International News - World Markets and Business from CNNMoney

9:54am: Finance ministers from some of the world's top economies gather in Japan this week; few decisions expected. more

ECB raises interest rates to 4.25%

Jul 3: As expected, the European Central Bank boosts its main interest rate by a quarter point to combat inflation. more

The British (retail) invasion

Jul 3: Deejays, personal style advisors, and Kate Moss frocks have all helped make Topshop a British shopping destination. Now Sir Philip Green, the billionaire behind the affordable fashion brand, has his sights set on America. more

Subsidies boost food prices - WTO

Jul 3: World Trade Organization chief says food supply is not growing fast enough due to lack of investment, cheap U.S. and EU food. more

MORE WORLD BIZ NEWS

• Japan's Nikkei index extends losses

• Oil retreats from all-time high

• London shares drop amid retail gloom

• Bye-bye gas subsidies

• Dollar rises sharply on jobs, ECB

• Europeans serious on insider trading

• Crude nears $146 as supplies get tighter

• Paulson repeats call for bank overhaul

• Europe may push Fed to raise rates

• Judge: IRS can seek tax info from UBS

• Five-year oil squeeze predicted

All International News

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Business 360 Blog

Jul 3 1:00pm ET †	Price	Change	%Change

Nokia	24.50	0.00	0.00%
Elan	33.72	0.00	0.00%
ASM Lithography Holding	32.86	+0.45	+1.39%
Taiwan Semiconductor	10.25	0.00	0.00%
Vodafone Group Plc	30.03	0.00	0.00%

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Never mind the rocky market. After a string of supersmart calls, mutual fund manager Ken Heebner is putting up the best numbers of his sterling career. more

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World Markets&Currencies

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Jul 3 7:00pm†	Change	%Change	Level

FTSE 100	-63.80	-1.16%	5,412.80
XETRA-DAX	-81.53	-1.28%	6,272.21
CAC 40	-77.99	-1.80%	4,266.00
HANG SENG	+181.04	+0.85%	21,423.82
NIKKEI 225	-27.51	-0.21%	13,237.89

U.S. Dollar vs Euro	0.0000	0.00%	1.5695
U.S. Dollar vs Yen	0.0000	0.00%	0.0094
U.S. Dollar vs UK £	-0.00	-0.01%	1.98

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