AFP - The economy of the 15 nations sharing the euro has slumped into recession for the first time ever, EU data released Friday revealed, with GDP falling 0.2 percent in the second and third quarters.
AFP
Continue reading about Eurozone sinks into recession for first time (AFP)
AP - European and Asian markets spiked higher Friday after hefty day-earlier gains on Wall Street as investors bought up heavily sold-off stocks ahead of key U.S. economic data later.
AP
Continue reading about World stocks rally after Wall Street surge (AP)
Reuters - European and Russian leaders sought common ground on Friday on tackling the global financial crisis despite divisions over Georgia and European concerns about security and energy supplies from Russia.
Reuters
Continue reading about EU, Russia seek to put ties back on track (Reuters)
AP - The 15 countries that use the euro are officially in a recession, the European Union said Friday, as their economies shrank for a second straight quarter because of the world financial crisis and sinking demand.
AP
AP - The European Commission gave its approval Friday to rescue plans drafted by Italy and Finland to help stabilize their national financial markets.
AP
Continue reading about EU approves Italian, Finnish bank rescue plans (AP)
AP - Dexia, the world's biggest lender to local authorities, reported Friday it swung to a loss of 1.5 billion euros ($1.88 billion) in the third quarter as the financial crisis took its toll on investments, and announced it would sell some of its U.S. businesses.
AP
Continue reading about Dexia swings to 1.5 billion euro 3Q loss (AP)
Reuters - Recession has hit much of Europe, data showed on Friday, confirming a widespread economic downturn that world leaders hope to tackle at a weekend summit in Washington.
Reuters
Continue reading about Euro zone in recession as leaders head for summit (Reuters)
AFP - The economy of the 15 nations sharing the euro has slumped into recession for the first time ever, EU data released Friday revealed, with GDP falling 0.2 percent in the second and third quarters.
AFP
AP - Asian and European markets gained in the wake of Wall Street's overnight surge as investors bought up beaten-down shares and world leaders gathered in Washington to discuss ways to tackle the global financial crisis.
AP
Continue reading about World stock markets gain ahead of global summit (AP)
AP - Royal Bank of Scotland will cut around 3,000 jobs worldwide over the next several weeks to reduce costs amid the global financial crisis, according to British media reports.
AP
Continue reading about Reports: RBS to cut 3,000 jobs globally (AP)
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