|
Select
Example Headline of Genre for Date
Eurozone economy to contract 1.9% in 2009: EU
AFP - The economy of the 16 nations using the euro will contract 1.9 percent this year as unemployment surges and government deficits explode in the midst of a severe recession, the European Commission forecast on Monday.
ECB sees 2009 growth substantially below forecasts
AP - European Central Bank President Jean-Claude Trichet says global economic growth this year will be 'substantially below' forecasts made only about a month ago.
Pearson shares rally after upbeat trading update
AP - Shares in Pearson PLC, the owner of the Financial Times newspaper and Penguin books, rallied around 5 percent after the company indicated profits for 2008 would be ahead of market expectations despite the difficult economic environment.
Europe to suffer deep recession, surging unemployment
AFP - The EU economy will shrink nearly 2.0 percent this year as a severe recession drives unemployment and government deficits to levels not seen for years, the European Commission forecast Monday.
EU clears French, Portuguese aid to small firms
AP - The European Union on Monday cleared French and Portuguese requests to provide aid of up to euro500,000 ($660,000) to small firms hit by the financial crisis.
Russia: arms sales to Georgia will draw sanctions
AP - President Dmitry Medvedev has ordered the Russian government to introduce economic sanctions against countries supplying weapons to Georgia.
Denmark's FLSmidth trims 600 jobs
AP - Denmark-based engineering company FLSmidth said Monday it is reducing its work force by 6 percent, or 600 employees, because of the global economic downturn.
Hungary's central bank cuts key interest rate
AP - The National Bank of Hungary reduced its key interest rate to 9.5 percent from 10 percent on Monday, its fourth half-percentage point cut in less than two months, as it seeks to shore up its ailing economy.
US dollar rises in Europe
AP - The U.S. dollar was up against other major currencies in European trading Monday. Gold fell.
Euro ministers urge banks to loosen lending
AP - Euro-zone finance ministers urged banks on Monday to do their job and keep lending, warning that tight credit conditions could hold back government efforts to stoke growth.
Euro under pressure after dire EU forecasts
AFP - The euro was under pressure late Monday, slipping back against the dollar after the European Union warned its economy faced a severe recession which will stretch government budgets to the limit.
Eurozone will not break up due to crisis: EU
AFP - The death of the eurozone has been grossly exaggerated despite growing strains in the bond markets, where governments are raising the billions to pay for economic recovery plans, a top EU official insisted on Monday.
Plans for shake-up of Guinness brewing put on hold
AP - The parent company of Irish beer icon Guinness announced Monday it may change or abandon plans to reform production in Ireland and open a new state-of-the-art brewery because of the struggling global economy.
EU trade chief calls for further WTO efforts
AP - The European Union's trade chief called Tuesday for more effort in world trade talks, saying that increased commerce has a role to play in spurring the slumping global economy.
| 
