AP - Preliminary fraud charges have been filed against three men who allegedly belonged to a gang that secretly withdrew money from French President Nicolas Sarkozy's personal bank account, an official said Thursday.
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Continue reading about France: 3 suspects charged in Sarkozy theft case (AP)
AP - The Czech Republic on Thursday slashed its economic growth forecast for 2009 to 3.7 percent from the previous estimate of 4.8 percent to account for the impact of the global financial crisis.
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Continue reading about Czech growth forecast down to 3.7 percent in 2009 (AP)
AP - The U.S. dollar has slid as investors grow more willing to take risks and buy stocks, easing demand for the currency as a safe haven.
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AP - Bank of England policy maker David Blanchflower said the bank must cut its interest rate soon, and by a significant measure, to ward off the threat of deflation as the British economy enters a recession.
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Continue reading about UK must cut interest rate, says BoE policy maker (AP)
AP - It took Ella Jenkins and two teenage pals less than 15 minutes to give a thumbs up to London's biggest mall, which opened Thursday despite the gloomy economic climate that threatens to dampen vital Christmas sales.
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Continue reading about Thousands throng to opening of huge London mall (AP)
AP - British American Tobacco PLC, Europe's largest cigarette maker, said Thursday net profit rose 9.5 percent in the third quarter on better sales of global brands, particularly in emerging markets, and a gain from changes in currency values.
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Continue reading about British American Tobacco 3Q net profit up 9.5 pct (AP)
AP - Erste Group AG, Austria's largest publicly traded bank, accepted a 2.7 billion euro ($3.5 billion) capital infusion from the state Thursday, making it the country's first financial institution to take up the government's offer for help.
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Continue reading about Erste Bank gets 2.7 billion euro infusion (AP)
Reuters - Two of Europe's big banks used newly relaxed EU accounting rules to boost their profits on Thursday while others took state cash and a top executive said he saw no light at the end of the financial crisis tunnel.
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Continue reading about Europe’s banks show more financial frailty (Reuters)
AP - Business and consumer confidence in the 15 nations that share the euro fell to a 15-year low in October, the European Commission said Thursday, as a credit crunch hits consumer spending and forces companies to shed jobs.
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Continue reading about EU: Economic confidence drops to 15-year low (AP)
AFP - Overall confidence in the European economy slumped in October to the lowest level since 1993 in the face of the worst financial crisis in generations, an EU survey signalled on Thursday.
AFP
Continue reading about European broad economic confidence hits 15-year low: EU survey (AFP)
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