Mar 13, 2013 08:34 EDT
The world's biggest clothing group, Spain's Inditex which controls the Zara brand, posted Wednesday a record 2012 net profit as strong sales abroad, especially in Asia, and a global expansion offset belt-tightening by its domestic consumers.
Mar 13, 2013 07:30 EDT
Commerzbank, Germany's second-biggest bank, said Wednesday that it will undertake a 2.5-billion-euro ($3.3-billion) capital hike to repay further chunks of a state bailout it received during the 2008-2009 financial crisis.
Mar 13, 2013 06:56 EDT
An impoverished vendor who torched himself in a Tunis street has died, a medic said Wednesday, his act of desperation adding urgency to politicians' efforts to end Tunisia's political and economic woes.
Mar 13, 2013 06:18 EDT
Nearly two thirds of people in the Asia-Pacific region have no clean, piped water at home despite the region's strong economic growth, according to a major report released on Wednesday.
Mar 13, 2013 02:03 EDT
Cathay Pacific said on Wednesday that 2012 net profit plunged 83.3 percent, as the Hong Kong flag carrier was hit by persistently high fuel prices and the eurozone financial crisis.
Mar 12, 2013 23:08 EDT
After weeks of protests, Bulgaria's new technocrat caretaker government must urgently restore trust in state institutions or risk exacerbating an already dire economic situation in the European Union's poorest country, analysts say.
Mar 12, 2013 14:38 EDT
Interpol on Tuesday announced a deal with the world's top pharmaceutical companies to fight fake drugs which threaten the health of millions, especially in poor countries.
Mar 12, 2013 13:47 EDT
Shares in London closed a little higher on Tuesday, drawing support from more positive Eurozone macroeconomic news.
Mar 12, 2013 13:00 EDT
Russian President Vladimir Putin said Tuesday he intends to nominate Kremlin economic adviser and his close ally Elvira Nabiullina to parliament as Russia's next central bank chief.
Mar 12, 2013 11:05 EDT
The "bad bank" set up to purge Spain's crisis-hit finance sector has begun operating and aims to sell off 1.5 billion euros' worth of toxic assets in 2013, the government said on Tuesday.
Mar 12, 2013 08:37 EDT
A poverty-stricken cigarette vendor set himself on fire in the centre of Tunis on Tuesday, suffering extensive burns but not endangering his life, witnesses and medics said.
Mar 12, 2013 07:57 EDT
Britain's manufacturing output slumped by 1.5 percent in January compared with December, official data showed on Tuesday, dealing a fresh blow to the country's hopes of avoiding a fresh recession.
Mar 12, 2013 07:46 EDT
Spain's borrowing costs eased as it sold 5.832 billion euros in short-term debt on Tuesday, in a sign of further-strengthening market confidence in the crisis-hit country.
Mar 12, 2013 06:53 EDT
Greece's international creditors will meet with Prime Minister Antonis Samaras on Tuesday in an attempt to iron out differences on reform measures required to open access to scheduled loans.
Mar 12, 2013 03:54 EDT
Data confirms recession in the eurozone's weakest economies last year, breathing new life into a heated debate on whether aggressive austerity measures may come at the cost of economic growth.
Mar 12, 2013 00:57 EDT
In Spain's boom years, they were a rich family's status symbol. Now abandoned as a result of the economic crisis, horses are plodding in their tens of thousands to the slaughterhouse.
Mar 11, 2013 20:40 EDT
An estimated 233 million women in their fertile years will lack access to modern contraception by 2015, up from 221 million in 2010, according to a study published on Tuesday.
Mar 11, 2013 14:33 EDT
The International Monetary Fund said Monday that it could provide an emergency short-term loan to Egypt if needed, as talks for a longer-term $4.8 billion financing program have bogged down.
Mar 11, 2013 13:41 EDT
European stock markets closed on Monday with mixed but mainly weaker results as disappointing Chinese economic data offset positive job numbers out of the United States, analysts said.
Mar 11, 2013 13:39 EDT
Greece on Monday appointed its third privatisation chief in a less than year as it struggled to speed up delayed state asset sales to meet bailout goals.