EUROPEAN UNION

European Union Wins Nobel Peace Prize

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The Nobel Peace Prize for 2012 was awarded to the European Union (EU) for its six decades of contributions to the advancement of peace and reconciliation, democracy and human rights in Europe, the Norwegian Nobel Committee announced Friday.
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Asian Shares Slip On Caution Over Fed Action

Asian shares eased Thursday ahead of the U.S. Federal Reserve's decision later in the day, but investors remained optimistic of further stimulus action to bolster the world's largest economy.
Geert Wilders

Dutch Parliamentary Elections: Will Far-Right Freedom Party Defy Polls Again?

Far-right Dutch politician and leader of the ultra-conservative Freedom Party (PVV) Geert Wilders formerly established his party in parliament on a platform of Islamophobic anti-immigration, and now seeks to turn nationalist sentiment against the eurozone amid frustrations with debt-laden countries like Greece, Italy and Spain. Poll indicate his party will lose seats this election, but it has defied expectations in the past.
An investor checks stock information with a computer at a brokerage house in Hefei

Asian Stocks Fall Amid Euro Zone Worries

Most of the Asian markets fell Tuesday as investors' concerns about the debt crisis affecting the euro zone were revived, undermining the optimism initially raised by the bond-buying plan announced last week by the European Central Bank.
Traders work at their desks in front of the DAX board at the Frankfurt stock exchange

European Markets Decline As Easing Optimism Fades

Most of the European markets marginally fell Monday as investor optimism over last week's bond buying plan announced by the European Central Bank began to fade and concerns about the debt crisis faced by the euro zone was revived.
Rajoy

Draghi's ECB Announcement - Spain A Stealth Loser, Italy A Silent Winner

While pundits and analysts dissected a myriad angles regarding the ECB's proposal, one lesser-considered issue has been how, following the announcement of the plan Thursday, it increasingly seemed Spain was being given the short end of the stick, while Italy was being favored, by the announcement.
Pieces of gold

Gold Tops $1,700 on Draghi Comments, Holds Despite Good Jobs Data

Gold futures blew past the $1700-per-ounce mark early Thursday morning ahead of a widely-anticipated appearance by European Central Bank president Mario Draghi where the central bank head was expected to announce further monetary accommodation in the eurozone.
Mario Draghi

Draghi: ECB Agrees Unlimited New Bond Program - OMT

European Central Bank President Mario Draghi said Thursday the “euro is irreversible” and announced a new bond-buying plan “Outright Monetary Transactions,” or OMTs, aimed at lowering the struggling euro zone countries’ borrowing costs which would serve as a “fully effective backstop.”
Traders work on the floor of the New York Stock Exchange

ECB Stimulus Hopes Lift US Stock Futures

The U.S. stock index futures point to a higher open Thursday as investor sentiment was underpinned by the expectation that the European Central Bank would announce stimulus measures to ease the euro zone debt burden.
Traders work at their desks in front of the DAX board at the Frankfurt stock exchange

European Markets Gain Before ECB Meeting

European markets rose Thursday on hopes ahead of the European Central Bank meeting where the bank is expected to announce policy measures to boost the euro zone economy and revive growth momentum.

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