|
Select
Example Headline of Genre for Date
Russia and EU move closer on finance reform
AFP - Russia's President Dmitry Medvedev meets EU leaders on Friday to hammer out proposals to put to a global summit on the international financial turmoil.
Euro rises on dollar to $1.2744
AP - The euro rose against the dollar on Friday as investors looked toward a Group of 20 meeting in Washington this weekend on hopes of help for the world economy.
France posts postive GDP in third quarter
AP - French Finance Minister Christine Lagarde says France's gross domestic product grew by 0.14 percent in the third quarter, avoiding the technical definition of a recession.
Euro zone in recession, leaders head for summit
Reuters - Recession has struck much of Europe, data showed on Friday, confirming a widespread economic downturn that world leaders hope to tackle at a weekend summit in Washington.
Serbia reaches deal with IMF
AP - Serbia said Friday it has reached a deal with the International Monetary Fund to get a loan in case of emergencies to counter the global financial crisis and increase the Balkan country's credit worthiness.
Reports: RBS to cut 3,000 jobs globally
AP - Royal Bank of Scotland will cut around 3,000 jobs worldwide over the next several weeks to reduce costs amid the global financial crisis, according to British media reports.
EU: Euro-zone in recession
AP - The European Union says the 15 countries that use the euro are recession as figures show their economy shrank for two quarters in a row because of the financial crisis and falling demand.
Italian economy slides into recession
AP - Government data show that the Italian economy is officially in recession. Europe's fourth-largest economy recorded negative growth for the second consecutive quarter in the third quarter.
Dollar lower, gold up in morning trading
AP - The U.S. dollar was lower against other major currencies in European trading Friday morning. Gold rose.
RAB Capital surges on cost savings, balance sheet
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.
EU, Russia seek to put ties back on track
Reuters - European and Russian leaders sought common ground on Friday on tackling the global financial crisis despite divisions over Georgia and European concerns about security and energy supplies from Russia.
EU approves Italian, Finnish bank rescue plans
AP - The European Commission gave its approval Friday to rescue plans drafted by Italy and Finland to help stabilize their national financial markets.
Car maker Opel seeking help from German govt
AP - A spokesman for automaker Adam Opel GmbH, which is owned by General Motors, says the company will seek help from the German government as the financial crisis grips European car makers.
Russia gives $2 billion loan to Belarus
AP - Cash-strapped Belarus will receive a $2 billion loan from Russia to help stabilize its struggling, Soviet-style economy, the government said Friday.
Merkel surprised at warnings against regulation
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.
British bankruptcies increase in 3Q
AP - The number of British people petitioning for bankruptcy jumped 7 percent in the third quarter, while company failures rose 13 percent, as the financial crisis hiked the cost of loans, Britain's Ministry of Justice reported Friday.
Sarkozy urges U.S., Russian missile freeze
Reuters - French President Nicolas Sarkozy said he won Russian backing on Friday for talks on security in Europe next year and urged a freeze in missile deployments by Moscow and the United States until then.
Putin urges Russian-Ukrainian economic cooperation
AP - Russia and Ukraine should coordinate efforts in facing the global economic turmoil, given that enterprises in the two former Soviet republics were still economically linked, Russian Prime Minister Vladimir Putin said Friday.
US dollar mixed, gold higher in European trading
AP - The U.S. dollar was mixed against other major currencies in European trading Friday. Gold rose.
France skirts recession
AP - France's economy grew 0.1 percent in the third quarter, the national statistics agency said Friday, just enough to permit the euro zone's second largest economy to avoid entering a recession.
Renault to cut inventories amid sales plunge
AP - French automaker Renault said Friday it will cut production at five sites after sales in October plunged more than 14 percent from a year earlier amid fallout from the financial crisis.
Investor group questions Barclays' Gulf cash deal
AP - There is growing skepticism about whether Britain's Barclays bank made the right decision in raising money from Middle Eastern investors rather than the British government to survive the financial crisis.
Lehman Brothers creditors meet in London
AP - Administrators of the European arm of failed investment bank Lehman Brothers Holdings Inc. said Friday that untangling its financial dealings will be a much bigger — and far lengthier — task than dealing with the fallout of the collapse of energy company Enron Corp.
Bulgaria: Growth slows to 5.6 percent in 3Q
AP - Bulgaria's rapid economic growth cooled to a 5.6 percent rate in the third quarter compared with a year earlier, down from a 7.1 percent in the second quarter, the statistics service said Friday.
British air force mission to Iceland scrapped
AP - A planned Royal Air Force mission to police Iceland's airspace has been called off amid a diplomatic feud triggered by the global financial crisis, Britain and Iceland said Friday.
| 
