Inside these posts: European Union

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Caterpillar responds to EU review of MWM deal

From Bloomberg News | Peoria-based Caterpillar Inc., the world’s largest maker of construction and mining equipment, offered remedies to European Union regulators examining its plan to buy MWM Holding GmbH.

Google, EU in antitrust settlement talks

Google and European Union regulators are in tentative talks to resolve an antitrust probe against the Internet’s dominant search engine, a source familiar with the case said Monday.

A deal could avert a lengthy battle and possible fine for the U.S.-based company. Get the full story »

Airbus, Boeing clash ahead of WTO verdict

irbus and Boeing traded blows on Tuesday ahead of a final World Trade Organization ruling on claims Boeing received subsidies, in a tit-for-tat case brought by the European Union over similar U.S. claims against Airbus. Get the full story »

Greece wants to stretch out debt repayment

Stretching out the repayment of Greece’s outstanding debt, beyond its EU/IMF bailout loans, could help the overborrowed country emerge from its debt crisis, its deputy prime minister said Monday.

“I do not believe in haircuts but in extending the repayment period on debt,” Deputy Prime Minister Theodore Pangalos told Skai TV’s New Files show.

“Debt repayment extension may refer not only to the 110 billion euros (of emergency EU/IMF funding) but the entire debt,” he said.

Germany signs on to EU capitalization plan

European Union paymaster Germany said on Tuesday that  it would support giving the European Central Bank more capital to help fight a sovereign debt crisis that continues to shake the euro zone.

ECB sources told Reuters the bank’s governing council would consider at a meeting on Wednesday and Thursday whether to seek a capital increase from euro zone members to cover the risk of losses on government bonds it has bought to support the 16-nation single currency area. Get the full story »

EU launches formal Google probe after complaints

European Union antitrust regulators launched a formal investigation on Tuesday into Google after several search service providers complained that the company had abused its dominant position. Get the full story »

Ireland bailout not a done deal, EU says

A bailout package for Ireland is still under discussion and it isn’t clear whether it will be OKd Sunday, a spokesman for the European Commission said Friday.

“It’s not decided … We are not there yet … We’re making good progress,” Amadeu Altafaj Tardio, spokesman for Economic and Monetary Affairs, told journalists.

An EU source told Dow Jones Newswires earlier Friday that European Union finance ministers will hold a teleconference Sunday to discuss the economic situation in Europe. The call is likely to involve finance ministers from all 27 EU member states, the person said.

Central bank expects Ireland to take EU-IMF loan

Ireland’s central bank chief said on Thursday he expected Dublin to receive tens of billions of euros in loans from European partners and the IMF to shore up its shattered banks though the government said it had made no request yet. Get the full story »

EU forges first Asian trade pact with S. Korea

The European Union and South Korea signed a free-trade deal Wednesday that could double trade between them and trigger more calls among Asian states for such pacts with the 27-nation bloc.

The accord, Europe’s first with an Asian nation, is set to take effect July 1 once ratified by the European Parliament. Get the full story »

EU envoy nudges China on yuan

A faster appreciation of the Chinese yuan by Beijing would be “appropriate,” the head of the European Union delegation to the U.S. said Friday.

EU Ambassador Joao Vale de Almeida said there is greater potential for collaboration between the U.S. and Europe, particularly in Group of 20 nation negotiations, to press more rapid reform of China’s currency to a market-based rate.

Chicago headquarters cited in Boeing WTO loss

Boeing Co. received billions of dollars in illegal government subsidies, including $25 million in incentives that Illinois provided the plane maker to relocate its world headquarters to Chicago in 2001, a panel of the World Trade Organization determined.

The WTO report is confidential and was released to U.S. and European trade officials Wednesday. It is the first ruling in the second of dueling trade cases filed by the U.S. and European Union against each other last decade alleging that aircraft manufacturers had received unfair government support. Get the full story »

EU pushes back deadline on sale of Sara Lee unit

European Union competition regulators have set a new deadline of Oct. 22 to decide whether to clear Unilever’s $1.3 billion purchase of Sara Lee Corp.’s body care business, the European Commission said on Friday. Get the full story »

EU chief calls for 70 as retirement age

The European Union’s executive says Europeans should not retire before 70 to save cash-strapped state pension funds.

In a paper to be published Wednesday, the European Commission says four workers’ contributions to state pensions help support two retirees. Get the full story »