Business in EuropeEuropean Economy Business Blog |
Reuters - Global credit markets showed some signs of a thaw on Tuesday as Australia cut interest rates sharply ahead of expected reductions in Europe later this week, though the deep freeze in bank lending still appeared far from over.
Comments Off AP - Czech carmaker Skoda Auto AS, a unit of Germany's Volkswagen AG, said Tuesday it planned to cut production by another 18,000 cars this year as the global economic turmoil hits the auto industry, an official said.
Comments Off AP - The number of newly registered cars hitting German roads sank 8 percent in October as the financial crisis prompted customers to hold off major purchases, the country's main auto industry group said Tuesday.
Comments Off AP - The number of people claiming unemployment benefits in Spain has jumped to 2.8 million, the highest since 1996, the government reported Tuesday in the latest devastating fallout from the international financial crisis.
Comments Off Reuters - Australia cut interest rates sharply on Tuesday, presaging expected reductions in Europe later this week, and EU leaders pressed for an overhaul of global market rules.
Comments Off