EUROPEAN UNION

Gold Down After Day of Pro Eurozone Developments

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Gold prices settled moderately lower Wednesday after a string of European developments during the trading session boosted investor hope that the continent's sovereign debt crisis is finally getting the attention it requires.

US shows flag in Tripoli, pledges support

Gaddafi
The United States gave Libya's new rulers a very visible show of support on Wednesday when a senior envoy visited the capital and praised their efforts to assert control of armed groups three weeks after Muammar Gaddafi was overthrown.
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Euro Zone Central Banks Boost Gold Holdings

Gold and gold receivables held by euro zone central banks rose by 1 million euros to 363.249 billion euros in the week ending Sept. 9, the European Central Bank said on Tuesday.
Europe Debt Crisis

U.S. Investors Concerned Europe Debt Crisis Will Worsen

U.S. investors remained concerned that Europe's leaders are not getting ahead of the Greek crisis, which could result in a full-fledged Europe bank crisis, even as German Chancellor Angela Merkel, while not committing more German funds to possible intervention, again dismissed talk of a Greek default.
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Greek Default Jitters Hammer French Banks, Euro

Growing fears of a Greek default sent a hurricane through heavily exposed French banks on Monday and hit the euro as investor confidence in the European currency area's ability to surmount a sovereign debt crisis ebbed.
french nuclear explosion

France Confirms Nuclear Explosion, Death

In France, a nuclear explosion has killed one and injured four more. The event comes on the heels of a re-investment in nuclear energy by President Nicolas Sarkozy.
A factory building of German car manufacturer Opel is pictured at the headquarters in Ruesselsheim

Analysis: GM's Opel Facing Uncertain Future

Near the peak of General Motors Co's financial crisis, Opel workers laid a coffin at the feet of the brand's founder Adam Opel to mark what they considered the death of the brand.
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Juncker wants full-time Eurogroup chief

The euro area needs a full-time financial leader to better respond to its sovereign debt crisis, Eurogroup leader Jean-Claude Juncker said on Saturday, signaling that the pressures of the job are too much.
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Artists Set to Win European Music Copyright Battle

Musicians are likely to win longer copyright protection of their work in Europe next week, helping artists and record labels as music revenues decline, and bringing Europe closer into line with the United States.
A U.S. flag flies outside an entrance to the New York Stock Exchange

Wall Street tumbles as ECB discord stirs fears

U.S. stocks tumbled on Friday after the top German official at the European Central Bank resigned in protest of the bank's bond-buying program, which has been a major tool in fighting the region's debt crisis.
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Instant view: ECB's Stark to leave over bond-buying row

European Central Bank Executive Board Member Juergen Stark will step down from his post because of a conflict over the central bank's controversial bond-buying program, two sources told Reuters on Friday.
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European Markets Continue Slide

European shares kept falling Friday, with investors disappointed on U.S. stimulus measures, and banks lower after Goldman Sachs downgraded target prices across the sector.
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EU Chamber: China market barriers grow for EU business

A decade after its World Trade Organisation accession, China has increased some discriminatory policies on foreign businesses, a European business lobby said on Thursday, casting doubt on official pledges to level the playing field.
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ECB to signal change in policy tack

The European Central Bank is expected to signal a change in policy direction on Thursday, halting an interest-rate rise cycle just five months after it started as the euro zone debt crisis weighs on the economy.
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Instant View: German Court Rejects Suits Against Euro Bailout

Germany's Constitutional Court rejected on Wednesday a series of lawsuits aimed at blocking German participation in bailout packages for Greece and other euro zone countries, but said parliament must have a bigger say in future rescues.
President of the German Constitutional Court Vosskuhle pronounces judgment on euro bailouts at the German Constitutional Court in Karlsruhe

Top German Court Gives Bundestag More Say in Euro Bailouts

Germany's highest court said on Wednesday that parliament must have a bigger say in euro zone rescue packages, in a landmark ruling that may make it more difficult for Europe to respond swiftly in delivering aid to crisis-hit member states.

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