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EUROPEAN BUSINESS NEWS LINES

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ECB, Bank of England leave rates steady (AP)

European Central Bank president Jean-Claude Trichet speaks during a news conference in Zappeio Hall in Athens Thursday, May 8, 2008. The European Central Bank has left its interest steady at 4 percent, following a similar decision by the British central bank to leave its rate at 5 percent. (AP Photo/Thanassis Stavrakis)AP - The European Central Bank and the Bank of England both held their official interest rates steady on Thursday as rising inflation outweighed concerns about slowing economic growth across the European Union.





Euro sinks to 2-month low against the dollar (AP) AP - The euro declined to a two-month low against the dollar in Asia Thursday on speculation that weaker-than-expected euro-zone economic data might make the European Central Bank more pessimistic toward the region's overall economy.


New Irish PM makes winning EU vote first priority (AFP)

Outgoing Irish prime minister Bertie Ahern (L) and new premier Brian Cowen attend a commemoration for the leaders of the 1916 Rising at Arbour Hill in Dublin. Cowen vowed Wednesday to make winning a crunch EU referendum next month his first priority, immediately after being elected to succeed veteran leader Bertie Ahern.(AFP/Peter Muhly)AFP - Ireland's new premier Brian Cowen vowed Wednesday to make winning a crunch EU referendum next month his first priority, immediately after being elected to succeed veteran leader Bertie Ahern.





Dollar, global stocks lose ground after Friday gains (Reuters)

An investor looks at a personal digital assistant in front of an electronic board in a brokerage hall in Shanghai, April 30, 2008. China's key stock index jumped nearly 5 percent in heavy trade on Wednesday, led by oil refiners and Ping An Insurance, after companies' first-quarter earnings growth generally proved better than feared. (Stringer/Reuters)Reuters - The dollar and European stocks weakened slightly on Monday in holiday-thinned markets while euro zone government bonds rose after positions became oversold following Friday's better than expected U.S. employment data.





US slowdown affects Europe growth: French PM (AFP)

French Prime Minister Francois Fillon speaks at a news conference in Washington, DC. Fillon insisted here Friday that the French and European economies are sound, but that the US economic slowdown will effect Europe's growth.(AFP/File/Yuri Gripas)AFP - Visiting French Prime Minister Francois Fillon insisted here Friday that the French and European economies are sound, but that the US economic slowdown will effect Europe's growth.





US economic slowdown affects Europe growth: French PM (AFP)

French Prime Minister Francois Fillon speaks at a news conference in Washington, DC. Fillon insisted here Friday that the French and European economies are sound, but that the US economic slowdown will effect Europe's growth.(AFP/File/Yuri Gripas)AFP - French Prime Minister Francois Fillon insisted here Friday that the French and European economies are sound, but that the US economic slowdown will effect Europe's growth.





London stock market dips in morning trade (AFP)

People walk past the London Stock Exchange. London's FTSE 100 index of leading shares edged lower amid quiet European trade, with the Frankfurt and Paris markets shut for the May Day public holiday.(AFP/File/Shaun Curry)AFP - London's FTSE 100 index of leading shares edged lower on Thursday amid quiet European trade, with the Frankfurt and Paris markets shut for the May Day public holiday.





FTSE closes flat ahead of US rate decision (AFP)

An installation at the London stock exchange. Leading shares in London closed flat having reversed earlier gains ahead of the Federal Reserve's interest rate decision and after better-than-expected US economic data.(AFP/File/Ben Stansall)AFP - Leading shares in London closed flat on Wednesday, having reversed earlier gains ahead of the Federal Reserve's interest rate decision and after better-than-expected US economic data, balanced by weakness among the UK miners.





Eurozone inflation eases, economic confidence wilts: EU data (AFP)

Pre-packaged fruit and vegetables at a Tesco supermarket. Inflation in the 15 countries sharing the euro eased in April off a March record but confidence in the economy sank anyway to a the lowest point in two-and-a-half years, EU data has showed.(AFP/Getty Images/File/David Mcnew)AFP - Inflation in the 15 countries sharing the euro eased in April off record highs in March but confidence in the economy sank to a the lowest point in two-and-a-half years, EU data showed Wednesday.





German unemployment falls but misses expectations (AFP)

People walking into a branch of Germany's national employment agency AFP - Unemployment in Germany fell by less than expected in April, official data showed Wednesday, but officials and economists stressed it did not mean economic conditions were worsening.





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