EUROPEAN UNION

EU nears deal on buildings eco-standards

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New energy economy standards could kick in for all new public buildings in the European Union from 2018, and for all new homes and offices from 2020, a source close to the EU negotiations said on Friday.

Slovaks find downside of eurozone

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When Slovakia adopted the euro in January, Alexander Joszay loved driving across the border to Hungary, where financial crisis had weakened the forint to deliver lower prices for euro-earners.
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EU ministers reject target date for bank aid phase-out

EU finance ministers agreed on Tuesday to start major efforts to narrow budget gaps in 2011 at the latest and reached preliminary agreement to boost the amount of capital banks must hold to offset risky activities.
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Global stocks slide after Fed, ahead of ECB

World stocks slid on Thursday following the Federal Reserve's decision to keep interest rates near zero for an extended period and ahead of policy decisions by the European Central Bank and Bank of England.
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EU agrees climate funding deal

European Union leaders resolved a funding dispute on Friday to agree a negotiating position for talks on a global deal to combat climate change.
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Global stocks slump, Europe bucks trend

Emerging market and Japanese shares fell sharply on Tuesday after an overnight sell off on Wall Street, but the retreat failed to boost the dollar which fell after the previous sessions' gains.
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Global stocks edge higher; China report hits dollar

A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar on Monday while global stocks sought to recover from last week's weakness.
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EU ministers plan to curb CO2 from planes, ships

European environment ministers agreed a proposal on Wednesday to curb global emissions from planes and ships by 10 percent and 20 percent respectively over the next decade, two EU diplomats said.
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EU progress on carbon capture still too slow: RWE

The European Union is taking too long to get up to 12 carbon capture and storage demonstration plants operating by 2015, RWE npower's head of environmental strategy told a carbon conference on Wednesday.
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Dollar, stocks, oil all fall

Recent trading patterns broke at least temporarily on Wednesday with both the dollar and world stocks slipping, the latter weakened particularly by falling emerging markets.
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EU fails to agree climate funds

Talks on a new U.N. climate deal stumbled on Tuesday when European Union finance ministers failed to agree funds for poor countries and India reiterated demands for aid to help curb its emissions.
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EU proposes €280 million aid to farmers

The European Union announced Monday that a majority of EU states agreed to create a €280 million ($418 million) fund to help dairy farmers cope with the impact of low prices.
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EU bogged down on Copenhagen climate stance

European Union states are struggling to agree on a common stance for a U.N. climate pact in Copenhagen in December, after leading the way among rich nations, draft documents indicated on Friday.
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Retail sales fall less than expected

Sales at U.S. retailers fell in September, but rose excluding motor vehicles for a second straight month in September, raising cautious optimism consumer spending could support the economic recovery.
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Earnings optimism lifts stocks

European shares followed Wall Street higher on Monday on optimism about the third-quarter earnings season, while the dollar gained for the second session in a row.
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EU directive could hit Canada hedge fund business

Canadian hedge funds may lose more than 20 percent of their business if the European Union approves a proposed directive restricting foreigners' ability to sell into the EU, a top fund manager said on Thursday.
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Europe eyes 15 million eco-renovations: draft

Fifteen million European buildings should have eco-friendly renovations over the next decade to cut energy use, with builders and architects re-educated to do the job, a draft EU report says.
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Czech president makes new demand over EU treaty

Czech President Vaclav Klaus raised a new obstacle to the European Union's Lisbon reform treaty on Thursday, telling EU president Sweden he wants a footnote added to the document before signing it into force.
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ECB set to hold rates, caution on economy

The European Central Bank is expected to keep interest rates at a record-low 1.0 percent on Thursday and its head Jean-Claude Trichet will probably caution against high hopes of a speedy economic recovery.

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