Markets

Greeks earning ?42,000 to be taxed at top rate
Greeks earning more than €42,000 ($55,000) per year will now be taxed at a new top rate of 42 percent, under a major new tax reform bill submitted to ...
Europe takes step toward more stable banks
The European Union has taken its big first step toward keeping busted banks from costing taxpayers billions and dragging down government finances.
Market enthusiasm over Fed stimulus fades
Upbeat U.S. economic figures failed to restore strength to stock markets Thursday as investors monitored the progress of budget discussions in the U.S
Glance: A look at the EU's key decisions in 2012
In a whirlwind of decision-making, ministers from the European Union's 27 countries agreed Thursday on the foundation of a fully-fledged banking union ...
A look at integration ideas EU leaders are mulling
European Union leaders, seeking to avoid a repeat of the crisis that has dogged the 27-country bloc for the past three years, are debating plans for ...
Oil slips on US talks impasse, weak demand outlook
The price of oil fell to near $86 a barrel on Thursday after critical budget negotiations in Washington reached an apparent impasse. By early ...
German government fails to salvage Swiss tax deal
The German government has failed in an attempt to salvage a deal that was meant to end a long-running dispute with Switzerland over German tax cheats ...
Polish parliament passes 2013 budget
Poland's lower house of parliament has approved a 2013 budget that foresees a slightly lower deficit than that expected for this year. The government ...
Scarponi banned 3 months for seeing Dr. Ferrari
Former Giro d'Italia winner Michele Scarponi has been banned for three months by the Italian Olympic Committee for seeing banned physician Michele ...
Greece to buy back 31.9 billion euros of bonds
Greece will buy back €31.9 billion ($41.5 billion) of its bonds from private investors at a third of their nominal price, the debt agency said ...
Barclays appoints ex-regulator as compliance head
Barclays has appointed the former chief of Britain's financial regulator to the new role of head of compliance at the scandal-hit U.K. bank. The move, ...
German opposition: have banks finance rescue fund
Germany's main opposition parties are proposing that banks should pay at least €200 billion ($260 billion) into a new European rescue fund rather than ...
Bank aid money arrives in Spain
The Spanish government said Wednesday that the €39.5 billion ($51.3 billion) in bailout funds approved by European authorities for the country's ...
Asia stocks gain, unfazed by NKorea rocket launch
Asian stock markets rose Wednesday as a German business confidence survey alleviated concerns that Europe's largest economy might fall into recession.
US defends $1.9B deal with British banking giant
American authorities on Tuesday cited "astonishing" dysfunction at the British bank HSBC and said that it had helped Mexican drug traffickers, Iran, ...
HSBC to pay $1.9B to settle money-laundering case
British bank HSBC has agreed to pay $1.9 billion to settle a New York based-probe in connection with the laundering of money from narcotics ...
Oil edges up as Germany seen dodging recession
The price of oil edged up to around $86 a barrel on Tuesday as markets got a boost from a survey indicating that German investors believe Europe's ...
March 9 elections in Malta
Malta's Prime Minister Lawrence Gonzi, whose government was defeated on a budget vote, says a national election will be held in March. Gonzi said ...
US, EU considering world's biggest free trade pact
After years of battling each other on trade issues, U.S. and European officials are contemplating a dramatic change in direction: joining together in ...
Asia stocks wane as US budget talks drag on
Asian stock markets lost some of their bottle Tuesday as efforts by U.S. leaders to reach a budget deal before the year's end appeared deadlocked and ...
Greece extends bond buyback deadline for a day
In an attempt to generate stronger participation in its key government bond buyback program, Greece on Monday extended the deadline for banks, funds ...
Italy's PM says he intends to quit over crisis
Premier Mario Monti told the Italian president Saturday he is resigning soon, saying he can no longer govern after Silvio Berlusconi's party withdrew ...
Belarus decrees forced employment for some jobs
The authoritarian president of Belarus signed a decree Friday banning some industrial workers in the ex-Soviet nation from leaving their jobs, ...