Posts Tagged ‘European’

U.S. stocks down as Germany rejects merge of rescue funds

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks fell Wednesday after Germany rejected combining current and permanent euro-area rescue funds, and expressed pessimism over the outcome of a European Union Summit in Brussels that starts Thursday. Shorty after the market open, the Dow Jones Industrial Average fell 80 […]

ECB threatens to stop lending to banks using Greek bonds as collateral

The European Central Bank threatened on Thursday to stop lending to banks that would use Greek government bonds as collateral. The ECB would carry out the threat if Greece could successfully change the terms of its debts. The regional central bank is against the restructuring of the Greek debt because of fears it would bring […]

Euro hits two-month high as financial jitters ease

NEW YORK: The euro hit two-month highs against the US dollar on Monday on growing optimism the European Union was getting to grips with its financial and sovereign debt crisis. View full post on Business Stories

Ireland in debt crisis talks with EU

Officials of debt-burdened Ireland’s government are in talks with other European Union governments about how to handle its troubled finances, but denied they needed a bailout from an EU rescue fund. View full post on Canada Business Stories

ECB’ s Jean-Claude Trichet urges vigilance on protectionist pressures

Jean-Claude Trichet, president of the European Central Bank, has warned of increasing protectionist pressures. View full post on UK Business Stories

EU Commission to unveil Pakistan plan Thursday

BRUSSELS: The European Union’s executive Commission will unveil plans on Thursday to grant limited trade concessions to Pakistan to help it recover from devastating floods and maintain political stability, EU officials said. The proposal will see EU tariff cuts on a large number of products imported from Pakistan and should boost Pakistani imports to Europe […]