Archive for the 'Business in Europe' Category

Serbia reaches deal with IMF (AP)

AP - Serbia said Friday it has reached a deal with the International Monetary Fund to get a loan in case of emergencies to counter the global financial crisis and increase the Balkan country's credit worthiness.

AP

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Italian economy slides into recession (AP)

AP - Government data show that the Italian economy is officially in recession. Europe's fourth-largest economy recorded negative growth for the second consecutive quarter in the third quarter.

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World leaders head for crisis summit as economies slide (Reuters)

Reuters - World leaders headed to Washington on Friday to discuss ways to protect the global economy from a repeat of the worst financial crisis in 80 years.

Reuters

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Russia and EU move closer on finance reform (AFP)

AFP - Russia's President Dmitry Medvedev meets EU leaders on Friday to hammer out proposals to put to a global summit on the international financial turmoil.

AFP

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Euro rises on dollar to $1.2744 (AP)

AP - The euro rose against the dollar on Friday as investors looked toward a Group of 20 meeting in Washington this weekend on hopes of help for the world economy.

AP

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