Business in Europe

Austria: Former Finance Minister dies at 85

admin — Sun, 16 Nov 2008 11:22:10 +0000

AP - Wolfgang Schmitz, former Austrian finance minister and president of the country's central bank, died early Sunday, his People's Party said in a statement. He was 85.

EU faces recession threat

admin — Sat, 15 Nov 2008 21:25:56 +0000

AP - European Commission President Jose Manuel Barroso said Saturday that Europe's biggest threat is recession and countries should be allowed leeway in running up deficits.

Senior UK politician warns of run on the pound

admin — Sat, 15 Nov 2008 17:20:16 +0000

AP - Britain's government risks seeing the value of its currency collapse unless public borrowing is kept under control, one of the country's senior opposition politicians said in an interview published Saturday.

Sweden: banks may have to join guarantee scheme

admin — Sat, 15 Nov 2008 14:48:35 +0000

AP - Sweden's financial markets minister is warning that the government's bank guarantee scheme could become compulsory for the Nordic country's main banks unless more of them sign up for it.

Dutch PM leaves economic summit after father dies

admin — Sat, 15 Nov 2008 12:15:21 +0000

AP - The Netherlands' prime minister has left the economic summit in Washington following the death of his father, his office said Saturday.

British air force mission to Iceland scrapped

admin — Fri, 14 Nov 2008 19:50:17 +0000

AP - A planned Royal Air Force mission to police Iceland's airspace has been called off amid a diplomatic feud triggered by the global financial crisis, Britain and Iceland said Friday.

Putin urges Russian-Ukrainian economic cooperation

admin — Fri, 14 Nov 2008 17:36:06 +0000

AP - Russia and Ukraine should coordinate efforts in facing the global economic turmoil, given that enterprises in the two former Soviet republics were still economically linked, Russian Prime Minister Vladimir Putin said Friday.

US dollar mixed, gold higher in European trading

admin — Fri, 14 Nov 2008 16:45:53 +0000

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

FTSE 100 up 63.76 points at 4,232.97

admin — Fri, 14 Nov 2008 16:44:10 +0000

AP - Share prices were higher Friday on the London Stock Exchange.

France skirts recession

admin — Fri, 14 Nov 2008 16:32:00 +0000

AP - France's economy grew 0.1 percent in the third quarter, the national statistics agency said Friday, just enough to permit the euro zone's second largest economy to avoid entering a recession.