Eurozone inflation was higher than anticipated in November buoyed by rising oil prices. MOREINFO: * Eurozone inflation highest in 6 years * Germany against EU emissions proposal * European investors remain jittery over world economy fears SCRIPT: Expensive oil and food prices boosted eurozone inflation in November to the highest level in six and a half years - higher than initially expected. Eurostat said consumer prices in the 13 countries rose 3.1 percent year-on-year - higher than the 3.0 percent that shaped markets expectations. The European Central Bank wants to keep inflation below 2 percent but left interest rates unchanged last week because of concerns about the full impact of the global credit crunch on the eurozone economy. Economist and the ECB expect above-target inflation to last for much of 2008. /// And one of the reasons behind inflation in the Eurozone, oil, gave up early gains on Friday, pressured by an advance in the dollar to six-week highs and a warning...
The apparent lack of a pan-European approach to the financial crisis hit shares sharply in afternoon trade. The FTSEurofirst 300 was down over 7 percent, the lowest level in four years and things...
Lawmakers may have authorized the U.S. Treasury to spend up to $700 billion to buy bad mortgage loans - but Wall Street is still on edge. For the first time in 5-years the Dow Jones blue chip...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and the...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura Holdings is to pay up to $525 million for Lehman's Asia Pacific franchise and is front-runner to...
The U.S. Senate is set to vote Wednesday night on a $700-billion US financial bailout plan that was narrowly defeated Monday in the House of Representatives. Following a day of closed-door...
The credit card giant faces daily fines unless it changes its international fee structure, says the EU Competition Commissioner MOREINFO: * EU gives Mastercard ultimatum * EU adopts contested CO2...
European shares hit their lowest level since March 31 (2008) as leading U.S. stock market indexes fell in early trading. Royal Bank of Scotland lost 9.7 percent after saying results would be held...
* German banks in merger frenzy * EU issues Bluefin tuna fishing ban The euro fell to its lowest level in over a month against the dollar after Irish voters rejected the European Union's Lisbon...
There's good news for British music consumers who like to do their shopping digitally through the iTunes music store. Within six months, the cost of downloads bought through the UK version of the...
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