World stocks took a beating on Monday and demand for safe-haven bonds and currencies rose as fears gripped investors that a troubled U.S. economy would drag others down with it. MSCI’s main world stock index was down 1.9 percent, nearing its 2007 low. The pan-European FTSEurofirst 300 was down 2.4 percent, taking its 2008 year-to-date

Official Launch of the Single Euro Payments Area   To mark the official launch of the SEPA (Single Euro Payments Area), Charlie McCreevy (Internal Market and Services Commissioner, European Commission), Gertrude Tumpel-Gugerell (Member of the Executive Board, European Central Bank) and Gerard Hartsink (Chairman, European Payments Council) are organising a high-level SEPA launch event, entitled

World stocks tumbled on Monday as fears gripped investors that a sliding U.S. economy would drag others down with it. Demand for safe-haven bonds and currencies soared. MSCI’s main world stock index, a benchmark gauge of stock markets globally, was down 2.9 percent, falling below its 2007 low to levels last seen in December 2006.

By Sitaraman Shankar LONDON, Jan 21 (Reuters) – European shares sank 5.6 percent by midday on Monday, threatening their worst one-day fall since the attacks of September 2001 as investors rattled by the spectre of a U.S. recession dumped stock across the board. At 1204 GMT, the FTSEurofirst index index of top European shares was

British Prime Minister Gordon Brown called on Monday for an overhaul of global institutions to counter financial crises, deal with new priorities such as climate change and recognise the rise of new powers like India. In a wide-ranging speech, he said the international institutions formed after World War Two, such as the United Nations, World

FRANKFURT (Reuters) – European companies outsourced more business than their counterparts in the Americas for the first time in 2007 as northern European countries followed Britain‘s lead, outsourcing consultancy TPI said. The value of outsourcing deals signed in Europe last year was $40.9 bln, compared with $26.6 billion in the Americas. The financial services sector

  Panasonic is displaying a wide range of its energy saving products and highlighting its initiatives aimed at reducing environmental impact during the manufacture of its advanced technology products, at the First World Future Energy Summit (WFES) that began Monday in Abu Dhabi. At the Summit, Panasonic is showcasing its various energy saving products including

The Internet Service company docdata announced that it has increased its interest from 30% in Pegasus e-Business GmbH in Munster (Germany) by an additional 40% to a majority share interest of 70%. The balance sheet and the income statement of Pegasus e-Business GmbH will be included in the consolidation of docdata starting January 1, 2008.