Wall Street gains on data, rising oil prices
NEW YORK - Stocks rose on Wednesday as stronger-than-expected economic data helped lift energy stocks, overshadowing concerns a European Union summit will not yield tangible progress in easing the debt crisis. | Video
EU, U.S., Japan seek WTO steps on China rare earths
BRUSSELS - The European Union, the United States and Japan on Wednesday requested a dispute settlement panel at the World Trade Organization (WTO) after failing to resolve a battle over China's export restrictions on rare earth minerals.
Cyprus EU bailout bid accepted, IMF involved
NICOSIA - Cyprus won support from its euro zone partners on Wednesday for emergency funding to prop up its banks, crippled by their Greek debt holdings, in assistance which will probably include aid from the IMF.
Greek president to fly economy class to Brussels
ATHENS - The president of debt-laden Greece will travel economy class to a European Union summit this week, his office said on Wednesday.
Court finds Glencore grain unit bribed EU official
BRUSSELS - A Belgian court convicted a subsidiary of commodities trader Glencore and others on Wednesday of bribing a European Union official in return for market-sensitive information.
ECB lays ground for rate cut, impact could be minor
BERLIN/FRANKFURT - There is nothing to stop the European Central Bank cutting interest rates further, a senior policymaker said on Wednesday, adding to expectations it could act as soon as next week to counter dimming growth prospects and help tackle the euro zone crisis.
ECB's Asmussen: mission to Spain starts this evening
BERLIN - The European Union and European Central Bank's mission to Spain, with support from the International Monetary Fund, will start work this evening in Madrid, ECB Executive Board member Joerg Asmussen told Reuters on Wednesday.
Turkey sees France's Hollande lifting EU veto
ISTANBUL - Turkey expects France to unblock talks that are essential if it is ever to join the European Union, now that Socialist President Francois Hollande has replaced Nicolas Sarkozy who was outspoken in opposing the Muslim country's bid to join the bloc.
Euro group details aid plans for Spain and Cyprus
BRUSSELS - Euro zone finance ministers welcomed Spain's request for assistance from the euro zone's rescue funds on Wednesday and said it was likely to require between 51-62 billion euros as well as an additional "safety margin".
EU leaders need to look at short-term rescue steps: EU's Rehn
BRUSSELS - European leaders must work on short-term measures to help resolve the region's sovereign debt crisis and relieve market pressure on at-risk countries, the European commissioner for economic and monetary affairs said on Wednesday.
Euro Zone Video
ANALYSIS OF THE EURO ZONE CRISIS
Firemen, architects race to save euro
PARIS - Architects and firemen are racing to save the euro zone from destruction, trying to redesign the edifice even as flames are leaping from the outhouses towards the core of the building. Full Article | Video
What if Greece leaves the euro zone?
The repeat election on June 17 is critical to the country’s future in the euro zone and to financial markets worldwide. Full Article | Related Story
BRUSSELS AND THE DEBT CRISIS
Europe treads a thin line on Greece
Europe's leaders are trying to keep a delicate balance between engaging in Greece's political process and standing back to let it run its course. Full Article
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