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LONDON: European shares advanced to a 2005 high Thursday after the first interest-rate hike on the Continent in five years, as markets interpreted comments from European Central Bank Jean-Claude Trichet to mean that there would only be a limited number of subsequent rate hikes and as energy sector and MA moves offered support.
LONDON (Reuters) - Finance ministers from the world's richest nations headed for London on Friday to discuss free trade and the world economy as well as say farewell to Alan Greenspan, who soon bows out after 18 years as U.S. central bank chief.
Inflation in the 12 countries using the euro fell slightly for a second month to 2.4 percent in November, the EU statistical agency Eurostat said in its first estimate released Wednesday.
FRANKFURT, Germany: Stock markets fell across Europe Thursday as business confidence in Germany - Europe's largest economy - fell for the first time since the autumn.
Capital Talk: A comment by Tan Teng Boo, CEO, Capital Dynamics Sdn Bhd. He writes: BEN Bernanke, the incoming chairman of the US Federal Reserve, has openly said he favours inflation targeting. The outgoing chairman is opposed to conducting monetary policy in this manner.
LONDON: With oil prices touching five-month lows, the auto sector combined with MA to power European markets to a higher finish Friday.