| European Business & Economy Headlines |
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| US Fed official raises new fears on economy
(AFP)
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| AFP - A top Federal Reserve official raised new fears about the health of the US economy, adding to worries of a global slowdown while nations are already battling a serious crisis in money markets.
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| Wed, 15 Oct 2008 08:06:35 GMT - Yahoo! News: Business - European Economy |
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| FTSE 100 slips 0.19% at open
(AFP)
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| AFP - London shares slipped 0.19 pecent to 4,385.79 points at the start of trading on Wednesday on uncertainty over the world economy despite massive government efforts to restore confidence in the financial system.
-- read full article |
| Wed, 15 Oct 2008 07:34:43 GMT - Yahoo! News: Business - European Economy |
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| Think tanks: Germany on brink of recession
(AP)
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| AP - A group of leading German economic think tanks said Tuesday that Europe's largest economy is on the "brink of a recession" and have scaled back their 2009 growth prognosis to 0.2 percent. -- read full article |
| Tue, 14 Oct 2008 11:07:33 GMT - Yahoo! News: Business - European Economy |
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| Coming days crucial for crisis: Brown
(AFP)
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| AFP - Prime Minister Gordon Brown said on Tuesday that the next few days would be "crucial" in tackling the global financial crisis, as the European Union (EU) prepared for a crunch summit.
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| Tue, 14 Oct 2008 15:04:54 GMT - Yahoo! News: Business - European Economy |
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| London stocks advance
(AFP)
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| AFP - The FTSE 100 index of shares closed with solid gains for a second straight day Tuesday on sustained investor confidence in government efforts to snuff out a global credit crisis.
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| Tue, 14 Oct 2008 16:12:38 GMT - Yahoo! News: Business - European Economy |
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| Ukraine PM: country can't afford early elections
(AP)
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| AP - Ukraine's prime minister said Tuesday the country cannot afford an early election in the face of a battered stock market, one of the world's highest inflation rates and massive bank withdrawals by depositors spooked by the growing political and financial instability.
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| Tue, 14 Oct 2008 17:26:14 GMT - Yahoo! News: Business - European Economy |
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| US to buy 250 billion dollars of bank shares
(AFP)
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| AFP - The United States will buy up to 250 billion dollars worth of bank shares in the latest bid to end the financial crisis, officials said Tuesday, as forecasters warned two key European economies were falling into recession.
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| Tue, 14 Oct 2008 17:47:49 GMT - Yahoo! News: Business - European Economy |
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| Europe puts more on the line for banks than US
(AP)
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| AP - Europe put $2.3 trillion on the line Monday to protect the continent's banks, a figure that dwarfs the Bush administration's $700 billion rescue program, in its most unified response yet to the global financial crisis after a stumbling start.
-- read full article |
| Mon, 13 Oct 2008 21:02:53 GMT - Yahoo! News: Business - European Economy |
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