International Business News - europe http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Three big European mass-market carmakers--Germany's Volkswagen, Italy's Fiat and France's Peugeot-Citroen--staved off the impact of higher gas prices and skyrocketing raw materials costs to post higher profits Wednesday even amid growing economic uncertainty. http://www.ibtimes.com/data/articleimgs/96448-france-earns-peugeot-citroen.jpg http://www.ibtimes.com/articles/20080723/profit-up-for-volkswagen-peugeot-citroen-fiat.htm http://www.ibtimes.com/articles/20080723/profit-up-for-volkswagen-peugeot-citroen-fiat.htm Wed, 23 Jul 2008 15:08:44 EDT For more than six decades, the family of U.S. Army 1st Lt. Archibald Kelly had no way of being certain he was killed when his bomber smashed into a rocky cliff in Croatia in World War II. http://www.ibtimes.com/articles/20080712/us-searches-for-ww2-dead-in-east-europe.htm Sat, 12 Jul 2008 06:33:57 EDT U.S.-traded shares of Elan Corp. PLC declined on Friday after two analysts dealt the Irish drug maker's stock a "Sell" rating, saying recent gains are unwarranted. http://www.ibtimes.com/articles/20080711/adrs-in-focus-elan-adrs-slump-amid-sell-ratings.htm Fri, 11 Jul 2008 15:31:38 EDT Despite trouble on the home front, General Motors Corp. is posting strong sales overseas. GM Europe said Wednesday that its sales rose by nearly 3 percent in the first half of this year, bolstered by stronger demand for its Chevrolet brand, but its June sales dropped by 5.5 percent. http://www.ibtimes.com/articles/20080709/gm-chevy-sales-bolster-6-month-figures.htm Wed, 09 Jul 2008 17:32:03 EDT Despite trouble on the home front, General Motors Corp. is booming in Europe. GM said Wednesday it recorded record sales of nearly 1.2 million vehicles in Europe in the first six months of this year. That is an increase of 3 percent over last year. http://www.ibtimes.com/articles/20080709/general-motors-reports-record-sales-in-europe.htm Wed, 09 Jul 2008 10:38:08 EDT Shares of European pharmaceutical companies mostly traded higher Tuesday afternoon, with the top gainers including GlaxoSmithKline PLC and AstraZeneca PLC. http://www.ibtimes.com/articles/20080708/adrs-in-focus-european-pharma-shares-rise.htm Tue, 08 Jul 2008 14:41:23 EDT Wary of higher energy and commodity prices, the European Central Bank raised its benchmark interest rate Thursday by a quarter percentage point to 4.25 percent, a move it hopes will help curtail rising inflation in the 15 countries that use the euro. http://www.ibtimes.com/data/articleimgs/85055-europe-interest-rates.jpg http://www.ibtimes.com/articles/20080703/ecb-expected-to-raise-interest-rates-thursday.htm http://www.ibtimes.com/articles/20080703/ecb-expected-to-raise-interest-rates-thursday.htm Thu, 03 Jul 2008 12:46:18 EDT Countries in eastern Europe will have to open up to new waves of immigrants to prevent their economies being hobbled by labor shortages caused by rapidly aging populations, a senior World Bank economist warned Wednesday. http://www.ibtimes.com/articles/20080702/eastern-europe-urged-to-take-in-immigrant-workers.htm Wed, 02 Jul 2008 18:20:22 EDT The Pentagon said Tuesday that Lithuania would be a "good alternative" to Poland as the site for a U.S. missile defense base if negotiations with the Poles fail. http://www.ibtimes.com/articles/20080701/gates-says-lithuania-would-be-good-missile-site.htm Tue, 01 Jul 2008 19:00:35 EDT Shares of Barclays PLC and UBS AG trading in the United States helped pull down an index of European ADRs Tuesday, after a boardroom reshuffle and buyout rumors. http://www.ibtimes.com/articles/20080701/adrs-in-focus-europe-slides-with-ubs-barclays.htm Tue, 01 Jul 2008 15:03:37 EDT U.S.-traded shares of Barclays PLC slipped Friday after a Citi Investment Research analyst said the British bank will need to raise almost $18 billion in addition to the nearly $9 billion it has raised this week. http://www.ibtimes.com/articles/20080627/adrs-in-focus-barclays-group-edges-down.htm Fri, 27 Jun 2008 16:02:34 EDT Northwest Airlines Inc. says it will end Connecticut's only daily, nonstop service to Europe in October because of slumping passenger demand and record-setting fuel prices. http://www.ibtimes.com/articles/20080627/northwest-to-end-daily-europe-flight-from-conn.htm Fri, 27 Jun 2008 12:56:33 EDT U.S. shares of European banks moved higher Wednesday after Barclays Group PLC said it plans to raise $8.85 billion by selling new stock. The London-based company said the move will strengthen its financial position and help Barclays take advantage of turmoil in the financial markets. Investment groups from Qatar, Japan, Singapore and China have agreed to make significant investments in the company. http://www.ibtimes.com/articles/20080625/adrs-in-focus-european-bank-stocks-move-higher.htm Wed, 25 Jun 2008 15:34:07 EDT Treasury Secretary Henry Paulson will travel to Russia, Germany and Britain in late June and early July for discussions with foreign finance ministers about the global economy, the Treasury Department announced Tuesday. http://www.ibtimes.com/articles/20080624/paulson-traveling-to-russia-germany-and-britain.htm Tue, 24 Jun 2008 13:11:45 EDT Police across Europe on Monday detained 75 people suspected of funneling illegal immigrants--mainly Iraqi Kurds--into northern Europe, French officials said. http://www.ibtimes.com/articles/20080623/european-police-nab-iraq-immigrant-ring.htm Mon, 23 Jun 2008 15:41:30 EDT Shares of Irish drug maker Elan Corp. PLC hit a six-year high Monday as one analyst predicted success for its Alzheimer's disease treatment bapineuzumab, and another voiced skepticism about a rival drug. http://www.ibtimes.com/articles/20080623/adrs-in-focus-elan-climbs-to-6-year-high.htm Mon, 23 Jun 2008 12:32:40 EDT Nuclear sites in Europe controlled by the Air Force need upgrades to meet Defense Department security requirements, according to an internal report recently made public. http://www.ibtimes.com/articles/20080621/report-european-nuclear-facilities-need-security-upgrades.htm Sat, 21 Jun 2008 12:59:28 EDT Venezuelan President Hugo Chavez threatened on Thursday to punish European countries that apply controversial new rules for deporting illegal immigrants by denying them oil and blocking their investments. http://www.ibtimes.com/articles/20080620/chavez-condemns-eu-immigration-rules.htm Fri, 20 Jun 2008 08:31:14 EDT Venezuelan President Hugo Chavez threatened on Thursday to punish European countries that apply controversial new rules for deporting illegal immigrants by denying them oil and blocking their investments. http://www.ibtimes.com/data/articleimgs/75619-correction-venezuela-paraguay.jpg http://www.ibtimes.com/articles/20080619/chavez-threatens-to-block-europe-from-oil.htm http://www.ibtimes.com/articles/20080619/chavez-threatens-to-block-europe-from-oil.htm Thu, 19 Jun 2008 21:34:39 EDT U.S. shares of European banks fell Wednesday as a raft of news pressured the financial sector. On Wednesday, Morgan Stanley reported a 61-percent decrease in its fiscal second-quarter profit as it sold some assets and felt the impact of the credit crisis. The bank's revenue fell short of expectations. http://www.ibtimes.com/articles/20080618/adrs-in-focus-european-bank-stocks-slide.htm Wed, 18 Jun 2008 15:55:47 EDT