AFP - 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 economic confidence hits 15-year low: EU survey (AFP)
AP - Over two roller-coaster days, Volkswagen's share price soared high enough to briefly make it the world's most valuable company, before a 40 percent crash Wednesday wiped out tens of billions of dollars in paper value and underscored the astonishingly capricious nature of the financial crisis.
AP
Continue reading about Financial crisis brings huge swings to markets (AP)
AFP - Australia and the European Union on Wednesday signed what they called a "historic" partnership agreement, and pledged to work closely together on the global financial crisis.
AFP
Continue reading about Australia, EU sign ‘historic’ partnership (AFP)
AP - Ukraine's parliament on Wednesday approved legislation that the International Monetary Fund set as a condition for an emergency loan, raising hopes that this ex-Soviet republic, hit hard by the global crisis, will avoid a meltdown.
AP
Continue reading about Ukraine’s parliament passes key economic bills (AP)
AFP - London shares soared on Wednesday to close more than eight percent higher as investors counted on a round of global interest rate cuts.
AFP
Continue reading about FTSE closes more than 8% higher (AFP)
AP - European stock markets closed mostly higher Wednesday on expectations of interest rate cuts around the world starting with the U.S. Federal Reserve, while U.S. stocks were up for the second day running.
AP
Continue reading about World stocks higher ahead of Fed rate decision (AP)
AFP - The Hungarian forint and stock market rallied strongly Wednesday after the IMF, the EU and the World Bank threw the economy a 20 billion euros lifeline but Prime Minister Ferenc Gyrucsany warned of tough times ahead.
AFP
Continue reading about Hungarian markets cheer bailout but PM warns of tough times ahead (AFP)
AP - Porsche moved Wednesday to put a brake on volatility in Volkswagen shares by selling some options and Germany's financial regulator announced a formal investigation into Volkswagen's recent stratospheric stock gains.
AP
Continue reading about Porsche says will settle hedged VW shares (AP)
AP - European stock markets traded mostly higher Wednesday on expectations of possible interest rate cuts in the U.S. and Japan, while U.S. stocks opened lower as some investors took profits on Tuesday's huge gains.
AP
Continue reading about European stocks higher ahead of Fed rate decision (AP)
AFP - The European Commission aims to double the maximum EU aid available to non-euro member states facing economic trouble to 25 billion euros, EU Economic Affairs Commissioner Joaquin Almunia said.
AFP
Continue reading about EU to double aid for troubled member states (AFP)
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