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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London stocks subdued amid weaker oil prices (AFP)
38 minutes ago
LONDON (AFP) - London's FTSE 100 index of leading shares sagged 0.14 percent to 6,357.50 points in late morning trade Wednesday.
Shares in British energy giant BP sank 0.82 percent to 544.5 pence and rival BG Group lost 0.55 percent to 728.5 pence.
Elsewehere, Wall Street shares had powered higher late Tuesday as crude oil prices fell and amid a hint of some improvement in the troubled US housing market.
Crude oil prices in London and New York fell further Wednesday on hopes that Britain and major crude producer Iran would find a diplomatic solution to a stand-off sparked by Tehran's detention of 15 British sailors.
Regions : Europe
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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.
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.
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.
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.
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.
