Business in EuropeEuropean Economy Business Blog |
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.
Comments Off 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.
Comments Off 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.
Comments Off 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.
Comments Off 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.
Comments Off