| European Business & Economy Headlines |
| OECD says developed world already in recession
(AP)
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| AP - The world's developed countries, hard hit by the financial crisis, have probably tipped into a recession that will last at least through the first half of 2009, according to new projections issued Thursday. -- read full article |
| Thu, 13 Nov 2008 18:13:14 GMT - Yahoo! News: Business - European Economy |
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| SABMiller says 1H profits rise, but demand slows
(AP)
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| AP - SABMiller PLC which brews Grolsch and Peroni Nastro Azzurro lagers said net profit for the first half of its financial year rose 46 percent because of a one-time, $437 million gain from its role in establishing joint venture MillerCoors. -- read full article |
| Thu, 13 Nov 2008 18:21:11 GMT - Yahoo! News: Business - European Economy |
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| Siemens posts 2.4 billion euro loss in 4th quarter
(AP)
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| AP - Industrial conglomerate Siemens AG on Thursday reported a net loss of 2.4 billion euros ($3 billion) for its fiscal fourth quarter, weighed down by large one-time charges that included money set aside for costs related to a bribery investigation. -- read full article |
| Thu, 13 Nov 2008 18:37:20 GMT - Yahoo! News: Business - European Economy |
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| Dutch state invests 750 million euros in SNS bank
(AP)
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| AP - SNS Reaal NV, a Dutch financial services company, said Thursday it will receive a 750 million euro ($934 million) lifeline from the government to shore up its capital position amid the financial crisis. -- read full article |
| Thu, 13 Nov 2008 18:42:31 GMT - Yahoo! News: Business - European Economy |
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| Russia sees EU talks as ray of hope for economy
(AP)
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| AP - Russia's president and top business leaders looked Thursday to warming relations with the European Union as a ray of hope for Russia's tottering markets and at-risk economy. Yet critics say the EU is rushing too fast back into Moscow's embrace after a war that soured ties.
-- read full article |
| Thu, 13 Nov 2008 18:55:32 GMT - Yahoo! News: Business - European Economy |
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| US, European stocks steady despite data
(AP)
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| AP - European stock markets were little changed Thursday while Wall Street moved higher as stocks struggled to find direction following hefty losses in the first part of the week. Asian shares closely sharply lower.
-- read full article |
| Thu, 13 Nov 2008 19:38:44 GMT - Yahoo! News: Business - European Economy |
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| Energy agency warns of impending supply crunch
(AP)
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| AP - More than a trillion dollars in annual investments to find new fossil fuels will be needed for the next two decades to avoid an energy crisis that could choke the global economy, the International Energy Agency said Wednesday. -- read full article |
| Wed, 12 Nov 2008 21:51:54 GMT - Yahoo! News: Business - European Economy |
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| Britain's Brown seeks to take lead at G-20 summit
(AP)
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| AP - Gordon Brown has been one of the few leaders with a spring in his step since the world economy began to nosedive and he'll be hoping it will carry him to success at a weekend summit on the global financial meltdown.
-- read full article |
| Wed, 12 Nov 2008 22:32:35 GMT - Yahoo! News: Business - European Economy |
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| Zurich Financial 3Q profits plummet 90 percent
(AP)
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| AP - Swiss insurer Zurich Financial Services AG on Thursday reported a 90 percent drop in profit for the third quarter following pre-tax writedowns of $1.1 billion and a costly hurricane season. -- read full article |
| Thu, 13 Nov 2008 08:18:25 GMT - Yahoo! News: Business - European Economy |
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| German economy falls into recession
(AP)
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| AP - The German economy, Europe's biggest, tipped into recession in the third quarter, shrinking as exports declined, government figures showed Thursday. -- read full article |
| Thu, 13 Nov 2008 08:41:59 GMT - Yahoo! News: Business - European Economy |
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| Dutch state invests 750 million euros in SNS bank
(AP)
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| AP - SNS Reaal NV, a Dutch financial services company, said Thursday it will receive a 750 million euro ($934 million) lifeline from the government to shore up its capital position amid the financial crisis. -- read full article |
| Thu, 13 Nov 2008 09:09:05 GMT - Yahoo! News: Business - European Economy |
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| Energy agency cuts oil demand forecasts
(AP)
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| AP - The International Energy Agency made new cuts Thursday to its global oil demand forecasts for this year and next as rich-world economies sink into recession and growth slows in the developing countries. -- read full article |
| Thu, 13 Nov 2008 09:12:20 GMT - Yahoo! News: Business - European Economy |
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