|
Select
Example Headline of Genre for Date
Old Mutual's 3Q sales fall 4 pct, hit by slowdown
AP - Third-quarter sales at insurer Old Mutual fell by 4 percent from a year ago as the global economic slowdown eroded demand for life insurance around the world, the company said Thursday.
Iceland keeps interest steady at 18 pct
AP - Iceland's central bank held its benchmark interest rate steady at a record 18 percent on Thursday, adding that it expects a decision on help from the International Monetary Fund soon.
France's Lagarde cuts outlook for 2009 GDP growth
AP - France slashed its forecast for economic growth next year, as Finance Minister Christine Lagarde on Thursday told lawmakers the economy could stagnate because of the global financial crisis.
UN: Cereal output rises but prices may surge
AP - World cereal production is expected to hit a record high this year, but the global financial turmoil could trigger a new price surge and unleash more severe food crises, a U.N. agency said Thursday.
EasyJet passenger numbers rise 18 percent in Oct
AP - EasyJet PLC, Europe's second largest discount airline, said Thursday it carried 18 percent more passengers this October than it did in the same month last year, helped by acquisitions of rivals in the face of an economic downturn.
BoE slashes interest rates to 3 percent
AP - The Bank of England slashed its benchmark interest rate by 1.5 percentage points on Thursday, a bold cut that far exceeded economists' expectations and reflected fears that Britain is headed for a prolonged, deep recession.
Czech central banks cut key rate to 2.75 percent
AP - The Czech Republic's central bank said Thursday it had slashed its key interest rate by three-quarter percentage point to 2.75 percent. The move comes as the Czech economy is slowing down as a result of the world's financial turmoil.
Hungary to give banks $3 billion capital boost
AP - Hungarian financial authorities say they are ready to provide local banks up to 600 billion forints ($3 billion, 2.3 billion euros) to boost banks capital and help them refinance debts.
Dollar mostly up, gold down in morning trading
AP - The U.S. dollar was mostly higher against other major currencies in European trading Thursday morning. Gold fell.
European, British central banks cut rates
AP - The European Central Bank cut its key interest rate by half a percentage point to 3.25 percent on Thursday and the Bank of England made an even more aggressive reduction of 1.5 percentage point in an effort to ease the financial crisis and boost their flagging economies.
EU business lobby opposes pollution fees plan
AP - The EU business lobby urged the European Union Thursday to drop anti-pollution plans that could increase costs for companies, saying the current financial crisis is already badly hurting their competitiveness.
ECB cuts rates by 50 basis points, more action expected
Reuters - The European Central Bank slashed interest rates by 50 basis points on Thursday, hoping to breathe life into the euro zone economy as it faces its first recession.
Britons registered 23 pct fewer new cars in Oct.
AP - Britons registered 23 percent fewer new cars this October than they did in the same month last year as the economic downturn discouraged people from buying new cars, Britain's car manufacturing society said Thursday.
Iceland bank failure may cost UK Treasury $1.3 bn
AP - The British government has set aside 800 million pounds ($1.3 billion) for British savers who lost their money when Icelandic-owned Internet bank Icesave collapsed last month, the Treasury announced Thursday.
Spain pushing EU to get financial summit invite
AP - Spain is relying on European support in its diplomatic offensive to win an invitation to a Nov. 15 summit in Washington on the international financial crisis, an official in the prime minister's office said Thursday.
European banks cut rates as recession looms
AP - The Bank of England slashed its key interest rate by 1.5 percentage points Thursday to its lowest in more than 50 years in a dramatic bid to cushion the coming recession, while the European Central Bank settled for a more conservative half-point trim.
Spain tries to win invite to summit in US
AP - Spain, pressing for an invitation to next week's global financial crisis summit in Washington, has won French support to attend as an observer, officials said Thursday.
Scottish special election a test for UK's Brown
AP - A special election Thursday in Scotland is being seen as a measure of whether Prime Minister Gordon Brown's handling of the global financial crisis has raised his popularity.
| 
