EUROPEAN UNION

Greek Prime Minister Pleads For More Time To Meet Bailout Terms

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Greek Prime Minister Antonis Samaras requested on Friday that European Union (EU) and International Monetary Fund (IMF) creditors extend a ?237 billion bailout package for a grace period of two years to help the country survive its fifth year of recession.
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Asian Markets

Asian Stocks Mostly Higher On Stimulus Hopes

Asian stock markets mostly advanced Wednesday on hopes that major central banks around the world would act to tackle the deteriorating global economic conditions.
oil

Crude Oil Futures Retreat In Asia After EU Deal Rally

Crude oil futures declined during Asian trading hours Monday after reporting their biggest one-day price surge in three years in the previous session as a breakthrough in the European Union summit in Brussels boosted sentiment.
Tehran, nuclear program Iran

EU Embargo On Iranian Crude Oil Now In Full Effect

The European Union's economic sanctions on Iran became fully effective on Sunday, but the Islamic Republic's deputy oil minister claimed the country will have no difficulty finding replacements for recent EU purchasers of its crude.
Euro Zone

Euro Summit Agrees On Bank Rescue

European leaders established Friday a set of measures to address the euro zone debt crisis, including an agreement to allow some rescue funds to be sent directly to struggling banks instead of adding to the public debt of reeling economies.
Asian Markets

EU Summit Proposals Lift Asian Stock Markets

Asian stock markets rallied Friday as sentiment was buoyed after leaders at the European Union summit in Brussels agreed on important plans to tackle the region's debt crisis.
Traders work on the floor of the New York Stock Exchange

US Stock Futures Surge After EU Summit Announcements

U.S. stock index futures pointed to a higher open Friday as euro zone leaders at a Brussels summit agreed upon emergency measures to lower Italy's and Spain's borrowing costs and create a single regulatory oversight body for euro zone banks.
Traders on the New York Stock Exchange floor

US Stock Futures Decline Ahead Of Crucial EU Summit

U.S. stock index futures declined Thursday morning, pointing to a lower opening on Wall Street ahead of a decisive European Union summit in Brussels, where EU leaders will meet to tackle the euro zone debt crisis head on. The summit will take place June 28-29.

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