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Yahoo! News: Business - European Economy Updated : Thu, 24 Jul 2008 11:01:18 GMT ECB head says inflation will linger (AP) AP - European Central Bank President Jean-Claude Trichet warned Wednesday that euro nations are already seeing the first signs of an inflation price spiral, calling on governments to take care not to grant wage hikes that could fuel further price rises. Publ.Date: Wed, 09 Jul 2008 11:35:27 GMT Source: Yahoo.com EU wants co-operation with SEC on rating agencies: report (Reuters) Reuters - The European Commission wants to cooperate closely with the U.S. Securities and Exchange Commission (SEC) on the planned regulation of credit rating agencies, the German financial weekly Euro am Sonntag reported. Publ.Date: Sat, 19 Jul 2008 10:00:15 GMT Source: Yahoo.com European stocks return to slippery slope (AFP) AFP - A brief surge for Europe's main stock markets came to a halt on Thursday, with share prices falling again as heavyweight energy stocks tumbled in London amid cooler oil prices. Publ.Date: Thu, 24 Jul 2008 11:01:18 GMT Source: Yahoo.com EU bid to steal show at WTO falls flat (AFP) AFP - A bid by the European Union to kickstart crucial trade talks with a new-sounding offer on agriculture tariffs fell flat on Monday with Brazil denouncing the proposal as "gimmickry". Publ.Date: Mon, 21 Jul 2008 20:15:49 GMT Source: Yahoo.com Economy - Tuesday (Investor's Business Daily) Investor's Business Daily - In an effort to rescue the Doha round of trade talks, Trade Representative Susan Schwab said the U.S. offered to slice its trade-distorting farm aid by an additional $1.4 bil to $15 bil. The offer is contingent on Brazil, India and other emerging economies cutting tariffs on industrial goods, a key demand of rich nations in the World Trade Organization's seven-year-old talks. Emerging countries want the U.S. cap set near $12 bil. The EU and Japan also offered steep cuts. Rising prices cut U.S. spending on farm subsidies to roughly $7 bil last year, below the $48.2 bil allowed under WTO rules. Publ.Date: Tue, 22 Jul 2008 22:41:03 GMT Source: Yahoo.com

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