EUROPEAN UNION

IBTimes Logo

Act now to save global recovery, IMF chief urges

The new head of the IMF on Saturday called on global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession.

Brent Crude Holds at $110

Oil's Price
Brent crude steadied around $110 a barrel Thursday, boosted by reduced U.S. crude stocks and positive manufacturing data but countered by economic growth uncertainties.
More news
Rebel fighters celebrate after taking partial control of the coastal town of Zawiyah,

Rebels Hold Most of Tripoli, Gaddafi Out of sight

Libyan government tanks and snipers put up scattered, last-ditch resistance in Tripoli on Monday after rebels swept into the heart of the capital, cheered on by crowds hailing the end of Muammar Gaddafi's 42 years in power.
IBTimes Logo

Schaeuble says markets have confidence in euro

German Finance Minister Wolfgang Schaeuble said in a radio interview on Monday that the euro remains a stable currency and despite the euro zone debt crisis has held steady against the dollar in a consistent range.
IBTimes Logo

Nowotny worried about EFSF timeline delay: report

European Central Bank Governing Council member Ewald Nowotny is concerned that euro zone countries will not push through parliamentary approval of changes to their EFSF bailout fund as quickly as planned, an Austrian magazine quoted him as saying.
IBTimes Logo

Germany against euro bonds

Germany strongly rejected mounting calls for the euro zone to issue joint debt at the weekend, but signaled it was open for the bloc to move toward a form of fiscal union, with the finance minister saying he personally supported a European counterpart.
IBTimes Logo

Germany rebuffs renewed euro bond debate

Germany on Saturday rebuffed renewed calls that euro zone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already.
IBTimes Logo

Hedge fund Cairn sees France, Germany downgrades

France's top AAA credit rating is likely to be downgraded and Germany could easily follow as the costs of bailing out weaker euro zone economies push up their own debt piles, says credit hedge fund firm Cairn Capital's chief investment strategist.
IBTimes Logo

EU Commission: euro zone assessing Finnish-Greek deal

Euro zone member states will have to decide if a deal between Finland and Greece on collateral for financial support to Athens is in line with the agreement on the bailout agreed last month, the European Commission said on Friday.
Gold bar

Gold Shoots to Record High on Global Fears

Gold charged to a record high early Friday in electronic trading as a host of bad economic news from around the world drove investors away from stocks for the safety of the yellow metal.
Large scale protest in Hama, Syria

Obama Says Assad Must Go, Orders New Sanctions

The United States and European Union called on Syrian President Bashar al-Assad to step down Thursday, and U.S. President Barack Obama accused him of torturing and slaughtering his own people in what U.N. officials said could be crimes against humanity.
Smoke rises in the city of Latakia

Obama Accuses Assad of Slaughtering Syrian People

The United States and European Union called on Syrian President Bashar al-Assad to step down on Thursday and President Barack Obama accused him of torturing and slaughtering his own people in what U.N. officials said could be crimes against humanity.
U.S. Secretary of State Hillary Clinton

United States Calls on Syria's Assad to Step Down

The United States for the first time Thursday explicitly called for Syrian President Bashar al-Assad to step down and imposed new economic sanctions likely to be followed up by the European Union.
Smoke rises in the city of Latakia

Syria forces hold hundreds in Latakia sports stadium

Syrian troops raided houses in a Sunni district of the besieged port of Latakia on Wednesday, residents said, arresting hundreds of people and taking them to a stadium after a four-day tank assault to crush protests against President Bashar al-Assad.
Photo illustration shows one-tael gold cubes at a jewellery store in Hong Kong

3 Reasons to Buy Gold

Here are three reasons to buy gold, even if it means selling some stocks or bonds to get the money for such an investment.
A model holds a Samsung Electronics' new tablet 'Galaxy Tab 10.1' during its launch ceremony at the firm's headquarters in Seoul

How Samsung Galaxy Tab 10.1 Cheated Apple's Ban?

Samsung in the Netherlands is rolling out Galaxy Tab 10.1, which is otherwise banned in Europe after Apple won an injunction against Samsung for violating its intellectual rights to its iPad.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.