Wall Street opens up with Europe (Reuters)

Traders work on the floor of the New York Stock Exchange, September 7, 2010. Wall Street fell on Tuesday after reports on the European banking system reignited concerns about the financial stability of the region. REUTERS/Brendan McDermidReuters - Stocks rose at the open on Wednesday, tracking European stocks up and ahead of Federal Reserve comments on the state of the economy.
German exports slightly lower on month in July (AP)

German Finance Minister Wolfgang Schaeuble speaks with the media after a meeting of EU finance ministers at the EU Council building in Brussels on Tuesday, Sept. 7, 2010. European finance ministers met Tuesday to discuss taxes on banks. (AP Photo/Virginia Mayo)AP - German exports dipped by 1.5 percent in July compared with the previous month but were still up a strong 18.7 percent over the same month last year, official data showed Wednesday.
Swisscom to delist troubled Italian unit Fastweb (AP)
AP - Swisscom AG announced Wednesday it will buy all outstanding shares in its Italian telecoms unit Fastweb SpA, which has been rocked by a money-laundering probe, for a total of euro256 million ($326 million).
Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)
Time.com - A trio of financial sheriffs will oversee finance in the entire European market
EU official calls for regular bank 'stress tests' (AFP)

The European Union's financial services chief, Michel Barnier, called on Wednesday for so-called AFP - The European Union's financial services chief called on Wednesday for so-called "stress tests" on banks to be carried out on a regular basis, to judge their resilience in the event of another crisis.
FTSE 100 closes lower (AFP)

London shares declined on Tuesday with weaknesses in the US market taking effect as Wall Street traders returned from a long holiday weekend.(AFP/File/Carl de Souza)AFP - London shares declined on Tuesday with weaknesses in the US market taking effect as Wall Street traders returned from a long holiday weekend.
EU OKs new financial supervision deal (AP)

From left, European Central Bank President Jean Claude Trichet, Belgian Finance Minister Didier Reynders, and Spanish Finance Minister Elena Salgado speak during a meeting of EU finance ministers at the EU Council building in Brussels on Tuesday, Sept. 7, 2010. European finance ministers meet Tuesday to discuss taxes on banks. (AP Photo/Virginia Mayo)AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.
EU moves on bank taxes skid into trouble (AFP)

Taxation commissioner Algirdas Semeta pictured during an interview in Shanghai on September 2. Much-vaunted EU plans to tax banks skidded into trouble after moves to clamp down on big-spending governments also hit buffers despite broad agreement on Tuesday to regulate the financial sector.(AFP/File/Philippe Lopez)AFP - Much-vaunted EU plans to tax banks skidded into trouble after moves to clamp down on big-spending governments also hit buffers despite broad agreement on Tuesday to regulate the financial sector.
World stocks fall amid renewed Europe bank worries (AP)

People stroll by an electronic stock indicator in Tokyo, Monday, Sept. 6, 2010. Japan's benchmark Nikkei 225 stock index climbed 2 percent, or 179.95 points, to 9,294.61. (AP Photo/Shizuo Kambayashi)AP - World stocks fell Tuesday, particularly in Europe, where concerns about the health of banks resurfaced and EU finance ministers created new financial oversight bodies but failed to agree on a bank or trading tax.
EU sets up new watchdogs as bank tax row simmers (Reuters)

European Central Bank President Jean-Claude Trichet (L) talks with Belgium's Finance Minister Didier Reynders (C) and Spain's Finance Minister Elena Salgado at the start of a EU finance ministers meeting in Brussels September 7, 2010. REUTERS/Thierry RogeReuters - European Union finance ministers agreed on Tuesday to a sweeping overhaul of how the bloc's financial industry is policed, but remained locked in dispute over the taxation of banking and trading.
Norway man pleads not guilty to terror financing (AP)

Defending lawyer Frode Sulland, front right, and prosecutor Jan Glent, front left, in court in Oslo Tuesday Sept. 7, 2010, prior to the start of the trial of Osman Abdirahman Abdi (not in picture). The Somali-born Norwegian citizen pleaded not guilty Tuesday to charges of sending over $30,000 (23,280 euro) to top leaders of an al-Qaida-linked Somali militant group, al-Shabaab, at the start of the first trial under Norway's 2002 terror financing law. (AP Photo/Scanpix, Berit Roald) ** NORWAY OUT **AP - A Somali-born Norwegian citizen pleaded not guilty Tuesday to charges of sending over $30,000 to top leaders of an al-Qaida-linked Somali militant group at the start of the first trial under Norway's 2002 terror financing law.
EU takes stand to boost growth, financial supervision (AFP)

European Commission President Jose Manuel Barroso delivers his first State of the Union report to the European Parliament in Strasbourg, eastern France, on September 7. The European Union laid out ambitious goals on Tuesday to strengthen its economy as the Commission proposed a joint EU-wide bond and ministers approved tighter financial supervision.(AFP/Frederick Florin)AFP - The European Union laid out ambitious goals on Tuesday to strengthen its economy as the European Commission proposed a joint EU-wide bond and ministers approved tighter financial supervision.
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