EUROPEAN UNION

Traders work on the floor of the New York Stock Exchange

US Stock Futures Surge After EU Summit Announcements

U.S. stock index futures pointed to a higher open Friday as euro zone leaders at a Brussels summit agreed upon emergency measures to lower Italy's and Spain's borrowing costs and create a single regulatory oversight body for euro zone banks.
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Chile and China

China Is Making A Big Splash In America's Backyard

Latin America and China are closer than ever, and Prime Minister Wen Jiabao is touring the continent with a bucketful of money. Everybody wins? Some critics are skeptical

Asian Stocks Mostly Higher Before EU Summit

Asian stock markets mostly advanced Wednesday but gains were capped as investors are opting for caution ahead of the EU summit that begins on Thursday.
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Crude Oil Futures Hover Above $79 Ahead Of EU Summit

Crude oil futures slightly declined and hovered above $79 a barrel during Asian trading hours Wednesday as doubts over the ability of European leaders to address the debt crisis at a summit this week offset concerns over tightened North Sea supplies due to a strike in Norway.

Italy To Bail Out Old, Broke and Crooked Bank

Banca Monte dei Paschi di Siena SpA, a 540-year-old financial institution commonly called Europe's oldest bank, was the newest Continental house of finance to receive a government bailout, after the Italian Treasury granted the bank a ?3.9 billion ($4.87 billion) credit lifeline Tuesday. The rescue came even though Monte dei Paschi is seen as basically insolvent by the markets and is led by a banker currently under criminal indictment.
Mother and Baby photoshoot

Irish Birth Rate Soars Over Rest Of Europe

According to the Economic and Social Research Institute's latest Perinatal Statistics Report, Ireland's birth rate increased nearly 30 percent over the past ten years, equating to about 17,000 more births in 2010 than ten years prior.
Asian Shares

Asian Stocks Mostly Decline On EU Summit Doubts

Asian Stock markets mostly declined Tuesday as market participants continued to doubt the ability of European leaders in tackling the debt crisis at a European summit later this week.
Crude Oil Futures on Track for Weekly Gain on U.S. Economic Recovery

Crude Oil Futures Fall On Economic Woes

Crude oil futures declined during Asian trading hours Tuesday as sentiment was dampened on concerns that faltering global growth could lead to lower oil demand.
Asian Shares

Asian Stock Markets Fall On Growth Fears

Asian stock markets mostly declined Monday as fears of a further global slowdown and economic headwinds from the euro zone continued to weigh on the sentiment.

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