The trade between China and the European Union (EU) is balanced and healthy, according to the Chinese Minister of Commerce Chen Deming.
Billionaire investor George Soros is not happy with the way European officials are currently dealing with their peripheral debt crisis and thinks their policies will only further weaken these countries.
International observers slammed the Belarussian President Alexander Lukashenko, alleging that fraud and violence were widespread in Sunday's polls. They maintained that the results were 'seriously flawed' and at least six of the nine presidential candidates were arrested and reportedly beaten up by the police.
The Spanish economy is slowly recovering, but broad reforms will still be required to create jobs and improve government finances, according to a report from the Organisation for Economic Co-operation and Development (OECD).
The European Union agreed on Monday to ban Cote d'Ivoire's incumbent President, Laurent Gbagbo and his aides, the BBC reported. The Gbagbo regime is likely to be slapped with harsh sanctions from the West. The sanction could also include freezing the personal overseas assets of the president and his men and issuing visa bans.
The European Central Bank (ECB) has expressed concerns about some of the points in the Credit Institutions Bill that is being proposed by Ireland as part of a restructuring of its banking system.
European Central Bank head Jean-Claude Trichet said on Monday euro zone countries must do more individually and collectively to combat the bloc's debt crisis, and Ireland must stick rigorously to its bailout plan.
Belarusian President Alexander Lukashenko is set to be voted in for his fourth consecutive term, exit polls suggest. Local media has reported that Lukashenko is likely to win a massive 72 per cent of the votes while his rival Andrei Sannikov is predicted to get 6.33 per cent. Opposition had already voiced allegations of election fraud by the ruling party in the country. Lukashenko is running against nine opposition candidates.
Cote d'Ivoire's incumbent President, Laurent Gbagbo's aides have called upon their followers to prepare for a battle against the opposing Alassane Ouattara faction. The country seems to be on the brink of civil war as neither of the both groups refused to stand down.
Five countries said on Saturday the EU's budget should be frozen until 2020, highlighting a new source of policy divisions that could spark a funding battle between the region's western states and their poorer peers in the east.
Britain, France, Germany, Finland and the Netherlands called on Saturday for the EU budget to be frozen until at least 2020, in a joint letter to the European Commission.
InterMune Inc. (Nasdaq: ITMN) soared 144.50 percent on after a European advisory panel recommended that Esbriet, the company’s lung disease drug, be approved for sale in the European Union (EU).
The European Union (EU) needs a 'grand bargain' with Germany to fundamentally redesign its economic structure.
Nerbrand's team at HSBC reckon that Gold Investment accounts for just 0.14% of the average global portfolio today. If this figure increases, as we expect, the Gold Price could rise significantly...We believe asset allocators are likely to increase their weighting in gold over the next ten years if they focus on risk management
Moody's Investor Services on Friday downgraded debt-stricken Ireland's rating by five notches, citing the country’s troubled banking sector, uncertain economic outlook and decline in the Irish government's financial strength.
The Euro rose across the board on Friday helped by its leaders' positive response to creating a facility to safeguard its nations from debt issues like Ireland's, but a rating downgrade by Moody's on the troubled country dampened the sentiment, limiting gains by the single currency.
European Union leaders said last night differences over amending the EU treaties to make way for a permanent crisis mechanism have been papered over, but the market response to the development was muted as doubts still remained over key features of the deal.
It's a rather new Cold War. New rhetoric, spiraling conflicts and opposing fronts have returned to the panorama of the World. Posing a threat to the region's still fragile peace, a new arms race has begun in the Asia-Pacific.
Spain will ward off the worst of a European debt crisis without needing a rescue and there is no threat to the euro currency's existence, the head of the International Monetary Fund said on Thursday.
Spain will ward off the worst of a European debt crisis without needing a rescue and there is no threat to the euro currency's existence, the head of the International Monetary Fund said on Thursday.
While peripheral European countries are forced by the bond market to raise taxes and cut spending in 2010, they were some of the steepest tax cutter among OECD members from 2007 to 2009.
European Union leaders have agreed to create a permanent financial safety net from 2013 and the European Central Bank moved to increase its firepower to fight the debt crisis that has rocked the euro zone.
