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Bank of England should hold rates steady despite slowdown: OECD
AFP - The British economy is likely to lose some steam in the coming months but the Bank of England should avoid further interest rate cuts in the face of rising inflation, the OECD said Wednesday.
Bank of England holds rates steady
AP - The Bank of England has kept its benchmark interest rate unchanged at 5 percent.
Ireland frets about EU, economy as Celtic Tiger roar fades
AFP - Ireland holds a key referendum on a sensitive European Union treaty this week with rapidly slowing growth in the once-runaway Celtic Tiger economy preying on voters' minds.
European stocks shrug off Asia, Wall Street slide
AFP - European stock markets rose on Thursday, shrugging off heavy share-price falls in Asia and on Wall Street which were driven by another spike in oil futures and inflation worries, analysts said.
Dollar rises amid G8 finance meeting, Irish crunch EU poll
AFP - The dollar rose against the euro and the yen on Friday amid a Group of Eight finance meeting in Japan, with analysts keen to see whether ministers will back US efforts to strengthen the dollar.
France sees '3 Fs' as economic challenge
AP - Crises involving finance, food and fuel — the three Fs — are buffeting Asia and Europe, French Finance Minister Christine Lagarde said Sunday.
Food, fuel drives Euro-zone inflation up 3.7 pct
AP - Annual inflation in the euro zone rose to a new high of 3.7 percent in May, according to data released Monday that reflects surging food, fuel and housing prices across the 15-nation currency bloc.
German investor confidence drops in June
AP - German investor confidence tumbled in June amid soaring food and oil prices and expectations of an upcoming interest rate rise, a closely watched survey showed Tuesday.
EU10 adjusting well to global financial turmoil: World Bank
AFP - Ten ex-communist European Union newcomer states have 'adjusted relatively well' to recent global financial stress, oil and food price spikes and slowing growth, the World Bank said on Wednesday.
German business confidence falls in June
AP - German business confidence fell in June, dragged down by concerns over record high oil prices, a closely watched survey of attitudes in Europe's biggest economy showed Monday.
Germany's consumer mood worsening
AP - German consumer confidence has dropped to its lowest level in two-and-a-half years amid spiraling energy costs, according to a closely watched survey Tuesday.
Eurozone economic confidence slumps to three-year low: survey
AFP - Confidence in the combined economy of the 15 nations sharing the euro slumped to a three-year low in June, according to a widely-watched EU survey released on Friday.
Euro inflation at 4 percent; highest in 16 years
AP - Yearly inflation in euro nations hit a record 4 percent in June, the EU statistics agency Eurostat said Monday, adding pressure on the European Central Bank to raise borrowing costs even as the economy slows.
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