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World 20 Sep 2005 | 12:00 AM

Schroeder vows to stay as Germany enters limbo

BERLIN (Reuters) - German Chancellor Gerhard Schroeder vowed not to give up his post without a fight after his party was pipped by Angela Merkel's conservatives in a tight election, setting the stage for weeks of political turmoil.

Business 05 Aug 2005 | 12:00 AM

Euro threatens dollar ahead of U.S. farm payrolls data release

The dollar continued to lose ground Thursday, with the euro now poised to break above the key $1.24 level and encouraging U.S. economic data no longer able to give the greenback much support.The euro advanced to a fresh 9-week high versus the dollar and a 15-week high against the yen as the dollar mostly declined against its major rivals in technically driven trading.

Nation 14 Jul 2005 | 12:00 AM

Euro-zone interest rates 'appropriate', KL meet told

Current euro-zone interest rates are right for the region's economic development, a European Commission official said Thursday at a European Union-Southeast Asia economic conference in Kuala Lumpur.

Business 13 Jul 2005 | 12:00 AM

EC, Bank Negara hold conference on role of euro

THE European Commission (EC) and Bank Negara are hosting today a 3-day conference themed I>Expanding Asean-EU Economic Links - The Role of the Euro/Iin Kuala Lumpur.

Business 08 Jul 2005 | 12:00 AM

US stocks close higher despite London terror attacks

Surprisingly calm investors pushed stocks modestly higher Thursday, helping Wall Street recover from steep early losses after the London terror attacks that killed at least 40 people and injured more than 700.

Business 08 Jul 2005 | 12:00 AM

ECB holds rates steady at 2% amid news of attacks

The European Central Bank kept its key interest rate unchanged at 2 percent, despite worries about growth and the unsettling news of terrorist attacks on the London transport network.

Business 08 Jul 2005 | 12:00 AM

European markets sink after explosions in London

Stocks sank in Europe and the pound hit a 19-month low against the U.S. dollar after a series of explosions in London's transportation system, but analysts said market recoveries later in the day suggested the economic effects would be brief.

Business 08 Jul 2005 | 12:00 AM

ECB president: No immediate need to act

Stocks slumped worldwide after terrorists set off four explosions that rocked London's subway and bus system and killed at least 33 people. The British pound hit a fresh 19-month low.

Business 08 Jun 2005 | 12:00 AM

Greenspan: Low rates need not signal weakening economy

Federal Reserve chairman Alan Greenspan said it was hard to say why long-term interest rates were so low, but that even if they moved below short rates it need not signal a weakening economy.

Business 07 Jun 2005 | 12:00 AM

European Central Bank head says EU integration proceeding despite 'no' votes

European Central Bank President Jean-Claude Trichet said Tuesday that Europe's move toward a single market was on track despite recent no'' votes in France and the Netherlands on the EU constitution.