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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 ...
Bulgarian center-right wins most of the votes
The center-right party of former Prime Minister Boiko Borisov has fallen far short of winning a majority needed to form a government, according to ...
Liechtenstein ready to relax banking secrecy
Liechtenstein's prime minister says the principality is prepared to discuss an automatic exchange of bank client information with the European Union.
Exit polls: No clear winner in Bulgarian vote
Bulgaria's center-right party and its main challenger, the Socialists, finished first and second in Sunday's parliamentary election, with neither one ...
Bulgarians to elect new parliament amid scandals
Bulgarians voted Sunday in parliamentary elections with no party expected to win a majority to form a government, fueling fears of more political and ...
G7 says Japan playing by currency rules
Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a ...
World grapples with rise in cyber crime
International law enforcement agencies say the recent $45 million dollar ATM heist is just one of many scams they're fighting in an unprecedented wave ...
Icy Arctic rising as economic, security hot spot
The icy Arctic is emerging as a global economic hot spot — and one that is becoming a security concern for the U.S. as world powers jockey to tap its ...
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 ...
Shattered EU dreams at heart of Bulgarian election
The big theme of Bulgaria's parliamentary elections this weekend: mounting frustration over the widening gap between the giddy hopes linked to EU ...
Slovenia announces anti-bailout measures
Slovenia's government announced Thursday an austerity plan designed to raise 540 million euros ($707 million) in new taxes as part of an effort to ...
Greece: Economic recovery in sight
Greece's recession-wracked economy should start recovering next year and its sky-high unemployment rate should edge lower from the end of 2014, the ...
Bangladesh garment disaster death toll nears 900
The death toll from the collapse of a building housing five garment factories has climbed to nearly 900, officials said Thursday, as authorities ...
Poland's shale gas hopes suffer blow
News that Talisman Energy Inc. and Marathon Oil are pulling out of exploration for shale gas in Poland is a blow to the country's hopes that its ...
Germany plans tighter control of managers' pay
The German government plans to give company shareholders a greater say in setting managers' pay — a proposal aimed at curbing perceived corporate ...
Spain refuses to hand over ex-HSBC worker
Spain's National Court on Wednesday ruled against extraditing a former HSBC employee to Switzerland, where he faces charges of stealing and revealing ...
UN: Global youth unemployment rate is rising
Youth unemployment is likely to rise globally to 12.8 percent by 2018, wiping out gains made in the recent economic recovery, the U.N.'s labor office ...
German Cabinet approves ECB bank supervision
German Chancellor Angela Merkel's Cabinet has approved plans to hand the European Central Bank the power to oversee the continent's lenders, the main ...
Int'l donors pledge $300 million-plus for Somalia
International donors heeded warnings about the need for increased support for Somalia by pledging more than $300 million Tuesday toward bolstering ...
IMF's Lagarde criticizes US spending cuts
International Monetary Fund head Christine Lagarde criticized the U.S. government's budget policies as too tight on Tuesday, in an appearance in ...
Lower bad loans give HSBC a big Q1 profit boost
HSBC PLC, Europe's biggest bank by market value, saw its profits more than double in the first quarter as it booked fewer bad loans than in the same ...
French finance chief hails easing off austerity
French Finance Minister Pierre Moscovici on Tuesday hailed the European Union's decision to grant his country more time to tackle its deficit as a ...