EUROPEAN UNION

Euro zone finance ministers and the IMF announced on Monday night that they reached a deal on an urgently needed bailout for Greece.

European Union budget talks collapse as "givers" and "takers" fail to agree on spending cuts.

European leaders are meeting this week in Brussels to hammer out the contentious issues that will be debated as they form their next budget.

The decision should help President Hollande convince his compatriots that more reforms are needed.

Stock markets in Asia are expected to move along with the global markets in the coming week in the absence of any major regional risk events and a light calendar for economic news.

Asian markets fell in the week with the investor sentiment turning negative following the concerns about the U.S. facing a “fiscal cliff” consisting of tax increases and spending cuts at the beginning of next year.

The EU and several Latin American countries have ended a trade dispute after agreeing to gradually lower tariffs on banana exports to Europe.

This week, the two largest economies will have political transitions, three central banks will meet, and Greece's parliament is set to vote on key reforms.

The U.S.'s rank has plummeted, while overall global prosperity has increased.

The U.S. employment situation summary Friday will carry the most weight, because it will be the last jobs report before Election Day.

Confusion reigns after the EU summit ends, and leaders are still at odds over a future banking union.

Barack Obama and Mitt Romney will cover both domestic and foreign policies during the second U.S. presidential debate Tuesday.

How can an organization of 27 nations win the Nobel Peace Prize? As it turns out, the European Union isn't such an odd choice.

The vast ranks of the Euroskeptics are having a field day mocking the EU's Nobel Prize for Peace. They are wrong: It's among the most deserved ever, and here is why

The Nobel Peace Prize for 2012 was awarded to the European Union (EU) for its six decades of contributions to the advancement of peace and reconciliation, democracy and human rights in Europe, the Norwegian Nobel Committee announced Friday.

Asian stocks were mixed Friday as concerns over global growth and weak corporate earnings outweighed upbeat U.S. jobs data.

Asian stock markets declined Thursday as weak machine orders data from Japan and the Spanish debt downgrade by Standard & Poor’s weighed on the sentiment.

The U.S. Federal Reserve's assessment of current conditions, as well as data on inflation and trade, will highlight the economic calendar this week.

ECB President Mario Draghi Thursday said his bank's recent actions had worked, and pushed political leaders to get-a-move-on.

European markets rose Thursday ahead of the policy meeting of the European Central Bank amid hopes that Spain would soon seek a bailout to help reduce its borrowing costs.

Spain's and Italy's borrowing costs dropped dramatically at the start of the month on ECB promises, but more are losing confidence in the bank's plans.