| European Business & Economy Headlines |
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| NATO mulls expanding its drug role in Afghanistan
(AP)
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| AP - The United States on Thursday will push NATO allies to order their troops to target Afghanistan's thriving heroin trade in a bid to stem the flow of drug money to the widening insurgency against the troubled international military mission.
-- read full article |
| Thu, 09 Oct 2008 07:55:14 GMT - Yahoo! News: Business - European Economy |
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| European markets tumble after Asian slide
(AP)
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| AP - European markets tumbled in early trading Wednesday amid ongoing fears about the state of credit markets despite the British government's 50 billion pound ($87.5 billion) rescue package for the banking system. In Asia, Japan's Nikkei suffered its worst day since the 1987 stock market crash.
-- read full article |
| Wed, 08 Oct 2008 10:24:11 GMT - Yahoo! News: Business - European Economy |
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| British government steps in to help banks
(AP)
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| AP - The British government announced a 50 billion pounds ($87.5 billion) plan on Wednesday to partly nationalize major banks, with taxpayers taking stakes in a bid to shore up a financial sector hard hit by the world financial crisis. -- read full article |
| Wed, 08 Oct 2008 10:49:45 GMT - Yahoo! News: Business - European Economy |
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| London stocks slump by 5.38%
(AFP)
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| AFP - The London stock market plunged 5.38 percent on Wednesday as investors were unconvinced that a global round of emergency interest rate cuts would resolve the financial crisis, dealers said.
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| Wed, 08 Oct 2008 15:04:26 GMT - Yahoo! News: Business - European Economy |
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| European markets recover after shock rate cuts
(AP)
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| AP - European markets fell, then recouped most of their losses Wednesday after six central banks jolted markets by cutting interest rates together in an attempt to shore up confidence in the world's crisis-stricken financial system.
-- read full article |
| Wed, 08 Oct 2008 12:48:23 GMT - Yahoo! News: Business - European Economy |
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| US retains top spot in competitiveness poll
(AP)
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| AP - The U.S. still has the world's most competitive economy, despite the recent turmoil that has seen some Wall Street giants tumble and others turn to the Federal Reserve for financial bailouts, according to a survey released Wednesday. -- read full article |
| Wed, 08 Oct 2008 13:01:29 GMT - Yahoo! News: Business - European Economy |
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| Central banks, governments try to contain crisis
(AP)
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| AP - European governments sought to contain the deepening world financial crisis on Wednesday, with Britain stepping in to help its hard-pressed banks and Russia shutting down its biggest stock market for two days. But the greatest relief to markets came from a coordinated rate cut from leading world central banks. -- read full article |
| Wed, 08 Oct 2008 15:05:01 GMT - Yahoo! News: Business - European Economy |
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| London stocks slump by more than 5%
(AFP)
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| AFP - The FTSE 100 index of leading shares closed with heavy losses of more than 5.0 percent Wednesday as investors brushed aside central bank efforts to counter the global financial crisis.
-- read full article |
| Wed, 08 Oct 2008 16:47:03 GMT - Yahoo! News: Business - European Economy |
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| Luxury goods industry ready for hard times
(AP)
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| AP - Savoring a rustic lunch of tuna salad, veal stew, and red wine, Benoit Gouez, chief vintner at Champagne house Moet & Chandon, took a long view of the financial crisis rocking the global economy.
-- read full article |
| Wed, 08 Oct 2008 17:54:28 GMT - Yahoo! News: Business - European Economy |
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| Iceland struggles, abandons fixed exchange rate
(AP)
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| AP - Iceland plunged further into financial crisis Wednesday as it scrapped plans to nationalize a major bank, instead placing it into receivership, and abandoned attempts to put a floor under its falling currency by pegging it to the euro.
-- read full article |
| Wed, 08 Oct 2008 17:59:35 GMT - Yahoo! News: Business - European Economy |
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