A brief report providing a comprehensive look at major trading activity in the European markets.
Climate treaty unlikely this year concludes Barcelona environment talks as British Finance Minister warns against lifting special economic measures as recovery still fragile.
...MOREGM is to slash 10,000 jobs across Europe as it restructures Opel and Vauxhall. The Bank of England extends its quantitative easing programme as the ECB leaves interest rates unchanged.
...MORESociete Generale reported a Q3 profit of 426 million euros falling short of forecasts.
...MORELloyds and RBS raise new capital and agree to sell of businesses in the latest shake up of the UK banking system; UBS suffers fourth straight quarterly loss; EC predicts Europe's economy will rebound next year and accelerate in 2011.
...MORERussia issues a new gas warning to Europe after Ukraine signals payment problems. Uk to create three new High Street banks. Ryanair issues warning to Boeing over new aircraft order. Ailing American lender CIT Group has filed for bankruptcy protection
...MOREGerman carmaker begins work on new Hungary plant, creating 2,500 jobs
...MOREEU leaders meeting in Brussels are urged to resolve the deadlock over funding climate change ahead of the Copenhagen conference in December. Shell reports sharp drop in Q3 profit as Deutsche Bank triples net profit.
...MOREEuropean Union gives green light to Northern Rock split. German business software specialists SAP trims 2009 software sales outlook. Steel giant ArcelorMittal returns to profit.
...MOREOil company BP's third quarter profits more than halved what they were last year. But results exceeded analyst's expectations.
...MOREING is splitting its banking and insurance businesses as part of deal with Brussels. UK opposition Conservatives would end bonuses in British retail banks as France's central bank chief warns that banks should be preserving capital.
...MORECopyright info: Reuters
All syndicated content presented here is property of the original publisher