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Yahoo! News: Business - European Economy
Updated : Thu, 16 Oct 2008 01:56:13 GMT

Britain, France call for a global finance summit (AP)

British Prime Minister Gordon Brown speaks during a media conference at an EU summit in Brussels, Wednesday Oct. 15, 2008. Efforts to calm the impact of the global financial crisis will top the agenda at a two-day EU leaders summit along with talks on how the 27-nation bloc can keep on track ambitious promises to cut greenhouse gas emissions by 20 percent by 2020. (AP Photo/Geert Vanden Wijngaert)AP - The world's top economies should hold a global summit this year on reforming the world's financial system, British and French leaders declared Wednesday.



Publ.Date : Wed, 15 Oct 2008 17:09:13 GMT

What Crisis? Kremlin downplays financial woes (AP)

A man stands in front of the Samokhval store in Moscow, Wednesday, Oct. 15, 2008. Shelves stand nearly empty in dozens of grocery stores in Moscow, a sign that the financial crisis has started to hit Russia's real economy as access to credit dries up. The two mid-size grocery chains, Samokhval and Mosmart, that own the stores are struggling to pay for shipments, several distributors said Wednesday. (AP Photo/Misha Japaridze)AP - Talking to Russians on the street, you'd be forgiven for thinking there was no economic crisis.



Publ.Date : Wed, 15 Oct 2008 20:58:02 GMT

Markets tumble as recession fears trump bailout (Reuters)

The Dow Jones Industrial Average is seen on a board at the New York Stock Exchange at the end of the trading day, October 15, 2008. (Brendan McDermid/Reuters)Reuters - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets into free-fall on Wednesday.



Publ.Date : Wed, 15 Oct 2008 21:25:03 GMT

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