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EU Economy


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Europe poised to cut rates as global slump deepens

TOKYO/ BEIJING, Dec. 3, 2008 (Reuters) — Central banks in Europe are poised to slash interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policy makers in the industrialized countries had anticipated. ...  > full story

Wall Street jumps on Coke and other defensive plays

NEW YORK, Dec. 3, 2008 (Reuters) — Stocks rose for a second day on Wednesday as investors flocked to shares of Coke and other companies that hold up well in recessions following another round of disappointing economic data and corporate outlooks. ...  > full story

World stocks headed toward 6th session of gains

LONDON, Nov. 28, 2008 (Reuters) — Global stocks headed toward a sixth consecutive session of gains on Friday, although European shares were weak, as investors took some comfort from government moves to stimulate a deteriorating world economy. ...  > full story

China calls off EU summit over Dalai Lama visit

BRUSSELS, Nov. 26, 2008 (Reuters) — China, angry at plans for Tibet's spiritual leader the Dalai Lama to visit Europe, has called off a summit with the European Union next Monday which may have forged a joint response to the global economic crisis. ...  > full story

Obama says long haul ahead

LONDON, Nov. 22, 2008 (Reuters) — President-elect Barack Obama said on Saturday he was crafting a two-year plan to fight an economic crisis of "historic proportions" and Chinese leader Hu Jintao said his country was ready to play a big role in the global effort. ...  > full story

World stocks hit 5-1/2 year low

LONDON, Nov. 20, 2008 (Reuters) — World stocks hit 5-1/2 year lows and oil hit 22-month troughs on Thursday on worries over bank giant Citigroup and U.S. automakers, though they trimmed losses on an increased Saudi stake in Citi and a Swiss rate cut. ...  > full story

Europe eyes targeted aid to carmakers

BRUSSELS, Nov. 18, 2008 (Reuters) — Any European Union support for automobile companies will be temporary and tied to goals such as improving the sector's environmental performance, EU sources said on Tuesday. ...  > full story

Top central bankers say ready for more action

FRANKFURT, Nov. 14, 2008 (Reuters) — Global central banks are ready to take further steps to ease market tensions and bolster faltering economic growth, top policymakers said on Friday, as world leaders gathered for talks on the economic crisis. ...  > full story

OECD sees recession hitting, urges stimulus moves

PARIS, Nov. 13, 2008 (Reuters) — The Organization for Economic Cooperation and Development slashed its economic output forecasts for the United States, Japan and euro zone on Thursday and said the 30-nation OECD area appeared to have entered recession. ...  > full story

China move spurs equity, commodity gains

LONDON, Nov. 10, 2008 (Reuters) — World stock and commodity markets surged on Monday in reaction to China's plan to spend nearly $600 billion on stimulating its economy as G20 finance ministers pledged to do what is needed to revive financial markets. ...  > full story
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