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Picture shows Milan’s stock exchange with a sculpture by Italian artist Maurizio Cattelan in front. The European Commission warned Italy’s high borrowing costs could hit growth after bond yields surged to new records and France and Germany warned a blow-out on Italian debt could kill the euro. “If the bond...

Tags: Rdquo Rehn, Rehn Said Italy, The Euro, The European

General view of the European parliament in Strasbourg, eastern France. The European Union moved closer on Thursday to toughening budget rules to punish overspenders after the EU Parliament and governments reached a compromise to prevent future debt crises. Governments that run excessive public deficits could face financial...

Tags: The European, The European Parliament

EU commissioner for Economic and Monetary Affairs Olli Rehn has said eurozone economy was set to come to a “virtual standstill” in the second half of the year, but he assured that Europe would avoid another recession. The eurozone’s runaway debt crisis is dragging down growth, the EU warned on Thursday as finance...

Tags: Of The Year, The Eu, The European, The European Commission, The Year

The European Delegation said it will support Vietnam's poverty reduction efforts. The European Delegation to Vietnam has announced a total of 29 million euros (US$41 million) in grants to support poverty reduction efforts in Vietnam. Of this grant, 17 million euros will be used as the final installment of the European...

Tags: Million Euros, Poverty Reduction, The Eu, The European, The Government

Sumitomo keen to invest in US$3.8 billion thermal electric power plant; A Vuong hydroelectric power plant inaugurated; European Trade Information Centre debuts; Vietnam to open trade promotion centre in Phnom Penh Sumitomo keen to invest in US$3.8 billion thermal electric power plant Since 2006, Japanese Sumitomo Group has asked to invest...

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Vietnam – magnet for top wholesalers, retailers; Local steelmakers feel pressure from falling price; Honda to raise motorbike output capacity in Vietnam to 2 mln Vietnam – magnet for top wholesalers, retailers< />   Vietnam has become a magnet for the world’s leading wholesalers and retailers, with some already present...

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Rice exports in June to reach 700,000 tonnes; Vietnam to raise profile as maritime nation; Bicycle makers hope for end of anti-dumping duty Rice exports in June to reach 700,000 tonnes< />   The Vietnam Food Association (VFA) expects to export 700,000 tonnes of rice in June, raising rice exports for the first six months of...

Tags: Anti Dumping, Anti Dumping Duty, Black Dwarf Stunted, Black Dwarf Stunted Disease, Dumping Duty, Dwarf Stunted Disease, Maritime Nation, Sea And Islands, Summer Autumn Crop, The Country, The Ec, The European, The Winter Spring, This Year, To Cope With, Winter Spring