EUROPEAN UNION

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.

The Iranian nuclear technology dance continued Tuesday as EU foreign affairs chief Ashton met with Iranian National Security Council Secretary Jalili.

The results of the Dutch election on Wednesday show that incumbent Prime Minister Mark Rutte and his VVD Party have won a greater plurality, but the party of far-right politician Geert Wilders has lost badly. These results cement the Netherlands' leading role in the recovery of the euro zone.

Asian shares eased Thursday ahead of the U.S. Federal Reserve's decision later in the day, but investors remained optimistic of further stimulus action to bolster the world's largest economy.

Dutch voters handed pro-European parties a sweeping election victory on Wednesday, shunning the radical fringes and dispelling concerns that euro skeptics could gain sway in a core euro zone country.

Far-right Dutch politician and leader of the ultra-conservative Freedom Party (PVV) Geert Wilders formerly established his party in parliament on a platform of Islamophobic anti-immigration, and now seeks to turn nationalist sentiment against the eurozone amid frustrations with debt-laden countries like Greece, Italy and Spain. Poll indicate his party will lose seats this election, but it has defied expectations in the past.