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Jan 7, 2012

EUROPE News, Jan 07, 2012

Best Buy December sales fall
BusinessWeek
Best Buy Co. says that weaker than expected traffic until the week before Christmas and low demand in Canada and Europe put a crimp in its December sales. The largest US electronics retailer said Friday that revenue in stores open at least two years ...
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Iran oil ban could herald economic disaster for Europe: energy experts
Tehran Times
Oil prices could spiral out of control and potentially herald deeper economic hardship forEurope if the European Union joins the US in banning Iranian oil imports, analysts warned. EU officials said on Wednesday that European governments agreed in ...
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US stocks fall, jobless rate lowest since February 2009
The Australian
US stocks fell for a second straight day but remained on track for weekly gains as investors weighed worries about Europe against a drop in US unemployment. Source: AFP US stocks fell for a second straight day but remained on track for strong weekly ...
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Volkswagen reports record 2011 sales
BusinessWeek
Germany's Volkswagen, Europe's largest automaker, says it saw record demand for its cars in 2011 with a total of 5.1 million sold worldwide. Volkswagen AG said Friday car sales were up 13.1 percent compared with the previous year. Europe and China were ...
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Mixed advice in Europe over faulty breast implants
abc40
France wants the European Union to stiffen its rules on authorizing medical devices amid a breast implant scandal involving a French company and affecting tens of thousands of women worldwide, the health minister said Thursday. The implants were pulled ...
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Italy's PM: No Nation Can Fight Debt Crisis Alone
ABC News
"Italy, in order to develop economically and socially, needs Europe, andEurope to be stronger needs Italy," Monti said in a speech in the northern city of Reggio Emilia at a ceremony honoring the Italian flag. "NoEuropean country is so strong that it ...
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ABC News
US Economy Brightens as Data Belie Gloomy Investors
Bloomberg
The combination indicates the world's largest economy has enough staying power to withstand a recession in Europe and a slowdown in China. “Markets are absolutely preoccupied about the risks from Europe and the US housing market,” said John Herrmann, ...
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Bloomberg
Obama Returns to Bush Plan for Cutting US Troops in Europe
BusinessWeek
6 (Bloomberg) -- The Obama administration plans to revert to a Bush-era plan to cut the number of US Army combat brigades in Europe in half as part of the Pentagon budget cuts to be announced within weeks, UK Defense Secretary Philip Hammond said. ...
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Euro Tumbles Against Dollar
Wall Street Journal
By JAVIER E. DAVID NEW YORK—A combination of strong US employment data and relentless fears about Europe's debt troubles sent the euro tumbling Friday to a new 15-month low against the dollar and its weakest level in 11 years against the yen. ...
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Wall Street Journal
Pound Rises 5th Week Versus Euro on Europe Debt Woes; Gilts Fall
BusinessWeek
7 (Bloomberg) -- The pound rose for a fifth week against the euro as signs the Europeandebt crisis is worsening spurred demand for the relative safety of the UK currency. Sterling climbed to the strongest in 15 months versus the single currency after ...
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MARKET SNAPSHOT: Earnings In Spotlight But Europe May Steal Show
NASDAQ
But Europe won't be far from their minds as the continent's sovereign debt woes show little sign of abating. "Attention is certain to turn to earnings next week. Investors will attempt to quantify the extent of earnings damage from the economic turmoil ...
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Europe starting to take control of deficits - ECB's Coene
Reuters
Markets will be reassured when budget plans start to show results * Belgium needs to save an extra 1 or 2 billion euros (Adds background, further quotes) BRUSSELS Jan 7 (Reuters) - Europe is starting to take control of its public deficits, ...
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Debt Fears Weigh on Europe, Asia
Wall Street Journal
Most European and Asian stock markets fell, as worries that the European debt crisis is deepening outweighed strong US jobs data and positive economic reports. Italy's 10-year government bond yield held solidly above 7%, rekindling fears about the ...
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Germany's CSU: Europe works even if some drop currency
Reuters
Horst Seehofer, leader of the conservative Christian Social Union (CSU), said in an interview with Deutschlandfunk radio that he did not agree with Merkel's statement "If the euro fails, Europe fails." "There are many healthy economies in Europe that ...
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Cameron set for new row with Europe over closer harmonisation
Telegraph.co.uk
David Cameron is facing a fresh row with France and Germany over plans to more closely integrate the European Union. By Robert Watts, Deputy Political Editor A draft treaty circulating in Brussels this weekend states that the 26 EU members states ...
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Telegraph.co.uk
OPEN MOVE 'COULD BE REGULAR EVENT'
FOXSports.com
Royal Portrush is widely recognised as one of the top golf courses in Europe and a number of professional events have been staged there in the past. It last hosted the Irish Open in 1947 and the Open Championship in 1951. The Irish Open was last held ...
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US weighs retaliation over Europe aviation law
Reuters
By John Crawley and Andrew Quinn | WASHINGTON (Reuters) - The Obama administration is laying the groundwork for possible retaliation in response to aEuropean law requiring airlines to pay for carbon emissions. Discussions between key agencies have ...
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Treasurys rise as Europe woes outweigh jobs report
BusinessWeek
By AP US government debt prices are rising as worries over Europe's debt crisis drive traders into the Treasury market. The price of the 10-year Treasury note is up 40.6 cents for every $100 in Friday afternoon trading. Its yield dipped to 1.95 percent ...
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Latest Hacking Scandal Arrest Suggests Focus on Cover-Up
New York Times
One of the executives who has been under pressure is James Murdoch, Rupert Murdoch's son, who leads News Corporation's European and Asian operations, and has long been considered a candidate to succeed his father as head of the company. ...
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This year's predictions for Europe? Outlook not good
Globe and Mail
The prediction addiction has not escaped your European business and economics correspondent. The new year is but a week old and some patterns are already emerging. It looks like energy prices, restructurings of both the sovereign and corporate variety ...
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Globe and Mail
Gartner cuts information-technology spending forecast for 2012
Danbury News Times
Worldwide information technology spending will increase less this year than expected a quarter ago, researcher Gartner Inc. said, citing instability in Europe and a shortage of hard-disk drives. Spending in the computing hardware, enterprise software, ...
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FOREX WEEK AHEAD: Euro Unlikely To Find Succor In ECB Policy Meeting
Wall Street Journal
The first week of 2011 hasn't been an encouraging one for Europe's common currency. After a brief bout of optimism fueled by improved manufacturing data at the beginning of the week, it eventually succumbed to broad pessimism about the debt crisis ...
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S.Africa faces big downside risk from Europe -IMF
Reuters Africa
BLOEMFONTEIN, South Africa Jan 7 (Reuters) - The euro zone crisis could hurt South Africa's economy and the country should maintain a supportive monetary policy to ensure growth in the medium term, the head of the International Monetary Fund said on...
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Germany is *Not* Europe's Richest Country
Forbes
Wouldn't it be better if the UK actually made more things instead of just these cissy services and anyway, Germany manufactures more than we do and they're: And there over the North Sea is the richest country in Europe: exemplary Germany, ...
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Why Hungary's New Constitution Could Be Bad for Europe
TIME
05, 2012 As Europe rang in 2012 with cautious optimism that new financial reforms may usher in a better year, Hungary's right-leaning conservative government enacted a new constitution which, opponents say, threaten the country's standing in the ...
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Europe: Lord Stirling's News Blog EUROPE
By Lord Stirling
Lord Stirling's news blog EUROPE. Please forward this site to several friends and post it on as many other sites as possible, thanks. Stirling. 1690 daily postings to this newsblog as of today. The Earl of Stirling has an ancient Scottish barony ...
Europe
How austerity is killing Europe — War in Context
By News Sources
How austerity is killing Europe. by News Sources on January 7, 2012. Jeff Madrick writes: On the last day of 2011, a headline in The Wall Street Journal read: “Spain Misses Deficit Target, Sets Cuts.” The cruel forces of poor economic logic ...
War in Context
XE.com - DIARY-Central banking in Europe next week
Search for a news provider, date, or keywords. News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles. DIARY-Central banking in Europe next week. Top Articles. Michelle Obama ...
XE Forex News
One of Europe's biggest ever forgery scams | Olive Press ...
By Wendy Williams (News Editor)
Spanish police made 25 arrests after discovering gang printing fake 50-euro notes.
Olive Press Newspaper Spain
EXHUMED Announce "Grind Over Europe Tour 2012" « News ...
By Chee Kam
Following their first ever trek through Brazil with Aborted, California goregrind ministers Exhumed will spray their blood overseas next month on the "Grind Over Europe Tour…
PureGrainAudio.com
War News Updates: U.S. Troops To Be Cut In Europe
By War News Updates Editor
6 (Bloomberg) -- The Obama administration plans to revert to a Bush-era plan to cut the number of U.S. Army combat brigades in Europe in half as part of the Pentagon budget cuts to be announced within weeks, U.K. Defense Secretary Philip ...
War News Updates
How Europe's year of indecision sowed seeds of future conflict ...
Closer fiscal union and the emergence of a two-speed Europe threaten a vicious deflationary debt spiral. ... THE SMART NEWS SOURCE | Jan 07 2012 08:44 | LAST UPDATED Jan 07 2012 08:44. ADVERTISE WITH US | CONTACT US ...
Mail & Guardian News Feed
Sigulda Festival 2012 – Europe's Biggest Snow Sports Spectacular!
By Mike Wheatley
Enjoy winter sports action at its best with the Sigulda Winter Festival 2012, with events ranging from skiing and snowboarding to the luge Viessmann World Cup, cross country skiing and more.
Argophilia Travel News
Iran's Quds Force expanding in Europe, S. America - Care2 News ...
By Cal Mendelsohn
Iranian force responsible for operations overseas believed to be increasing presence in effort to deter West from taking action against its nuclear program.
Care2 News Network
Stop NATO news: January 7, 2012 « Stop NATO
By richardrozoff
Stop NATO news: January 7, 2012. January 7, 2012 richardrozoff Leave a comment Go to comments. ==== Europe: U.S. Army Launches First Command-Level Missile Defense Unit. Interceptor Missiles: U.S. Guided Missile Warship Deploys ...
Stop NATO
• Denigrating Religious Stupidity | EuropeNews
EuropeNews 25 Dec 2011. By Henrik R. Clausen While I was working on a polite essay ”What is 'denigration', really?”, events overtook the intended polite and ...
europenews.dk/en/node/50707
Europe: Still a huge pain in the neck for investors
By Hibah Yousuf Mario Draghi, the president of the European Central Bank, dismisses the idea of a euro break-up but also is opposed to setting up the ECB as ...
money.cnn.com/2012/01/03/markets/europe_risk/index.htm
Top stories from Europe News Bureau in 2011 | ABS-CBN News
LONDON - From the gripping tales of escaping evacuees to a royal wedding, religious rites and celebrations, sentimental goodbyes and triumphs, to interviews ...
www.abs-cbnnews.com/.../top-stories-europe-news-bureau-20...
Dollar dips on negative European news
Dollar dips on negative European news. January 6, 2012 - 1:04PM. Read later. The Australian dollar was lower in afternoon trade following a series of negative ...
www.smh.com.au/.../dollar-dips-on-negative-european-news-2...
BBC News - A look inside the hidden corners of Sacre Coeur in Paris
It is one of Paris's most famous and most photographed buildings, the basilica of Sacre Coeur ...
www.bbc.co.uk/news/world-europe-16337239
Lawyers to compete in ice swimming championships - Europe News
News, views and gossip on leading law firms (including what they pay). The latest legalnews and salary information and everything else the slightly bored ...
www.rollonfriday.com/TheNews/EuropeNews/.../Default.aspx
US Stocks Down On Europe Worries, But On Track For Weekly Gains
"There are still a lot of uncertainties in Europe. ... In corporate news, Alcoa slumped 1.9% to lead the Dow decliners after the aluminum producer said it ...
online.wsj.com/article/BT-CO-20120106-709433.html
Contactless payments gain ground in Europe: News from Warc.com
Case Studies Topics & Trends News & Opinion Forecasts & Data Your Warc ... Key briefings from the industry's major events in the US, Europe and Asia Pacific. ...
www.warc.com/.../Contactless_payments_gain_ground_in_Eu...
Balkans.com Business News : A crisis in Europe could dampen ...
With the economy growing at a record pace, Turkey's leaders exude confidence it can dodge any eurozone crisis fallout, but analysts warn a slowdown in its top ...
www.balkans.com/open-news.php?uniquenumber=131275
N. American economies will 'decouple' from Europe - Business ...
The North American and European economies will decouple next year, as Europe'sgross domestic product will shrink while Canada and the U.S. grow, BMO ...
www.cbc.ca/news/business/story/.../bmo-porter-2012-gdp.html

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