Wednesday, July 11, 2007

European stocks fall as US subprime worry grows

(Reuters) - European shares opened lower on Wednesday as growing concern over the U.S. subprime mortgage market caused U.S. and Asian stocks to tumble and as the oil price hovered near an 11-months high.

Among major movers, BSkyB rose 2.3 percent after saying it had added 90,000 net new customers in the three months to the end of June, up 17 percent year-on-year.


Read more at Reuters Africa

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