European Business & Economy

Business - European Economy

AFP - European equity markets enjoyed mixed fortunes on Tuesday, the eve of a US interest rate decision, as London was fired up by results from energy giants BP and Royal Dutch Shell.

AFP - France may need an early warning on its public finances, the European Commission warned Monday, predicting that the French deficit was slipping dangerously towards an EU limit.

AP - Europe is suffering from "a very strong inflationary shock" with food prices soaring and the cost of oil hitting record highs, the EU's top economic official said Monday.

AFP - Consumer sentiment has jumped in Germany just as other economic indicators show the Europe's biggest economy beginning to feel the pinch of a global slowdown, a widely watched survey showed Monday.

AFP - The leading share index was dragged into negative territory as banking, housebuilders and mining shares were under heavy selling pressure, dealers said Thursday.

AFP - Leaders of Japan and the European Union called Wednesday for "highly ambitious and binding" global targets to fight climate change, seeking a breakthrough at July's Group of Eight summit.

Reuters - Major banks have rushed to tap Japan's investors as the global credit crisis made lenders wary elsewhere and more banks are expected to take advantage so long as U.S. and European markets are under strain. More Info...  

AFP - European equities struggled on Monday, despite a sharp rally earlier in Asia, as London investors digested a 100-billion-dollar Bank of England plan to get British banks lending again.

Reuters - Remarkably resilient morale among euro zone investors and businesses will face a reality check this week as first-quarter earnings reports from the non-financial sector get into full swing.

Reuters - Wage and fiscal policy in the euro zone could buoy inflation and the European Central Bank may need to act, ECB Governing Council member Axel Weber said in a newspaper interview released on Saturday. More Info...  

AP - A group of leading German economic think tanks on Thursday cut their forecast for growth this year in Europe's biggest economy to 1.8 percent amid fallout from the U.S. subprime lending crisis and turbulence in global financial markets. More Info...  

Reuters - European stocks picked up the firmer tone set in Asia on Wednesday, with financials and tech shares helping cap risk aversion, but uncertainty stalked the dollar as nervous investors eyed results from major U.S. banks.

AFP - German inflation hit 3.1 percent in March, final figures showed Wednesday, with energy and food prices eating away at incomes in the biggest European economy.

AFP - In early Monday morning trade, London's FTSE 100 index of leading shares lost 0.41 percent in value to 5,871.30 points.

AFP - The euro has risen too high against the dollar to the point it is getting out of line with economic fundamentals, European Union Monetary Policy Commissioner Jaoquin Almunia said Saturday.

AFP - The euro has risen too high against the dollar, EU's Monetary Policy Commissioner Joaquin Almunia said Friday, voicing fears that it could keep climbing.

AFP - Northern Ireland's economy is recovering but years of strife have "left scars" including underinvestment in infrastructure and over-dependence on the public sector, an EU report said Monday.

AFP - Leading shares closed at the day's high as Wall Street remained firmer, with miners helping to buoy the FTSE on the back of stronger metals prices and British Energy and Centrica up after reports of bid talk between the groups.

AFP - The head of the bloc of EU nations using the euro single currency, Jean-Claude Juncker, said Monday that he will meet US President George W. Bush on Wednesday to discuss foreign exchange rates.

AFP - The tax evasion row surrounding Liechtenstein prompted the European Union to revise an anti-tax evasion directive, EU Finance Commissioner Laszlo Kovacs said in an interview published Saturday.