Wednesday, May 23, 2012 10:36 AM SAST

European Union

The European Union (EU) is an economic and political union of 27 member states, located primarily in Europe. Committed to regional integration, the EU was established by the Treaty of Maastricht on 1 November 1993 upon the foundations of the European Communities.

Articles About European Union

The London Stock Exchange
LSE Shares Tumble as Italian Banks Dump Stakes in Stock Exchange Group

By IBTimes UK

London Stock Exchange shares dive after Italy's UniCredit and Intesa Sanpaolo confirm stake sale (10:02 am)

MORE TOPICS: LONDON STOCK EXCHANGE, DUBAI, MORGAN STANLEY, S&P, INVESTMENT, LONDON

Britain's FTSE drops back, reversing strong rally

By Reuters UK

Britain's top share index dropped back in early deals on Wednesday, erasing much of a strong, two-session rally in tandem with sharp falls in Asian markets weighed by fading hopes for action from a meeting of European leaders. (9:21 am)

MORE TOPICS: FTSE

Cautious markets retreat before EU summit

By Reuters UK

Riskier assets retreated broadly on Wednesday as hopes for fresh measures to tackle the euro zone debt crisis faded and caution set in ahead of a meeting of European leaders, with sentiment hurt by renewed fears Greece would leave the euro bloc. (8:28 am)

MORE TOPICS: CHINA, GOLD, BARCLAYS, SAMSUNG, JAPAN, BANK OF JAPAN

Markets retreat on caution before EU summit

By Reuters UK

Riskier assets retreated broadly on Wednesday as hopes for fresh measures to tackle the euro zone debt crisis faded and caution set in ahead of a meeting of European leaders, with renewed fears that Greece would leave the bloc dampening investor sentiment. (5:28 am)

MORE TOPICS: CHINA, GOLD, BARCLAYS, SAMSUNG, JAPAN, BANK OF JAPAN

World Bank cuts China forecast, urges measured policy

By Reuters

The World Bank cut its economic growth forecast for China this year to 8.2 percent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity. (4:35 am)

MORE TOPICS: CHINA, JAPAN, EARTHQUAKE, INTERNATIONAL MONETARY FUND, INVESTMENT

Shares retreat as caution replaces hopes before EU summit

By Reuters UK

Asian shares retreated on Wednesday as hopes for fresh measures to tackle euro zone debt faded and caution set in ahead of a meeting of European leaders, with renewed fears Greece would leave the euro bloc dampening appetite for riskier assets. (2:56 am)

MORE TOPICS: CHINA, GOLD, BARCLAYS, JAPAN, BANK OF JAPAN, EUROPEAN CENTRAL BANK

Euro Staggers with Worsening Greek Crises
Australian Dollar Outlook - 05/23/2012

By IBTimes AU

Bell FX Currency Outlook: This morning the Australian dollar is over a US cent lower, currently trading at USD0.9790 after comments about the possibility of Greece leaving the Euro currency resulted in risk aversion trading, and in turn, a fall in the AUD. (2:13 am)

MORE TOPICS: AUSTRALIA, FTSE, CHINA, DOW JONES, WESTPAC, GERMANY, GDP

Markets
European Stocks Boosted By Positive Outlook: Daily Markets Wrap

By IBTimes

Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiab... (10:13 pm)

MORE TOPICS: CHINA, GOLD, FEDERAL RESERVE, DOW JONES, GERMANY, MANUFACTURING, JPMORGAN CHASE, CRUDE OIL

Oil slips, choppy as IAEA nears deal with Iran

By Reuters

Oil prices fell on Tuesday in choppy trading as signs of a deal between the U.N.'s IAEA and Iran on Tehran's nuclear program eased fears of oil supply disruptions, while the unsettled euro zone debt crisis continued to threaten economic growth. (8:31 pm)

MORE TOPICS: CRUDE OIL, ISRAEL, JAPAN, NEW YORK, FORECLOSURES, LONDON

Strong miners, Vodafone help Britain's FTSE rally

By Reuters UK

Britain's leading share index jumped on Tuesday, driven by gains in mining stocks as the demand picture for metals was brightened by hopes of fresh moves by China to boost its economy. (6:14 pm)

MORE TOPICS: CHINA, IMF, FTSE, COPPER, BANK OF ENGLAND, INTERNATIONAL MONETARY FUND