AP - Britons may be reeling from the international financial crisis, but few are crying into their beer.
AFP - The London stock market hit a five-year trough Monday as the market continued to digest news that the economy was on the brink of recession after negative growth in the third quarter.
AFP - Europe's biggest economy has seriously hit the skids, a key survey showed on Monday, leading analysts to forecast a German recession well into next year.
AP - A leading German economist apologized Monday for drawing a much-criticized parallel between corporate managers today and the Nazi-era persecution of Jews that followed the 1929 financial crisis.
AP - Lending rates among banks in the U.S. and Europe have edged barely lower Monday, suggesting concerns over global economic growth are keeping credit conditions tight.
AP - Deutsche Post AG slashed its earnings forecasts for both 2008 and 2009 on Monday, saying it expects pretax profit to fall 8 percent in the third quarter as the financial crisis takes its toll.
AP - British Prime Minister Gordon Brown said Monday he planned to increase government spending by borrowing more to cushion the country's fall into recession.
AFP - Europe's biggest economy has seriously hit the skids, a key survey showed on Monday, leading analysts to forecast a German recession well into next year.
Reuters - Hungary has reached agreement with the International Monetary Fund and the European Union on a broad economic rescue package, including substantial financing, steadying its battered currency on Monday.
AFP - The London stock market slumped by more than five percent on Monday, as recession fears deepened, with the FTSE 100 index of top shares down 5.62 percent at 3,665.21 points.
Recent Comments