Result Page 148 for European union news & latest pictures from ibtimes.com

EU exec clears temporary Spain plan for green cars

A plan by Spain to grant interest rate subsidies for green cars has won approval from the European Commission, the European Union executive said on Monday.

ArcelorMittal sells Euro 750 Mln bonds up to 1.25 bln

World’s leading steel company, ArcelorMittal, said Tuesday that the initial 750 Million Euro ($1 billion) bond could increase up to 1.25 billion euro.

ECB could cut rates, take other steps: Trichet

European Central Bank President Jean-Claude Trichet said on Monday the bank can cut interest rates further but that its deposit rate was already at very low levels, and added it could use more non-conventional measures to help the troubled banking system.

ECB could cut rates, use other measures: Trichet

European Central Bank President Jean-Claude Trichet said on Monday the bank could interest rates further but that its deposit rate was already at very low levels, and added it could use more non-conventional tools to help the troubled banking system.

More news

Dollar heads for big weekly fall; oil retreats

By Rafael Nam

U.S. housing offers hope on economy

New U.S. housing starts and permits unexpectedly rebounded in February, according to data on Tuesday that provided a rare dose of good news for the recession-hit economy and fractured housing market.

U.S. housing starts surge, inflation slower

New U.S. housing starts and permits unexpectedly rebounded in February, according to data on Tuesday that provided a rare dose of good news for the recession-hit economy and fractured housing market.

EU wants financial regulations strengthened

European Union is expected to plea for stronger financial regulation at the G20 summit next month.

Dollar falls back before U.S. jobs report

The dollar rolled back sharply from three-year highs on Friday and demand for euro zone government debt rose as investors fretted that U.S. employment data would be worse than previously forecast.

ECB cuts interest rates to record low 1.5 pct

The European Central Bank cut interest rates to an all-time low of 1.5 percent on Thursday, keeping up a record pace of reductions as the euro zone economy slides deeper into recession.

European shares, FX fall before ECB, BoE moves

The euro and European shares slipped on Thursday ahead of expected interest rate cuts by the euro zone and British central banks, while Asian shares dipped on disappointment China did not announce new stimulus plans.

U.S. manufacturing contracts, consumer spending up

U.S. manufacturing shrank at a less severe pace last month and consumer spending bounced back in January, data showed on Monday, but the improvement was likely a blip amid a rapidly deteriorating economy.

Time to Fix the Euro

The euro suffers from structural deficiencies. It has a central bank, but it does not have a central treasury, and the supervision of the banking system is left to national authorities.

EU says crisis worst in memory

The global financial crisis is the worst economic downturn in living memory and the EU is providing a lot of aid to those new European Union members who have been hit particularly hard, EU officials said on Monday.

E.Europe banks crisis weighs on bank ratings: Moody's

The recession in emerging Europe will be more severe than elsewhere due to large imbalances, and will put the financial strength ratings of local banks and their western parents under pressure, Moody's said on Tuesday.

European Central Bank keeps rate unchanged, BoE slashes

The European Central Bank on Thursday left its key lending rate unchanged at 2 percent, putting to an end of a series of cuts over the past four months.

Deutsche bank forecasts full year huge loss

Germany's biggest bank Deutsche Bank AG reported on Monday it estimates a loss of 4.8 billion euro or $6.4 billion on the fourth quarter on what it called exceptional market conditions which impacted sales and trading businesses.

EC criticises UK budget deficit

The UK is to become the subject of disciplinary proceedings from the European Commission as its budget deficit continues to grow.

Mining shares cause FTSE fall

The FTSE 100 share index fell 184.9 points to 6,191.6 on Tuesday (down 2.9 per cent).

Dollar declines against yen, euro on economy concerns

The dollar fell against the yen and the euro on Wednesday on concerns about that the economy will continue to weaken as investors place their assets into commodities.

Dollar falls versus euro on lower housing, confidence estimates

The dollar fell versus the euro on Friday amid expectations of lower housing starts and consumer confidence in reports later today.

Dollar gains on surprising retail sales, Yellen's comments

The dollar gained against the euro and yen on Wednesday after reports of better than expected retail sales in the U.S. and comments from a Federal Reserve official boosted the currency's strength.

Dollar Declines on Credit Market Woes

The dollar fell versus the euro and yen on Friday after troubles in the credit market resurfaced with investors shifting assets to commodities.

Unilever underlying sales up 7.2%

Unilever said on Thursday that its pre-tax profit for the first quarter of 2008 was up 39 per cent at constant rates. The company added that its turnover in the period was up six per cent at constant rates.

Dollar lower on Hawkish Trichet, AIG Writedowns

The dollar was slightly lower against the euro on Friday after losses on Thursday due to hawkish comments from the head of the European Central Bank which propped up the euro.

Dollar ends lower after range bound trading

Dollar closed slightly lower after a range bound movement against the euro yesterday due to the recovery in European currency after the decision from ECB.