Europe

Financial News

Geithner, Brown Split on Transaction Tax as G-20 Seeks Rebalanced Economy Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone.

European Stocks Advance for First Week in Three as Earnings Beat Estimates European stocks rebounded from a one- month low as better-than-expected earnings at companies from Swiss Reinsurance Co. to Delhaize Group SA fed investors’ expectations a seven-month rally will go on.

Cadbury's Biggest Investor Bought Expecting Takeover, Has `Idea' of Price Franklin Resources Inc. fund manager Anne Gudefin, whose company is the biggest investor in Cadbury Plc, said she targeted the U.K. confectioner as a takeover candidate before Kraft Foods Inc.’s unsolicited approach.

Dollar Being Used to Fund `Carry Trade,' May Still Be Overvalued, IMF Says The International Monetary Fund said traders are probably using the dollar to fund “carry trades” across the world and the currency may still be overvalued even after its slide this year.

Darling Urges G-20 to Maintain Stimulus to Cement Global Economic Recovery U.K. Chancellor of the Exchequer Alistair Darling urged the Group of 20 nations to maintain stimulus measures for their economies to cement a recovery from the worst recession in six decades.

Nordea Chief Acknowledges `Match' With Swedbank, Plans M&A, Report Says Nordea Bank AB Chief Executive Officer Christian Clausen said there is a “match” between his lender and Swedbank AB, and that his bank plans acquisitions, the Norwegian newspaper Dagens Naeringsliv reported.

German Government Bonds Drop as ECB Signals Eventual Removal of Stimulus German government bonds posted a weekly decline, the fourth in five weeks, as policy makers began preparing the ground for ending measures designed to revive economic growth.

Societe Generale Has Repaid French State Aid of $5 Billion, Regulator Says Societe Generale SA, France’s second- largest bank by market value, earlier this week repaid the 3.4 billion euros ($5 billion) of state aid it received in the financial crisis, according to the national market regulator.

British Airways Cabin Crews to Hold Strike Vote Over Planned Job Cutbacks British Airways Plc said the Unite union formally notified the company of plans to hold a strike vote for cabin crew, which could lead to the first walkout in more than a decade.

London Luxury-Home Price Drop Narrows on Shortage of Property, Foreigners Luxury-home prices in London had their smallest annual decline in 15 months in October on a shortage of properties for sale, Knight Frank LLP said.

General News

EU Leaders to Meet Nov. 9, Spurring Speculation of Decision on Presidency European Union leaders announced a previously unscheduled meeting during next week’s festivities to mark the 20th anniversary of the fall of the Berlin Wall, spurring speculation the EU may pick its first president.

ElBaradei Proposes Shipping Iran Enriched Uranium to Turkey as Compromise Iran’s enriched uranium could be shipped to Turkey as a means of easing U.S. and European concerns over the Persian Gulf country’s nuclear ambitions, the head of the United Nations’ nuclear watchdog agency said.

Italy Will Keep Crucifixes in Classrooms in Defiance of EU Court Ruling Italy will ignore an “unreal” European court ruling that bans crucifixes from state-run schools as it appeals the decision, Prime Minister Silvio Berlusconi said.

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