EUROPEAN UNION

ECB to signal change in policy tack

IBTimes Logo
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.
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.
More news
IBTimes Logo

Equities hammered by euro zone and banking worries

LONDON - European stocks tumbled 4 percent on Monday, with banks plumbing a more than two year low, as fears for the future of the euro zone bubbled up against a background of weak economic growth and threats to the banking sector.
A rebel fighter stands on a Russian-made scud missile that was found in Junine

Abandoned Libyan Missile: a Gift to Militants?

When Muammar Gaddafi's soldiers fled this corner of a field outside Tripoli where they were camped, they left behind their army fatigues, a can of Brut deodorant -- and a Scud tactical missile.
IBTimes Logo

German FDP calls delay in Greek talks blow to euro

The interruption of talks between Greece and international lenders on a new aid tranche is a blow to the stability of Europe's currency, the deputy leader of Germany's junior coalition partners said on Saturday.
Syrians living in Jordan shout slogans against Syrian President Bashar al-Assad after morning prayers on the first day of Eid Al-Fitr outside the Syrian embassy in Amman

EU Sanctions Target Syrian Oil Companies

The European Union imposed a ban on purchases of Syrian oil on Saturday and targeted three Syrian firms in an expanded sanctions list meant to intensify pressure against President Bashar al-Assad's government.
IBTimes Logo

EU Imposes Oil Embargo on Syria

European Union (EU) foreign ministers have, in principle, reached an agreement for imposing far reaching new economic sanctions against Syria. The major one is an embargo on oil-related imports from that country
Libyans pledge democracy as they win Gaddafi billions

Libyans pledge democracy as they win Gaddafi billions

Libya's new leadership reaffirmed its commitment to democracy and good governance on Friday as it worked on how to spend billions of dollars released from the frozen assets of fugitive strongman Muammar Gaddafi.
Oil's Dip.

Brent Crude Holds at $114, Awaiting U.S. Jobs Report

Brent crude hovered at $114 a barrel Friday, on track for its second consecutive weekly gain, as investors eyed U.S. jobs data for clues on whether the world's largest oil consumer will be able to dodge a recession.
IBTimes Logo

European Stocks and Euro Dip

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.
IBTimes Logo

S&P trims euro zone growth outlook

Ratings agency Standard and Poor's lowered its economic growth forecasts for the euro zone on Tuesday, but said the shared currency bloc was not headed toward a new recession.
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.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.