Business in EuropeEuropean Economy Business Blog |
AFP - The London FTSE 100 index of leading shares was down 5.25 percent at 4,292.90 points in late trade on Thursday, as a huge cut in interest rates led investors to believe that Britain was set for a deep recession.
Comments Off AP - Spain is relying on European support in its diplomatic offensive to win an invitation to a Nov. 15 summit in Washington on the international financial crisis, an official in the prime minister's office said Thursday.
Comments Off AP - The European Central Bank cut its key interest rate by half a percentage point to 3.25 percent on Thursday and the Bank of England made an even more aggressive reduction of 1.5 percentage point in an effort to ease the financial crisis and boost their flagging economies.
Comments Off AP - The EU business lobby urged the European Union Thursday to drop anti-pollution plans that could increase costs for companies, saying the current financial crisis is already badly hurting their competitiveness.
Comments Off Reuters - The European Central Bank slashed interest rates by 50 basis points on Thursday, hoping to breathe life into the euro zone economy as it faces its first recession.
Comments Off