Archive for the 'Business in Europe' Category

Grim reality hits global stocks (Reuters)

Reuters - European stocks followed Asia into sharp declines on Thursday and oil extended losses as weak U.S. data intensified fears about the impact of recession in major economies hit by the worst financial crisis in 80 years.

Reuters

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Randstad reports 20 percent fall in 3Q net profit (AP)

AP - Dutch staffing company Randstad NV said Thursday third quarter profit fell 20 percent as fewer companies hired temps in the face of an economic downturn.

AP

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Old Mutual’s 3Q sales fall 4 pct, hit by slowdown (AP)

AP - Third-quarter sales at insurer Old Mutual fell by 4 percent from a year ago as the global economic slowdown eroded demand for life insurance around the world, the company said Thursday.

AP

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Stocks plunge 2.62% when trading begins (AFP)

AFP - The London stock market slumped by 2.62 percent to 4,412.22 points on the FTSE 100 index when trading began on Thursday in the wake of sharp falls for share prices in New York and across Asia.

AFP

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World markets cash in on Obama win (AP)

AP - Most world markets traded lower Wednesday despite strong gains in Asia overnight as investors booked profits after Barack Obama won the U.S. presidential election and the Democrats took a firmer hold on Congress.

AP

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