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CompareCC News Archive Listing for International during 2008-11-17.
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Euro drifts lower against dollar
 
AP - The euro and the pound drifted lower against the U.S. dollar in European trading on Monday after a summit of world leaders in Washington failed to provide specific guidelines to ease the global financial crisis.
UK economy to shrink 1.7 pct in 2009, says CBI
 
AP - Britain's recession will be longer and deeper than previously thought, the country's largest business lobby group said Monday.
Turkish joblessness rises, consumer optimism falls
 
AP - Turkey's economy felt the impact of the global financial crisis as official figures released Monday showed consumer optimism plummeting and unemployment rising.
Euro-zone trade deficit swells in September
 
AP - The euro-zone swung to a trade deficit of 5.6 billion euros ($7.1 billion) in September from a 2.9 billion euro surplus last year as euro nations imported far more than they sold abroad, the EU statistics agency Eurostat said.
Iceland guarantees some deposits to secure loan
 
AP - The British government said Monday it would welcome the Icelandic government guaranteeing British savers' deposits in collapsed internet bank Icesave, while Iceland said its plan to reimburse up to euro21,000 ($26,600) per depositor would help clear the way for an agreed $2.1 billion loan from the International Monetary Fund.
US dollar mostly higher in Europe
 
AP - The U.S. dollar was mostly higher against other major currencies in European trading Monday morning. Gold fell.
German officials to discuss Opel guarantee
 
AP - General Motors Europe said Monday it was seeking euro1 billion ($1.25 billion) in loan guarantees from the German government for its subsidiary Adam Opel GmbH because the company expected difficult credit conditions on the open market due to the world financial crisis.
Britain's economic outlook worsens
 
AP - The recession in Britain will be longer and deeper than first thought, the country's leading business lobby warned Monday, as a separate survey showed that falls in house prices are picking up pace.
Romania proposes measures to fight economic crisis
 
AP - Romania's Prime minister Calin Popescu Tariceanu on Monday proposed lowering taxes and injecting over $12.6 billion (10 billion euros) in the economy over the next four years to support the country through the financial crisis.
US bank lending rates up for 3rd day running
 
AP - Dollar lending rates between banks rose for the third day running Monday after last week's turnabout by U.S. Treasury Secretary Hank Paulson on the $700 billion U.S. financial rescue program fostered renewed uncertainty in credit markets.
Iceland guarantees deposits to get loans
 
AP - Iceland moved to secure $6 billion in loans to refloat its collapsed financial system as Britain said Monday it would welcome a government promise to guarantee its citizens' deposits in collapsed internet bank Icesave.
Developing nations hail G20 summit outcome
 
AFP - Officials from EU and developing nations on Monday hailed the results of a crisis summit of world leaders while expressing concern at the impact of the economic strife on the world's poorest.
Antwerp hosts emergency diamond talks amid slump
 
AP - More ads, less gems: Top producers crafted emergency plans Monday to make sure that diamonds remain a girl's best friend this Christmas, despite the economic gloom.
Merkel: Opel guarantee not yet certain
 
AP - Chancellor Angela Merkel said Monday after meeting with leaders of Adam Opel GmbH that it was 'not yet determined' whether the automaker would be given euro1 billion ($1.25 billion) in loan guarantees from the German government.

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