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Business

Summary Box: US fears mean risk for ECB (AP)
AP - THE SITUATION: Indicators are pointing up at the European Central Bank, which may be about to raise its 2010 economic projections. But that brightening picture is being increasingly darkened by fears about the recovery in the U.S.
Publ.Date : Wed, 01 Sep 2010 18:30:34 GMT

Greek FinMin: markets still assessing reforms (AP)

"GreekAP - The international bond markets will likely wait until the end of the year before passing judgment on Greece's efforts to overhaul its economy and pull itself out of a debt crisis that nearly led to the country's bankruptcy earlier this year, the finance minister said Monday.



Publ.Date : Mon, 30 Aug 2010 17:38:25 GMT

Pro-Vatican politicians irked by Gadhafi in Rome (AP)

"AAP - Premier Silvio Berlusconi threw a gala evening for his "friend" Moammar Gadhafi Monday, thanking him for strengthened ties between Tripoli and Rome and dismissing as behind the times those criticizing the Libyan leader for trying to convert Italians to Islam during the visit.



Publ.Date : Mon, 30 Aug 2010 21:34:21 GMT

EU reaches deal on cross-border financial supervisors (AFP)

"EuropeAFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector blamed for the global recession.



Publ.Date : Thu, 02 Sep 2010 19:17:59 GMT

Spain halves deficit with painful austerity cuts (AP)
AP - Spain's deficit is down sharply thanks to an unpopular cocktail of tax hikes and austerity cuts — good news for a government fighting to ward off fears it might need a bailout like the one that saved Greece from bankruptcy.
Publ.Date : Wed, 01 Sep 2010 17:04:10 GMT

Romanian PM shakes up cabinet (AP)

"FILEAP - Romania's unpopular government was in turmoil Thursday after the prime minister fired five Cabinet ministers, with the economy minister also saying he will quit.



Publ.Date : Thu, 02 Sep 2010 17:33:53 GMT

Swiss economy grew 0.9 percent in second quarter (AP)
AP - Official figures show that Switzerland's economy grew by 0.9 percent in the second quarter compared with the first three months of the year, largely on the back of higher domestic demand and corporate investments.
Publ.Date : Thu, 02 Sep 2010 08:14:46 GMT

ECB holds rates, extends liquidity lifeline (Reuters)

"Jean-ClaudeReuters - The European Central Bank held interest rates at a record low on Thursday and extended its liquidity safety-net in response to a lopsided recovery and worries about vulnerable banks.



Publ.Date : Thu, 02 Sep 2010 13:10:45 GMT

German official unemployment rate stable at 7.6% (AFP)

"AAFP - The German unemployment rate was stable in August at 7.6 percent of the workforce, official figures showed on Tuesday as the number of people seeking work edged slightly lower to 3.188 million people.



Publ.Date : Tue, 31 Aug 2010 08:43:34 GMT

ECB raises 2010, 2011 eurozone growth forecast (AP)

"Jean-ClaudeAP - The European Central Bank raised its growth projections for the 16-nation eurozone on Thursday, but stressed that the outlook remains uncertain and said its effort to keep banks supplied with credit would stay in place for the rest of the year.



Publ.Date : Thu, 02 Sep 2010 14:38:33 GMT

Equities make bright start to September (AFP)

"AAFP - Asian and European stocks rose on Wednesday, lifted by bargain-hunting and upbeat data, as dealers set aside Wall Street's worst August performance in nine years amid stubborn US recovery doubts.



Publ.Date : Wed, 01 Sep 2010 11:16:32 GMT

Driven by Germany, Europe posts 1% growth (AFP)

"AAFP - Europe's economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half.



Publ.Date : Thu, 02 Sep 2010 10:17:46 GMT

Eurozone inflation eases in August to 1.6 percent (AP)
AP - Inflation in the 16 countries that use the euro fell in August, official figures showed Tuesday, reinforcing market expectations that the European Central Bank will not be raising borrowing costs this year.
Publ.Date : Tue, 31 Aug 2010 11:13:45 GMT

German car exports up 12 percent in August (AP)
AP - German car exports kept growing in August as a healthier global economy fueled sales abroad, helping push up production, an industry group said Thursday.
Publ.Date : Thu, 02 Sep 2010 12:26:21 GMT

Global stocks hit two-week high on manufacturing optimism (Reuters)

"PeopleReuters - World stocks hit a two-week high on Thursday and oil prices rose as optimism from strong U.S. and Chinese manufacturing data extended into a second day ahead of a euro zone interest rate decision and key U.S. jobs data.



Publ.Date : Thu, 02 Sep 2010 08:57:24 GMT

Summary Box: Eurozone economic sentiment up again (AP)
AP - SPRING IN PARIS: Economic confidence in the 16 countries that use the euro rose to its highest level in nearly two-and-a-half years during August.
Publ.Date : Mon, 30 Aug 2010 16:27:17 GMT

Summary Box: HSBC sells US auto finance units (AP)
AP - IT'S OVER: British bank HSBC Holdings PLC has sold its last U.S. auto finance businesses to Spain's Santander for about $3.56 billion in cash, completing its exit from a market that cost it billions during the financial meltdown.
Publ.Date : Tue, 31 Aug 2010 17:40:35 GMT

HSBC sells US auto finance units to Santander (AP)
AP - British bank HSBC Holdings PLC said Tuesday it has sold its last U.S. auto finance businesses to Spain's Santander for about $3.56 billion in cash, completing its exit from a market that cost it billions during the financial crisis.
Publ.Date : Tue, 31 Aug 2010 07:30:38 GMT

European stocks drop before ECB rate call (AFP)

"FileAFP - European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.



Publ.Date : Thu, 02 Sep 2010 11:02:55 GMT

European stocks plunge; London down 1.14 percent (AFP)

"AnAFP - Europe's main stock markets dived at the start of trading on Tuesday, following heavy overnight losses in New York and then in Asia as investors worried about weak US data and the strength of the yen.



Publ.Date : Tue, 31 Aug 2010 07:27:06 GMT