Search Results for 'EU'

European central banks under pressure to cut rates

The European Central Bank and the Bank of England are under mounting pressure to cut interest rates aggressively this week amid signs that the economic slump will be deeper and more prolonged than previously expected. While many observers [...]

Posted On : Dec, 02 2008 | Comments : 0

Economic gloom depresses the euro

The euro has hit a fresh one-year low against the US dollar amid renewed worries about the health of the European economy. The single currency fell to $1.3933 in Asian trade - its lowest level since September 2007. It later edged up slightl [...]

Posted On : Sep, 11 2008 | Comments : 0

Gordon Brown forced to abandon fuel aid plan after EU ruling...

Gordon Brown’s plan to help families struggling with rising fuel bills was in tatters last night after a scheme to make energy companies pay more for pollution permits was dismissed as unworkable, The Times has learnt. The Prime Min [...]

Posted On : Sep, 04 2008 | Comments : 0

Jaguar Land Rover Selects FGAFS As Exclusive European Financ...

Jaguar Land Rover has selected Fiat Group Automobiles Financial Services (FGAFS) to be its exclusive partner in the main European markets, providing a full range of automotive financial services for its dealers and customers. FGAFS w [...]

Posted On : Jul, 30 2008 | Comments : 0

InBev Offers $46.3 Billion in Cash for Anheuser-Busch

InBev NV offered to buy Anheuser- Busch Cos., the maker of Budweiser beer, for $46.3 billion in cash to create the world's biggest brewer with half of the U.S. market. Anheuser-Busch jumped 10 percent in late New York trading yesterday af [...]

Posted On : Jun, 12 2008 | Comments : 0

European Stocks Fall, U.S. Futures Decline; B&B, HBOS Tumble...

European stocks fell for the first time in four days as Bradford & Bingley Plc said it will raise capital, reviving concern credit losses are spreading. U.S. index futures dropped, while shares in Asia rose. Bradford & Bingley tum [...]

Posted On : Jun, 02 2008 | Comments : 0

Euro marginally lower against US dollar

The euro lost a little ground against the U.S. dollar Monday, a holiday in the U.S. and Britain, but held most of the gains it made amid rising oil prices at the end of last week. The 15-nation euro bought US$1.5774 in late afternoon Europ [...]

Posted On : May, 27 2008 | Comments : 0

Anheuser-Busch's Changes Lowered Defenses Against Bid

Anheuser-Busch Cos., the largest U.S. brewer, made its board easier to replace and abandoned its so- called poison pill earlier this decade, moves that will make it harder to fend off a takeover attempt by InBev NV. InBev, based in Leuv [...]

Posted On : May, 24 2008 | Comments : 0

Forex - Euro gets a fillip from surprise improvement in Germ...

The euro surged to its highest in nearly a month against the dollar after a key German survey of confidence showed a surprise improvement. The Ifo institute's business climate index rose to 103.5, confounding predictions of a fall to 101. [...]

Posted On : May, 21 2008 | Comments : 0

Dollar Declines Against Euro Before Housing, Sentiment Repor...

The dollar snapped three days of gains against the euro before reports that may show U.S. housing starts fell to a 17-year low and consumer confidence slumped to the weakest in 26 years. The U.S. currency pared its weekly advance versus t [...]

Posted On : May, 16 2008 | Comments : 0

Microsoft appeals $1.4 billion EU fine

Microsoft Corp., the world's largest softwaremaker, asked a court to overturn or reduce a record $1.4 billion European Union fine for failing to comply with an antitrust ruling. The appeal was filed at the European Court of First Instanc [...]

Posted On : May, 10 2008 | Comments : 0

Euro-zone inflation eases in April

Consumer price inflation in the euro area rose at an annual pace of 3.3% in April, according to a preliminary estimate by the statistical agency Eurostat. That's still well above the ECB's medium-term target of just below 2%, but ends month [...]

Posted On : Apr, 30 2008 | Comments : 0

Microsoft Gets Record Fine and a Rebuke From Europe

The European antitrust regulator imposed a record $1.35 billion fine against Microsoft on Wednesday in a ruling intended to send a clear message to the world’s largest software maker — and to any other company — of t [...]

Posted On : Feb, 28 2008 | Comments : 0

Dollar Trades Near Seven-Week High Against Euro on Rate Outl...

The dollar traded near a seven-week high against the euro and climbed against Asian currencies as accelerating inflation restricted the U.S. Federal Reserve's room for interest-rate cuts.The U.S. cuency gained against 12 of the 17 maj [...]