German jobless rate falls further, but trend 'nearing end' (AFP)
28 Aug 2008 at 5:45am

AFP - German unemployment fell further in August, but the biggest European economy is flirting with recession and its job market will probably feel the effects later this year, analysts said Thursday.

Indian shares extend fall to 2 pct on day (Reuters)
28 Aug 2008 at 2:54am

Reuters - Indian shares extended losses to 2 percent on Thursday afternoon, ahead of weekly inflation data and a fall in European markets.

London shares close higher (AFP)
27 Aug 2008 at 9:46am

AFP - London shares closed higher on Wednesday, lifted out of earlier losses by an upbeat report on the US manufacturing sector which helped allay fears about the economic outlook, and amid a surge in oil prices.

German consumer, business confidence ebbs (AP)
26 Aug 2008 at 4:01am
AP - Consumer confidence in Europe's biggest economy declined for a fourth month in a row, sliding to another five-year low as lower energy prices failed to bolster Germans' likelihood of buying new goods, a report released Tuesday found.

IMF cuts world, euro zone growth outlook: source (Reuters)
25 Aug 2008 at 9:27am

Reuters - The International Monetary Fund has trimmed its forecasts for 2008 and 2009 world economic growth, largely due to a marked worsening in the outlook for the euro zone, a G20 finance official told Reuters on Monday.

British economy faces recession after zero growth (AFP)
22 Aug 2008 at 9:51am

AFP - Britain faced the threat of a recession on Friday after official figures showed the economy stuttered to a halt in the second quarter with its weakest performance for 16 years.

UK economic growth ground to a halt in Q2 (AP)
22 Aug 2008 at 3:52am
AP - British economic growth ground to a halt between April and June, ending more than 15 years of continuous expansion, the government said Friday, as many fear the country is headed for recession.

Dollar slips in profit taking (AFP)
18 Aug 2008 at 2:49pm

AFP - The dollar slipped back Monday as investors took profits after recent gains while the euro found only modest support from a market anticipating more weakness in the European economy.

Dollar slips on profit-taking (AFP)
18 Aug 2008 at 10:29am

AFP - The dollar slipped back Monday on profit-taking after recent gains while the euro found only modest support as the market anticipated more weakness in the European economy.

Industry group says UK facing recession (AP)
18 Aug 2008 at 3:58am
AP - A recession is likely to descend on Britain within the next six to nine months, the British Chambers of Commerce warned on Monday.

EU: Euro economy shrinks in second quarter (AP)
14 Aug 2008 at 12:38pm

AP - The euro-zone economy shrank 0.2 percent in the second quarter, EU statistics showed Thursday, raising recession fears as Germany, France and Italy braked sharply with high fuel and food prices holding back consumer spending.

FTSE shares weaken, banks under pressure (AFP)
13 Aug 2008 at 4:15am

AFP - London shares dipped on Wednesday, amid renewed jitters about the health of the world's top banks and slowing economic growth.

Dollar soars higher on euro zone woes (AP)
8 Aug 2008 at 1:44pm
AP - The dollar soared Friday in what analysts are calling a game-changing move as concerns about the deteriorating euro zone economy gripped investors and commodities sold off.

Dollar surges vs euro, trades at multi-month highs (Reuters)
8 Aug 2008 at 9:25am

Reuters - The dollar surged against the euro on Friday and was on track for its biggest one-day gain in about five years as evidence mounted the U.S. economic slowdown is spreading to the euro zone and around the world, damping the prospects of interest rate increases.

London shares slip (AFP)
8 Aug 2008 at 6:25am

AFP - London's FTSE 100 index of top companies stood at 5,5470.90 points, a loss of 0.12 percent, weighed down by losses to heavyweight mining shares.