EUROPEAN UNION

Euro Zone Annual Budget Deficit Down, But Debt Up In 2011

A banner featuring a Euro coin is seen on the European Commission headquarters building ahead of a European Union heads of state summit in Brussels
The 17-member eurozone managed to reduce deficits to 4.1 percent of the gross domestic product in 2011, down from 6.2 percent in the previous year, according to official European Union figures released Monday. Overall debt increased to 87.2 percent of GDP from 85.3 percent.

FDA Drafts Additional Safety Tests For Nanotech

FDA Seeks Additional Regulations In Nanotech
U.S. health regulators said consumer products that use nanotechnology may have unknown effects on the human body, and advised food and cosmetic companies to further study the safety of these tiny particles.
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Spain and EU deficit calculations add up

Spain's budget deficit was confirmed at 8.5 percent of economic output in 2011 by the EU's statistics office Eurostat on Monday, dispelling doubts about the new Spanish government's reading of its national accounts.
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GE, Microsoft Earnings Lift Stock Futures

Stock index futures rose on Friday, indicating the S&P 500 may snap a 2-day decline, after better-than expected results from Microsoft and General Electric Co propelled a solid earnings season.
Opposition Supporters in Myanmar

EU To Suspend Sanctions On Myanmar

The European Union will formalize a suspension of sanctions against Myanmar next Monday, allowing for major easing on restrictions against the country over the next year.
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Spanish Debt Sale Holds Markets In Check

German bond yields hovered near record lows and the euro held steady on Thursday ahead of bond auctions by Spain and France that are key to investor confidence in Europe's ability to tackle growing economic and fiscal problems.
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Asian Shares Flat Awaiting Spanish Bond Sale

Asian shares moved in a narrow range Thursday after the previous day's rally as investors grew cautious ahead of a key Spanish bond sale that would test the market's risk appetite as concerns mounted over the euro zone's debt crisis.
Iran  Ali Akbar Salehi

Iran: The West Cannot Force Us To Surrender

Iran said that the nuclear negotiations have proved that Western countries are unable to force Iran to surrender and give up its absolute and legitimate rights to use peaceful nuclear energy.
Spain

Spain Bailout: Not If, But When, Experts Say

Economic experts watching Spain don't know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.
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IMF Inches Toward Deal On Boosting Firepower

The International Monetary Fund on Tuesday appeared to be inching toward a deal on boosting its financial firepower with Japan, Sweden and Denmark committing a total of $77 billion to help contain the euro zone debt crisis.
China Construction

European Debt Concerns Weigh on China’s FDI

Foreign direct investment (FDI) into China continued to fall for the fifth consecutive month in March, as concerns over European sovereign debt crisis curbed investments by companies in the world’s second largest economy.
U.S. and Global Economies

Vacation Is Over, Euro Zone Crisis In 2012 Back: Roubini

Vacation is over and the euro zone crisis in 2012 is back as fundamental realities of high debt and low growth set in again, said economist Nouriel Roubini of Roubini Global Economics in a recent commentary amid rising yields for Spanish and Italian sovereign debt.

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