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Fri, 19 Mar 2010 14:05:21 GMT

Europe's main stock markets were in positive territory, with the London's FTSE 100 boosted by British state-rescued bank Lloyds' forecast of a return to profit in 2010 after two years of losses.(AFP/File/Shaun Curry)AFP - Europe's main stock markets advanced on Friday, with London boosted by British state-rescued bank Lloyds' forecast of a return to profit in 2010 after two years of losses.


Fri, 19 Mar 2010 12:33:48 GMT
AP - German insurer Allianz SE expects its 2010 operating profit to be around last year's level of euro7.2 billion ($9.7 billion) as the global economy comes out of a long downturn.
Fri, 19 Mar 2010 12:31:05 GMT
AP - Germany said Friday it isn't ruling out financial aid from the International Monetary Fund for Greece, but insisted no decision is needed now, even as the EU executive chief called for an agreement as soon as possible to ease the debt crisis.
Fri, 19 Mar 2010 11:32:15 GMT

European Commissioner for the Internal Market Michel Barnier speaks during a meeting on 'Building a Crisis Framework for the Internal Market' at EU headquarters in Brussels, Friday March 19, 2010. In a Friday speech, European Central Bank President Jean Claude Trichet said the credit default swaps market needs to be more transparent to regulators and investors. EU regulators have threatened to ban the use of the naked credit default swaps on government debt to prevent investors buying swaps and they blame swaps traders for unfairly increasing pressure on Greek borrowing costs. (AP Photo/Virginia Mayo)AP - The European Union's finance executive called Friday for banks to pay into a fund that could be drawn upon in case of collapse, an effort to shield taxpayers from the fallout of future crises.


Fri, 19 Mar 2010 09:09:41 GMT
AP - The euro is lower against the dollar in European morning trade after Greece said it may turn to the International Monetary Fund for aid if the EU does not agree to a rescue package.
Thu, 18 Mar 2010 19:54:40 GMT

A man enters a taxi during a 24 hour strike of Greek taxi drivers in Athens. Greece warned on Thursday it could call on the IMF for help unless European leaders offered financial aid next week, with Germany now appearing AFP - Greece warned Thursday it could turn to the IMF for help unless European leaders offered financial aid next week, as doubts over plans to rescue Athens from its debt crisis rocked the euro.


Thu, 18 Mar 2010 17:09:39 GMT

FTSE 100 shares ended in the red at the close of trade as investors took profits and digested economic data including a larger-than-expected eurozone trade deficit.(AFP/File/Shaun Curry)AFP - FTSE 100 shares ended in the red at the close of trade on Thursday as investors took profits and digested economic data including a larger-than-expected eurozone trade deficit.


Thu, 18 Mar 2010 12:39:24 GMT

A closed gas station is seen during a strike in northern Athens on Thursday, March 18, 2008. Greek taxi drivers and many gas station owners are striking against a proposed overhaul of tax laws under the government's efforts to overcome its debt crisis. (AP Photo/Thanassis Stavrakis)AP - Greek unemployment rose to 10.3 percent in the fourth quarter of 2009, the country's statistics agency said Thursday — the highest since 2005 and the largest jump in 11 years.


Thu, 18 Mar 2010 11:38:22 GMT
AP - Public sector debt in the United Kingdom climbed above 60 percent of GDP in February as government agencies borrowed another 12.4 billion pounds ($19 billion), the Office for National Statistics said Thursday.
Thu, 18 Mar 2010 11:09:58 GMT

An investor looks at a stock price monitor at a private securities company Wednesday, March 17, 2010 in Shanghai, China. Asian stock markets have pushed higher after the U.S. central bank again pledged to hold interests rates low and gave mildly optimistic assessment of the world's largest economy. China's main Shanghai index added 1.9 percent Wednesday.  (AP Photo/Eugene Hoshiko)AP - World stock markets fell Thursday and the euro weakened on concerns the European Union will not agree to give Greece concrete financial support, leaving it to potentially seek assistance from the International Monetary Fund.


Thu, 18 Mar 2010 10:28:40 GMT

Leading shares dipped at the open as profit-takers moved to cash in on the previous day's gains.(AFP/File/Ben Stansall)AFP - Leading shares dipped at the open on Thursday as profit-takers moved to cash in on the previous day's gains.


Thu, 18 Mar 2010 09:45:22 GMT
Reuters - Greece's prime minister warned on Thursday that Athens would not be able to make planned deficit cuts unless it can borrow money more cheaply and said he would prefer not to have to turn to the IMF for help.
Thu, 18 Mar 2010 04:38:32 GMT

FILE - In this file photo taken Feb. 3, 2010, oncoming demonstrators shout slogans during a labour strike outside the Fiat Mirafiori assembly plant in Turin, northern Italy. Will the Italian economy be the next to face a crisis? Italians, by nature prone to living in the moment, aren't much worried. But even as Greece wins temporary respite from its debt crisis, Italy remains in the sights of the world's euro-skeptics for good reasons. (AP Photo/Massimo Pinca, File)AP - As Greece wins at least temporary respite from its debt troubles, will Italy be the next to face a crisis?


Wed, 17 Mar 2010 20:32:02 GMT

German Chancellor Angela Merkel is seen during her speech at the German Federal Parliament (Bundestag) in Berlin, Germany, Wednesday, March 17, 2010. Chancellor Angela Merkel called the sex abuse scandal rocking the homeland of Pope Benedict XVI a major challenge to German society and warned the only way to come to terms with it was to 'find out everything that has happened.' Speaking out on Wednesday for the first time since allegations of abuse at a school linked to Berlin's Roman Catholic church initially surfaced in January, Merkel suggested compensation for victims and considering an extension on the current statute of limitations for filing claims against abusers.  (AP Photo/Michael Sohn)AP - German Chancellor Angela Merkel said Wednesday there should in future be a mechanism to expel countries from the eurozone as a last resort if they persistently break its financial rules.


Wed, 17 Mar 2010 19:05:40 GMT

**RETRANSMISSION REMOVING RESTRICTIONS** Akila Naqqash kisses a picture of her son Sahil Saeed, 5, who has been found safe and well after he was kidnapped by gunmen in Pakistan, at their home in Oldham, England, Tuesday March 16, 2010. Sahil Saeed, was found in a small village in Punjab province, some 20 miles (30 kilometers) southeast of Jhelum city where armed robbers seized him from his grandparents home on March 4, Pakistan's Interior Minister Rehman Malik said. British High Commissioner Adam Thomson expressed relief the boy had been found and thanked Pakistani authorities for their cooperation in the search.(AP Photo/Dave Thompson, pool)AP - Police have arrested five people in the kidnapping of a 5-year-old British boy in Pakistan and recovered more than 100,000 pounds ($150,000) in ransom money, authorities said Wednesday.


Wed, 17 Mar 2010 16:22:06 GMT

Customers walk through Athens main fish market. Greece warned on Wednesday it might have to seek help from the International Monetary Fund if the European Union does not do more to help it out of a debt crisis.(AFP/Louisa Gouliamaki)AFP - Greece warned on Wednesday it might have to seek help from the International Monetary Fund if the European Union does not do more to help it out of a debt crisis.


Wed, 17 Mar 2010 16:06:11 GMT

Ecuador's Minister of non-renewable natural resources and President of the OPEC conference Germanico Alfredo Pinto Troya, OPEC's Secretary General Abdalla Salem El-Badri of Lybia, Austrian Foreign Minister Michael Spindelegger and Vienna's Mayor Michael Haeupl, standing from left, applaud during the official opening ceremony of OPEC's new headquarters and the organization's 50th anniversary, on Wednesday, March 17, 2010, in downtown Vienna. (AP Photo/Hans Punz)AP - OPEC oil ministers on Wednesday opted to keep their output targets unchanged in a bid to keep prices at present levels and send a message of stability to energy-hungry economies struggling to emerge from recession.


Wed, 17 Mar 2010 12:58:39 GMT

A bank worker counts a stack of US dollars together with stacks of 100 Chinese yuan notes at a bank in eastern China's Anhui province. The International Monetary Fund on Wednesday lent its support to calls by the United States for China to allow its AFP - The International Monetary Fund on Wednesday lent its support to calls by the United States for China to allow its "much undervalued" currency to rise, amid EU complaints of protectionism.


Wed, 17 Mar 2010 12:25:37 GMT
AP - The European Union on Wednesday warned Germany, France, Spain, Italy and the Netherlands that they are relying too much on a strong economic recovery to meet debt reduction targets.
Wed, 17 Mar 2010 11:56:00 GMT

Italy's Finance Minister Giulio Tremonti, center, talks with Britain's counterpart Alistair   Darling, left, and Tonio Fenech of Malta, right, at the EU finance ministers meeting in Brussels, Tuesday, March 16, 2010.  Finance ministers of the 27 EU nations review Greek austerity measures and other financial regulations reform to ease the financial crisis. (AP Photo/Yves Logghe)AP - The European Union's executive told Britain on Wednesday to speed up its deficit cuts, warning that the government is too optimistic about economic growth — a warning Britain says it will ignore.


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