Archive for October 28th, 2008

New EU trade chief warns against protectionism (AFP)

Newly-appointed British European Commissioner for External Trade Catherine Ashton delivers a speech during the Business europe conference at the EU headquarters, in Brussels. Europe's new trade chief warned governments on Tuesday against resorting to protectionism in the face of the current financial crisis which she said would only delay economic recovery.(AFP/Dominique Faget)AFP - Europe's new trade chief warned governments on Tuesday against resorting to protectionism in the face of the current financial crisis which she said would only delay economic recovery.

AFP

Posted by
Comments Off

FTSE rebounds (AFP)

The FTSE 100 trading board at the Stock Exchange in London. The FTSE 100 rebounded on Tuesday on the back of speculation of an American interest rate cut and strong profits announced by oil giant BP.(AFP/File/Shaun Curry)AFP - The FTSE 100 rebounded on Tuesday on the back of speculation of an American interest rate cut and strong profits announced by oil giant BP.

AFP

Posted by
Comments Off

Wall Street rises on bargain-hunting (Reuters)

Traders applaud a colleague during the trading day on the floor of the New York Stock Exchange, October 27, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose on Tuesday as investors followed Asian and European markets higher, buying shares beaten down in recent sessions and putting aside concerns about a plunge in consumer confidence.

Reuters

Posted by
Comments Off

Lithuania Conservatives asked to form coalition (AFP)

A woman casts her vote for the second round of general elections in Vilnius. Lithuania's Conservative leader, Andrius Kubilius, has been tasked with creating a coalition to replace the defeated Social Democrats and tackle the ex-Soviet EU nation's looming economic crisis.(AFP/File/Petras Malukas)AFP - Lithuania's Conservative leader, Andrius Kubilius, was on Tuesday tasked with creating a coalition to replace the defeated Social Democrats and tackle the ex-Soviet EU nation's looming economic crisis.

AFP

Posted by
Comments Off

Iceland hikes interest rate, seeks more funds (AP)

AP - Crisis-hit Iceland raised its key interest rate by a massive 6 percentage points on Tuesday, carrying out a rapid policy U-turn to meet the requirements of a $2 billion rescue loan from the International Monetary Fund.

AP

Posted by
Comments Off



Page 2 of 3123
  • Wall Street rally too late for most world markets (AP)