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The European Union

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  • The head of a key European structured finance division at Barclays Capital has quit this week, sources familiar with the matter said, as market turmoil battered the investment structures that his team helped arrange.

  • Euro Zone August Growth Dips, Confidence Hit Friday, 24 Aug 2007 | 6:44 AM ET

    Euro zone private sector growth cooled in August as factory order growth hit its weakest since late 2005 and a credit squeeze in financial markets bruised service sector confidence, key data showed on Friday.

  • STMicroelectronics, Europe's biggest chipmaker, is in talks with several Chinese semiconductor firms on a possible manufacturing tie-up, a source familiar with the situation said on Friday.

  • Central Banks Worried Turmoil May Linger Thursday, 23 Aug 2007 | 10:52 AM ET

    Global financial turmoil prompted the Bank of Japan to hold rates on Thursday and warn that the tremors would take time to settle, and the European Central Bank was inundated with demand at a new money market tender.

  • EU Relaxes Ban on British Meat Exports Thursday, 23 Aug 2007 | 7:27 AM ET

    The European Union on Thursday relaxed a ban on exports of British livestock, meat and dairy products that was imposed after an outbreak of foot-and-mouth disease in southeastern England earlier this month.

  • Apple Signs Deals for European iPhone Sale: FT Thursday, 23 Aug 2007 | 5:59 AM ET

    Apple has signed contracts with three major European mobile phone operators for exclusive rights to sell its new iPhone, the Financial Times reported on its Web site citing sources familiar with the situation.

  • ECB Plans 40 Billion Euros Tender to Boost Liquidity Wednesday, 22 Aug 2007 | 10:45 AM ET

    The European Central Bank, which has been pumping extra funds into European money markets for two weeks, said Wednesday it plans to auction supplementary three-month funds valued at 40 billion euros ($53.97 billion) to provide more liquidity to cash-starved markets.

  • EADS Seeks Stake in Russian Aviation Giant UAC Wednesday, 22 Aug 2007 | 9:12 AM ET

    European aerospace firm EADS said it would seek to acquire a stake in a giant Russian state aircraft holding, known as the United Aviation Corporation, by swapping its stake in warplane maker Irkut.

  • Nasdaq Chief Sees OMX Deal as Way to Eastern Europe Firms Wednesday, 22 Aug 2007 | 7:34 AM ET

    Nasdaq Chief Executive Bob Greifeld said Wednesday that shareholders in Nordic bourse operator OMX would benefit from a linkup with the U.S.-based exchange, enabling the combined company to expand its business with Russian and eastern European companies.

  • Russia Backs Czech to Head IMF, But Czechs Don't Wednesday, 22 Aug 2007 | 6:49 AM ET

    Russia nominated former Czech premier and central bank chief Josef Tosovsky on Wednesday to run the International Monetary Fund, but the Czech government immediately disowned his candidacy.

  • The European Central Bank on Tuesday allotted 275 billion euros ($370.3 billion) in 7-day refinancing operations, at an average interest rate of 4.09%.

  • Kazakhstan threatened on Tuesday to revoke an Eni-led consortium's permit to exploit the giant offshore Kashagan oilfield due to environmental law violations.

  • Poland's Gdansk shipyard, the birthplace of the anti-communist Solidarity movement, has submitted a last-ditch rescue plan to the European Union to prevent its closure.

  • Euro Zone June Trade Surplus Grows Tuesday, 21 Aug 2007 | 5:43 AM ET

    The euro zone's foreign trade surplus soared more than expected in June from the previous month, data showed on Tuesday, as exports grew twice as fast as imports despite a strong euro.

  • The European Central Bank is still likely to raise the interest rate in September, as it had previously signalled, despite the turmoil in financial markets, Trevor Williams, Chief Economist at Lloyds TSB Corporate Markets, told "Worldwide Exchange."

  • French BNP Paribas Says Exposure to Subprime Limited Friday, 17 Aug 2007 | 10:04 AM ET

    France's economy minister and the head of the country's biggest listed bank, BNP Paribas, met on Friday to discuss the U.S. subprime mortgage crisis, which has affected some of BNP's funds.

  • EU Executive Confirms Review of Credit Agency Code Thursday, 16 Aug 2007 | 7:02 AM ET

    The European Commission will review a voluntary code used by credit rating agencies as they appeared too slow in warning about problems in the U.S. subprime mortgage sector, a spokeswoman said on Thursday.

  • EU Sets Deadline for Consortium Bid for ABN Amro Thursday, 16 Aug 2007 | 6:49 AM ET

    European Union regulators on Thursday set a Sept. 19 deadline to approve bids from a consortium led by Royal Bank of Scotland for Dutch bank ABN Amro Holding.

  • Euro Zone Inflation Eases to Up 1.8% in July Thursday, 16 Aug 2007 | 5:07 AM ET

    Annual inflation in the 13-nation euro zone currency area eased to 1.8 percent in July to stay well within the European Central Bank's target area even though economists expect it to raise interest rates next month.

  • Deutsche Telekom to Axe Jobs in 2009 Wednesday, 15 Aug 2007 | 8:59 AM ET

    Deutsche Telekom will cut more jobs when a self-imposed moratorium expires at the end of 2008, the company said Wednesday.