Yahoo!: Experts see trouble ahead for developed world (AP) AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the UnitedStates and much of the industrialized world. Yahoo!: European stocks soar on US data; dollar breaches 85 yen (AFP) AFP - European equities surged on Friday and the dollar jumped above 85 yen as financial markets welcomed a better-than-expected payrolls report in the United States. Yahoo!: Swedish bank Carnegie buys troubled competitor (AP) AP - Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week. bnn: Bulgaria to emerge from crisis in April 2010, to cut VAT as from 2011: Fin Min Bulgaria's minister of finance Simeon Djankov expects the country to emerge from the economic crisis next April and is planning to cut its 20% flat-rate value added tax (VAT) to 16% between 2011 and 2013. novinite.com: Bad Year Looms for Bulgarian Wine Producers Bulgarian grape growers and wine makers expect prices to go down, even lower than last season, the TV channel bTV reports.The price reduction will reflect the trend on the global markets, the increased expenses of Bulgarian producers to store and keep unsold wine, and their need of cash for the new crop.In addition, this year's rain and hail have damaged muc ... Yahoo!: EU reaches deal on cross-border financial supervisors (AFP) AFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucialmilestone" in efforts to reform a sector blamed for the global recession. Yahoo!: Romanian PM shakes up cabinet (AP) AP - Romanias unpopular government was in turmoil Thursday after the prime minister fired five Cabinet ministers, with the economy minister also saying he will quit. Financial Times: Geldof seeks $1bn for African investment plan The singer and campaigner for aid to the continent is seeking to raise money from institutional investors for a private equity venture on the continent Financial Times: Deal paves way for pan-EU financial watchdogs The European Union reached a long-awaited agreement on reform of financial supervision, paving the way for the establishment of three pan-EU watchdogs to oversee controls on banks and insurers in the region from next year novinite.com: Bulgaria Gives Go-Ahead to Trakiya Highway Last Section Bulgaria's prime minister will launch the construction works of the last section of Trakiya highway, linking the city of Yambol and the town of Karnobat, with a groundbreaking ceremony on Friday.The Bulgarian Road Infrastructure picked "Holding Roads" as winner in the tender for building of the 49km section of Trakiya Highway, also known as Lot 4.The offer o ... 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found

Financial Times - Europe World business, finance and political news from the Financial Times– FT.com Europe. View source archive --> Search this source --> ·Rise in US private sector jobs raises hope The US shed 54,000 jobs in August as the government dismissed more temporary census workers, but a rise in private sector employment offered hope that the economy could fend off a second recession ·Investors buoyed by better US jobs data Traders are piling into risky bets after a better than expected US labour market report reinforced hopes that the US economy can avoid sliding back into recession. ·Weak service data add to slowdown fears Service sector activity grew at the weakest pace in 16 months in August, heightening fears that the economy is beginning to stall ·BP disaster costs rise to $8bn BP said it had spent almost $2bn in the last month responding to its Gulf of Mexico oil spill, even as it plugged the leak, taking its total bill for the catastrophe to $8bn. ·France and UK seek closer military ties France and Britain have stepped up their talks about strengthening bilateral defence co-operation but ruled out the idea of sharing aircraft carriers as ‘utterly unrealistic’ ·Fears grow over global food supply Wheat prices have risen further in the wake of Russia’s decision to extend its grain export ban by 12 months, raising fears about a return to the food shortages and riots of 2007-08 ·China and US stage Yellow Sea wargames China and the US stage near-simultaneous naval exercises this week in the oceans around the Yellow Sea in one of the most open displays of the rising competition between the two rival forces in north Asia ·HSBC in clearest warning over relocation Warning given over British banks moving their headquarters abroad if UK government-appointed Commission on Banking were to decide that big groups should be broken up ·Deal paves way for pan-EU financial watchdogs The European Union reached a long-awaited agreement on reform of financial supervision, paving the way for the establishment of three pan-EU watchdogs to oversee controls on banks and insurers in the region from next year ·Geldof seeks $1bn for African investment The singer and campaigner for aid to the continent is seeking to raise money from institutional investors for a private equity venture on the continent

Yahoo! News: Business - European Economy Yahoo! News: Business - European Economy View source archive --> Search this source --> ·Experts see trouble ahead for developed world (AP) AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the UnitedStates and much of the industrialized world. ·European stocks soar on US data; dollar breaches 85 yen (AFP) AFP - European equities surged on Friday and the dollar jumped above 85 yen as financial markets welcomed a better-than-expected payrolls report in the United States. ·Swedish bank Carnegie buys troubled competitor (AP) AP - Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week. ·EU reaches deal on cross-border financial supervisors (AFP) AFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucialmilestone" in efforts to reform a sector blamed for the global recession. ·Romanian PM shakes up cabinet (AP) AP - Romanias unpopular government was in turmoil Thursday after the prime minister fired five Cabinet ministers, with the economy minister also saying he will quit. ·German car exports up 12 percent in August (AP) AP - German car exports kept growing in August as a healthier global economy fueled sales abroad, helping push up production, an industry group said Thursday. ·European stocks drop before ECB rate call (AFP) AFP- European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank. ·Driven by Germany, Europe posts 1% growth (AFP) AFP - Europe's economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half. ·Global stocks hit two-week high on manufacturing optimism (Reuters) Reuters - World stocks hit a two-week high on Thursday and oil prices rose as optimism from strong U.S. and Chinese manufacturing data extended into a second day ahead of a euro zone interest rate decision and key U.S. jobs data. ·Swiss economy grew 0.9 percent in second quarter (AP) AP - Official figures show that Switzerlands economy grew by 0.9 percent in the second quarter compared with the first three months of the year, largely on the back of higher domestic demand and corporate investments.

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