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<title><![CDATA[IBTimes.com : Europe Economy]]></title>
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  <title><![CDATA[GCC: Can The Arab Gulf States Form A Political And Economic Union To Rival The EU And Shut Out Iran?]]></title>
  <description><![CDATA[The contemplated union of Saudi Arabia and Bahrain forms only one part of a potentially much wider alliance -- the political, military and economic integration of the Gulf Cooperation Council (GCC), which comprise Saudi Arabia, Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE) and Oman.]]></description>
  <guid>http://www.ibtimes.com/articles/345737/20120526/gcc-arab-gulf-states-saudi-arabia-kuwait.htm</guid>
  <link>http://www.ibtimes.com/articles/345737/20120526/gcc-arab-gulf-states-saudi-arabia-kuwait.htm</link>
  <pubDate>Sat, 26 May 2012 13:30:59 EDT</pubDate>
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  <title><![CDATA[Moscow’s Airport Battle: How The Kremlin Is Moving To Wrest Control Of A $5 Billion Facility From Oligarchs]]></title>
  <description><![CDATA[It’s between the government and the private owners of Domodedovo, with the former trying by many accounts to pry control of Russia&#039;s most lucrative airport from the shadowy company that runs it.]]></description>
  <guid>http://www.ibtimes.com/articles/345735/20120526/moscow-domodedovo-russia-business-putin.htm</guid>
  <link>http://www.ibtimes.com/articles/345735/20120526/moscow-domodedovo-russia-business-putin.htm</link>
  <pubDate>Sat, 26 May 2012 13:24:48 EDT</pubDate>
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  <title><![CDATA[More Sympathy to Sub-Saharan Africa than Greece: IMF Chief Christine Lagarde]]></title>
  <description><![CDATA[IMF Chief Christine Lagarde says she is more worried about poverty in Sub-Saharan Africa than those facing poverty in Greece.]]></description>
  <guid>http://www.ibtimes.com/articles/345680/20120526/greek-exit-imf-chief-christian-lagarde-austerity.htm</guid>
  <link>http://www.ibtimes.com/articles/345680/20120526/greek-exit-imf-chief-christian-lagarde-austerity.htm</link>
  <pubDate>Sat, 26 May 2012 05:04:28 EDT</pubDate>
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  <title><![CDATA[Cookie Law Deadline Ends, Majority of UK Online Retailers Yet to Comply]]></title>
  <description><![CDATA[The UK cookie law is part of the European Union e-privacy directive introduced in 2003.]]></description>
  <guid>http://www.ibtimes.com/articles/345670/20120526/uk-cookie-law-comes-effect-online-privacy.htm</guid>
  <link>http://www.ibtimes.com/articles/345670/20120526/uk-cookie-law-comes-effect-online-privacy.htm</link>
  <pubDate>Sat, 26 May 2012 03:25:33 EDT</pubDate>
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  <title><![CDATA[Bankia Seeks €19bn Rescue, Fears of Spanish Bailout Mount]]></title>
  <description><![CDATA[Bankia restated its 2011 results putting the loss at €2.98bn against the earlier reported €309m profit.]]></description>
  <guid>http://www.ibtimes.com/articles/345650/20120526/spain-bankia-bailout-junk-rating-european-union.htm</guid>
  <link>http://www.ibtimes.com/articles/345650/20120526/spain-bankia-bailout-junk-rating-european-union.htm</link>
  <pubDate>Sat, 26 May 2012 00:45:46 EDT</pubDate>
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  <title><![CDATA[The Pain In Spain: Bankia Bailout, 5 Credit-Rating Downgrades]]></title>
  <description><![CDATA[Spain&#039;s Bankia S.A. requested the country&#039;s government provide it with a bailout worth €19 billion ($24 billion) on Friday, the same day Standard & Poor&#039;s Ratings Services said it lowered its ratings on five financial institutions based in the Iberian nation.]]></description>
  <guid>http://www.ibtimes.com/articles/345643/20120525/spain-spanish-banking-crisis-bankia-financial-catalonia.htm</guid>
  <link>http://www.ibtimes.com/articles/345643/20120525/spain-spanish-banking-crisis-bankia-financial-catalonia.htm</link>
  <pubDate>Fri, 25 May 2012 23:30:19 EDT</pubDate>
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  <title><![CDATA[What Would An Independent Scotland Look Like?]]></title>
  <description><![CDATA[However, it remains far from certain that the Scottish public even wants independence.]]></description>
  <guid>http://www.ibtimes.com/articles/345567/20120525/scotkland-independence-union-uk-london-salmond-snp.htm</guid>
  <link>http://www.ibtimes.com/articles/345567/20120525/scotkland-independence-union-uk-london-salmond-snp.htm</link>
  <pubDate>Fri, 25 May 2012 13:53:46 EDT</pubDate>
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  <title><![CDATA[Airbus Smells Good Business In Wider Plane Seats For Bigger Americans]]></title>
  <description><![CDATA[U.S. government data says that one American in three is obese -- and a European plane maker sees it as a sales opportunity.]]></description>
  <guid>http://www.ibtimes.com/articles/345555/20120525/airbus-boeing-airlines-seats-320-obese-obesity.htm</guid>
  <link>http://www.ibtimes.com/articles/345555/20120525/airbus-boeing-airlines-seats-320-obese-obesity.htm</link>
  <pubDate>Fri, 25 May 2012 13:02:03 EDT</pubDate>
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  <title><![CDATA[European Consumers Are Confident: Reports]]></title>
  <description><![CDATA[European consumers, at least those in the continent&#039;s two biggest economies, are confident despite the euro zone&#039;s sovereign debt crisis, according to two reports released Friday.]]></description>
  <guid>http://www.ibtimes.com/articles/345529/20120525/consumer-confidence.htm</guid>
  <link>http://www.ibtimes.com/articles/345529/20120525/consumer-confidence.htm</link>
  <pubDate>Fri, 25 May 2012 12:16:04 EDT</pubDate>
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  <title><![CDATA[Goldman Sachs, Bank of America Downgrade India's Growth Outlook]]></title>
  <description><![CDATA[India&#039;s growth story comes crashing with Goldman Sachs and Bank of America-Merrill Lynch being the latest global firms to downgrade economic forecasts for the country on Friday.]]></description>
  <guid>http://www.ibtimes.com/articles/345454/20120525/goldman-sachs-bank-america-slash-india-growth.htm</guid>
  <link>http://www.ibtimes.com/articles/345454/20120525/goldman-sachs-bank-america-slash-india-growth.htm</link>
  <pubDate>Fri, 25 May 2012 09:27:34 EDT</pubDate>
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  <title><![CDATA[Spain's Bankia Suspends Shares On Bailout Rumors]]></title>
  <description><![CDATA[Bankia, Spain&#039;s fourth largest bank, reportedly asked for the suspension ahead of a board meeting on Friday afternoon aimed at redrawing its accounts for 2011 and submitting a plan to bolster its finances.]]></description>
  <guid>http://www.ibtimes.com/articles/345404/20120525/bankia-spain-bailout-debt-crisis-eu.htm</guid>
  <link>http://www.ibtimes.com/articles/345404/20120525/bankia-spain-bailout-debt-crisis-eu.htm</link>
  <pubDate>Fri, 25 May 2012 07:44:53 EDT</pubDate>
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  <title><![CDATA[After Greece Exits The Euro, What's Next? An Illustrated Guide To 5 Possible Scenarios]]></title>
  <description><![CDATA[Moving swiftly from the realm of tin foil-hat conspiracy to a bullet point being openly talked about as a fait accompli by international financiers, an exit by Greece from the European common currency dominated conversation this week. But what would actually happen if Greece left the euro?.]]></description>
  <guid>http://www.ibtimes.com/articles/345354/20120525/euro-crisis-greece-exit-drachma-default-geuro.htm</guid>
  <link>http://www.ibtimes.com/articles/345354/20120525/euro-crisis-greece-exit-drachma-default-geuro.htm</link>
  <pubDate>Fri, 25 May 2012 05:52:02 EDT</pubDate>
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  <title><![CDATA[BSE Sensex, NSE Nifty Hover Between Red And Green; Oil, Auto And IT Shares Worst Hit]]></title>
  <description><![CDATA[Bombay Stock Exchange Sensex started on a negative note Friday and was trading in the red in the morning session.]]></description>
  <guid>http://www.ibtimes.com/articles/345316/20120525/bse-sensex-nse-nifty-hovering-between-red.htm</guid>
  <link>http://www.ibtimes.com/articles/345316/20120525/bse-sensex-nse-nifty-hovering-between-red.htm</link>
  <pubDate>Fri, 25 May 2012 04:12:43 EDT</pubDate>
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  <title><![CDATA[Australian Dollar Outlook - 05/25/2012]]></title>
  <description><![CDATA[Bell FX Currency Outlook: With worries a Greek exit would deepen the euro zone debt crisis and risk aversion continuing to mount this week, the Australian Dollar has continued track new lows.]]></description>
  <guid>http://www.ibtimes.com/articles/345181/20120524/australia-dollar-usd-aud-eur-commodities-europe.htm</guid>
  <link>http://www.ibtimes.com/articles/345181/20120524/australia-dollar-usd-aud-eur-commodities-europe.htm</link>
  <pubDate>Thu, 24 May 2012 19:48:08 EDT</pubDate>
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  <title><![CDATA[Global Markets Overview - 05/25/2012]]></title>
  <description><![CDATA[U.S. stocks finished mostly higher after late afternoon comments from the Italian premier boosted confidence that Greece would stay in the euro zone. The Dow Jones Industrial Average finished up 34 points, or 0.3%, at 12530, after bouncing back from a 0.6% slide.]]></description>
  <guid>http://www.ibtimes.com/articles/345177/20120524/jp-morgan-goldman-sachs-ftse-hang-seng.htm</guid>
  <link>http://www.ibtimes.com/articles/345177/20120524/jp-morgan-goldman-sachs-ftse-hang-seng.htm</link>
  <pubDate>Thu, 24 May 2012 19:24:47 EDT</pubDate>
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  <title><![CDATA[Is Germany Next? Investors Flee Madrid's CDS For Berlin]]></title>
  <description><![CDATA[Investors are increasingly making a &quot;flight to quality&quot; as they pull out of credit-default swaps hedges on Europe&#039;s primary index as well as the markets for periphery nations like Spain, a trend which indicates higher expectations that periphery nations are unable to repay their debts and a lack of confidence in the political will of the economic union.]]></description>
  <guid>http://www.ibtimes.com/articles/345144/20120524/spain-cds-spread-debt-eurozone-crisis-spanish.htm</guid>
  <link>http://www.ibtimes.com/articles/345144/20120524/spain-cds-spread-debt-eurozone-crisis-spanish.htm</link>
  <pubDate>Thu, 24 May 2012 16:37:06 EDT</pubDate>
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  <title><![CDATA[UK Falls Into Double-Dip Recession: Report]]></title>
  <description><![CDATA[The U.K. economy fell into a double-dip recession in the first quarter when GDP shrank 0.3 percent and contracted for the first time since 2009 on an annual basis, according to by the government&#039;s Office for National Statistics.]]></description>
  <guid>http://www.ibtimes.com/articles/345064/20120524/uk-economy-double-dip-recession-gdp-britain.htm</guid>
  <link>http://www.ibtimes.com/articles/345064/20120524/uk-economy-double-dip-recession-gdp-britain.htm</link>
  <pubDate>Thu, 24 May 2012 12:24:53 EDT</pubDate>
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  <title><![CDATA[Polio Remains Endemic in Nigeria, Pakistan And Afghanistan: Health Officials]]></title>
  <description><![CDATA[GPEI warned that failure to eradicate polio could lead to as many as 200,000 paralyzed children a year across the globe.]]></description>
  <guid>http://www.ibtimes.com/articles/345053/20120524/polio-pakistan-afghanistan.htm</guid>
  <link>http://www.ibtimes.com/articles/345053/20120524/polio-pakistan-afghanistan.htm</link>
  <pubDate>Thu, 24 May 2012 12:04:01 EDT</pubDate>
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  <title><![CDATA[HP’s CEO Chops 27,000 Jobs, Investors Cheer]]></title>
  <description><![CDATA[Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, leaped as much as 7.4 percent Thursday after the company said Wednesday it would fire 27,000 people.]]></description>
  <guid>http://www.ibtimes.com/articles/344962/20120524/hp-shares-whitman-fire-27-000.htm</guid>
  <link>http://www.ibtimes.com/articles/344962/20120524/hp-shares-whitman-fire-27-000.htm</link>
  <pubDate>Thu, 24 May 2012 09:42:58 EDT</pubDate>
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  <title><![CDATA[Spanish Bond Yields Up, PM Rajoy Urges ECB To Buy]]></title>
  <description><![CDATA[Spanish bond yields hovered above the 6 percent mark Thursday, prompting Spain&#039;s prime minister to urge the European Central Bank to buy Spain&#039;s bonds as it did in August 2011, according to a report by Bloomberg News.]]></description>
  <guid>http://www.ibtimes.com/articles/344957/20120524/spain-bond-yields-cds-spanish-pm-rajoy.htm</guid>
  <link>http://www.ibtimes.com/articles/344957/20120524/spain-bond-yields-cds-spanish-pm-rajoy.htm</link>
  <pubDate>Thu, 24 May 2012 09:37:33 EDT</pubDate>
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  <title><![CDATA[Euro Zone Manufacturing Down In May: Markit]]></title>
  <description><![CDATA[Euro zone manufacturing fell this month for the fourth straight month to hit its lowest level since June 2009, according to a survey released Thursday by Markit Economics.]]></description>
  <guid>http://www.ibtimes.com/articles/344914/20120524/euro-zone-manufacturing-markit-purchasing-managers.htm</guid>
  <link>http://www.ibtimes.com/articles/344914/20120524/euro-zone-manufacturing-markit-purchasing-managers.htm</link>
  <pubDate>Thu, 24 May 2012 08:24:48 EDT</pubDate>
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  <title><![CDATA[Iran Rejects West's Proposal On Nuclear Curbs, Talks Come To A Standstill]]></title>
  <description><![CDATA[The talks between world powers and Iran over Tehran&#039;s nuclear program came to a standstill Thursday as it accused the P5+1 group (five permanent members of the UN and Germany) of &quot;creating a difficult atmosphere hindering talks.&quot;.]]></description>
  <guid>http://www.ibtimes.com/articles/344904/20120524/iranian-nuclear-talks-hits-road-block-iran.htm</guid>
  <link>http://www.ibtimes.com/articles/344904/20120524/iranian-nuclear-talks-hits-road-block-iran.htm</link>
  <pubDate>Thu, 24 May 2012 08:12:10 EDT</pubDate>
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  <title><![CDATA[Australian Stock Market Report – Midday 5/24/2012]]></title>
  <description><![CDATA[Yesterday the Australian share market lost ground for the first time this week, with the All Ordinaries Index (XAO) down 54.7 points to 4,118 point. Last night Key European index&#039;s lost 2-3% after discussions at the European Leaders summit in Brussels made no real headway to resolving the current Eurozone, especially Greek, problems.]]></description>
  <guid>http://www.ibtimes.com/articles/344730/20120523/australian-stock-market-report-midday-5-24.htm</guid>
  <link>http://www.ibtimes.com/articles/344730/20120523/australian-stock-market-report-midday-5-24.htm</link>
  <pubDate>Wed, 23 May 2012 23:40:38 EDT</pubDate>
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  <title><![CDATA[Australian Dollar Outlook - 05/24/2012]]></title>
  <description><![CDATA[Bell FX Currency Outlook: The Australian dollar has opened this morning around USD.9760, after trading down to a low of USD0.9690 overnight as European
equities followed Asia&#039;s lead falling around 2.5%.]]></description>
  <guid>http://www.ibtimes.com/articles/344687/20120523/australia-dollar-usd-aud-eur-commodities-europe.htm</guid>
  <link>http://www.ibtimes.com/articles/344687/20120523/australia-dollar-usd-aud-eur-commodities-europe.htm</link>
  <pubDate>Wed, 23 May 2012 20:26:41 EDT</pubDate>
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  <title><![CDATA[Euro Drops As Leaders Meet; France, Germany Split]]></title>
  <description><![CDATA[As European leaders struggled to hold the euro zone together at a nighttime summit in Brussels, a widening gap emerged between Germany and France, which are now under new management.]]></description>
  <guid>http://www.ibtimes.com/articles/344686/20120523/eu-urges-greece-to-stay-in-euro-but-plans-for-possible-exit.htm</guid>
  <link>http://www.ibtimes.com/articles/344686/20120523/eu-urges-greece-to-stay-in-euro-but-plans-for-possible-exit.htm</link>
  <pubDate>Wed, 23 May 2012 20:21:01 EDT</pubDate>
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  <title><![CDATA[Global Markets Overview - 05/24/2012]]></title>
  <description><![CDATA[U.S. stocks reversed steep losses to finish the day roughly flat, though European stocks and the euro tumbled to 2012 lows amid growing chatter about a potential Greek exit from the euro zone]]></description>
  <guid>http://www.ibtimes.com/articles/344677/20120523/australia-dollar-usd-aud-eur-commodities-europe.htm</guid>
  <link>http://www.ibtimes.com/articles/344677/20120523/australia-dollar-usd-aud-eur-commodities-europe.htm</link>
  <pubDate>Wed, 23 May 2012 19:01:10 EDT</pubDate>
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  <title><![CDATA[Rio Environmental Summit To Focus On Global Food Security Issues]]></title>
  <description><![CDATA[As soils, freshwater, oceans, forests and biodiversity are being rapidly degraded and climate change puts more pressure on the resources, it is time to rethink how we grow, share and consume our food.]]></description>
  <guid>http://www.ibtimes.com/articles/344641/20120523/rio-food-security-summit-agriculture-poverty-farms.htm</guid>
  <link>http://www.ibtimes.com/articles/344641/20120523/rio-food-security-summit-agriculture-poverty-farms.htm</link>
  <pubDate>Wed, 23 May 2012 16:12:47 EDT</pubDate>
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  <title><![CDATA[Cisco, Dell, HP: Is A Tech Recession Coming?]]></title>
  <description><![CDATA[Because they report quarterly results generally out of the regula,r pattern technology giants Cisco Systems (Nasdaq: CSC), Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL) are technology bellwethers. Do their dismal dismal forecast presage downturn?.]]></description>
  <guid>http://www.ibtimes.com/articles/344584/20120523/dell-hewlett-pacakrd-hp-pc-intel-cisco.htm</guid>
  <link>http://www.ibtimes.com/articles/344584/20120523/dell-hewlett-pacakrd-hp-pc-intel-cisco.htm</link>
  <pubDate>Wed, 23 May 2012 13:37:01 EDT</pubDate>
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  <title><![CDATA[US Hopes Pakistan Will Reopen NATO Supply Routes]]></title>
  <description><![CDATA[The US hopes that Pakistan will agree to reopen the supply routes to NATO troops in Afghanistan as the Senate has threatened to link the aid to Pakistan with the country&#039;s cooperation on the issue.]]></description>
  <guid>http://www.ibtimes.com/articles/344501/20120523/hopes-pakistan-will-reopen-nato-supply-routes.htm</guid>
  <link>http://www.ibtimes.com/articles/344501/20120523/hopes-pakistan-will-reopen-nato-supply-routes.htm</link>
  <pubDate>Wed, 23 May 2012 10:47:32 EDT</pubDate>
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  <title><![CDATA[Italian Consumer Confidence Hits 15-Year Low, UK Retail Sales Slump]]></title>
  <description><![CDATA[European consumers are tightening the purse strings as their confidence in the region&#039;s economy continues to fade amid concern that the recession may worsen.]]></description>
  <guid>http://www.ibtimes.com/articles/344474/20120523/italian-consumer-confidence-uk-retail-sales-greece.htm</guid>
  <link>http://www.ibtimes.com/articles/344474/20120523/italian-consumer-confidence-uk-retail-sales-greece.htm</link>
  <pubDate>Wed, 23 May 2012 09:53:45 EDT</pubDate>
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  <title><![CDATA[Germany Now Borrowing Money For Free]]></title>
  <description><![CDATA[Investors on Wednesday eagerly snatched up a new two-year German bond with a zero-percent coupon, meaning investors were willing to pay to loan money to Europe&#039;s strongest economy when expected inflation is factored in. The yield ended at 0.07 percent.]]></description>
  <guid>http://www.ibtimes.com/articles/344471/20120523/german-bonds-euro-zone-greece.htm</guid>
  <link>http://www.ibtimes.com/articles/344471/20120523/german-bonds-euro-zone-greece.htm</link>
  <pubDate>Wed, 23 May 2012 09:46:30 EDT</pubDate>
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  <title><![CDATA[Global Stocks Fall On Fears Of Greek Exit From Euro Zone]]></title>
  <description><![CDATA[Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.]]></description>
  <guid>http://www.ibtimes.com/articles/344422/20120523/asian-european-stocks-greek-exit-euro-zone.htm</guid>
  <link>http://www.ibtimes.com/articles/344422/20120523/asian-european-stocks-greek-exit-euro-zone.htm</link>
  <pubDate>Wed, 23 May 2012 08:47:05 EDT</pubDate>
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  <title><![CDATA[Air India Pilots Strike: High Court Issues Contempt Notice To Striking Pilots]]></title>
  <description><![CDATA[The Delhi High Court Wednesday issued a contempt notice to the striking Air India pilots for not complying with its previous order restraining them from continuing with the strike.]]></description>
  <guid>http://www.ibtimes.com/articles/344419/20120523/air-india-pilots-strike-high-court-issues.htm</guid>
  <link>http://www.ibtimes.com/articles/344419/20120523/air-india-pilots-strike-high-court-issues.htm</link>
  <pubDate>Wed, 23 May 2012 08:43:32 EDT</pubDate>
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  <title><![CDATA[BAE Systems Secures $3 billion Hawk Fighter-Jet Deal with Saudi Arabia]]></title>
  <description><![CDATA[The British defence group signs bumper deal with Saudi Arabia, which includes jets and related support and services]]></description>
  <guid>http://www.ibtimes.com/articles/344393/20120523/bae-systems-defence-sector-saudi-arabia-uk.htm</guid>
  <link>http://www.ibtimes.com/articles/344393/20120523/bae-systems-defence-sector-saudi-arabia-uk.htm</link>
  <pubDate>Wed, 23 May 2012 07:48:39 EDT</pubDate>
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  <title><![CDATA[Indian Rupee Continues To Fall, Crosses 56 Mark Against Dollar; Analysts Seek Strong Corrective Action]]></title>
  <description><![CDATA[The Indian rupee descended to the all-time-low of 56.04 per dollar Wednesday even as the Reserve Bank of India and the Indian government said that they were monitoring the situation closely and taking corrective measures.]]></description>
  <guid>http://www.ibtimes.com/articles/344360/20120523/rupee-continues-slide-crosses-56-mark-against.htm</guid>
  <link>http://www.ibtimes.com/articles/344360/20120523/rupee-continues-slide-crosses-56-mark-against.htm</link>
  <pubDate>Wed, 23 May 2012 06:46:56 EDT</pubDate>
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  <title><![CDATA[Can the Franco-German Partnership That Has Held the EU Together Weather Their Differences Tackling Austerity?]]></title>
  <description><![CDATA[At the heart of the European Union is a pact that was first formed by two European leaders who were determined to lay to rest for good, the past enmity between their two countries.  Konrad Adenauer, Chancellor of West Germany from 1949 to 1963, made his first visit to General de Gaulle, the French President and founder of the Fifth Republic, at his home in Colombey-les-Deux Églises in 1958.]]></description>
  <guid>http://www.ibtimes.com/articles/344349/20120523/franco-german-partnership-held-eu-together-weather.htm</guid>
  <link>http://www.ibtimes.com/articles/344349/20120523/franco-german-partnership-held-eu-together-weather.htm</link>
  <pubDate>Wed, 23 May 2012 06:23:08 EDT</pubDate>
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  <title><![CDATA[Australian Stock Market Report – Afternoon 5/23/2012]]></title>
  <description><![CDATA[The Australian sharemarket lost ground for the first time this week, with the All Ordinaries Index (XAO) down 1.3 pct or 54.7 pts to 4118.8. Last night, U.S markets finished flat while European shares managed to gain for the second consecutive day.]]></description>
  <guid>http://www.ibtimes.com/articles/344329/20120523/australian-stock-market-report-afternoon-5-23.htm</guid>
  <link>http://www.ibtimes.com/articles/344329/20120523/australian-stock-market-report-afternoon-5-23.htm</link>
  <pubDate>Wed, 23 May 2012 05:24:18 EDT</pubDate>
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  <title><![CDATA[UK Retail Sales Plunge 2.3% in April as Weather Hits Hard]]></title>
  <description><![CDATA[The retail sales fall wipes out gains made in March and is another sign that the UK is back in recession.]]></description>
  <guid>http://www.ibtimes.com/articles/344312/20120523/uk-retail-sales-recession-april.htm</guid>
  <link>http://www.ibtimes.com/articles/344312/20120523/uk-retail-sales-recession-april.htm</link>
  <pubDate>Wed, 23 May 2012 04:40:18 EDT</pubDate>
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  <title><![CDATA[LSE Shares Tumble as Italian Banks Dump Stakes in Stock Exchange Group]]></title>
  <description><![CDATA[London Stock Exchange shares dive after Italy&#039;s UniCredit and Intesa Sanpaolo confirm stake sale]]></description>
  <guid>http://www.ibtimes.com/articles/344300/20120523/lse-london-stock-exchange-intesa-saopaulo-unicredit.htm</guid>
  <link>http://www.ibtimes.com/articles/344300/20120523/lse-london-stock-exchange-intesa-saopaulo-unicredit.htm</link>
  <pubDate>Wed, 23 May 2012 04:02:48 EDT</pubDate>
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  <title><![CDATA[OECD Lauds Australia's 'Happy Economy']]></title>
  <description><![CDATA[Despite the surveys suggesting that Aussie voters were not inclined to give the Labor-led government a fresh mandate in 2013, Prime Minister Julia Gillard has reasons to smile these days following the approval attached to her economic policy by the Paris-based Organisation for Economic Cooperation and Development (OECD).]]></description>
  <guid>http://www.ibtimes.com/articles/344206/20120522/oecd-lauds-australia-s-happy-economy.htm</guid>
  <link>http://www.ibtimes.com/articles/344206/20120522/oecd-lauds-australia-s-happy-economy.htm</link>
  <pubDate>Tue, 22 May 2012 23:37:35 EDT</pubDate>
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  <title><![CDATA[Australian Stock Market Report – Midday 5/23/2012]]></title>
  <description><![CDATA[Yesterday, the Australian share market improved for the second straight day, with The All Ordinaries Index (XAO) up over 49 points to 4,173 points. But in morning trade today the market fell back into the red.]]></description>
  <guid>http://www.ibtimes.com/articles/344201/20120522/australian-stock-market-report-midday-5-23.htm</guid>
  <link>http://www.ibtimes.com/articles/344201/20120522/australian-stock-market-report-midday-5-23.htm</link>
  <pubDate>Tue, 22 May 2012 23:27:30 EDT</pubDate>
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  <title><![CDATA[Australian Dollar Outlook - 05/23/2012]]></title>
  <description><![CDATA[Bell FX Currency Outlook: This morning the Australian dollar is over a US cent lower, currently trading at USD0.9790 after comments about the possibility of Greece leaving the Euro currency resulted in risk aversion trading, and in turn, a fall in the AUD.]]></description>
  <guid>http://www.ibtimes.com/articles/344175/20120522/australia-dollar-usd-aud-eur-commodities-europe.htm</guid>
  <link>http://www.ibtimes.com/articles/344175/20120522/australia-dollar-usd-aud-eur-commodities-europe.htm</link>
  <pubDate>Tue, 22 May 2012 20:13:24 EDT</pubDate>
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  <title><![CDATA[European Central Bank Reportedly Propping Up Greece With Secret €100 Billion Emergency Aid]]></title>
  <description><![CDATA[The European Central Bank (ECB) is propping up Greece with a secret infusion of  €100 billion ($126 billion) in &quot;emergency liquidity assistance&quot; (ELA) funds, the Financial Times reported Tuesday.]]></description>
  <guid>http://www.ibtimes.com/articles/344165/20120522/european-central-bank-greece-secret-emergency-liquidity.htm</guid>
  <link>http://www.ibtimes.com/articles/344165/20120522/european-central-bank-greece-secret-emergency-liquidity.htm</link>
  <pubDate>Tue, 22 May 2012 19:23:04 EDT</pubDate>
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  <title><![CDATA[Global Markets Overview - 05/23/2012]]></title>
  <description><![CDATA[U.S. stocks erased gains from a day spent mostly in positive territory to close flat Tuesday, as worries resurfaced in late trading about potential European instability.]]></description>
  <guid>http://www.ibtimes.com/articles/344162/20120522/jp-morgan-goldman-sachs-ftse-hang-seng.htm</guid>
  <link>http://www.ibtimes.com/articles/344162/20120522/jp-morgan-goldman-sachs-ftse-hang-seng.htm</link>
  <pubDate>Tue, 22 May 2012 19:17:43 EDT</pubDate>
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  <title><![CDATA[European Stocks Boosted By Positive Outlook: Daily Markets Wrap]]></title>
  <description><![CDATA[Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.]]></description>
  <guid>http://www.ibtimes.com/articles/344118/20120522/daily-markets-wrap.htm</guid>
  <link>http://www.ibtimes.com/articles/344118/20120522/daily-markets-wrap.htm</link>
  <pubDate>Tue, 22 May 2012 16:13:25 EDT</pubDate>
  </item>
  <item>
  <title><![CDATA[Market Winds May Be Shifting]]></title>
  <description><![CDATA[The G8 leaders also said that it is “our imperative to promote growth and jobs”.]]></description>
  <guid>http://www.ibtimes.com/articles/344117/20120522/euro-zone-risk-assets-g8-austerity-markets.htm</guid>
  <link>http://www.ibtimes.com/articles/344117/20120522/euro-zone-risk-assets-g8-austerity-markets.htm</link>
  <pubDate>Tue, 22 May 2012 16:11:15 EDT</pubDate>
  </item>
  <item>
  <title><![CDATA[UK Government Denies Illegal Promises Were Made to Opel and General Motors: Report]]></title>
  <description><![CDATA[The UK government may have made illegal promises to General Motors Co. (NYSE: GM) to shift production of the Astra compact car to its Opel/Astra plant in England from locations in Germany, reports said.]]></description>
  <guid>http://www.ibtimes.com/articles/344058/20120522/opel-astra-uk-general-motors-gm-illegal.htm</guid>
  <link>http://www.ibtimes.com/articles/344058/20120522/opel-astra-uk-general-motors-gm-illegal.htm</link>
  <pubDate>Tue, 22 May 2012 13:32:40 EDT</pubDate>
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  <title><![CDATA[IMF's Christine Lagarde tells UK: 'Growth Too Slow' [NEWS VIDEO]]]></title>
  <description><![CDATA[The British government and the Bank of England must do much more to stimulate growth in the country&#039;s economy, the IMF&#039;s Christine Lagarde said.]]></description>
  <guid>http://www.ibtimes.com/articles/344033/20120522/imf-christine-lagarde-george-osborne.htm</guid>
  <link>http://www.ibtimes.com/articles/344033/20120522/imf-christine-lagarde-george-osborne.htm</link>
  <pubDate>Tue, 22 May 2012 12:30:32 EDT</pubDate>
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  <item>
  <title><![CDATA[Revolt Over Royal Dutch Shell Executive Pay Ramps Up]]></title>
  <description><![CDATA[The number of Royal Dutch Shell shareholders opposing company executive pay rises increases.]]></description>
  <guid>http://www.ibtimes.com/articles/344022/20120522/shell-oil-energy-earnings-executive-pay-bonuses.htm</guid>
  <link>http://www.ibtimes.com/articles/344022/20120522/shell-oil-energy-earnings-executive-pay-bonuses.htm</link>
  <pubDate>Tue, 22 May 2012 12:07:32 EDT</pubDate>
  </item>
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  <title><![CDATA[China Commodities and Metal Demand To Ignite in H2 2012]]></title>
  <description><![CDATA[Despite disappointing April data showing a slowdown in China iron ore, coal, copper and other commodities demand, analysts tell IBTimes UK that there is nothing to worry about]]></description>
  <guid>http://www.ibtimes.com/articles/343966/20120522/commodities-energy-iron-ore-copper-coal-china.htm</guid>
  <link>http://www.ibtimes.com/articles/343966/20120522/commodities-energy-iron-ore-copper-coal-china.htm</link>
  <pubDate>Tue, 22 May 2012 10:38:28 EDT</pubDate>
  </item>
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