IMF chief named key witness in French payoff case
After two days of intense questioning from French magistrates, International Monetary Fund chief Christine Lagarde said Friday a court named her as ...
Slovenia adopts debt cap to stave off crisis
Slovenia's parliament on Friday imposed a cap on public spending in an attempt to convince foreign investors that the small eurozone country will not ...
ECB's Draghi: 'Imperative' to set up new bank body
European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted ...
IMF chief Lagarde in court in fraud probe
International Monetary Fund chief Christine Lagarde faced hours of questioning at a special Paris court Thursday over her role in the 400 million euro ...
Ousted premier seeks return to power in Cayman
A former Cayman Islands premier who faces 11 criminal charges and was ousted from leadership last year went into Wednesday's general elections with ...
IMF calls on Britain to do more for growth
The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up ...
German central bank: Economy to improve 'markedly'
Germany's central bank expects the country's economy to improve "markedly" in the second quarter — a development that could boost the wider eurozone ...
Pope leads pep rally at Vatican, meets with Merkel
Pope Francis lamented that investment losses by banks trigger more alarm in the economic crisis than the struggle of people to feed their families, ...
Cyprus drops limits on 8 more foreign banks
Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the ...
Fitch downgrades Slovenia amid banking concerns
Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system. It cut the ...
IMF says Cyprus at risk of even deeper recession
The IMF said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at ...
Top officials call to overhaul euro institutions
Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region ...
Cyprus may presell gas reserves to ease crisis
Cyprus may presell the country's offshore natural gas reserves to raise cash quickly and pull it out of its deep financial crisis, the country's ...
Merkel, Hollande at odds over Europe's way forward
Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of ...
RBS to cut another 1,400 retail bank jobs in UK
Royal Bank of Scotland says it is cutting 1,400 jobs from its retail banking operations over the next two years. The bank says the latest round of ...
IMF approves funds for Cyprus bailout
The IMF's executive board has approved a $1.3 billion loan for Cyprus as part of a larger bailout package meant to avert a debt default. The IMF, one ...
Allianz: Low rates to keep earnings under pressure
Low losses from natural disasters and higher prices in the key markets of Germany, Turkey and Latin America lifted profits at German insurance company ...
Asia stocks up as US small business mood improves
Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday. The National ...
Slovenia government, unions agree on wage cuts
Slovenia's government and trade unions on Tuesday reached a tentative agreement to cut public sector wages by up to 4.8 percent as part of budget ...
Visa to lower some card fees in EU antitrust probe
The European Union says Visa has agreed to reduce some credit card payment fees significantly to address concerns raised by the bloc's antitrust ...
Euro ministers urge troubled Slovenia to act
European finance ministers on Monday urged Slovenia to move swiftly in addressing the problems in its banking sector and get its public finances under ...
Europe at odds over next steps to banking union
European leaders are increasingly at odds over how to create a full-fledged banking union, the bloc's key project to stabilize its financial system ...
Spain, Portugal demand quick action on bank union
The leaders of Spain and Portugal on Monday demanded that the 17-nation eurozone speed up efforts to create a banking union and complained that credit ...
Yen in focus as G-7 discusses nurturing recovery
Financial leaders from the world's top seven developed economies are gathering in the U.K. to discuss how to shore up the global recovery just as the ...
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