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Euro News

Is Gordon a moron? Wednesday, August 20, 2008 @ 1:38PMLondon - The global economic downturn has inspired one British property boss to cite Bob Dylan to describe the market turmoil - and triggered a debate about other songs evoking the credit crunch crisis.
Scooter Rundown: Best Fits From Tall To Small Wednesday, August 20, 2008 @ 1:30PMRecord numbers of Americans are getting out of their cars and hopping onto scooters, spurred by high gas prices and concern for the environment. But with many options and styles to choose from, picking the right ride can be tricky.
American Capital Realizes $57 Million Gain from Sale of Contec Wednesday, August 20, 2008 @ 1:19PM American Capital, Ltd. announced today that it realized a gain of $57 million from the sale of Contec Holdings, Ltd. in the third quarter of 2008.
Live text - Wednesday football Wednesday, August 20, 2008 @ 1:18PMEngland face the Czech Republic, while Scotland host N Ireland and Wales take on Georgia.
Zenit Close Door On Arshavin Switch Wednesday, August 20, 2008 @ 1:09PMZenit St Petersburg have ruled out selling striker Andrei Arshavin to Tottenham.
The Answer Man Wednesday, August 20, 2008 @ 1:06PMSpurs had already turned their attentions away from the player who impressed for Russia at Euro 2008, having failed to agree a fee with Zenit for the 27-year-old playmaker.
BAA: Fight And Flight Wednesday, August 20, 2008 @ 1:06PMSpanish owner will delay British breakup recommendations as it spruces up airports for eventual sale.
EU "reinforces commitment" to Palestinians with 40 million euroscrapo Wednesday, August 20, 2008 @ 6:35AMBRUSSELS, Aug 20, 2008 (AFP) - The EU has given an extra 40 million euros (59 million dollars) to the Palestinian authority to help ensure public services, the European Commission announced Wednesday.
Currencies: Dollar rebounds, markets eye global weakness Wednesday, August 20, 2008 @ 6:33AMWorries about growth outside the United States allowed the dollar to rebound Wednesday, sending the euro back toward six-month lows against the greenback and lifting the U.S. unit against most major counterparts.
US dollar, gold rise in European trading Wednesday, August 20, 2008 @ 6:32AM(AP:LONDON) The U.S. dollar was higher Wednesday morning against other major currencies in European trading. Gold prices rose. The 15-nation euro fell to $1.4701 from $1.4768 late Tuesday in New York.
Higher prices and sales boost Suntech 2Q profit Wednesday, August 20, 2008 @ 6:31AM(AP:NEW YORK) Chinese solar cell maker Suntech Power Holdings Co. Ltd. said Wednesday its second-quarter profit climbed 58 percent, as production capacity increased and demand and currency exchanges led to greater sales.
QUICK POLL Wednesday, August 20, 2008 @ 6:30AMTIRANA, ALBANIA-Colliers International Albania expects to have the first letters of intent in hand by February 2009 for the 18,000 m2 [193,750.3 sf] Millennium Business Center, a spec office project rated as a true class A by international standards.
(AFX UK Focus) 2008-08-20 11:59 Czech c.banker: too early to analyse rate cut impact Wednesday, August 20, 2008 @ 6:30AMPRAGUE, Aug 20 (Reuters) - Czech central bank Vice-Governor Miroslav Singer said on Wednesday it was too early to say if a 25 basis point rate cut earlier in August was sufficient, and the next policy moves will depend on a variety of domestic and external factors.
Russia face Holland in Euro 2008 rematch Wednesday, August 20, 2008 @ 6:27AMMOSCOW, August 20 (RIA Novosti) - Two months on from their 3-1 victory over Holland at Euro 2008, Russia are to take on the Dutch again Wednesday - this time in Moscow in a friendly ahead of the start of the 2010 World Cup qualifiers.
Oil steady ahead of inventory report Wednesday, August 20, 2008 @ 6:25AMOil prices were little changed early Wednesday as investors awaited a weekly crude inventory report for evidence an economic slowdown in the U.S. is cutting consumer demand for oil products such as gasoline.
US stocks drop on producer prices, more housing woes Tuesday, August 19, 2008 @ 5:51PMWashington - US stocks declined Tuesday after producer prices surged and housing construction plummeted by the most in 17 years, prompting investor concerns that the United States has entered a prolonged period of low growth and high inflation. Whole...
Business Highlights Tuesday, August 19, 2008 @ 5:45PMWASHINGTON (AP) _ Wholesale inflation soared in July, leaving prices rising at the fastest pace in nearly three decades.
Gold prices rise for 2nd day on weaker dollar Tuesday, August 19, 2008 @ 5:45PMNEW YORK—Gold prices traded higher for a second day Tuesday after the dollar lost ground against the euro, boosting demand for precious metals as inflation hedge. Silver and copper also rose.
(AFX UK Focus) 2008-08-19 23:36 NZ dollar holds ground above $0.71, debt flat Tuesday, August 19, 2008 @ 5:43PMWELLINGTON, Aug 20 (Reuters) - The New Zealand dollar held its ground close to 10-day highs on Wednesday as lingering concerns about the health of the U.S. financial sector sent the U.S. dollar lower.
Euro options: Ex-Sun Giricek will play in Turkey Tuesday, August 19, 2008 @ 5:41PMGordan Giricek became the latest NBA player to take a bigger payday in Europe on Tuesday.
Dollar making comeback in Europe Tuesday, August 19, 2008 @ 5:41PMFor months, cost-conscious Americans have been avoiding Europe, scared off by a plunging U.S. dollar that has made everything from Cokes to cabs more expensive. Recently, the almighty greenback has been making a comeback. A stronger dollar means Americans will pay less for imported items, from clothes to cars, and less for hotel rooms and meals in London, Paris and Rome. But it also means U.S. ...
Business Highlights Tuesday, August 19, 2008 @ 5:40PM Wholesale inflation soared in July, leaving prices rising at the fastest pace in nearly three decades. While recent declines in oil and other commodity prices raise hopes inflation may have peaked, some economists worry about the widespread nature of the July price surge and caution it will take more time for that pressure to ease on Wall Street and Main Street.
Slowdown is truly global Tuesday, August 19, 2008 @ 5:36PMA couple had been married for 20 years but every time they made love, the husband insisted on turning off the light. After 20 years, the wife felt this was ridiculous, so one night, while they were in the middle of a wild, screaming session, she turned on the lights.
Aug 18 - Open: Strong showing lifts NZD to two-month high vs Aussie Sunday, August 17, 2008 @ 4:03PMThe New Zealand dollar had a strong weekend, gaining on the major trading currencies and rising to its highest level in more than two months against the Australian dollar.
Feeble dollar sends Americans to European hostels Sunday, August 17, 2008 @ 3:46PMBRUSSELS, Belgium -- The tumbling U.S. dollar is forcing a new experience on many Americans traveling through Europe: a stay in a youth hostel. With prices as low as $31 in some of Europe’s most expensive cities — and luxury options such as digital camera chargers for hire — hostels are shedding their image of bedbug-ridden dorm rooms and mildewed showers.
Knitting gains Sunday, August 17, 2008 @ 3:31PMAn integrated model, increased capacities and a larger share of high margin garments will help KPR Mill grow and combat margin pressure. Readers would agree with Jean Jacques Rousseau, who said that “patience is bitter, but its fruit is sweet”.
IIFCL to raise $1.2 billion from foreign lenders Sunday, August 17, 2008 @ 3:28PMIndia Infrastructure Finance Company (IIFCL), the special purpose vehicle floated by the government, has approached international lenders, including a consortium of Japanese banks, to raise over $1.2 billion (about Rs 5,040 crore) debt.
(AFX UK Focus) 2008-08-17 16:41 Schaeffler says it wants Continental CEO Wennemer to stay, denying report Sunday, August 17, 2008 @ 10:59AMFRANKFURT (Thomson Financial) - Schaeffler Group wants Continental AG. chief executive Manfred Wennemer to keep his post after the planned takeover of the tyre and automotive parts maker, a Schaeffler spokesman said, denying a report in German weekly Focus.
U.S. travelers in Europe test hostel environment Sunday, August 17, 2008 @ 10:02AMThe tumbling U.S. dollar is forcing a new experience on many Americans traveling through Europe: a stay in a youth hostel.
Malta fourth with highest cost of living in Euro area Friday, August 15, 2008 @ 12:51PMThe record inflation rate of 5.6 per cent has placed Malta among the first four countries with the highest inflation rate among the 15 member states in the Euro area.
Sunderland Linked To Chiellini Again Friday, August 15, 2008 @ 12:50PMChiellini has developed into one of the best defenders not only in Serie A, but also in Europe, over the past 12 months, and he was absolutely outstanding for Italy at Euro 2008.
British tourists cut by 19% Friday, August 15, 2008 @ 12:49PM The British publication the Daily Mail has reported that Malta is one of the destinations that have suffered as a result of increasing holiday prices. The average two-week holiday for a family of four has increased by up to £400 compared with 2007, while the average price of a week-long holiday for an adult has risen by up to £70 on last year.
Breath-Taking Collapse Friday, August 15, 2008 @ 12:44PMThe speed and volatility of credit and share markets’ collapse this week has been astounding. While tout TV, international banksters and market manipulators did their level best to hide it, prime supports are caving-in with scary rapidity.
Oil falls to $112 on global demand worries Friday, August 15, 2008 @ 12:44PMNEW YORK (Reuters) - Oil dropped more than $2 to $112 a barrel on Friday on growing concerns about demand in industrialized nations and the stronger dollar.
(AFX UK Focus) 2008-08-14 11:50 German shares higher midday on solid Q2 co figures and as Wall St. seen stronger Thursday, August 14, 2008 @ 6:15AMFRANKFURT (Thomson Financial) - Germans shares were higher in midday trade as a raft of predominantly solid company quarterly earnings results along with an anticipated higher opening on Wall Street pushed German indices higher, rebounding from two days of declines.
(AFX UK Focus) 2008-08-14 11:54 TUI still prefers sale of Hapag-Lloyd to other options - CFO UPDATE Thursday, August 14, 2008 @ 6:14AM(Updates to add CFO comments on freight rates, full-year shipping sales)
Domenech Forces Frey To Quit Too Thursday, August 14, 2008 @ 6:13AMFrey is widely regarded as one of the best goalkeepers, in Europe, but despite this he has been constantly overlooked by France coach Raymond Domenech, winning just two caps.
Swiss franc pares early gains versus pound and euro Thursday, August 14, 2008 @ 6:11AM(RTTNews) - The Swiss franc pared the Asian session gains against the pound and the franc during early European deals on Thursday. The Swiss currency thus fell from new multi-week high against the pound.
Oil rises on falling inventories Thursday, August 14, 2008 @ 6:11AM Tighter U.S. gasoline supplies propelled oil prices upward for the second day Thursday with crude moving above the $116 a barrel mark.
(UPDATE) Peso dives as global growth concerns persist Thursday, August 14, 2008 @ 6:10AMSINGAPORE -- The Philippine peso was the top loser in Asia on Thursday as renewed global growth concerns helped the US dollar resume its broad rally while a rise in oil prices weighed on the region.
EU: Euro economy shrinks in second quarter Thursday, August 14, 2008 @ 6:10AMEuro-zone growth braked sharply in the second quarter as major economies Germany, France and Italy shrank, EU statistics showed Thursday, with high fuel and food prices holding back consumer spending. Growth in the 15 economies that share the euro currency contracted by 0.2 percent from the first quarter, expanding just 1.5 percent from the same period a year ago, the EU statistical agency ...
FOREX: Ringgit Ends Lower Against US Dollar Thursday, August 14, 2008 @ 6:05AMKUALA LUMPUR, Aug 14 -- The ringgit closed lower against the U.S. dollar Thursday amid light commercial interest for the local unit from foreign and local traders, dealers said.
Wednesday Wednesday, August 13, 2008 @ 6:31AMKUALA LUMPUR, Aug 13 (Bernama) -- The ringgit ended higher against the US dollar Wednesday on the back of steady commercial demand from foreign and local traders, dealers said.
Goldman Group Said to Bet $1.5 Billion on Private Equity Market Wednesday, August 13, 2008 @ 6:31AMSo what were ABN Amro’s private equity assets worth to the Goldman Sachs -led consortium that picked them up?
KHD Humboldt Wedag International Ltd. Reports 2008 Second Quarter and Six- Month Results Wednesday, August 13, 2008 @ 6:30AM KHD Humboldt Wedag International Ltd. today announced results for the second quarter and six-months ended June 30, 2008.
Oil rises weakens on mixed dollar and ahead of US crude inventory data Wednesday, August 13, 2008 @ 6:28AMVIENNA, Austria - Traders bid oil higher Wednesday amid mixed signals on the strength of the U.S. dollar and ahead of weekly U.S. crude inventory data expected to show a slight increase in oil supplies .
Spurs launch last-ditch attempt to sign Arshavin but go cold on Pavlyuchenko Wednesday, August 13, 2008 @ 6:25AMTottenham have made a final bid to sign Andrei Arshavin from Zenit St Petersburg. However, Spurs boss Juande Ramos is not keen on Spartak striker Roman Pavlyuchenko.
Euro zone industry steadier in June Wednesday, August 13, 2008 @ 6:24AMOfficial figures show that euro zone industrial production steadied in June after a sharp fall in May. EU statistics office Eurostat said, however, that output fell by 0.5% compared with the same month last year. Analysts had expected a slightly stronger performance.
US dollar mixed, gold higher in European trading Wednesday, August 13, 2008 @ 6:23AM The U.S. dollar was mixed against other major currencies in European trading Wednesday morning. Gold rose. The euro traded at $1.4919, up from $1.4916 late Tuesday in New York.
Oil falls to $113 in Asia on stronger dollar Tuesday, August 12, 2008 @ 5:08AMBy ALEX KENNEDY SINGAPORE (AP) -- Oil prices fell Tuesday in Asia to a 3-month low as a stronger dollar and weakening crude demand from China weighed on investor sentiment.