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European Union

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Spain has the Highest Unemployment Rate in EU at 18.7%
Top Foreign Stocks  9 hrs ago 
Yesterday the BLS released the unemployment data for the month of June. A total of 467,000 jobs were lost in June and the unemployment rate remained almost the same at 9.5%. The Eurostat also released the unemployment report for the EU but for...
Stocks Dip, Investors Cautious on Recovery
Contrarian Profits  Jul 3 
World stocks fell today, Friday, after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow. U.S. employers cut far...
EU mergers and takeovers (July 3)
Reuters  Jul 3 
The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:
EU to Urge Poland, Hungary, Lithuania to Rein In Budget Gaps
Bloomberg  Jul 3 
European Union finance ministers will ask Hungary, Lithuania and Poland to rein in their budget gaps as the bloc’s eastern members face delayed euro adoption while struggling to adhere to fiscal rules, draft EU documents show.
Global stocks dip as investors cautious on recovery
Reuters  Jul 3 
World stocks fell on Friday after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow.
EU: no probe of German state aid for Opel for now
Reuters  Jul 3 
The European Commission is not investigating for now German state aid to ailing car maker Opel, a spokesman said on Friday. "German authorities have not yet clarified what they want to do ... So no in-depth investigation on Opel on our side for...
Clearing key to making derivatives safer: EU
Reuters  Jul 3 
Derivatives pose risks on financial markets that central clearing of contracts would mitigate, the European Commission said on Friday, outlining plans that fall short of more radical U.S. steps.
[$] EU Outlines Derivatives Revamp
Wall Street Journal  Jul 3 
EU Seeks Use of Clearinghouses for OTC Derivatives
Bloomberg  Jul 3 
EU Seeks to Toughen Mutual-Fund Rules After Madoff
Bloomberg  Jul 3 
Euro-Zone Retail Sales Slip in May
Wall Street Journal  Jul 3 
Retail sales in the 16 countries that use the euro resumed their long decline in May, having risen in April.
Euro-zone May retail sales slide 0.4%
MarketWatch  Jul 3 
Oracle, Sun deal to be filed to EU in July
Reuters  Jul 3 
* Information on Java licensing rights to be in EU filing
Steel consumption in EU down by 43%!
Commodity Online  Jul 3 
However indicators suggested that the economic downturn could bottom out over coming months European steelmakers lobby Eurofer said in its Economic and Steel Market Outlook 2009 2010.
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