Eurobusinessonline - News
Source: yahoo.com  11/3 8:25
Britain confronts debt of Greek proportions (AP)

Britain's Prime Minister Gordon Brown makes a major economical speech in London Wednesday March 10, 2010. Britain's economic recovery remains fragile, Brown warned Wednesday, as he paved the way for a national election by announcing the government's budget would be published in two weeks. (AP Photo/ Charlie Bibby/Financial Times/Pool)AP - Government debt is growing, as is the deficit. The economy is struggling to get out of recession and there is talk of spending cuts or higher taxes. The unions are on edge. And the currency is plummeting.


Euro rebounds, gains on dollar (AFP)

Bundled euro banknotes. The euro staged a modest turnaround against the dollar Wednesday in featureless trading as dealers looked for signals on prospects for the world economy and a proposed European monetary fund.(AFP/File/Philippe Desmazes)AFP - The euro staged a modest turnaround against the dollar Wednesday in featureless trading as dealers looked for signals on prospects for the world economy and a proposed European monetary fund.


FTSE 100 shares edge higher (AFP)

Leading shares closed higher on Wednesday in cautious trading as market players digested the latest batch of company results and awaited key US economic data later this week.(AFP/File/Ben Stansall)AFP - Leading shares closed higher on Wednesday in cautious trading as market players digested the latest batch of company results and awaited key US economic data later this week.


UK's Brown paves way for election with budget date (AP)
AP - Britain's economic recovery remains fragile, Prime Minister Gordon Brown warned Wednesday, as he paved the way for a national election by announcing the government's budget would be published in two weeks.
Portugal sells $1.34 billion worth of bonds (AP)
AP - Financially troubled Portugal raised euro990 million ($1.34 billion) Wednesday in a key bond auction that had more bids than bonds available, suggesting the government's austerity plan is easing market concerns about the country's ability to pay off its high debts.
Greek strike to shut down services Thursday (AP)

A stray dog takes a nap, as laid-off airline workers block a street in central Athens and block access to the Finance Ministry's General Accounting Office, Tuesday, March 9, 2010. Unions oppose a 4.8 billion euros ($6.5 billion) austerity package that will hike consumer taxes and slash pay for public sector workers by up to 8 percent. Greece's two largest unions are planning a nationwide 24-hour strike for Thursday. (AP Photo/Petros Giannakouris)AP - Greek unions will stage their second nationwide strike in a week on Thursday, shutting down all public services, closing schools, customs and tax offices, halting public transpo

European stocks edge ahead as investors await data (AFP)

Europe's leading stock markets nudged higher on Wednesday as traders awaited key US economic data and assessed the latest batch of company results.(AFP/File/Leon Neal)AFP - Europe's leading stock markets nudged higher on Wednesday as traders awaited key US economic data and assessed the latest batch of company results.


OECD: gov'ts must cut deficits, boost regulation (AP)
AP - Rich countries must strengthen financial market regulation and bring down their oversized government deficits, two of the biggest new challenges to have arisen from the global economic crisis, the OECD said Wednesday.
Dutch fine Fortis for false information (AP)
AP - Belgian insurer Fortis Holding said Wednesday that Dutch regulators fined it euro576,000 ($781,000) for giving incorrect information about the financial situation of Fortis bank, months before it nearly collapsed and sought government rescue.
German January exports up 0.2 percent on year (AP)
AP - Official data shows German January exports improved 0.2 percent compared with January 2009 but declined a sharp 6.3 percent from December.
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