EUROPEAN UNION

Pieces of gold

Gold's Value Up For Europeans As Exchange Deems Bullion Collateral

European investors looking to bet on risky derivatives will be able to use gold to back their trades, one of the Continent's major exchanges said Friday, a development that could both make the yellow precious metal a more valuable asset and foster the growth of derivative trading volume.

As Portugal’s Pain Deepens, Investors Reward Nation

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Investors rewarded Portugal's efforts to trim its budget gap by sending the credit-default swaps on Portugal to a low of 725 basis points on Thursday, down from 1,515 in January and 1,237 in May, according to Bloomberg. The implied probability of Portugal defaulting on its debt fell to 46 percent from 73 percent.
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Samsung Offers $300 Rebate For Old Smartphones

With the iPhone 5 rumored to be released in this September, Samsung is taking a new approach in encouraging customers to switch by offering a rebate of up to $300 for old smartphones.
Traders work at their desks in front of the DAX board at the Frankfurt stock exchange

European Stocks Fall As Economic Concerns Persist

Most European markets fell Monday as investors remained watchful following a disappointing last week when the European Central Bank (ECB) made no announcement on monetary easing measures to rejuvenate the faltering euro zone economy.
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Asian Stocks Decline After ECB Disappoints

Asian stock markets declined Friday as sentiment was dampened after the European Central Bank (ECB) failed to offer any new stimulus measures to resolve the sovereign crisis in the euro zone.
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Asian Stock Markets Fall Before ECB Meeting

Asian stock markets declined Thursday as investors awaited the European Central Bank (ECB) meeting later in the day after Federal Reserve did not offer any new monetary measures overnight.
Jobless Greeks wait in line outside an unemployment bureau in Athens

Greeks Pack Off To Germany In Droves

Thalia Paraskeva, 24, was getting increasingly desperate. Equipped with a degree in graphic design from Athens, she had no luck finding a job in Greece. One day, she booked a ticket to Berlin and swiftly packed some dresses, a jacket, a pair of snug boots and a Greek-German dictionary before boarding the plane.

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