Consumers in crisis-hit Spain put brakes on spending
Spaniards are buying fewer cars, fewer clothes and even cutting back on smoking as a grinding recession and rising unemployment force them to slash spending, dealing a severe blow to manufacturers and shops.
IMF admits 'notable failures' in 2010 Greece rescue
The International Monetary Fund on Wednesday admitted to significant failures in the first Greek rescue that forced a second, larger bailout and left the country in a deep recession.
EU, IMF, praise Greek progress battling debt
Greece on Friday received a vote of confidence from international creditors over progress in overhauling its stricken economy -- and a fresh injection of cash from the IMF.
01 June 2013
UBS France placed under investigation
Paris investigators placed the French branch of Swiss bank UBS under formal investigation Friday on suspicion it helped try to persuade rich French clients to open undeclared accounts in Switzerland.
Japan retains status as top creditor nation
Japan kept its position as the world's largest creditor nation for the 22nd straight year in 2012, government data showed Tuesday, as the dollar's gains helped inflate the value of overseas assets.
28 May 2013
Brussels expected to up pressure for economic reform
The European Commission is expected on Wednesday to increase the pressure on several countries, particularly France, to speed up structural reforms seen as the only reliable way to boost growth and job creation.
Kerry unveils $4 bn Palestinian investment plan
US Secretary of State John Kerry unveiled Sunday a plan to boost the Palestinian economy by attracting $4 billion in private investment, saying it could transform the lives of the people.
27 May 2013
Guatemala extradites ex-president to US
Guatemala extradited former president Alfonso Portillo to the United States on Friday to face charges of laundering $70 million of swindled government funds through US banks.