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London down 0.11% as European stocks drop at open

European stock markets fell at the start of trading on Friday — the end of a turbulent week for equities owing to the Cyprus bailout and banking crisis. At the open, London’s benchmark FTSE 100 index slipped 0.11 percent to 6,381.35 points, Frankfurt’s DAX 30 lost 0.19 percent 7,917.64 points…

Italian lawmakers set to approve key reforms

Italian lawmakers were set to give the nod Saturday to a reform package aimed at staving off bankruptcy, as Greece got to work on its own economic makeover after a week of eurozone debt trauma. Italy’s lower house of parliament was to meet from 1130 GMT to give final approval…

World stocks surge on eurozone debt hopes

Global stocks rallied for a second day with a strong advance in Europe and Asia on Tuesday on signs that EU and world leaders are preparing a blockbuster response to the eurozone debt crisis. The euro steadied against the dollar as Greek Prime Minister George Papandreou headed for talks with…

Merkel calls for calm as Obama urges action on euro

German Chancellor Angela Merkel tried on Tuesday to reassure volatile markets that the eurozone will stay intact after US President Barack Obama urged greater efforts to solve the EU debt crisis. But the euro dropped against the dollar and European stock markets fell as concerns over Greece outweighed news that…

Markets hit new low despite world leaders’ positive talk

Efforts by US President Barack Obama and other global leaders to restore confidence failed to do the trick Tuesday as markets hit new lows in a massive sell-off driven by fears of a new recession. European stock markets fell deeply into the red in morning trade, with early gains for…

World stocks dive amid fresh recession fears

Global stocks plunged on Friday on the increasing prospect of a sharp economic downturn, with attention focused on US jobs data, widely expected to deepen the gloom of flagging growth and eurozone debt. European stock markets initially dived 3.0-4.0 percent after heavy falls in Asia and on Wall Street as…

New recession fears loom as world stocks dive

Global stocks plunged on Friday on the increasing prospect of a sharp economic downturn, with attention focused on US jobs data, widely expected to deepen the gloom of flagging growth and eurozone debt. European stock markets initially dived 3.0-4.0 percent after heavy falls in Asia and on Wall Street as…

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