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EuropeSun.com Monday 6th February 2012 Edition 2012/0602
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Europe slump to hit China growth, warns IMFEurope slump to hit China growth, warns IMF
NEW YORK - The IMF has warned of lower growth in China in view of the economic slump in Europe, and cut its forecast for the world's second largest economy this year to 8.25 per cent from 9 per cent...


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Greece to continue bailout talksGreece to continue bailout talks
ATHENS - Greek Prime Minister Lucas Papademos has said he would continue intense talks with his coalition partners on austerity measures for a 130 billion-euro EU bailout plan second for...
No EU carbon tax, vows ChinaNo EU carbon tax, vows China
BEIJING - China's Monday asked its airlines not to pay a charge on carbon emissions imposed by the European Union (EU).

The authorities also asked the airlines not to hike freight or add other...
12th India- EU Summit to be held in New Delhi on Feb 10
The 12th India- European Union (EU) Summit will be held in New Delhi on February 10.

Prime Minister Dr. Manmohan Singh will lead the Indian delegation, while Herman Van Rompu, President of European...
China bars airlines from paying EU carbon emission charge
China's airlines are not allowed to pay a charge on carbon emissions imposed by the European Union (EU) nor are they allowed to hike freight or add other fees without government permission,...
EU to introduce new sanctions on Syria
The European Union may introduce a new package of sanctions against Syria, Belgian Foreign Minister Didier Reynders has said.

"Belgium will actively contribute to this process (preparation and...
China: European Union: Beijing and Brussels at war "over planes"
China does not intend to submit to air carbon tax scheme, which provides for a limitation of carbon dioxide in the mainland airports, and calls for Europe to act "wisely" in view of the...
Dollar rises against euro on Greek debt worries
NEW YORK -; The dollar is rising against the euro as talks between Greek leaders and lenders for a new cost-cutting package drag on. Greece needs to agree on new austerity measures in order to...
Euro crisis could halve China's growth - IMF
An escalation of Europe's debt crisis could slash China's economic growth in half this year, the International Monetary Fund said today, urging Beijing to prepare stimulus measures in...
Eurozone crisis could have a major impact on Chinese economy: IMF
China's growth rate could be cut by almost half if the eurozone crisis deteriorates, the International Monetary Fund warned Monday. The IMF is currently forecasting growth of 8.2 percent for...
Football: 13 of 16 Euro 2012 teams pick Poland over Ukraine
) - An overwhelming 13 of the 16 teams qualified for Euro 2012 have opted for base-camps in Poland, tournament organisers said Monday, leaving fellow-host Ukraine virtually out in the cold. ...
Dutch central bank against financial transaction tax
(THE HAGUE) - The Dutch central bank said Monday it opposed plans for a financial transaction tax in the EU as it will cost banks, pension funds and insurers in the Netherlands billions of euros and...
Europe crisis could halve China's growth: IMF
) - An escalation of Europe's debt crisis could slash China's economic growth in half this year, the International Monetary Fund said Monday, urging Beijing to prepare stimulus measures in...
EU vows aid to 'non-violent' Palestinian government
(BRUSSELS) - The European Union will provide financial aid to a new Palestinian government as long as it is peaceful and accepts Israel's right to exist, an EU spokesman said Monday after a deal...
ECB bond purchases remain negligible
) - Data published by the European Central Bank on Monday revealed that the bank's purchases of the bonds of eurozone nations remained negligible last week amid signs of stabilisation on...
Greece starts building border fence with Turkey
) - Greece on Monday started building a fence on its border with Turkey to keep out thousands of illegal migrants and refugees seeking to cross into Europe, a minister said. "This is a project...
Greek coalition debt deal meeting 'very probably' Tuesday
) - Greek political leaders will "very probably" meet on Tuesday to decide whether to approve new austerity measures demanded by the country's public creditors for new loans, a...
Greek uncertainty undermines euro, dollar firm
The euro fell broadly on Monday on investor concern that Greek coalition parties had yet to sign off on the terms of a new bailout with a deadline imminent, keeping alive the risk of a messy default...
FOREX-Euro falls as Greece talks drag on, dollar firm
* Euro drops as time running out for Greek debt deal * Deadline for 2nd Greek bailout already past: EU Commission * Dollar hits 1-week high vs yen on rise in U.S. yields By Jessica Mortimer LONDON,...
Sterling gains on frail euro but lags firmer dollar
(Updates with Greek govt official comment, adds detail) * Pound rises versus euro which falls on Greek bailout uncertainty * Sterling slides versus dollar as risk sentiment declines * UK PMIs...
Euro Slips, Dollar Lifts on More Greek Drama
Down to the wire again in Greece, and the dollar looks like a refuge - it's time for your FX Fix. Worries that Greece might not agree to the terms of a new key bailout deal sent the euro lower....
European Regulator: No Plans to Challenge Banks' Plans
The European Banking Authority (EBA) said on Monday it was impressed with banks' willingness to take all the necessary measures to meet new capital requirements, refuting earlier press reports...
Britain Prepares for Worst as EU Strives to End Euro Crisis
Feb. 6 (Bloomberg) -- As a debt-crisis remedy eludes European leaders, Britain is readying its economic defenses amid warnings that a breakup of the euro would spell havoc for the U.K....
Cars, software, services threaten European Union-India trade deal
Hopes of India and the EU striking a free trade deal at a summit this week are fading fast, with differences over duties on cars and market access for software and service companies standing in the...
Stocks Fall, Euro Weakens Amid Greek Discussions; Copper Drops
Feb. 6 (Bloomberg) -- U.S. and European stocks fell, driving the Dow Jones Industrial Average down from an almost four-year high, and the euro declined the most in three weeks as Greek leaders...
Truffles, Oysters Lure Euro Powerbrokers: Brussels Dine & Deal
Feb. 6 (Bloomberg) -- Brussels is for foodies. Fine restaurants abound for all tastes and budgets, and new ones keep opening. After sampling the obligatory brews and butter creams, moules-frites and...
Euro Falls Versus Dollar, Yen on Concern Greek Agreement Elusive
Feb. 6 (Bloomberg) -- The euro slid the most in a week against the dollar and yen on concern Greece’s political leaders will fail to reach an agreement allowing the nation to receive a second...
Dollar pares gains versus euro
NEW YORK (MarketWatch) -- The dollar pared its gains against the euro in late morning U.S. trading Monday. All eyes are on Greek lawmakers, under pressure to pass a package of reforms in order to...
Eurozone crisis: Brussels gets tough as Greek resistance grows
As we wait for the outcome of talks in Athens, it is worth taking a minute to see how the various camps in the battle for euroland are shaping up. In the manner of a cinematic sweeping shot across a...
Curr€ncie$ Watch - American Session
Adam Rosen , CEO at 4xLounge CurrEURncie$ Watch: Daily short videos presented by forex experts who analyze the market at the opening of the trading...
European Union-India Free Trade Deal Hits Deadlock over Duties
European Union striking a free trade deal at a summit this week are fading fast, with differences over duties on cars and market access for software and service companies standing in the way of an...
TCS signs multi-million euro contract with European car rental company Europcar
"This partnership is part of the development of a strategic relationship with industry leading companies in France. It reiterates TCS' strategic commitment to the region and our ability to...
Bilić sets out agenda for UEFA EURO 2012
Croatia coach Slaven Bilic tells UEFA.com about his hopes for UEFA EURO 2012 and why it could be time for the side to revisit the heights of 1998, when they finished third at the FIFA World...
BJP asks government to rethink Eurozone pact
New Delhi, Feb 6 : The Bharatiya Janata Party (BJP) Monday urged the government not to go ahead with the proposed Bilateral Trade and Investment Agreement (BTIA) with the European Union (EU) and...
Gold down as Greek bailout talks weigh on euro, stocks
The gold price was down 0.5% at $1,717.90 an ounce in Europe on Monday, extending losses as concerns over the progress of talks on a Greek bailout weighed on the euro and...
Tweaking health cover can cut bills by €1,000
VHI Health Plus Extra plan (it used to be Plan B Options) is paying €1,461 a year. This is due to jump to €1,644 from March 1. But by opting for VHI's One Plus Plan, an adult can save...
Greek bankruptcy looms as EU gives new warning on debt
GREECE has been given a new warning by European leaders as the country hurtles towards a disorganised bankruptcy putting a question mark on its future in the eurozone.Speaking at a joint press...
Russian gas flows to EU returning to normal: commission
(BRUSSELS) - Gas flows from Russia have returned to normal levels in six European Union nations and are increasing in Italy, Germany and Romania after a cold snap caused a shortfall, the EU said...
EU, unions ramp up pressure on Greek premier
(ATHENS) - Embattled Greek Prime Minister Lucas Papademos on Monday faced growing pressure to adopt tough new austerity measures from EU leaders, a showdown with coalition partners and calls for a...
EU regulator 'impressed' with banks on recapitalisation
(LONDON) - The EU banking regulator said Monday that it was "impressed" with the willingness of European banks to meet new recapitalisation demands, ahead of a progress update due this...
EU 'not backing down' on airline emissions in Chinese row
) - The European Commission said Monday it will stand by a new law that imposes charges on airline carbon emissions after China banned its carriers from paying for such permits. "We are not...
Greece already 'past deadline' for debt deal: Commission
) - The European Commission warned Monday that Greece is already late in meeting Brussels demands for a political deal to re-shape its economy and slash its debts in exchange for a new bailout. ...
Greek uncertainty pushes down euro as deadline nears
The euro fell broadly on Monday on investor concern that Greek coalition parties had yet to sign off on the terms of a new bailout with a deadline imminent, keeping alive the risk of a messy default...
FTSE, DAX, CAC Seen Flat to Lower: Greece Weighs
European shares looked set to open flat to lower Monday morning as bailout talks between Greece and its international lenders continue. The FTSE 100 loading...? ? ? [.FTSE? Loading...? ? ? () ? ] was...
Cyber Attack Is Top Threat for Olympics: Expert
Terrorists combining a cyber attack with physical violence are the biggest security threat facing the 2012 Olympics, a digital forensics expert told...
France, Germany want account for Greek debt funds
PARIS – France and Germany called Monday for the creation of a special account to ensure that billions of euros in bailout money for Greece goes directly to paying down debt, just as Greek...
German industrial orders buoyed by global demand
BERLIN – The German government says strong demand from outside the eurozone helped the country's industrial orders rise a stronger-than-expected 1.7 percent in December. The Economy...
Conservatives take second powerful post in Finland
HELSINKI – Former finance minister Sauli Niinisto's resounding victory in Finland's presidential vote cements the position of the conservative party that languished for decades in the...
Greece Seeking Second Rescue Faces Battle to Stay in Euro
Feb. 3 (Bloomberg) -- Greece’s fight to win its second international bailout may only open a new chapter in its struggle to remain in the euro...