Eurobusinessonline - News
Source: yahoo.com  4/9 9:25
Experts see trouble ahead for developed world (AP)

Israeli President Shimon Peres, center, arrives for the 'Intelligence on the World, Europe, and Italy' economic forum, at Villa d'Este, in Cernobbio, on Lake Como, Italy, Friday, Sept. 3, 2010. (AP Photo/Luca Bruno)AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.


European stocks soar on US data; dollar breaches 85 yen (AFP)

A trader sits in front of a board displaying the German share index DAX at the stock exchange in Frankfurt. European equities surged on Friday and the dollar jumped above 85 yen as financial markets welcomed a better-than-expected payrolls report in the US.(AFP/DDP/File/Martin Oeser)AFP - European equities surged on Friday and the dollar jumped above 85 yen as financial markets welcomed a better-than-expected payrolls report in the United States.


Swedish bank Carnegie buys troubled competitor (AP)
AP - Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week.
EU reaches deal on cross-border financial supervisors (AFP)

Europe took a big step closer to its goal of creating cross-border financial supervisors, reaching a AFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector blamed for the global recession.


Romanian PM shakes up cabinet (AP)

FILE - In this file picture taken on Tuesday, Oct. 13, 2009, Romanian Premier Emil Boc, center, speaks to media shortly after his government failed in a confidence vote in Bucharest, Romania. Romania's unpopular government appeared to be on the brink of collapse on Thursday Sept. 2, 2010, after premier Emil Boc fired four Cabinet ministers, with the economy minister also saying he wants to quit. Romania is mired in its worst recession of the past two decades and the government slashed public sector wages by a quarter and hiked sales tax from 19 to 24 percent on July 1 to reduce the budget deficit. (AP Photo/Vadim Ghirda, File)AP -

German car exports up 12 percent in August (AP)
AP - German car exports kept growing in August as a healthier global economy fueled sales abroad, helping push up production, an industry group said Thursday.
European stocks drop before ECB rate call (AFP)

File photo of a trader at the Frankfurt stock exchange. European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.(AFP/DDP/File/Martin Oeser)AFP - European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.


Driven by Germany, Europe posts 1% growth (AFP)

A smelter works with raw iron on a Salzgitter blast furnace in Salzgitter, Germany, in March. Europe's economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half.(AFP/DDP/File/Nigel Treblin)AFP - Europe's economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half.


Global stocks hit two-week high on manufacturing optimism (Reuters)

People are reflected in a stock index board outside a brokerage in Tokyo August 31, 2010. REUTERS/Kim Kyung-HoonReuters - World stocks hit a two-week high on Thursday and oil prices rose as optimism from strong U.S. and Chinese manufacturing data extended into a second day ahead of a euro zone interest rate decision and key U.S. jobs data.


Swiss economy grew 0.9 percent in second quarter (AP)
AP - Official figures show that Switzerland's economy grew by 0.9 percent in the second quarter compared with the first three months of the year, largely on the back of higher domestic demand and corporate investments.
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