Business News - AFP

Turkey signs big Europe gas pipe deal
AFP – Mon Jul 13, 3:23 pm ET

ANKARA (AFP) - Turkey signed a landmark deal with four EU countries on Monday to pipe gas from the Caspian region, reducing Europe's reliance on Russian deliveries and rivalling Moscow's own pipeline project.
US deficit reaches more than one trillion dollars
AFP – Mon Jul 13, 2:51 pm ET

WASHINGTON (AFP) - The US budget deficit reached more than one trillion dollars for the current fiscal year in June as the government wrestled with a prolonged recession, official data showed Monday.
Judge postpones trial in UBS tax secrecy case
AFP – Mon Jul 13, 1:14 pm ET

MIAMI (AFP) - A judge Monday postponed the opening of a trial in a lawsuit seeking to force Swiss financial giant UBS to reveal the identities of thousands of US clients with offshore accounts.
Internet radio star Pandora gets new funding deal
AFP – Mon Jul 13, 5:29 pm ET

OAKLAND, California (AFP) - Popular Internet radio service Pandora on Monday confirmed it is getting millions of dollars in new funding in the wake of clinching a deal on music royalty rates.
400-billion-euro plan to pump African solar power to Europe
AFP – Mon Jul 13, 4:18 pm ET

MUNICH, Germany (AFP) - Twelve European companies launched a 400-billion-euro (560-billion-dollar) initiative Monday to plant huge solar farms in Africa and the Middle East to produce energy for Europe.
Improved demand keeps Chrysler Detroit plant open
AFP – Mon Jul 13, 7:24 pm ET

DETROIT (AFP) - US automaker Chrysler Group said Monday that improved demand would allow it to keep open a Detroit plant slated for closure and maintain a third shift at a Canadian facility.
ECB chief urges banks to jack up lending
AFP – Mon Jul 13, 11:32 am ET

FRANKFURT (AFP) - European Central Bank chief Jean-Claude Trichet pressed commercial banks again Monday to boost lending to ease a credit squeeze on recession-hit eurozone businesses and households.
Geithner sees risks remaining to economic recovery
AFP – Mon Jul 13, 1:16 pm ET

LONDON (AFP) - US Treasury Secretary Tim Geithner said Monday that significant risks remained to the world economy but major economies had found a strong consensus to fight the crisis.
Oil prices slip in murk of recovery worries
AFP – Mon Jul 13, 3:44 pm ET

NEW YORK (AFP) - Oil prices slipped Monday as the market remained focused on a gloomy economic outlook that could further curb energy demand.
Geithner committed to strong dollar as reserve currency
AFP – Sun Jul 12, 4:11 pm ET

NEW YORK (AFP) - US Treasury Secretary Timothy Geithner said Sunday he is not concerned that the US dollar is weakening as a reserve currency, despite recent criticisms from China, Russia and France.