New EU rules had been set to be implemented in 2018 left investors uncertain of their next move. The European Commission had set a new framework for bank bailouts in July as taxpayers expressed outrage over using tax money to fund lenders in financial trouble.

The European Union had switched the burden to aid troubled banks from taxpayers to shareholders, big depositors and bondholders, said a Reuters report.

Greece international lenders had temporarily halted their latest bailout fund to Greece, according to a Reuters report.

The European Securities and Markets Authority had sought for the imposition of a levy for non EU clearing house operators.

France and the European Union are conducting inquiries as to the tactics employed by Apple that would violate antitrust regulations.

Mykola Azarov, the Ukranian PM, assured Russia that the EU agreements are no threat to Russia. The prime minister of the Ukraine reached out to Russia to allay fears as to Kiev's plans of signing a free trade agreement with the European Union.

The European Union and Singapore concluded a free trade agreement that would make doing business easier and more transparent for both countries.

After completion of the Cyprus review, IMF released another USD113 million for the bailout of the country.

With Portugal being the poorest Western European nation and having record numbers for unemployment, the lowering of allotments for food aid would affect a great many Portuguese.

Germany, in order to avoid a protracted legal process, is leading the way to find a compromise in the creation of the EU banking union.