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    European Business & Economy Headlines
    Romania suspends tax on new cars (AP)
    AP - The Romanian government will suspend a tax on new cars to protect jobs in the auto industry, which has been hit by the world economic crisis, Prime Minister Calin Popescu Tariceanu said Wednesday. -- read full article
    Wed, 19 Nov 2008 16:05:31 GMT - Yahoo! News: Business - European Economy
    EU official: Help justified for Opel, industry (AP)
    AP - The European Union's industry chief said Wednesday that "extraordinary measures" are justified to keep car maker Adam Opel GmbH in business and shore up the entire car industry, blaming problems on U.S. car companies and the U.S.-spawned financial crisis. -- read full article
    Wed, 19 Nov 2008 16:16:56 GMT - Yahoo! News: Business - European Economy
    SolarWorld offers $1.3B for Adam Opel's assets (AP)
    AP - German solar energy company SolarWorld AG said Wednesday it plans to offer euro1 billion in cash and credit for some assets of carmaker Adam Opel GmbH, the German subsidiary of financially strapped General Motors Corp. GM said it wasn't selling. -- read full article
    Wed, 19 Nov 2008 17:51:15 GMT - Yahoo! News: Business - European Economy
    Russia warns media on economic crisis reporting (AP)
    AP - Russian prosecutors will aggressively monitor how media outlets report on the ongoing financial crisis, authorities said Wednesday. -- read full article
    Wed, 19 Nov 2008 17:52:27 GMT - Yahoo! News: Business - European Economy
    London FTSE closes down (AFP)

    London shares closed down Wednesday with banks performing badly for the third straight session as investors worried that government injections and rate cuts won't be enough to stabilise these institutions.(AFP/File/Shaun Curry)AFP - London shares closed down Wednesday with banks performing badly for the third straight session as investors worried that government injections and rate cuts won't be enough to stabilise these institutions.


    -- read full article
    Wed, 19 Nov 2008 17:53:27 GMT - Yahoo! News: Business - European Economy
    Italy government approves Alitalia offer (AP)
    AP - Italy's Economic Development Ministry says the government has approved the sale of assets in the bankrupt Alitalia airline to a group of Italian investors for at least euro1.052 billion ($1.33 billion). -- read full article
    Wed, 19 Nov 2008 18:07:27 GMT - Yahoo! News: Business - European Economy
    EU plans 130-billion-euro stimulus plan: Germany (AFP)

    Bundled euro banknotes. The European Commission is planning a 130-billion-euro (163-billion-dollar) economic stimulus programme, a spokeswoman for the German economy ministry said Wednesday.(AFP/File/Philippe Desmazes)AFP - The European Commission is planning a 130-billion-euro (163-billion-dollar) economic stimulus programme, a spokeswoman for the German economy ministry said Wednesday.


    -- read full article
    Wed, 19 Nov 2008 19:07:46 GMT - Yahoo! News: Business - European Economy
    FTSE 100 dips 0.12% (AFP)

    A trader looks at a computer screen showing the FTSE 100 share index.(AFP/Shaun Curry)AFP - The FTSE 100 index of leading shares eased 0.12 percent to 4,203.71 points when trading began on Wednesday.


    -- read full article
    Wed, 19 Nov 2008 09:39:08 GMT - Yahoo! News: Business - European Economy
    Russia spent $57.5 bln in Sept-Oct to back ruble (AP)
    AP - Russia spent $57.5 billion from its foreign currency reserves in September and October to support the declining ruble during the financial crisis, the Central Bank chief revealed Wednesday. -- read full article
    Wed, 19 Nov 2008 09:39:49 GMT - Yahoo! News: Business - European Economy
    Asian, European markets fall on gloomy earnings (AP)

    Clocks dominate a walkway at Canary Wharf in east London. Asian stock markets have stumbled as fears grew for the future of the AP - Most Asian and European markets slid into the red Wednesday as weak earnings from financial firms, lower commodity prices and concerns about ailing U.S. automakers reinforced pervasive gloom about the global economy.


    -- read full article
    Wed, 19 Nov 2008 09:54:41 GMT - Yahoo! News: Business - European Economy
    British inflation falls to 4.5 percent in October (AP)
    AP - Inflation in Britain fell in October for the first time in 14 months largely because of cheaper oil prices, official figures showed Tuesday, giving the Bank of England room to cut interest rates even further as the country heads into an expected recession. -- read full article
    Tue, 18 Nov 2008 11:39:26 GMT - Yahoo! News: Business - European Economy
    Stock markets rise on Hewlett-Packard news (AP)

    Traders work on the floor of the New York Stock Exchange Tuesday, Nov. 18, 2008. (AP Photo/Richard Drew)AP - European and U.S. stocks rose Tuesday after computer maker Hewlett-Packard Co. said it is weathering the economic slowdown better than anticipated. Asian markets closed lower overnight.


    -- read full article
    Tue, 18 Nov 2008 17:19:16 GMT - Yahoo! News: Business - European Economy
    World Bank sees $50 bln cap outflow from Russia (AP)
    AP - Some $50 billion in net capital is expected to flee Russia this year, the World Bank said in a report on Tuesday. -- read full article
    Tue, 18 Nov 2008 12:54:58 GMT - Yahoo! News: Business - European Economy
    Crisis could mean bargains for China (AP)

    Fu Chengyu, Chairman and CEO of China National Offshore Oil Corporation (CNOOC), right, and Frank-Jurgen Richter, President of Horaris Switzerland, centre, attend a Opening Plenary during Global China Business Meeting in Barcelona, Spain, Tuesday, Nov. 18, 2008. The head of China's biggest offshore energy producer CNOOC chairman Fu Chengyu, said Tuesday he thinks oil prices are likely to return to the $70-$80 barrel range, though he did not give a timetable and said low prices could continue for some time, during comments made at the conference on Chinese business in this northeastern Spanish city. (AP Photo/Manu Fernandez)AP - Chinese companies are shopping for companies in Europe and around the world, undeterred by the global financial crisis. In fact, they are hunting for bargains.


    -- read full article
    Tue, 18 Nov 2008 16:51:46 GMT - Yahoo! News: Business - European Economy
    US dollar mixed, gold up in Europe (AP)
    AP - The U.S. dollar was mixed against other major currencies in European trading Tuesday. Gold rose. -- read full article
    Tue, 18 Nov 2008 17:14:27 GMT - Yahoo! News: Business - European Economy
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