Eurozone says ditch Cyprus tax grab on smallest accounts
The eurozone has told debt-hit Cyprus to revise a controversial levy on bank deposits to allow small savers to escape the tax, part of a larger bailout deal, amid a public outcry and fears of a bank run.
US Treasury chief not worried about market bubble
US Treasury Secretary Jacob Lew said Thursday that he was not worried about a potential financial bubble forming as Wall Street stocks racked up record highs.
Developing world's rise heralds global shift: UN
The developing world's rapid growth has sharply cut extreme poverty, created a new middle class and put the economies of Brazil, China and India on a path to overtake the globe's wealthiest nations.
IMF calls for 'urgent action' to boost Palestinian economy
The International Monetary Fund (IMF) Thursday called for "urgent action" to help revive the Palestinian economy, saying it had been choked by Israeli restrictions and political uncertainty.
15 March 2013
Samsung shares fall after Galaxy S4 release
Shares in Samsung Electronics fell 1.7 percent in early trade in Seoul on Friday, hours after the launch of the company's latest flagship smartphone in New York City.