EUROPEAN UNION

European Stocks Rise On Greece Optimism

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange
European markets rose Thursday as investors were hopeful ahead of the meetings between the Greek and other euro zone leaders this week to discuss measures to tackle the economic and financial instability affecting Greece.
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Traders work at their desks in front of the DAX board at the Frankfurt stock exchange

European Markets Mixed Ahead Of EU Meeting

European markets were mixed Monday as investors remained watchful ahead of the meetings between the Greek and other European leaders this week to discuss measures to tackle the economic and financial instability plaguing Greece.
Pieces of gold

Gold's Value Up For Europeans As Exchange Deems Bullion Collateral

European investors looking to bet on risky derivatives will be able to use gold to back their trades, one of the Continent's major exchanges said Friday, a development that could both make the yellow precious metal a more valuable asset and foster the growth of derivative trading volume.
Coelho

As Portugal’s Pain Deepens, Investors Reward Nation

Investors rewarded Portugal's efforts to trim its budget gap by sending the credit-default swaps on Portugal to a low of 725 basis points on Thursday, down from 1,515 in January and 1,237 in May, according to Bloomberg. The implied probability of Portugal defaulting on its debt fell to 46 percent from 73 percent.
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Asian Shares Steady In Ranges Awaiting US, Euro Zone Data

Asian shares steadied Tuesday with investors staying sidelined ahead of more figures from Europe and the United States later in the day, after recent data showed the euro zone's debt woes were eroding business activity globally.
The Chicago PMI continues to signal economic recovery for the region, although some business have become worried about rising energy costs

US Gas Prices Won't Drop Until October - Analyst

Gasoline production issues and tensions between Iran and Israel have sent U.S. gasoline prices above $4 per gallon in some cities, and prices likely won't fall until October, according to gasoline analysts.

Samsung Offers $300 Rebate For Old Smartphones

With the iPhone 5 rumored to be released in this September, Samsung is taking a new approach in encouraging customers to switch by offering a rebate of up to $300 for old smartphones.
Jobless Greeks wait in line outside an unemployment bureau in Athens

Greeks Pack Off To Germany In Droves

Thalia Paraskeva, 24, was getting increasingly desperate. Equipped with a degree in graphic design from Athens, she had no luck finding a job in Greece. One day, she booked a ticket to Berlin and swiftly packed some dresses, a jacket, a pair of snug boots and a Greek-German dictionary before boarding the plane.

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