Business & Economy Headlines
    EU seeks to rebuild confidence in financial sector (AFP)

    European Commission Chairman Jose Manuel Barroso holds a press conference at EU headquarters in Brussels. The European Commission called on Wednesday for a coordinated EU response to rebuild confidence in the crisis-struck financial sector as it proposed tougher regulations and cross-border oversight.(AFP/Dominique Faget)AFP - The European Commission called on Wednesday for a coordinated EU response to rebuild confidence in the crisis-struck financial sector as it proposed tougher regulations and cross-border oversight.


    -- read full article
    Wed, 01 Oct 2008 16:21:47 GMT - Yahoo! News: Business - European Economy
    London stocks close higher ahead of US Senate vote (AFP)

    A man looks at a computer screen showing the FTSE 100 on September 30. The FTSE 100 has finished more than one percent higher, with shares surging in HBOS and Lloyds TSB, as the US Senate prepared to vote on a revised financial rescue package.(AFP/Shaun Curry)AFP - The FTSE 100 finished more than one percent higher on Wednesday, with shares surging in HBOS and Lloyds TSB, as the US Senate prepared to vote on a revised financial rescue package.


    -- read full article
    Wed, 01 Oct 2008 16:38:11 GMT - Yahoo! News: Business - European Economy
    France's Lagarde denies report of EU bank plan (Reuters)

    France's Economy Minister Christine Lagarde (R) speaks with the media as she leaves the Elysee Palace following the weekly cabinet meeting in Paris October 1, 2008. (Philippe Wojazer/Reuters)Reuters - French Economy Minister Christine Lagarde denied on Wednesday that France was planning a 300 billion euro ($424.4 billion) EU bank rescue package.


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    Wed, 01 Oct 2008 18:18:53 GMT - Yahoo! News: Business - European Economy
    Global stocks volatile on bailout rejection (AP)

    Traders make sure their final trades are processed just after the closing bell on the floor of the New York Stock Exchange, September 30, 2008. (Brendan McDermid/Reuters)AP - Volatile world stock markets showed mixed reactions Tuesday to U.S. lawmakers' rejection of a $700 billion economic rescue plan, with global investors turning from sellers to buyers as the day progressed.


    -- read full article
    Tue, 30 Sep 2008 23:30:35 GMT - Yahoo! News: Business - European Economy
    Wall Street leads recovery from global rout (AFP)

    People mill about Wall Street, many tourists, taking pictures and looking at the iconic New York Stock Exchange building. A powerful Wall Street rally Tuesday helped lift global markets a day after a near-meltdown as investor hopes grew on the prospects for a new US financial rescue package to ease the crisis.(AFP/Getty Images/Spencer Platt)AFP - A powerful Wall Street rally Tuesday helped lift global markets a day after a near-meltdown as investor hopes grew on the prospects for a new US financial rescue package to ease the crisis.


    -- read full article
    Tue, 30 Sep 2008 23:00:46 GMT - Yahoo! News: Business - European Economy
    European stocks climb in early trade (AFP)

    A stock broker at Frankfurt's stock exchange on September 30. European shares rose after gains in Asia and overnight on Wall Street, amid renewed hope that a revised version of a US financial rescue plan would be adopted by Congress.(AFP/DDP/Thomas Lohnes)AFP - European shares rose Wednesday, after gains in Asia and overnight on Wall Street, amid renewed hope that a revised version of a US financial rescue plan would be adopted by Congress.


    -- read full article
    Wed, 01 Oct 2008 08:36:00 GMT - Yahoo! News: Business - European Economy
    Russian exchanges fall (AP)
    AP - Russian stock indexes sank Tuesday despite the federal market regulator ordering a two-hour trading halt in anticipation of massive fallout from the rejection of a bank bailout in the U.S. Congress. -- read full article
    Tue, 30 Sep 2008 11:48:56 GMT - Yahoo! News: Business - European Economy
    FTSE rises 0.22% on bargain hunting (AFP)

    London's FTSE 100 index of leading shares was up 0.22 percent in late morning deals, lifted by bargain hunting in the wake of a rout across Asia markets and on Wall Street overnight.(AFP/File/Shaun Curry)AFP - London's FTSE 100 index of leading shares was up 0.22 percent in late morning deals, lifted by bargain hunting in the wake of a rout across Asia markets and on Wall Street overnight.


    -- read full article
    Tue, 30 Sep 2008 11:47:17 GMT - Yahoo! News: Business - European Economy
    Global stocks volatile after bailout rejection (AP)

    Traders John Porcelli Jr. center, and Peter Edelson, right, work on the floor of the New York Stock Exchange, Tuesday Sept. 30, 2008. Stocks staged a partial rebound early Tuesday after their biggest sell-off in years, though financial markets remained troubled a day after lawmakers rejected a $700 billion rescue plan for the financial sector. (AP Photo/Richard Drew)AP - Stocks were volatile across the world on Tuesday, a day after U.S. lawmakers rejected a $700 billion bank rescue plan.


    -- read full article
    Tue, 30 Sep 2008 15:48:45 GMT - Yahoo! News: Business - European Economy
    FTSE 100 advances (AFP)

    A businessman walks past the London Stock Exchange. Shares in London closed higher, getting a boost from a rebound on Wall Street as investors hoped another vote on the US financial bailout package will see the plan passed.(AFP/File/Shaun Curry)AFP - Shares in London closed higher on Tuesday, getting a boost from a rebound on Wall Street as investors hoped another vote on the US financial bailout package will see the plan passed.


    -- read full article
    Tue, 30 Sep 2008 16:23:02 GMT - Yahoo! News: Business - European Economy
    Vatican No. 2 blasts search for quick profits (AP)
    AP - A top Vatican official said Tuesday that the world's financial crisis is the result of the search for short-term profits as a goal in itself — and an example of what happens when basic rights and the common good are ignored. -- read full article
    Tue, 30 Sep 2008 17:24:51 GMT - Yahoo! News: Business - European Economy
    US, Europe markets higher on hopes US bailout deal will get done (AFP)

    A man speaks on the telephone at Frankfurt's stock exchange. US and European markets were higher Tuesday as investors hoped another vote on the US financial bailout package would see the plan passed and a start made on reining in the global turmoil.(AFP/DDP/Thomas Lohnes)AFP - US and European markets were higher Tuesday as investors hoped another vote on the US financial bailout package would see the plan passed and a start made on reining in the global turmoil.


    -- read full article
    Tue, 30 Sep 2008 17:54:51 GMT - Yahoo! News: Business - European Economy
    Fortis reshaped by government bailout (AP)

    Fortis Bank CEO Filip Dierckx walks behind, from left to right, Dutch Finance Minister Wouter Bos, Belgium's Prime Minister Yves Leterme, and Belgian Finance Minister Didier Reynders at the start of a media conference at the Prime Minister's office in Brussels Sunday Sept. 28, 2008. The Belgian prime minister says the troubled Dutch-Belgian banking and insurance giant Fortis NV will be partially nationalized. Prime Minister Yves Leterme says the deal was reached during talks Sunday between EU and national banking officials and ministers from the Belgian, Dutch and Luxembourg governments. The deal will see the three governments pour euro11.2 billion (US$16.4 billion) into the bank. (AP Photo/Virginia Mayo)AP - Shares in troubled bank Fortis NV plummeted Monday despite a 1.2 billion euro ($16.4 billion) government bailout, amid growing signs European banks have been hit harder by the U.S. financial crisis than they have been willing to admit.


    -- read full article
    Mon, 29 Sep 2008 22:16:40 GMT - Yahoo! News: Business - European Economy
    Paris designers defy economic woes (AP)

    A model wears a creation by British fashion designer John Galliano for Christian Dior fashion house during his spring-summer 2009 ready-to-wear collection presented in Paris, Monday, Sept. 29, 2008. (AP Photo/Christophe Ena)AP - As retail stocks plunged on Monday, Paris designers came up with antidotes to the economic blues plaguing the luxury industry.


    -- read full article
    Tue, 30 Sep 2008 01:40:17 GMT - Yahoo! News: Business - European Economy
    Merkel disappointed at Bavarian losses (AP)
    AP - Chancellor Angela Merkel said Monday that her governing conservatives must focus on the economy and education in the wake of a dramatic loss for her allies in Bavaria that could bode ill for her in national voting next year. -- read full article
    Tue, 30 Sep 2008 03:32:20 GMT - Yahoo! News: Business - European Economy
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