AP - Spain won an invitation to next week's global financial summit after receiving a major boost Friday with France urging the United States to include Madrid, European officials said.
AP
Continue reading about Spain expected to be at summit in US (AP)
AFP - An international summit next week in Washington should mark only the beginning of a global revamp of the financial order, EU leaders agreed Friday, calling for a second meeting in early spring.
AFP
Continue reading about EU leaders urge rapid results on financial reform (AFP)
AFP - The European Union is willing to offer crisis-struck Iceland a loan for an unspecified amount, but it will likely take a while for loan to go through, Iceland's prime minister said Friday.
AFP
Continue reading about EU ready to offer Iceland a loan, but it could take time: Reykjavik (AFP)
AP - Moody's Investors Service said Friday it had cut Hungary's foreign-credit rating by a one notch, from A3 from A2, as the global financial crisis challenged the country's ability to meet debt payments.
AP
Continue reading about Moody’s cuts Hungary’s foreign-credit rating to A3 (AP)
AP - Here are excerpts from an agreed statement issued by the 27 EU leaders after their meeting on Friday in Brussels, Belgium, held ahead of a 20-country summit next week in Washington:
AP
Continue reading about EU summit statement on financial crisis (AP)
AP - The U.S. dollar was mixed against other major currencies in late European trading Friday. Gold rose.
AP
Continue reading about Dollar mixed, gold down in Europe (AP)
AP - European Union leaders backed a 100-day deadline by which the world's leading economies should decide urgent global finance reforms, French President Nicolas Sarkozy said Friday.
AP
Continue reading about EU leaders: World has 100 days to fix system (AP)
AP - British Airways PLC on Friday reported a first-half net loss of 49 million pounds ($77 million), as record high oil prices and a global economic slowdown hit the airline's bottom line.
AP
Continue reading about BA shares soar 12 pct, despite $77 million 1H loss (AP)
AP - Wall Street and European stock markets rose Friday after two days of losses as stocks seemed excessively beaten down to some and U.S. unemployment data turned out better than the market's worst fears.
AP
Continue reading about World markets recover after two-day losing streak (AP)
AFP - London shares closed sharply higher Friday, getting a boost from gains on Wall Street as investors bet that a very weak US jobs report would prompt more interest rate cuts.
AFP
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