admin on November 16th, 2008

AP - Wolfgang Schmitz, former Austrian finance minister and president of the country's central bank, died early Sunday, his People's Party said in a statement. He was 85.

Continue reading about Austria: Former Finance Minister dies at 85

admin on November 15th, 2008

AP - European Commission President Jose Manuel Barroso said Saturday that Europe's biggest threat is recession and countries should be allowed leeway in running up deficits.

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admin on November 15th, 2008

AP - Britain's government risks seeing the value of its currency collapse unless public borrowing is kept under control, one of the country's senior opposition politicians said in an interview published Saturday.

Continue reading about Senior UK politician warns of run on the pound

admin on November 15th, 2008

AP - Sweden's financial markets minister is warning that the government's bank guarantee scheme could become compulsory for the Nordic country's main banks unless more of them sign up for it.

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admin on November 15th, 2008

AP - The Netherlands' prime minister has left the economic summit in Washington following the death of his father, his office said Saturday.

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admin on November 14th, 2008

AP - A planned Royal Air Force mission to police Iceland's airspace has been called off amid a diplomatic feud triggered by the global financial crisis, Britain and Iceland said Friday.

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admin on November 14th, 2008

AP - Russia and Ukraine should coordinate efforts in facing the global economic turmoil, given that enterprises in the two former Soviet republics were still economically linked, Russian Prime Minister Vladimir Putin said Friday.

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admin on November 14th, 2008

AP - The U.S. dollar was mixed against other major currencies in European trading Friday. Gold rose.

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admin on November 14th, 2008

AP - Share prices were higher Friday on the London Stock Exchange.

Continue reading about FTSE 100 up 63.76 points at 4,232.97

admin on November 14th, 2008

AP - France's economy grew 0.1 percent in the third quarter, the national statistics agency said Friday, just enough to permit the euro zone's second largest economy to avoid entering a recession.

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