Mar 16, 2013 01:05 EDT
Eurozone leaders and the IMF on Saturday announced an unprecedented levy on all deposits in Cypriot banks as the sting in the tail of a 10-billion-euro bailout for the near-bankrupt government in Nicosia.
Mar 15, 2013 23:21 EDT
Eurozone finance ministers and the International Monetary Fund struck a deal early Saturday to bail out Cyprus with aid of up to 10 billion euros, diplomats said after some 10 hours of talks.
Mar 15, 2013 18:14 EDT
Eurozone finance ministers thrashed out a bailout for Cyprus late on Friday, edging towards a new and reduced framework for a fifth member state in the three-year debt crisis.
Mar 15, 2013 13:48 EDT
Sri Lanka's economic growth slowed to 6.4 percent in 2012 from a scorching 8.2 percent the previous year, data showed Friday, hit by declining exports and weaker farm output.
Mar 15, 2013 13:35 EDT
Europe's main stock markets fell on Friday in downbeat pre-weekend trading before the outcome of a major eurozone ministers meeting aiming to agree a bailout for the Cyprus government, dealers said.
Mar 15, 2013 13:22 EDT
London shares closed in the red on Friday in downbeat pre-weekend deals before the outcome of a major eurozone ministers meeting that seeks to agree a bailout for the Cyprus government.
Mar 15, 2013 13:11 EDT
Japan's hard-charging prime minister on Friday said he wanted in on talks to forge a huge trade pact, the latest bold move from a man who says he is determined to lick the frail economy into shape.
Mar 15, 2013 13:08 EDT
Spain's King Juan Carlos has been plagued by health problems and unprecedented family scandals that have undercut public confidence in the monarchy during a bruising recession, but analysts say he is unlikely to abdicate anytime soon.
Mar 15, 2013 11:32 EDT
Europe's main stock markets fell on Friday in downbeat pre-weekend deals before the outcome of a major eurozone ministers meeting that seeks to agree a bailout for the Cyprus government, dealers said.
Mar 15, 2013 11:27 EDT
US consumer sentiment sank this month after a surge in February, a key index showed Friday, possibly pointing to a slowing of household spending.
Mar 15, 2013 10:23 EDT
China's new premier Li Keqiang has risen from relatively humble roots to take charge of running the government of the world's second-largest economy, but could struggle to enforce his will.
Mar 15, 2013 08:30 EDT
Italy's new parliament met on Friday for the first time since a deadlocked election in February, amid increasing pressure to seek a way out of an impasse which has left the eurozone's third largest economy without a government.
Mar 15, 2013 08:10 EDT
Europe's main stock markets fell on Friday in downbeat pre-weekend deals before the outcome of a major European Union summit that seeks to agree a bailout for the Cyprus government, dealers said.
Mar 15, 2013 07:01 EDT
Inflation in the 17-nation eurozone fell sharply in February to 1.8 percent, putting it below the European Central Bank's target rate for the first time in more than two years, official data showed on Friday.
Mar 15, 2013 06:31 EDT
New private home sales in Singapore plunged 65 percent in February from a month before as market cooling measures and the Lunar New Year holidays kept buyers away, official data showed Friday.
Mar 15, 2013 05:26 EDT
Prime Minister Shinzo Abe said Friday that Japan wants to take part in talks aimed at forging a huge free trade agreement that could involve 40 percent of the world's economy.
Mar 15, 2013 04:47 EDT
London shares were steady in early trade on Friday, consolidating recent gains after US stocks again flirted with record highs overnight, dealers said.
Mar 15, 2013 01:11 EDT
The International Monetary Fund (IMF) called for "urgent action" to help revive the Palestinian economy, saying it had been choked by Israeli restrictions and political uncertainty.
Mar 14, 2013 23:07 EDT
Eurozone veteran Jean-Claude Juncker said Friday that Eurogroup finance ministers meeting later in the day must agree on a bailout for the near-bankrupt Cyprus government.
Mar 14, 2013 22:39 EDT
Governments and agencies must be wary of drowning Myanmar with well-intentioned but ill-targeted aid, experts have warned, admonishing the global community to "first do no harm."