BUSINESS

EU Commissioner De Gucht

EU Sues Argentina For 'Protectionism' As Trade Row Deepens

The European Union has filed a suit with the World Trade Organization against Argentina?s import restrictions, raising the dispute between the EU and the South American nation only weeks after Buenos Aires nationalized Spanish oil firm Repsol?s subsidiary in the country.
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World Market Overview for May 25

Overnight price action saw European equities begin their session on a positive footing, but have since pared these gains and are now in the red as investor sentiment waffles.
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Euro Zone Outlook Murky

While the European Economic Summit failed to provide any earth-shattering revelations this week, the topic of joint euro area bonds has re-emerged and seems to be garnering support with many political leaders
A gas drilling site on the Marcellus Shale is seen in Hickory, Pennsylvania February 24, 2009.

Fracking Debate Complicates As Group Accuses University Of Parroting Oil Industry

In the debate on hydraulic fracturing's safety record, the back and forth between industry groups, activist, and academic studies creates a lot of noise for the average person to sort out. But when a university is accused of misrepresenting its own data, that makes understanding the controversial drilling technique even more challenging.
Bankia

Spain's Bankia Suspends Shares On Bailout Rumors

Bankia, Spain's fourth largest bank, reportedly asked for the suspension ahead of a board meeting on Friday afternoon aimed at redrawing its accounts for 2011 and submitting a plan to bolster its finances.
US Housing Sector

Are Record-Low Mortgage Rates Hurting The US Housing Market?

U.S. mortgages rates have dropped to record lows for four consecutive weeks, but that doesn't mean more homes will be sold. In fact, at least one housing expert argues that extremely low rates are causing banks to be even more stringent with underwriting approvals, turning away more prospective buyers and hurting the national housing market.
Luanda Attack

Angola: The Bloody 'Democracy' Of An Oil Republic

As soon as the door opened, 15 men -- armed with pistols, machetes and iron rods -- burst into the house and began beating the young Angolan musicians and activists who were known for protesting against government corruption and the use of violent tactics to suppress political dissent.

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