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Trichet calls for united EU at the IMF (AFP)

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Jean-Claude Trichet, Governor of the European Central Bank, gives a press conference at the Ambrosetti Forum at the Villa d'Este hotel in Cernobbio on the Como Lake, northern Milan. European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.(AFP/Olivier Morin)AFP - European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.




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EU decision on support for banks due November: commissioner (AFP)

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Spain's European Commissaire Joaquin Almunia speaks to journalists during a press conference at the Ambrosetti Forum on the Como Lake in northern Milan. Brussels will say in November if it is to extend support for troubled European banks, but will move more quickly on the troubled Anglo Irish Bank, Almunia said Saturday.(AFP/Olivier Morin)AFP - Brussels will say in November if it is to extend support for troubled European banks, but will move more quickly on the troubled Anglo Irish Bank, the EU's competition commissioner said Saturday.




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Experts see trouble ahead for developed world (AP)

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Israeli President Shimon Peres, center, arrives for the 'Intelligence on the World, Europe, and Italy' economic forum, at Villa d'Este, in Cernobbio, on Lake Como, Italy, Friday, Sept. 3, 2010. (AP Photo/Luca Bruno)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 United States and much of the industrialized world.




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European stocks soar on US data; dollar breaches 85 yen (AFP)

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A trader sits in front of a board displaying the German share index DAX at the stock exchange in Frankfurt. European equities surged on Friday and the dollar jumped above 85 yen as financial markets welcomed a better-than-expected payrolls report in the US.(AFP/DDP/File/Martin Oeser)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.




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Swedish bank Carnegie buys troubled competitor (AP)

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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.

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EU reaches deal on cross-border financial supervisors (AFP)

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Europe took a big step closer to its goal of creating cross-border financial supervisors, reaching a AFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector blamed for the global recession.




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Romanian PM shakes up cabinet (AP)

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FILE - In this file picture taken on Tuesday, Oct. 13, 2009, Romanian Premier Emil Boc, center, speaks to media shortly after his government failed in a confidence vote in Bucharest, Romania. Romania's unpopular government appeared to be on the brink of collapse on Thursday Sept. 2, 2010, after premier Emil Boc fired four Cabinet ministers, with the economy minister also saying he wants to quit. Romania is mired in its worst recession of the past two decades and the government slashed public sector wages by a quarter and hiked sales tax from 19 to 24 percent on July 1 to reduce the budget deficit. (AP Photo/Vadim Ghirda, File)AP - Romania's unpopular government was in turmoil Thursday after the prime minister fired five Cabinet ministers, with the economy minister also saying he will quit.




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German car exports up 12 percent in August (AP)

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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.

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European stocks drop before ECB rate call (AFP)

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File photo of a trader at the Frankfurt stock exchange. 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.(AFP/DDP/File/Martin Oeser)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.




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Driven by Germany, Europe posts 1% growth (AFP)

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A smelter works with raw iron on a Salzgitter blast furnace in Salzgitter, Germany, in March. 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.(AFP/DDP/File/Nigel Treblin)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.




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