Result Page 61 for European union news & latest pictures from ibtimes.com

S&P 500 Closes Above 1,400 On U.S. Optimism: Daily Markets Wrap

Stocks surged Thursday, with the S&P 500 topping the 1,400 mark for the first time in nearly four years, propelled by firm readings on the jobs market and manufacturing activities.

Derivative Swaps In Greek Debt Deal Could Weaken Europe Further

Greece's nearly $270 billion debt restructuring was deemed a default last week, bringing relief to creditors that had hedged their bets by buying credit default swaps. But the default declaration could send a wave of unintended consequences throughout Europe, further weakening some already-fragile economies.

IMF approves $36.7 billion bailout for Greece

The International Monetary Fund on Thursday approved a 28 billion euro ($36.7 billion) bailout for Greece, part of a broader international rescue package for the debt-strapped euro zone member.

IMF approves 28 billion euro bailout for Greece

The International Monetary Fund on Thursday approved a 28 billion euro ($36.7 billion) bailout for Greece, part of a broader international rescue package for the debt-strapped euro zone member.

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Greek Cabinet Formally Approves Bailout Deal

Greece's cabinet unanimously approved the terms of its international bailout on Wednesday, hours after euro zone countries formally approved the 130 billion euro ($169 billion) financial package that Athens needs to stay afloat.

Hungary's PM Orban attends a news conference at the European Council in Brussels

EU Suspends Hungary Payments After Budget Deficit Breach

The unprecedented move marks the first time the Union has punished a member state for flouting the strict budget rules, which stipulate no country must go above a debt ceiling of 3 percent of GDP.

US Asks Saudi Arabia To Boost Oil Output For Summer

The United States is pressing Saudi Arabia to boost oil output to fill a likely supply gap arising from sanctions on Iran, Gulf oil officials said, adding that an increase in production is unlikely to be needed before July.

Protests, at times violent, have become common occurrences in Greece in the era of austerity

Greek Austerity Measures: More Cuts Demanded in ’13, ‘14

The European Commission doesn't believe the Greek austerity measures currently adopted are enough. For 2013 and 2014, it is demanding additional cuts equivalent to 5.5 percent of the GDP, according to a report obtained by Reuters.

Spain's PM Rajoy holds a news conference at the end of a European Union leaders summit in Brussels.

Spain To Meet EU Budget Deficit Demands

Spain announced it will adhere to budget cuts demanded by the European Union, ending the first tussle over new, stricter budgetary rules within the trading bloc.

General view of the 8th World Trade Organization Ministerial Conference in Geneva

US, EU, Japan File WTO Complaint Against China Over Rare Earth Exports

The U.S., the European Union and Japan will file a complaint with the World Trade Organization, which arbitrates international trade disputes, on Tuesday over Chinese export caps on rare earth minerals used in high-tech manufacturing, the Wall Street Journal reported.

EU, US, Japan Launch Rare Earth WTO Case Against China

The European Union, United States and Japan formally asked the World Trade Organization on Tuesday to settle a dispute with China over Beijing's restriction on exports of raw materials, including rare earth elements critical to major industries.

Stock Index Futures Signal Gains Ahead Of Fed

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.56 percent, Dow Jones futures up 0.45 percent and Nasdaq 100 futures up 0.54 percent at 0949 GMT.

China accounts for more than 90 percent of global production of rare earth materials.

U.S. to Press WTO on Rare Earths Case Against China: Is it Another Move by Obama Before Facing Presidential Election?

The U.S. will join Japan and the European Union for pressing the World Trade Organization to force China for loosening its restrictions on exports of rare-earth minerals.

U.S. and China On Trade War Over Rare Earth Export Restriction

The Obama administration is all set to file a case against China's export restrictions on rare earth at the World Trade Organization.

Eurozone Spotlight on Spain after Greece Deal Approved

Eurozone finance ministers approve second bailout for Greece but demand Spain acts urgently to deal with tight deficit target.

Greek Finance Minister Venizelos addresses journalists during a news conference in Athens

Greek Finance Minister Venizelos To Lead Socialist Party

The Panhellenic Socialist Movement, or Pasok, will vote Sunday on a replacement for party leader George Papandreou, the former prime minister. Venizelos is the only candidate.

Boeing, Airbus Both Claim Victory In WTO Ruling

Boeing Co. and Airbus SAS both claimed victory Monday in a World Trade Organization ruling that the U.S. aircraft maker had received unfair government subsidies.

After Greece, EU Ministers Discuss Looming Spanish Debt Problem

As ministers meet to finalize the Greek payout, concerns have been raised that Spain may become the next challenge for the Union as it struggles to keep its debt-ridden Southern members afloat.

Sarkozy Talks Tough On Illegal Immigration

Nicolas Sarkozy said during a rally on Sunday that France should pull out of the Schengen zone in an effort to stop illegal immigrants from entering the country.

Palestinians carry the body of militant Abu Metlak during his funeral in Khan Younis

Israeli Rocket Attacks On Gaza Enter Fourth Day

Israel claimed it launched the attack to retaliate for prior rocket launches onto its territory by militants in Gaza.

Euro Zone Ministers To Meet For Final OK Of Greece Bailout

Finance ministers from euro zone nations are meeting in Brussels on Monday to discuss their likely final approval of a second package of rescue loans for Greece.

Enrica Lexie: Italy Urges India to Release Detained Marines

Mounting the pressure on New Delhi, the Italian Embassy has sent a letter to the Union Ministry of External Affairs demanding the release of the Italian marines detained following a rogue firing off the southern coast of India, which resulted in the death of two Indian fishermen on board a fishing boat.

France's President Sarkozy delivers his speech on the euro zone financial crisis in Toulon

Sarkozy Lashes Out At Free Trade, Immigration

President Nicolas Sarkozy, recasting himself as France's savior from low-cost competition and high immigration, threatened to disregard European limitations on protectionism as he sought to give his re-election campaign a second wind Sunday.

Greece's Finance Minister Venizelos attends a Eurogroup meeting ahead of a two-day EU leaders summit in Brussels

Finance Minister Venizelos To Lead Socialists Into Greek Election

Greek Finance Minister Evangelos Venizelos will run unopposed for the leadership of the Socialists, party officials said Sunday, as the political focus shifts towards a parliamentary election now that Athens has secured a bond swap deal.

China Reports $31.48 Billion Trade Deficit for February

China Reports $31.48 Billion Trade Deficit in February

China had a trade deficit of $31.48 billion in February, according to data revealed by the General Administration of Customs Saturday. This is another indication that global economic condition is continuing to affect the country's exports.

U.S. Senator Calls for Naval Blockade of Iran

In a bid to pressurize Iran into giving up its nuclear weapons ambitions, the Chairman of the U.S. Senate Armed Services Committee said a naval blockade of Iranian oil exports should precede a U.S.-Israel joint military action against the Islamic nation.