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Latest Europe Euro News

  • Euroshares down midday, Wall St seen lower, banks fall, more credit woes UPDATE 13 May 2008 18:15 GMT
    ... the U.K, a sharper-than-expected rise in CPI inflation in April was further dampening the mood. Turning to ... the group confirmed a massive 5.9 billion euro capital increase to preserve its Tier 1 solvency ratio ...

  • Volkswagen says it will provide details on new U.S. production facility in July 13 May 2008 17:56 GMT
    ... at the company have said the surging euro has pushed plans for a new production ... a new production facility forward. The 15-nation currency has been hitting record highs in recent weeks against ...

  • Credit crunched 13 May 2008 17:47 GMT
    ... heavily dependent on bank financing. The European Central Bank's April bank lending officer survey showed a ... first place. Demand for loans in the euro area is deteriorating at the most rapid pace ... the survey's five-year history, according to the ECB, due to less interest in fixed investment ...

  • Oil below $124 a barrel 13 May 2008 17:41 GMT
    ... analysts said. The dollar strengthened against the euro, which often prompts investors who had bought commodities such ... such as oil as a hedge against inflation to sell. Also, a stronger dollar makes oil more ...

  • Sterling weaker on UK economy 13 May 2008 17:18 GMT
    ... The pound gave up initial gains against the euro today following news that inflation in the United Kingdom in April rose by far more than anticipated. The euro was worth ...

  • Rand directionless at midday 13 May 2008 17:16 GMT
    ... It was bid at 11.8030 to the euro from a previous 11.7915, and at 14.8557 ... Monetary Policy Review later," said a local currency trader. "The Reserve Bank may give us something ...

  • Oil below $124 a barrel as eyes turn to China 13 May 2008 17:11 GMT
    ... off the dollar, which strengthened against the euro Tuesday. A stronger dollar often prompts selling by investors ... such as oil as a hedge against inflation. Also, a stronger dollar makes oil more expensive ...

  • Forex - Pound softens on UK economic fears 13 May 2008 16:59 GMT
    ... highs against both the dollar and the euro, following news that inflation in the United Kingdom in April rose ... economic implications of this,' said Neil Mellor, currency strategist at Bank of New York Mellon. Today's ...

  • UPDATE 1-Libor strains ease as spreads narrow, notably stg 13 May 2008 16:30 GMT
    ... further signs of easing on Tuesday as the premium paid for raising interbank dollar, euro and sterling funds over expected central bank target rates of overnight funds tightened further, especially in sterling. The Bank of England said ...

  • Italian Premier Silvio Berlusconi outlines government program before confidence vote 13 May 2008 11:56 GMT
    ... struggle in overhauling Europe's fourth-largest economy, which has grown more slowly than the 15-nation euro-zone average for more than a decade and this year risks falling into recession. Berlusconi pledged ...

  • US dollar up in Europe 13 May 2008 11:56 GMT
    ... May 13, 2008 LONDON -- The U.S. dollar was mostly higher against other major currencies in European trading Tuesday morning. Gold fell. The euro traded at $1.5463, down from $1.5540 late Monday in New York. Other dollar rates: ...

  • London midday: Footsie unnerved by inflation and housing 13 May 2008 11:55 GMT
    ... to the red by lunchtime on poor inflation data and a poor response to a trading ... part by a small benefit from recent euro strength. In the year to March overall organic ...

  • Amsterdam shares lower at midday in weak trade; Corporate Express bucks trend 13 May 2008 11:54 GMT
    ... 484.37. Government bonds traded mixed, while the euro stood at 1.5457 against the dollar from ... sales to rise 20 percent at constant currencies. The Dutch biotechnology company added it still expects ...

  • the Vatican 13 May 2008 11:53 GMT
    ... Peter's Basilica. You can also take the tram to Piazza del Risorgimento. The Vatican Euro--the country's official currency--is the rarest in circulation in Europe. As a collector's item, it is valued far higher ...

  • A Traveller's Guide to the Vatican 13 May 2008 11:53 GMT
    ... Peter's Basilica. You can also take the tram to Piazza del Risorgimento. The Vatican Euro--the country's official currency--is the rarest in circulation in Europe. As a collector's item, it is valued far higher ...

  • IES Abroad Sees Increase in Applications for South American Summer Programs 13 May 2008 11:53 GMT
    ... interest in environmental sciences, like On the currency front, Ecuador is one of nine countries that ... a European study experience without the costly Euro exchange rate should consider . The U.S. dollar has ...

  • SOLVAY : Operating results for the Solvay Group in the 1st quarter of 2008 : -8% compared to the high level of the 1st quarter of 2007 13 May 2008 11:32 GMT
    ... (EUR 2,374 million) stable (+3% at constant exchange rates): significant impact of the strong euro - Operating results (EUR 300 million): -8% compared to ... products remained generally good but the unfavorable exchange rate penalized the evolution of sales. At constant ...

  • SOLVAY : Operating results for the Solvay Group in the 1st quarter of 2008 : -8% compared to the high level of the 1st q 13 May 2008 11:31 GMT
    ... (EUR 2,374 million) stable (+3% at constant exchange rates): significant impact of the strong euro - Operating results (EUR 300 million): -8% compared to ... products remained generally good but the unfavorable exchange rate penalized the evolution of sales. At constant ...

  • Dollar down 11.29 kopeks, euro up 16.31 kopeks - Central Bank 13 May 2008 11:31 GMT
    ... official dollar rate set by the Russian Central Bank from May 14 is 23.7199 rubles, down 11.29 ... Tuesday, the Central Bank said. The official euro rate for Wednesday is 36.8346 rubles, up 16.31 ...

  • US dollar mostly higher, gold down in European morning trading 13 May 2008 11:31 GMT
    ... - Tuesday, May 13, 2008 The U.S. dollar was mostly higher against other major currencies in European trading Tuesday morning. Gold fell. The euro traded at $1.5463, down from $1.5540 late Monday in New York. The British pound ...

  • WTO: China must address rich-poor divide to create 'harmonious society' 13 May 2008 11:31 GMT
    ... In the short-term, though, "a more flexible exchange rate regime could enable China to operate a ... value against the U.S. dollar and the euro. Beijing has let it rise gradually, but ... enough and charge China with keeping its currency artificially low to undersell overseas competitors. The WTO ...

  • OUTLOOK Focus on Calyon, rights issue when Credit Agricole issues Q1 data 13 May 2008 11:31 GMT
    ... about its performance, a surprise 5.9 billion euro rights issue and a shift in its business ... investment bank activities do not include the interest rate derivatives business that BNP Paribas has to compensate ...

  • Fossil, Inc. Reports Record First Quarter Sales and Earnings 13 May 2008 11:31 GMT
    ... a solid sales performance. In addition, favorable currency impacts, due to the continued weakness of the ... compared to other foreign currencies, primarily the Euro and Pound. Certain statements contained herein that ...

  • Clean Diesel Technologies Announces Record Sales for the First Quarter of 2008 13 May 2008 11:31 GMT
    ... its pollution standards in line with the Euro IV particulate matter emission standards. Headway's decision to utilize ... activities 19 3,074 -------- ------- Effect of exchange rate changes on cash (12) -- Net increase in ...

  • Officials promote dollar recovery 13 May 2008 11:31 GMT
    ... trends The dollar was unable to break Euro support levels below 1.54 on Monday and ... aggressive rhetoric in support of the US currency would provide significant dollar support. ECB Chairman Trichet retained a firm tone on ...


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