| European Business & Economy Headlines |
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| Iceland's banks falter
(AP)
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| AP - Iceland's banks face a battle for survival Tuesday after government introduced emergency legislation to give itself sweeping new powers over its collapsing financial sector. -- read full article |
| Tue, 07 Oct 2008 04:53:55 GMT - Yahoo! News: Business - European Economy |
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| London shares gain 1.50% at open
(AFP)
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| AFP - London's FTSE 100 index of top shares rose 1.50 percent at the start of trading on Tuesday, one day after plunging 7.86 percent on growing fears about the global financial crisis.
-- read full article |
| Tue, 07 Oct 2008 07:23:07 GMT - Yahoo! News: Business - European Economy |
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| Ailing world markets fight back
(AFP)
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| AFP - Battered world markets shook off some of their recent gloom Tuesday as European stocks rallied and Asian bourses pulled back from the brink on hopes of cuts to global interest rates.
-- read full article |
| Tue, 07 Oct 2008 07:48:08 GMT - Yahoo! News: Business - European Economy |
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| BNP Paribas to take majority stake in Fortis
(AP)
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| AP - Officials of troubled Belgian bank Fortis NV acknowledged Monday they had no choice but to seek a buyout by another bank because of the increasing problems the company suffered due to the global financial credit crisis. -- read full article |
| Mon, 06 Oct 2008 11:54:32 GMT - Yahoo! News: Business - European Economy |
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| London stocks hit four-year low
(AFP)
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| AFP - The London stock market nosedived 7.85 percent on Monday, hitting a four-year trough on investor concerns about the spreading global financial crisis, dealers said.
-- read full article |
| Mon, 06 Oct 2008 16:36:37 GMT - Yahoo! News: Business - European Economy |
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| U.S. calls for unity as crisis wrecks markets
(Reuters)
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| Reuters - Governments and central banks around the world grasped at measures to contain the fast-spreading financial crisis on Monday but global stocks still plummeted as investors bet a recession was inevitable.
-- read full article |
| Mon, 06 Oct 2008 18:57:27 GMT - Yahoo! News: Business - European Economy |
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| Europe governments go their own way on crisis
(AP)
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| AP - Individual European governments issued a cascade of deposit guarantees to shore up their banks but fell short of any coordinated action Monday to deal with the crisis sweeping financial markets, even as stock markets crashed and the euro sank to its lowest level for over a year. -- read full article |
| Mon, 06 Oct 2008 18:38:35 GMT - Yahoo! News: Business - European Economy |
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| Europeans scramble to save failing banks
(AP)
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| AP - Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real Estate AG and guaranteeing private bank accounts as European governments scrambled on their own Sunday to save failing banks.
-- read full article |
| Sun, 05 Oct 2008 22:50:11 GMT - Yahoo! News: Business - European Economy |
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| German gov't, banks agree to $69B bailout for Hypo
(AP)
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| AP - Germany on Sunday guaranteed all private bank accounts and negotiated a 50 billion euro ($69 billion) bailout deal for Hypo Real Estate AG as Europe's second largest economy sought to ward off financial crisis.
-- read full article |
| Mon, 06 Oct 2008 07:43:40 GMT - Yahoo! News: Business - European Economy |
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