The European Union (EU) is an economic and political union of 27 member states that are located primarily in Europe.

 Page 2 

LATEST

HOT LIST

EU Launches CDS Probes Of 16 Banks

The European Commission has opened two antitrust investigations concerning the Credit Default Swaps market. CDS are financial instruments meant to protect investors in the event a company or State they have invested in default on their payments. They are also used as speculative tools.

European Union

Why the City of London Would Be Better Off Outside the EU

The perennial debate concerning Britain and the European Union is not quite reaching its denouement, but this Friday's long awaited speech from Prime Minister David Cameron on desired future relations between the two parties is certainly concentrating the issue.

Pointing The Finger

Six banks to be fined over rate rigging

EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.

Cry Baby

'We Feel Like Crying': Cypriots Lament 'Terrible' Deal

A day after Cyprus struck an 11th hour bailout deal with international creditors, economists warned of the devastating impact it would have on the Cypriot economy as ordinary Cypriots attempted to come to terms with a new reality.

The Captain Phillips Pirates

Banks hit with $2.3bn rate-rigging fine

Some of the world's biggest banks have been hit with a 1.71 billion euros ($2.3 billion) fine for interest rate-rigging by traders, the largest fine ever imposed by the European Commission (EC).

Iran Missile Test

EU Imposes Toughest SanctionsYet Against Iran

Rigorous new sanctions against Iran's banking, shipping and industrial sectors took effect on Saturday, as part of the European Union's effort to force Tehran to scale back its nuclear program.

FEATURED