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Rising euro forces move for France's Dassault: chairman
AFP - France's Dassault Aviation will move some of its activities out of the eurozone because of the high level of the European currency against the dollar, the company's chairman said in an interview published Saturday.
Weak dollar a 'problem' for world economy - EU president
AFP - The dollar's weakness is a problem for the world economy while the euro's strength reflects confidence in the European economy, European Commission President Jose Manuel Barroso said in an interview published Monday.
Dollar up against the Euro
AP - The dollar edged higher against the euro Tuesday after the European Union acknowledged that growth in the euro zone would increase by only 2 percent next year, news that could weigh on the European Central Bank at its meeting this week.
What Will Europe's Central Banks Do?
BusinessWeek Online - European economies are entering a period of heightened uncertainty: On the one hand, soaring prices for oil and other commodities have just begun to translate into higher headline inflation, and further consumer price index, or CPI, acceleration is expected in the coming six months. On the other hand, the new heights reached by the euro and the British pound sterling exchange rates against the U.S. dollar bring further evidence that Europe is going to be most affected by the U.S. slowdown and the rebalancing of the U.S. ...
Banks lead FTSE higher after RBS soothes nerves
FT.com - London equities rose on Thursday, boosted by news of lower-than-feared asset writedowns at Royal Bank of Scotland as the latest closely watched trading update cast more light on the impact of the credit crisis.
Friction develops at Europe, Africa meet
AP - Debates over Zimbabwe and Darfur caused friction Saturday at a summit of European and African leaders attempting to build a new alliance on economic and environmental issues.
Africa says "no" to Europe on new trade deals
Reuters - Most African leaders on Sunday rejected
new trade deals demanded by the European Union, dealing a blow
to efforts to forge a new economic partnership at the first
EU-Africa summit in seven years.
US offficials show 'concern' over weak dollar: EU's Almunia
AFP - US officials are starting to show signs that they are concerned over the weakness of the US dollar, European Union Monetary Affairs Commissioner Joaquin Almunia said Monday.
Economy: Prospect of EU pact gives positive signal
FT.com - From his office on an upper floor of one of Sarajevo's finest early 20th century buildings, Kemal Kozaric says he worries about the economic indicators next May or June.
Inflation in euro zone rises in November
AP - Inflation in the 13 nations that use the euro surged to an annualized rate of 3.1 percent in November, the highest level since the currency was first used in 2002 and above an earlier estimate, the European Union's statistics agency Eurostat said Friday.
EU's Almunia says sovereign funds an opportunity
Reuters - EU Economic and Monetary Affairs
Commissioner Joaquin Almunia said on Monday that foreign
state-backed investment funds are a great opportunity although
they have to increase transparency on their investments.
Inflation plateau might back ECB rate rise: Mersch
Reuters - The European Central Bank may need to
raise interest rates if euro zone inflation plateaus rather
than merely rises temporarily, ECB Governing Council member
Yves Mersch was reported on Tuesday as saying.
Sarkozy meets unions and employers on 2008 reforms
Reuters - President Nicolas Sarkozy meets union
leaders and employers on Wednesday to discuss sweeping social
and labor reforms planned for 2008, hoping to head off the
strikes that have sunk previous efforts to change France.
German consumer confidence posts unexpected gain: report
Canadian Press - BERLIN - Consumer confidence in Germany snapped a four-month decline, rising unexpectedly, despite concern about turmoil in global financial markets, a survey released Thursday showed.
Britain to adopt the euro - on its bases in Cyprus
AFP - Euro-sceptic Britain may have doubts over the single European currency but its sovereign military bases on this Mediterranean island will still embrace the euro when Cyprus adopts it from January 1.
Euro zone Inflation surges to 3.1 per cent annual rate in November
Canadian Press - BRUSSELS, Belgium - Inflation in the 13 countries that use the euro surged to an annualized rate of 3.1 per cent in November, the highest level since the currency was first used in 2002 and above an earlier estimate, the European Union's statistics agency Eurostat said Friday.
Cyprus adopts the euro, Malta to follow suit
AFP - Cyprus officially joined the eurozone at midnight (2200 GMT) on Tuesday, bidding farewell to the Cyprus pound and expanding the club of countries using the single European currency.
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