The European Union has filed a suit with the World Trade Organization against Argentina?s import restrictions, raising the dispute between the EU and the South American nation only weeks after Buenos Aires nationalized Spanish oil firm Repsol?s subsidiary in the country.
Moving swiftly from the realm of tin foil-hat conspiracy to a bullet point being openly talked about as a fait accompli by international financiers, an exit by Greece from the European common currency dominated conversation this week. But what would actually happen if Greece left the euro?
Investors are increasingly making a flight to quality as they pull out of credit-default swaps hedges on Europe's primary index as well as the markets for periphery nations like Spain, a trend which indicates higher expectations that periphery nations are unable to repay their debts and a lack of confidence in the political will of the economic union.
The talks between the permanent UN Security Council members plus Germany (P5+1) ended in Baghdad after two days of tough negotiations surrounding Iran's alleged nuclear weapons program, which Iran had threatened to walk out of following the P5+1's refusal to scale back economic sanctions.
Greece, a country that accounts for less than 2 percent of the union's GDP, continues to wreak havoc among EU leaders as they plead and threaten the Mediterranean basket case to abide by a harsh medicine of tax rises, welfare cuts and liberalization.
MasterCard Inc. (NYSE: MA) said Thursday it will appeal a decision by Europe's second-highest court rejecting the credit card company's argument against an EU ban on cross-border card fees, Reuters reported.
The meteoric rise of a natural, healthy alternative to sugar - a holy grail for the food industry - might just be a little too good to be true. In two years stevia, a plant used for centuries by Paraguay's Guarani Indians, has shot to prominence in products by Coca-Cola, Danone and Merisant.
Futures on major U.S. indices point to a lower opening Thursday ahead of initial jobless claims and durable orders data.
Asian markets fell Thursday on increasing concerns about the debt crisis looming over the euro zone as national leaders were unable to present specific steps to overcome the situation in Europe.
As European leaders struggled to hold the euro zone together at a nighttime summit in Brussels, a widening gap emerged between Germany and France, which are now under new management.
For centuries, the Roma people have been marginalized and misunderstood by their European neighbors. A new report by the European Agency for Fundamental Rights (FRA) sheds light on this age-old human rights issue.
Investors on Wednesday eagerly snatched up a new two-year German bond with a zero-percent coupon, meaning investors were willing to pay to loan money to Europe's strongest economy when expected inflation is factored in. The yield ended at 0.07 percent.
Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis.
Futures on major U.S. stock indices point to a lower opening Wednesday ahead of new home sales data for April and a European Union summit.
Market sentiment continued to be negative as a report quoting former Greek prime minister Lucas Papademos stated that Greece was considering preparations to leave the euro zone. Greece will hold fresh elections June 17.
The European Central Bank (ECB) is propping up Greece with a secret infusion of ?100 billion ($126 billion) in emergency liquidity assistance (ELA) funds, the Financial Times reported Tuesday.
Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.
The measure grants President Barack Obama the power to impose sanctions against any country or company that enters into a joint venture or offers technology to assist Iran's uranium or oil industries.
Tomislav Nikolic, a former extreme-nationalist who now leads the Serbian Progressive Party, was named the victor of Sunday's presidential elections in Serbia, beating incumbent President Boris Tadic of the Democratic Party.
Turkey, which does not recognize the Cyprus government, and has repeatedly warned against exploration for oil and gas deposits on the island, launched its own exploration effort in the breakaway Turkish Republic of Northern Cyprus.
Asian stock markets slumped Friday as renewed concerns over euro zone crisis and lackluster economic data from US dented investor sentiment.
Asian shares fell steeply Friday after more signs emerged of growing instability among Spanish banks and political turmoil in Greece, with the latest sluggish economic data from the United States adding to the list of risks for investors.