Business in EuropeEuropean Economy Business Blog |
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 - The U.S. dollar was lower against other major currencies in European trading Friday morning. Gold rose.
AP - Share prices on the London Stock Exchange were up at midday Friday.
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.
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.