Yahoo! News: Business - European Economy
Business - European Economy
German mogul kills self over financial meltdown
(AP)
6 Jan 2009 at 12:23pm
AP - German billionaire Adolf Merckle threw himself in front of a train after his business empire, which included interests ranging from VW cars to pharmaceuticals to cement, ran into trouble in the global financial crisis, his family said Tuesday.
Dollar up despite disappointing economic readings
(AP)
6 Jan 2009 at 9:46am
AP - The dollar rose against most major currencies Tuesday despite disappointing readings on pending home sales and factory orders, as speculation mounted that the European Central Bank will continue its rate cut campaign in the face of declining inflation across the euro zone.
FTSE-100 up 59.28 points at 4,638.92
(AP)
6 Jan 2009 at 9:11am
AP - Share prices on the London Stock Exchange closed up Tuesday.
Euro zone inflation fell below target in December
(AP)
6 Jan 2009 at 8:49am
AP - Inflation in the countries that use the euro currency dropped further in December to 1.6 percent, according to official estimates, stoking market expectations that the European Central Bank will keep cutting borrowing costs in coming months.
Portuguese central bank foresees recession
(AP)
6 Jan 2009 at 8:09am
AP - Portugal's central bank predicted Tuesday the country's economy will enter recession in 2009 for the third time in six years.
Almost 13 million used Prague airport in 2008
(AP)
6 Jan 2009 at 7:38am
AP - A record 12.7 million passengers used Prague's international airport in 2008 despite an economic crisis, an airport spokeswoman said Tuesday, citing preliminary figures.
BA says passenger traffic fell 3.4 pct in December
(AP)
6 Jan 2009 at 7:32am
AP - British Airways PLC said Tuesday that passenger traffic fell 3.4 percent in December compared with a year earlier as the global economic crisis deepened.
Alan Walters, economic aide to UK's Thatcher, dies
(AP)
6 Jan 2009 at 4:55am
AP - Sir Alan Walters, a top economic adviser to former British Prime Minister Margaret Thatcher, has died at age 82.
Euro slips below $1.34 in European trading
(AP)
6 Jan 2009 at 4:52am
AP - The euro slipped to its lowest point in three weeks on Tuesday, dragged down by mounting speculation that the European Central Bank will continue its rate cut campaign in the face of declining inflation across the euro zone.
World stocks advance as oil rises to near $50
(AP)
6 Jan 2009 at 9:42am
AP - World stock markets rose Tuesday as the New Year optimism continued amid relatively positive corporate news, particularly from the struggling British retailing sector, and despite some dismal U.S. economic data.
Europe's services sectors shrank in December
(AP)
6 Jan 2009 at 3:58am
AP - Europe's services sector continued to contract sharply in December while the jobs outlook looked increasingly bleak, closely watched surveys showed Tuesday.
London shares rise
(AFP)
6 Jan 2009 at 1:35am
AFP - London's FTSE 100 index of leading shares climbed 0.11 percent to 4,584.90 points at the start of trading on Tuesday, extending their positive beginning to 2009 after major losses suffered last year.
Germany works on euro50 billion stimulus
(AP)
5 Jan 2009 at 11:27am
AP - German Chancellor Angela Merkel's governing coalition agreed Monday to give Europe's biggest economy an extra stimulus of up to euro50 billion ($70 billion) in an effort to cushion it against a deepening recession, senior officials said.
US dollar mixed in Europe
(AP)
5 Jan 2009 at 11:04am
AP - The U.S. dollar was mixed against other major currencies in late European trading Monday. Gold fell.
FSA to lift short selling ban
(AP)
5 Jan 2009 at 10:54am
AP - Britain's financial services regulator said it will lift a ban on the short-selling of shares in scores of financial companies later this month.
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