AP - France will host a European financial summit Saturday in Paris, bringing together leaders of four countries to deal with the international financial crisis.
AP - The European Central Bank left interest rates unchanged Thursday, even as bank President Jean-Claude Trichet warned of slowing growth amid high inflation and the spreading financial crisis. -- read full article
Thu, 02 Oct 2008 17:43:43 GMT - Yahoo! News: Business - European Economy
AP - Growth in the construction of new nuclear plants worldwide is at risk because of the global financial crisis, U.S. Energy Secretary Samuel Bodman said Wednesday, adding that short-term projects like oil drilling are more likely to go ahead. -- read full article
Wed, 01 Oct 2008 20:04:10 GMT - Yahoo! News: Business - European Economy
AP - Conservative Party leader David Cameron pledged Wednesday to prove his ability to revive Britain's faltering economy — but warned he has no miracle cure.
AP - The European Central Bank is expected to hold its benchmark interest rate steady later Thursday as inflation fears outweigh the growing financial crisis.
AFP - Stocks in FTSE 100 were flat in initial trading on Thursday, gaining 0.08 percent to 4,963.47 points, after the US Senate approved a modified rescue plan for the stricken US financial sector.
AFP - European shares steadied at the start of trading on Thursday after the US Senate approved a modified financial rescue package for the stricken US financial sector.
AP - The jobless rate in the 15 nations that share the euro climbed again in August to 7.5 percent as worries over European economic growth deepened, EU statistics agency said Wednesday. -- read full article
Wed, 01 Oct 2008 11:00:21 GMT - Yahoo! News: Business - European Economy
AP - Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky. -- read full article
Wed, 01 Oct 2008 11:04:29 GMT - Yahoo! News: Business - European Economy
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.
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.
Reuters - French Economy Minister Christine Lagarde denied on Wednesday that France was planning a 300 billion euro ($424.4 billion) EU bank rescue package.
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.
