EUROPEAN UNION

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ECB buying steadies Europe, U.S. downgrade weighs

Italy and Spain's borrowing costs fell on Monday as reports filtered in that the European Central Bank was buying their bonds, lifting European shares and partly overcoming jitters about a rating downgrade for U.S. debt.

ECB says will "actively implement" bond-buying

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The European Central Bank said on Sunday it would "actively implement" its controversial bond-buying programme to fight the euro zone's debt crisis, signaling it will buy Spanish and Italian government bonds to halt financial market contagion.
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ECB says will actively implement bond-buying

The European Central Bank said on Sunday it would actively implement its controversial bond-buying programme to fight the euro zone's debt crisis, signaling it will buy Spanish and Italian government bonds to halt financial market contagion.
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Italy's Finance Minister Tremonti gestures during a news conference with Italy's Prime Minister Berlusconi at Chigi Palace in Rome

ECB Split Over Whether to Buy Italy Bonds: Sources

The European Central Bank remains divided over whether to buy Italian government bonds but even some of those who favor the move say Italy should do more to front-load austerity measures, ECB sources said Saturday.
Traders work on the floor of the New York Stock Exchange

S&P 500 Below 1,200, Jobs And Italy Not Enough

U.S. stocks ended mixed on Friday, with the S&P 500 Index closing below 1,200, as better than expected U.S. July jobs data and a deal Italy struck with the European Central Bank (ECB) were not enough to cheer investors.
Traders work on the main trading floor of the New York Stock Exchange in New York

U.S. Stocks Get a Break After Italy Deal

U.S. stocks got a break on news that Italy has struck a deal with the European Central Bank (ECB) for the latter to buy Italian government bonds in the open market.
U.S. and Global Economies

NYU?s Nouriel ?Dr. Doom? Roubini: Better Than 50% Chance of U.S. Recession

One of the world's leading economists says don't get giddy over the July jobs report, which indicated the U.S. economy created a better-than-expected 117,000 jobs. NYU Professor Nouriel "Dr. Doom" Roubini, who accurately predicted the housing crisis four years ago, says U.S. GDP will be sub-par in 2011 and the risk of a recession is real.
At Issue: Global Financial Crisis

Bond Vigilantes Push Up Italy?s, Spain?s Interest Rates: Is U.S. Next?

Up to now, the dispensers of global financial justice -- the bond vigilantes -- have given the United States a free ride regarding its large budget deficit and national debt. But history say that can't last forever, which is why it's in the nation's long-term interest to enact the second half of budget cuts called for in the U.S. debt deal.
Anonymous Hackers Join Syrian Protest (PHOTOS)

Protest marches across Syria on first Ramadan Friday

Tens of thousands of people marched across Syria on the first Friday of the Muslim fasting month of Ramadan, stepping up defiance of President Bashar al-Assad's bloody crackdown on unrest as his tanks again shelled Hama and massed outside another restive city.
Traders work on the floor of the New York Stock Exchange

Dow Declines 512 Points, Zaps Investor Confidence

Fears of a new recession caused the stock market to take a deep plunge on Thursday making it the worst day since the financial crisis in 2008. The Dow Jones industrial average declined 512.76 points, or 4.13 percent, closing at 11, 383.68.
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Stocks tumble on worries over stalled economy

Stocks resumed their downward march on Thursday after a one-day reprieve with all three major indexes down more than 1 percent as a labor market report added to recent evidence the economy has lost momentum.
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ECB resumes bond buys, boosts funds to banks

The European Central Bank resumed buying government bonds from the market and offered a new round of funding to commercial banks on Thursday in response to a worsening euro zone debt crisis.
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ECB keeps rates at 1.5 percent as expected

The European Central Bank kept interest rates at 1.5 percent as expected on Thursday, but may signal it is back in crisis mode at its upcoming news conference as the euro zone debt crisis continues to roil the bloc.
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Euro Zone Bonds Steady on Possibility of ECB Action

Euro zone sovereign bond markets steadied on Thursday ahead of a crucial European Central Bank policy-setting meeting that investors hope will signal a more aggressive approach to fighting the currency area's debt crisis.
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Stocks tumble as growth, debt fears intensify

World stocks tumbled toward five-month lows on Wednesday and top-rated government bonds rallied as worries grew that fiscal cutbacks and stagnating factory output would prolong a global economic slowdown and aggravate Europe's debt crisis.
A view shows the smoke rising in the city of Hama in this still image taken from video

Syria toll rises, Russia opens way to U.N. resolution

The death toll in Syria's bloody crackdown on opponents of President Bashar al-Assad in the city of Hama and elsewhere climbed on Tuesday and Russia said it would not oppose a U.N. resolution to condemn the violence.

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