Yahoo! News: Business - European Economy
Business - European Economy
Experts see trouble ahead for developed world
(AP)
3 Sep 2010 at 10:37am
AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.
European stocks soar on US data; dollar breaches 85 yen
(AFP)
3 Sep 2010 at 6:47am
AFP - European equities surged on Friday and the dollar jumped above 85 yen as financial markets welcomed a better-than-expected payrolls report in the United States.
Swedish bank Carnegie buys troubled competitor
(AP)
3 Sep 2010 at 4:57am
AP - Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week.
EU reaches deal on cross-border financial supervisors
(AFP)
2 Sep 2010 at 12:17pm
AFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector blamed for the global recession.
Romanian PM shakes up cabinet
(AP)
2 Sep 2010 at 10:33am
AP - Romania's unpopular government was in turmoil Thursday after the prime minister fired five Cabinet ministers, with the economy minister also saying he will quit.
German car exports up 12 percent in August
(AP)
2 Sep 2010 at 5:26am
AP - German car exports kept growing in August as a healthier global economy fueled sales abroad, helping push up production, an industry group said Thursday.
European stocks drop before ECB rate call
(AFP)
2 Sep 2010 at 4:02am
AFP - European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.
Driven by Germany, Europe posts 1% growth
(AFP)
2 Sep 2010 at 3:17am
AFP - Europe's economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half.
Global stocks hit two-week high on manufacturing optimism
(Reuters)
2 Sep 2010 at 1:57am
Reuters - World stocks hit a two-week high on Thursday and oil prices rose as optimism from strong U.S. and Chinese manufacturing data extended into a second day ahead of a euro zone interest rate decision and key U.S. jobs data.
Swiss economy grew 0.9 percent in second quarter
(AP)
2 Sep 2010 at 1:14am
AP - Official figures show that Switzerland's economy grew by 0.9 percent in the second quarter compared with the first three months of the year, largely on the back of higher domestic demand and corporate investments.
ECB raises 2010, 2011 eurozone growth forecast
(AP)
2 Sep 2010 at 7:38am
AP - The European Central Bank raised its growth projections for the 16-nation eurozone on Thursday, but stressed that the outlook remains uncertain and said its effort to keep banks supplied with credit would stay in place for the rest of the year.
ECB holds rates, extends liquidity lifeline
(Reuters)
2 Sep 2010 at 6:10am
Reuters - The European Central Bank held interest rates at a record low on Thursday and extended its liquidity safety-net in response to a lopsided recovery and worries about vulnerable banks.
Summary Box: US fears mean risk for ECB
(AP)
1 Sep 2010 at 11:30am
AP - THE SITUATION: Indicators are pointing up at the European Central Bank, which may be about to raise its 2010 economic projections. But that brightening picture is being increasingly darkened by fears about the recovery in the U.S.
Spain halves deficit with painful austerity cuts
(AP)
1 Sep 2010 at 10:04am
AP - Spain's deficit is down sharply thanks to an unpopular cocktail of tax hikes and austerity cuts — good news for a government fighting to ward off fears it might need a bailout like the one that saved Greece from bankruptcy.
Equities make bright start to September
(AFP)
1 Sep 2010 at 4:16am
AFP - Asian and European stocks rose on Wednesday, lifted by bargain-hunting and upbeat data, as dealers set aside Wall Street's worst August performance in nine years amid stubborn US recovery doubts.
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