EUROPEAN UNION

European Stocks and Euro Dip

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Financial markets kicked off September in a cautious mood Thursday with European stocks lower and world equities struggling to keep up what would be a five-day winning streak.
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German Chancellor Angela Merkel delivers a speech after receiving the Emperor Otto Prize in the Magdeburg Cathedral in Magdeburg

Obama and Merkel Vow Action on Global Economic Woes

U.S. President Barack Obama and German Chancellor Angela Merkel discussed the eurozone crisis and financial-market turbulence on Saturday and vowed action to bolster the global economy, the White House said in a statement.
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Act now to save global recovery, IMF chief urges

The new head of the IMF on Saturday called on global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession.
Oil's Price

Brent Crude Holds at $110

Brent crude steadied around $110 a barrel Thursday, boosted by reduced U.S. crude stocks and positive manufacturing data but countered by economic growth uncertainties.
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U.S. Ambassador Visits Rebellious Syrian Town

The U.S. ambassador made a surprise trip to a southern Syrian town Tuesday, his second visit to an area rocked by protests against President Bashar al-Assad and a move likely to antagonize the authorities in Damascus.
A sculpture showing the euro currency sign is seen in front of the European Central Bank  headquarters in Frankfurt

China Vice Foreign Minister Frets About Eurozone Collapse

The eurozone could collapse if its member countries don't work together to solve its debt crisis, but China is pleased to see that Germany and France are cooperating to avert that risk, a Chinese vice foreign minister said in an interview.
Rebel fighters celebrate after taking partial control of the coastal town of Zawiyah,

Rebels Hold Most of Tripoli, Gaddafi Out of sight

Libyan government tanks and snipers put up scattered, last-ditch resistance in Tripoli on Monday after rebels swept into the heart of the capital, cheered on by crowds hailing the end of Muammar Gaddafi's 42 years in power.
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Schaeuble says markets have confidence in euro

German Finance Minister Wolfgang Schaeuble said in a radio interview on Monday that the euro remains a stable currency and despite the euro zone debt crisis has held steady against the dollar in a consistent range.
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Nowotny worried about EFSF timeline delay: report

European Central Bank Governing Council member Ewald Nowotny is concerned that euro zone countries will not push through parliamentary approval of changes to their EFSF bailout fund as quickly as planned, an Austrian magazine quoted him as saying.
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Germany against euro bonds

Germany strongly rejected mounting calls for the euro zone to issue joint debt at the weekend, but signaled it was open for the bloc to move toward a form of fiscal union, with the finance minister saying he personally supported a European counterpart.
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Germany rebuffs renewed euro bond debate

Germany on Saturday rebuffed renewed calls that euro zone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already.
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Hedge fund Cairn sees France, Germany downgrades

France's top AAA credit rating is likely to be downgraded and Germany could easily follow as the costs of bailing out weaker euro zone economies push up their own debt piles, says credit hedge fund firm Cairn Capital's chief investment strategist.
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EU Commission: euro zone assessing Finnish-Greek deal

Euro zone member states will have to decide if a deal between Finland and Greece on collateral for financial support to Athens is in line with the agreement on the bailout agreed last month, the European Commission said on Friday.
Gold bar

Gold Shoots to Record High on Global Fears

Gold charged to a record high early Friday in electronic trading as a host of bad economic news from around the world drove investors away from stocks for the safety of the yellow metal.
Large scale protest in Hama, Syria

Obama Says Assad Must Go, Orders New Sanctions

The United States and European Union called on Syrian President Bashar al-Assad to step down Thursday, and U.S. President Barack Obama accused him of torturing and slaughtering his own people in what U.N. officials said could be crimes against humanity.

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