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  • As expected the European Central Bank raised short-term interest rates to 3.5% from 3.25% and ECB President, Jean-Claude Trichet, has signalled that more hikes are on their way.

  • Bouygues Third-Quarter Profit Jumps 36% Thursday, 7 Dec 2006 | 4:50 AM ET

    French construction and telecom company Bouygues said Thursday strong growth in its construction and road building businesses boosted profit by 36%  in the third quarter.

  • Italian Block of Autostrade Deal Upheld Thursday, 7 Dec 2006 | 4:03 AM ET

    An Italian administrative court has ruled in favor of a government decision to block Autostrade's deal with Spanish infrastructure company Abertis Infraestructuras, Autostrade said Thursday.

  • U.K. Economic Growth Outlook Rises Wednesday, 6 Dec 2006 | 8:48 AM ET

    Gordon Brown, the U.K.’s Chancellor of the Exchequer, raised the growth forecast for Britain's economy Wednesday to an annual rate of 2.75% for 2006, compared to earlier forecasts of 2% to 2.5%.

  • ISS Recommends "Yes" on NYSE Merger Vote Wednesday, 6 Dec 2006 | 5:25 AM ET

    ISS, a global proxy advisory firm, recommended that Euronext shareholders vote in favor of the pan-European exchange's planned merger with New York Stock Exchange NYSE Group, Euronext said on Wednesday.

  • Porsche's August-November Sales Up Wednesday, 6 Dec 2006 | 5:21 AM ET

    Luxury automaker Porsche's sales in the first four months of its fiscal year were up nearly half a percent thanks to demand for its 911 and Boxster models, but the company said Wednesday it anticipated little growth until it releases its new Panamera in 2009.

  • Cyber Santa Shines Light in Europe's Retail Gloom Wednesday, 6 Dec 2006 | 5:12 AM ET

    Santa Claus is as likely to be coming through cyberspace in Europe this year as down the chimney stack.

  • Tesco Buys 8 Makro Stores in Malaysia Wednesday, 6 Dec 2006 | 4:04 AM ET

    Tesco, Britain's largest supermarket chain, said Wednesday it bought the Makro cash and carry business in Malaysia for an undisclosed sum.

  • Royal Bank of Scotland Bullish on Full-Year Results Wednesday, 6 Dec 2006 | 3:57 AM ET

    Royal Bank of Scotland Group said Wednesday that its full-year results are likely to be slightly higher than the market consensus due to growing income and efficiency gains.

  • Arcelor Mittal Sheds Thueringen Steel Plant Wednesday, 6 Dec 2006 | 3:52 AM ET

    Arcelor Mittal announced Wednesday it will sell the German steel company Stahlwerkl Thueringen to Spain's Grupo Alfonso Gallardo as part of its commitment to soothe EU antitrust worries.

  • Cable Company NTL Abandons ITV Bid Wednesday, 6 Dec 2006 | 2:51 AM ET

    Cable and telephone company NTL said Wednesday it has abandoned its takeover bid for Britain's largest independent television broadcaster ITV PLC and will concentrate on integrating its business units.

  • HSBC Says Revenue Growth Slows Tuesday, 5 Dec 2006 | 4:07 AM ET

    Europe's biggest bank HSBC Holdings  said on Tuesday its financial performance in the third quarter was ahead of a year ago but its underlying revenue growth slowed from the first half of the year.

  • Woolworths Says Sales May Not Meet Forecasts Tuesday, 5 Dec 2006 | 3:38 AM ET

    Woolworths Group, a British retailer of goods ranging from food to DVDs, said Tuesday it may not meet analysts' forecasts after sales fell in October and November.

  • Tesco U.K. Same-Store Sales Rise 5.6% Tuesday, 5 Dec 2006 | 3:33 AM ET

    Britain's biggest retailer, Tesco, met forecasts on Tuesday with a 5.6% rise in third-quarter like-for-like sales in its core U.K. market, excluding fuel.

  • Ahold Expects Tough Fourth Quarter Friday, 1 Dec 2006 | 11:00 AM ET

    Dutch retailer Ahold posted a third-quarter net profit on Friday, slightly above analysts' forecasts, and said the fourth quarter would continue to be challenging.

  • UK Manufacturing Growth Slows Friday, 1 Dec 2006 | 5:42 AM ET

    British manufacturing activity growth unexpectedly slowed in November to its weakest pace in eight months and firms' prices rose at their slowest rate in six months, a survey showed on Friday.

  • ThyssenKrupp Full-year Profit Rises 58% Friday, 1 Dec 2006 | 4:46 AM ET

    German industrial conglomerate ThyssenKrupp said Friday that its net profit rose by 58 percent in its latest fiscal year, helped by a robust steel business.

  • Britvic's Fizzy Drinks in Decline, Profits Flat Thursday, 30 Nov 2006 | 5:43 AM ET

    British soft drinks company Britvic  reported flat yearly profits on Thursday as increasingly health-conscious consumers shun its fizzy drinks such as Tango.

  • Germany's Jobless Total Falls Below 4 Million Thursday, 30 Nov 2006 | 5:40 AM ET

    Germany's unemployment rate dropped to 9.6 percent in November as the number of people out of work fell below 4 million for the first time in more than four years, government figures showed Thursday.

  • German Retail Sales Decline in October Thursday, 30 Nov 2006 | 4:56 AM ET

    German retail sales declined slightly in October, confounding expectations of rising consumer sentiment, according to government figures released Thursday.