Archive for the 'Business in Europe' Category

Merkel surprised at warnings against regulation (AP)

AP - German Chancellor Angela Merkel said Friday she is "somewhat surprised" to hear warnings against too much regulation of financial markets before the global crisis has even been fully tamed.

AP

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Dollar lower, gold up in morning trading (AP)

AP - The U.S. dollar was lower against other major currencies in European trading Friday morning. Gold rose.

AP

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FTSE-100 up 157.85 points at 4,327.06 (AP)

AP - Share prices on the London Stock Exchange were up at midday Friday.

AP

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RAB Capital surges on cost savings, balance sheet (AP)

AP - Shares of RAB Capital PLC surged 29 percent Friday morning after the hedge fund announced it would save money by closing a number of troubled funds and revealed its balance sheet was stronger than analysts had expected.

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World leaders head for summit, euro zone in recession (Reuters)

Reuters - World leaders headed to Washington on Friday to try to find ways to tackle a global economic crisis that has plunged much of Europe into its first recession since the euro currency was formed.

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