en-us Reuters UK) - Finnish liberal Olli Rehn will oversee efforts to revive Europe's economy and France's Michel Barnier will have an important role reforming financial services in the new European Commission unveiled on Friday.Jose Manuel Barroso, president of the European Union's executive, announced a...]]> Sat, 28 Nov 2009 02:15:19 -0800 Fri, 27 Nov 2009 06:58:50 -0800 ORCL JAVA ORCL,JAVA Reuters UK) - European Commission President Jose Manuel Barroso named Finland's Olli Rehn on Friday as the European Union's economic and monetary affairs chief, a role in which he will oversee efforts to revive Europe's economy.He takes over from Spaniard Joaquin Almunia, who will become competition commissioner in the...]]> Fri, 27 Nov 2009 03:45:44 -0800 Reuters UK) - Former French foreign minister Michel Barnier will take charge of the European Union's internal market and have responsibility for financial services, European Commission sources said on Friday.They said Jose Manuel Barroso, president of the executive European Commission, would name Barnier as part of the 27-person leadership...]]> Fri, 27 Nov 2009 03:18:08 -0800 Reuters UK) - Lender Royal Bank of Scotland said it had fine-tuned a deal to win European Union approval for state aid it has received, as it called for investors to vote on its restructuring plan next month.RBS, majority state-owned after receiving a government bailout last year, said the...]]> Fri, 27 Nov 2009 01:45:44 -0800 Reuters UK) - Private equity fund Global Infrastructure Partners, controlled by Credit Suisse CSGN and General Electric Co GE, won permission from the European Commission on Thursday to buy London's Gatwick Airport.Spain's Grupo Ferrovial FER, under pressure to reduce its dominance in UK airports, had agreed to sell Gatwick...]]> Thu, 26 Nov 2009 08:45:27 -0800 GE GE Tue, 24 Nov 2009 11:49:56 -0800 Reuters UK) - A major draft EU law on market infrastructure will be tabled next July to make share and derivatives trading less risky for investors and the broader financial system from late 2012, industry sources said on Monday.The European Market Infrastructures Directive will focus on reducing...]]> Mon, 23 Nov 2009 05:03:02 -0800 Mon, 23 Nov 2009 04:19:59 -0800 GOOG VG GOOG,VG Reuters UK) - Top parliamentarian Jean-Paul Gauzes has written to members of an influential European Union committee recommending strict rules for hedge funds that clamp down on pay and borrowing, according to his report.The EU is scrutinising a raft of regulations for the funds...]]> Sat, 21 Nov 2009 16:30:28 -0800 Reuters UK) - Top parliamentarian Jean-Paul Gauzes has written to members of an influential European Union committee recommending strict rules for hedge funds that clamp down on pay and borrowing, according to his report.The EU is scrutinising a raft of regulations for the funds...]]> Sat, 21 Nov 2009 07:15:25 -0800 Fri, 20 Nov 2009 10:53:19 -0800 ORCL JAVA ORCL,JAVA Reuters UK) -ECB President Jean-Claude Trichet said on Thursday the central bank would proceed with a gradual withdrawal of unconventional policies and a top EU official said it was not time to put exit strategies in place.European Union Economic and Monetary Affairs Commissioner Joaquin Almunia said it would be...]]> Thu, 19 Nov 2009 14:46:29 -0800 Reuters UK) - Plans by three major European banks to sell chunks of their operations in return for state aid were approved by EU authorities on Wednesday, marking the latest regulatory-enforced financial break-ups.In reviewing a raft of bank bailouts across the 27 European Union member states, the European Commission...]]> Wed, 18 Nov 2009 05:00:52 -0800 Reuters) - The European Ombudsman rebuked European Union regulators on Wednesday for procedural errors in their antitrust probe of Intel but the censure will not affect a 1.06 billion euro ($1.58 billion) fine against the U.S. chipmaker.The European Commission levied the record fine in May for illegally shutting out...]]> Wed, 18 Nov 2009 03:45:35 -0800 INTC INTC Reuters UK) - Plans by lender Lloyds Banking Group LLOY to sell parts of its operations in return for billions of pounds in state aid were approved by European Union competition authorities on Wednesday.Lloyds, 43 percent owned by the government, will sell 600 branches as part the restructuring and...]]> Wed, 18 Nov 2009 03:00:20 -0800 Reuters UK) - An end to the world's longest-running trade dispute, involving bananas, is in sight and could lead to lower prices for shoppers, according to a draft settlement seen by the Financial Times.A proposed deal with European and Latin American trade officials calls for the European Union to...]]> Tue, 17 Nov 2009 17:00:23 -0800 Reuters UK) - Plans by British lender Lloyds Banking Group Plc LLOY to sell parts of its operations in return for billions of pounds in state aid are to be cleared by EU regulators on Wednesday, a person familiar with the situation said.The European Commission is...]]> Tue, 17 Nov 2009 11:00:37 -0800 Reuters UK) - A sweeping European Union reform of financial supervision could turn into a muddle which Britain should veto unless there are tougher national safeguards, a parliamentary report said on Monday.A draft EU law proposes to set up a new European Systemic Risk Board ESRB next...]]> Sun, 15 Nov 2009 16:15:13 -0800 Reuters UK) - The European Union is considering giving Ireland a one-year extension until 2014 to reduce its budget deficit to the EU's limit of 3 percent of gross domestic product, EU and Irish officials said on Tuesday.Ireland, which expects to have one of Europe's biggest deficits this year...]]> Tue, 10 Nov 2009 14:01:45 -0800