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Eu_economy News provided by Yahoo!

  • World markets sink after Wall Street plunge (AP)
    Fri, 05 Sep 2008 13:20:13 GMT

    Pedestrians are reflected on an electronic stock indicator in Tokyo on Friday, Sept. 5, 2008. The benchmark Nikkei 225 index lost 319.05 to close the morning session at 12,238.61. At one point, the Nikkei index lost 371.19. (AP Photo/Koji Sasahara)AP - World stock markets fell sharply Friday in the wake of a sell-off on Wall Street amid mounting concerns about a slumping U.S. economy and its impact on global growth.




  • FTSE slides on economy fears (AFP)
    Fri, 05 Sep 2008 11:26:11 GMT

    People walk past the London Stock Exchange. London shares were falling on a weak outlook for the global economy following further disappointing US and European data.(AFP/File/Shaun Curry)AFP - London shares were falling Friday on a weak outlook for the global economy following further disappointing US and European data.




  • Euro dives to 2008 low against dollar (AFP)
    Thu, 04 Sep 2008 17:34:58 GMT

    A euro coin and one US dollar bill. The euro sank to its lowest level against the dollar this year on Thursday after the European Central Bank cut its eurozone growth forecasts, adding to gloom surrounding the European economy.(AFP/File/Joel Saget)AFP - The euro sank to its lowest level against the dollar this year on Thursday after the European Central Bank cut its eurozone growth forecasts, adding to gloom surrounding the European economy.




  • German fertiliser group KS joins blue-chip DAX index (AFP)
    Thu, 04 Sep 2008 07:31:33 GMT

    German fertiliser group K+S will join the DAX 30 index of blue-chip stocks, reflecting its growing business as prices for commodities and foods rise globally. Frankfurt stock market operator Deutsche Boerse said late Wednesday that K+S, originally known as Kalie und Salz (Potassium and Salt), will replace the transport and tourism group TUI.(DDP/AFP/File/Martin Oeser)AFP - German fertiliser group K+S will join the DAX 30 index of blue-chip stocks, reflecting its growing business as prices for commodities and foods rise globally.




  • Rate decisions ahead, global stocks stable as dollar slips (Reuters)
    Thu, 04 Sep 2008 08:16:02 GMT

    Investors nap in front of an electronic board showing the stock information at a brokerage firm in Wuhan, Hubei province September 3, 2008. (Stringer/Reuters)Reuters - Global equities stabilized on Thursday after hitting a two-year low while the dollar trimmed recent gains ahead of European interest rate decisions and the British pound touched a trade-weighted 12-year low.






  • European gloomy, U.S. vulnerable (Reuters)
    Wed, 03 Sep 2008 15:36:30 GMT

    People walk by a shop with discount signs announcing summer sales in Paris, June 25, 2008. (Charles Platiau/Reuters)Reuters - Major economies on both sides of the Atlantic are increasingly vulnerable to each other's weakness, as the euro zone teeters on the brink of recession while the United States is barely muddling through, data showed on Wednesday.




  • Euro economy contracts in 2Q on falling exports (AP)
    Wed, 03 Sep 2008 13:50:22 GMT
    AP - Falling exports and lower household spending caused a 0.2 percent second-quarter decline in the economy of the 15 nations that share the euro currency, European Union statistics showed Wednesday.

  • Eurozone contracts 0.2% in 2nd quarter: EU (AFP)
    Wed, 03 Sep 2008 09:16:43 GMT

    A construction worker on site in Berlin. The economy of the 15 nations sharing the euro contracted in the second quarter for the first time since the bloc was formed in 1999, according to a second official EU estimate.(AFP/DDP/File/Theo Heimann)AFP - The economy of the 15 nations sharing the euro contracted in the second quarter for the first time since the bloc was formed in 1999, according to a second official EU estimate on Wednesday.




  • Economy - Tuesday (Investor's Business Daily)
    Tue, 02 Sep 2008 22:37:12 GMT
    Investor's Business Daily - The Organization for Economic Cooperation and Development raised its forecast for U.S. GDP growth to 1.8% from 1.2% in June, citing tax cuts and strong exports. The Paris-based rich-nation group cut growth views for Japan, the euro zone and Britain. Japan should grow 1.2% and the euro zone 1.3%, both down from prior targets of 1.7%. The U.K. should expand just 1.2% and may be headed for a recession. The OECD said the world's major central banks should keep rates steady, balancing inflation risks with sluggish growth.

  • Putin vows 'an answer' to NATO ships near Georgia (AP)
    Tue, 02 Sep 2008 19:36:08 GMT

    The USS Mount Whitney, the flagship of the U.S. Navy's Sixth Fleet, arrives at the Georgian Black Sea port of Poti September 5, 2008. The USS Mount Whitney, the third U.S. vessel to arrive on the Georgian coast with humanitarian aid for tens of thousands displaced by the conflict over Georgia's breakaway South Ossetia, dropped anchor off Poti on Friday, where Russian troops have been patrolling since last month's war with Georgia. REUTERS/Vasily Fedosenko (GEORGIA)AP - Prime Minister Vladimir Putin said Tuesday that Russia will respond calmly to an increase in NATO ships in the Black Sea in the aftermath of the short war with Georgia, but promised that "there will be an answer."




  • Saakashvili 'no longer exists' as Georgia's president: Medvedev (AFP)
    Tue, 02 Sep 2008 20:55:13 GMT

    Georgian honour guard soldiers hold national flags over coffins of unknown comrades killed during the conflict with Russia on September 2 in Mukhadgverdi, outside Tbilisi.(AFP/Stringer)AFP - Russian President Dmitry Medvedev said Tuesday Moscow no longer considered Mikheil Saakashvili as Georgia's leader, calling him a "political corpse" and accusing his regime of "aggression that ended in many deaths."




  • Euro strikes six-month dollar low (AFP)
    Tue, 02 Sep 2008 09:21:47 GMT

    A euro coin and a US dollar bill. The dollar got a lift Tuesday from falling oil prices while the euro hit a six-month low amid expectations of lower interest rates in the eurozone and stronger growth in the United States.(AFP/File/Joel Saget)AFP - The euro on Monday fell below 1.45 dollars for the first time since February as the market anticipated lower interest rates in the eurozone, with inflation concerns easing amid tumbling oil prices.




  • British economy facing 'worst downturn in 60 years': Darling (AFP)
    Sat, 30 Aug 2008 09:04:01 GMT

    British Chancellor of the Exchequer Alistair Darling is pictured during a press conference in London in July 2008. Britain is facing AFP - The British finance minister has warned the country is facing "arguably the worst" economic downturn in 60 years and says it will be "more profound and long-lasting" than people had expected.




  • Eurozone inflation pulls back from record high (AFP)
    Fri, 29 Aug 2008 15:10:21 GMT

    A customer picks up a chicken from a supermarket in Barcelona in June 2008. Inflation in the 15 countries sharing the euro pulled back in August from a record high, offering an increasingly rare ray of light as the threat of recession looms, official EU figures have shown.(AFP/File/Lluis Gene)AFP - Inflation in the 15 countries sharing the euro came off record highs in August, offering an increasingly rare ray of light as the threat of recession looms, official EU data showed on Friday.




  • German jobless rate falls further, but trend 'nearing end' (AFP)
    Thu, 28 Aug 2008 12:45:15 GMT

    A a man waits for service at an unemployment office in Duesseldorf, western Germany, January 2007. German unemployment fell further in August, but the biggest European economy is flirting with recession and its job market will probably feel the effects later this year, analysts said.(AFP/DDP/File/Volker Hartmann)AFP - German unemployment fell further in August, but the biggest European economy is flirting with recession and its job market will probably feel the effects later this year, analysts said Thursday.




  • Indian shares extend fall to 2 pct on day (Reuters)
    Thu, 28 Aug 2008 09:54:38 GMT

    The Bombay Stock Exchange (BSE) building is seenin this file photo. REUTERS/Punit ParanjpeReuters - Indian shares extended losses to 2 percent on Thursday afternoon, ahead of weekly inflation data and a fall in European markets.




  • German consumer, business confidence ebbs (AP)
    Tue, 26 Aug 2008 11:01:48 GMT
    AP - Consumer confidence in Europe's biggest economy declined for a fourth month in a row, sliding to another five-year low as lower energy prices failed to bolster Germans' likelihood of buying new goods, a report released Tuesday found.

  • IMF cuts world, euro zone growth outlook: source (Reuters)
    Mon, 25 Aug 2008 16:27:30 GMT

    A plastic bear figurine is fixed on a computer monitor in front of the DAX board at the Frankfurt stock exchange August 22, 2008. (Alex Grimm/Reuters)Reuters - The International Monetary Fund has trimmed its forecasts for 2008 and 2009 world economic growth, largely due to a marked worsening in the outlook for the euro zone, a G20 finance official told Reuters on Monday.




  • British economy faces recession after zero growth (AFP)
    Fri, 22 Aug 2008 16:51:34 GMT

    A construction crane at a building site in central London, 2006. Britain faced the threat of a recession on Friday after official figures showed the economy stuttered to a halt in the second quarter with its weakest performance for 16 years.(AFP/File/Carl de Souza)AFP - Britain faced the threat of a recession on Friday after official figures showed the economy stuttered to a halt in the second quarter with its weakest performance for 16 years.




  • UK economic growth ground to a halt in Q2 (AP)
    Fri, 22 Aug 2008 10:52:58 GMT
    AP - British economic growth ground to a halt between April and June, ending more than 15 years of continuous expansion, the government said Friday, as many fear the country is headed for recession.
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