Spain says headline jobless queue shrinks
The masses of people registered at unemployment offices in Spain shrank slightly in April to fewer than five million, raw data showed Monday, a result hailed by Prime Minister Mariano Rajoy's government.
Bank of America to pay $1.7 bn to MBIA to settle dispute
Mon, May 6, 2013
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Bank of America and insurer MBIA on Monday announced a $1.7 billion settlement deal resolving their dispute over mortgage securities that soured as the housing market collapsed.
EU in crunch talks on budget gap
Mon, May 6, 2013
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Leading EU officials meet later Monday to try and break a deadlock on the bloc’s budget for the rest of the decade with a summit of feuding national leaders looming on May 22.
Portugal pushes ahead with sweeping job cuts
Mon, May 6, 2013
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Portugal on Monday pushed ahead with deeply unpopular plans to slash 30,000 public sector jobs by launching talks with unions as part of a sweeping savings package to satisfy international creditors.
ADB faces funding crunch, warns India
Sat, May 4, 2013
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The Asian Development Bank is facing a funding crunch as the multilateral lending agency seeks to reduce widespread poverty in emerging market nations and boost infrastructure, India warned Saturday.
BNP Paribas posts profit slump
Fri, May 3, 2013
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The biggest French bank, BNP Paribas, on Friday said net profit slid by 44.8 percent in the first quarter hit by poor investment bank revenue and a sluggish economy in Europe.
JP Morgan Chase faces federal regulatory action: report
Fri, May 3, 2013
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JP Morgan Chase faces federal regulatory action over a scheme which manipulated energy prices in two US states, the New York Times reported Friday.
Asian shares rise after ECB rate cut
Fri, May 3, 2013
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Asian markets mostly rose on Friday, aided by a European Central Bank interest rate cut aimed at stimulating growth in the sluggish eurozone and a positive US jobless claims report.
‘In the house’: Investment guru Buffett joins Twitter
Thu, May 2, 2013
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Investment guru and mega-billionaire Warren Buffett took a new plunge Thursday: He sent his first message on Twitter — and within a short time had more more than 100,000 followers.
IMF approves $932 mn loan for Jamaica
Wed, May 1, 2013
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The International Monetary Fund’s executive board approved a $932 million loan program Monday for Jamaica aimed at helping the government begin cutting its borrowings and spark economic growth.
Cyprus MPs narrowly approve EU-IMF bailout deal
Tue, Apr 30, 2013
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The Cypriot parliament narrowly approved on Tuesday a controversial 10-billion-euro ($13 billion) bailout deal agreed with international lenders to stave off bankruptcy for the eurozone member.
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Monday, May 6, 2013
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