Dollar slides against euro as German business confidence rises (AFP)
AFP - The dollar fell against the euro, primarily as the European currency benefitted from robust German business confidence figures, traders said.
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Britain calls for global finance summit (AP)
2008.10.1532 minutes ago
BRUSSELS, Belgium - British Prime Minister Gordon Brown is calling for global talks this year to reform the world's financial system.
He says a global summit could be held in the next few months despite lack of agreement among international leaders that they need to hold a summit on the financial crisis.
Brown said earlier Wednesday that the European Union, the United States and others should reform the International Monetary Fund and create better international rules governing financial markets.
The British premier has long called for the Washington-based IMF to monitor global markets to prevent crises.
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EU compromises on airlines in carbon-trading scheme (AFP)
AFP - The European Commission has agreed to a compromise proposal over its plans to include the aviation industry in its carbon-trading scheme, the Financial Times reported.
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EU chides ECB critics, urges responsibility (AFP)
AFP - Using the euro or Europe in national political debates is "not very responsible and at times even dangerous," EU Economic and Monetary Affairs Commissioner Joaquin Almunia warned in an interview.
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European stocks untie after Asian, US losses (AFP)
AFP - Europe's main stock markets slid in early trading, as Asian stocks plunged amid the worst-ever drop in Bangkok and following losses by Wall Street overnight.
AFP - Europe's main stock markets slid in early trading, as Asian stocks plunged amid the worst-ever drop in Bangkok and following losses by Wall Street overnight.
British economy powers ahead in third quarter (AFP)
AFP - Britain's economy grew at its fastest annual pace for two years in the third quarter of 2006, official data showed, increasing expectations of another British rate hike soon, analysts said.
AFP - Britain's economy grew at its fastest annual pace for two years in the third quarter of 2006, official data showed, increasing expectations of another British rate hike soon, analysts said.
