Archive for October, 2008

European economic confidence hits 15-year low: EU survey (AFP)

File photo shows a man dressed as a 'shopping bag' advertising a store sales promotion in central London. 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 has signalled.(AFP/File/Carl de Souza)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

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Financial crisis brings huge swings to markets (AP)

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

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Australia, EU sign ‘historic’ partnership (AFP)

 Australia, EU sign historic partnership 
    (AFP)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

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Ukraine’s parliament passes key economic bills (AP)

Ukrianian Prime Minister Yulia Tymoshenko addresses deputies at the parliament in Kiev. Ukraine's parliament on Wednesday gave the green light to anti-crisis laws aimed at releasing a massive emergency loan from the International Monetary Fund, with final approval expected on Thursday.(AFP/Sergei Supinsky)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

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FTSE closes more than 8% higher (AFP)

London shares soared to close more than eight percent higher as investors counted on a round of global interest rate cuts.(AFP/File/Shaun Curry)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

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  • British Airways loses 49 million pounds in 1H (AP)