Opposition party appears to win Bulgaria's vote (AP) EU Economy News - Yahoo! News - Sun, 05 Jul 2009 19:42:49 GMT Elderly Bulgarian woman leaves a polling booth at a polling station during the parliamentary elections in the Bulgarian capital Sofia, Sunday, July, 5, 2009. Bulgarians went to the polls Sunday in a parliamentary election expected to oust Bulgaria's Socialist-led coalition and elevate the center-right party of Sofia's popular mayor to power. Latest opinion polls have suggested Prime Minister Sergei Stanishev will pay the price for the failure of his corruption-tainted government to handle an economy hit hard by the global downturn. (AP Photo/Petar Petrov)

Vatican runs deficit amid economic crisis (AP) EU Economy News - Yahoo! News - Sat, 04 Jul 2009 16:32:28 GMT AP - The Vatican said Saturday it ran a deficit in 2008 as its finances and donations from across the world were hit by the global economic crisis.

Pope urges G8 leaders to act on crisis (AP) EU Economy News - Yahoo! News - Sat, 04 Jul 2009 14:34:52 GMT AP - Pope Benedict XVI has urged G-8 leaders meeting in Italy next week to rewrite global financial rules and defend the world's poor from the effects of the economic downturn, the Vatican said Saturday.

(AP) EU Economy News - Yahoo! News - Sat, 04 Jul 2009 12:24:09 GMT AP - Pope urges G-8 leaders to rewrite financial rules, defend world's poor from economic crisis.

European stocks calm as US readies for 4th of July (AP) EU Economy News - Yahoo! News - Fri, 03 Jul 2009 16:34:43 GMT Floor traders work at the Hong Kong Stock Exchange Friday, July 3, 2009 in Hong Kong. Asian stocks retreated Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower. Oil prices weakened further, while the dollar was little changed against the yen. (AP Photo/Kin Cheung)

FTSE extends losses, falls 0.25% (AFP) EU Economy News - Yahoo! News - Fri, 03 Jul 2009 12:19:52 GMT The FTSE 100 weakened further on Friday after sliding a day earlier on news of greater-than-expected job losses in the United States.(AFP/File/Ben Stansall)

Global stocks dip as investors cautious on recovery (Reuters) EU Economy News - Yahoo! News - Fri, 03 Jul 2009 11:22:41 GMT A Wall Street sign outside the New York Stock Exchange. US President Barack Obama urged Americans, who celebrate Independence Day, to implement broad economic and social reforms, expressing confidence the country will be able to overcome the challenges it is facing.(AFP/File/Stan Honda)

Analysis: Russia plays checkbook diplomacy (AP) EU Economy News - Yahoo! News - Fri, 03 Jul 2009 10:49:37 GMT Russia's President Dmitry Medvedev seen during his visit to the Sevmash factory in the northern city of Arkhangelsk on Thursday, July 2, 2009. Medvedev on Thursday criticized the holdup in refurbishing a Soviet-era aircraft carrier that was bought by India five years ago. (AP Photo/Alexander Zemlianichenko, Pool)

European stocks extend losses (AFP) EU Economy News - Yahoo! News - Fri, 03 Jul 2009 10:49:25 GMT Europe's main stock markets weakened further after sliding a day earlier on news of greater-than-expected job losses in the United States.(AFP/File/Jean Ayissi)

Clearing key to making derivatives safer: EU (Reuters) EU Economy News - Yahoo! News - Fri, 03 Jul 2009 10:22:55 GMT Reuters - Derivatives pose risks on financial markets that central clearing of contracts would mitigate, the European Commission said on Friday, outlining plans that fall short of more radical U.S. steps.