Strong Euro bedevils EU firms

Article Abstract:

The currency value of the Euro has dropped 8.2 percent since mid-March, yet European businesses continue to struggle, with their rate of growth slowed or reversed by the currency's strength. STMicroelectronics N.V. is restructuring operations to Asia and other industries are moving their operations offshore.

Semiconductors and related devices, Switzerland, Organizational history, Personnel administration, Semiconductor industry, Human resource management, Company restructuring/company reorganization, Reorganization and restructuring, Company personnel management, STMicroelectronics N.V., Company organization

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Rosier outlook for Euro Zone

Article Abstract:

The Organization for Economic Cooperation and Development, a Paris think tank, is forecasting an economic growth rate of 2.2 percent for the European Union in 2007, up from 2.1 percent in 2006. However, there may be an economic slowdown if the Euro continues to rise against the United States Dollar.

United States, China, Economic forecasting, Organization for Economic Cooperation and Development, 2007 AD

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Euro's allure appears to wane in eyes of long-term investors

Article Abstract:

The Euro is in sharp decline, closing at $1.2161 against the Dollar on the New York Stock Exchange yesterday. Long-term investors have played a major role, divesting the Euro in the wake of a lack of political confidence in the European Union in recent weeks.

Forecasts, trends, outlooks, Industry Overview, Forecasts and trends, Market trend/market analysis, Foreign exchange market

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