Euro tanks to 21-month low against US dollar

Last Updated: Wednesday, May 23, 2012, 15:32

The euro slumped to USD 1.2615, dropping below the 2012 low of USD 1.2624 set in January, its lowest since August 2010.

EU summit all set to begin over common euro bonds

Last Updated: Wednesday, May 23, 2012, 11:40

European leaders are all set to meet at the EU summit on Wednesday to discuss issues of a debt-stricken Euro zone and whether they can help assuage the debt that has governed for two years.

European states sign new fiscal treaty

Last Updated: Saturday, March 3, 2012, 11:03

The leaders of 25 European countries on Friday signed a new treaty designed to limit government overspending, but their good intentions were immediately put to the test when Spain said it would miss deficit targets this year.

Britain, 11 others, urge new growth agenda at EU summit

Last Updated: Monday, February 20, 2012, 21:55

British Prime Minister David Cameron, along with 11 leaders including those from Italy, Spain, the Netherlands and Poland, launched a push Monday for a revamped EU growth agenda come a March 1-2 summit.

India, EU to resolve differences over move to tax air travel

Last Updated: Friday, February 10, 2012, 22:53

India and the European Union on Friday stuck to their respective stands on EU's move to tax air travel by including aviation in their Emissions Trading System (ETS), but decided to resolve the differences urgently.

India-EU to clinch FTA soon

Last Updated: Friday, February 10, 2012, 21:38

India and the European Union (EU) on Friday decided to work together to improve energy security and collaborate in research and innovation and hoped to clinch soon the free trade pact whose contours were emerging.

Free trade pact will figure in India-Eu Summit Friday

Last Updated: Thursday, February 9, 2012, 19:43

The proposed free trade pact, which has been hanging fire for quite some time, will figure prominently in the India-EU Summit here Friday when the two sides discuss ways to boost relations in commerce and other spheres.

Germany looks confident of becoming EU's economic superpower

Last Updated: Thursday, February 9, 2012, 00:36

Germany looks increasingly confident in the role of economic superpower.

Strike chaos hits Belgium ahead of EU summit

Last Updated: Monday, January 30, 2012, 17:54

Belgium shuddered to a halt on Monday, just hours before an EU summit, with transport and other public services on strike in protest at EU-ordered austerity measures.

EU leaders struggle to reconcile austerity, growth

Last Updated: Monday, January 30, 2012, 17:49

European leaders will struggle to reconcile austerity with growth on Monday at a summit due to approve a permanent rescue fund for the euro zone and put finishing touches to a German-driven pact for stricter budget discipline.

Merkel deflects pressure to boost euro bailout funds

Last Updated: Sunday, January 29, 2012, 23:48

Chancellor Angela Merkel tried to deflect growing international pressure on Germany to agree an increase in the euro zone's bailout funds Sunday by saying talks were still continuing.