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News
European banks pay heavy price for scandals
Four European banks paid a heavy price on Tuesday in a clean-up of the financial industry, with Rabobank fined $1 billion and three other major lenders preparing for possibly huge legal costs after a string of scandals.
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China to hold key economic reform meeting Nov 9 to Nov 12
China's leaders will hold a key meeting to discuss deepening financial reforms between November 9 and November 12, the official Xinhua news agency said, as the ruling Communist Party looks to set its economic agenda for the next decade.
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EU makes new bid to reach deal on Ukraine's jailed Tymoshenko
European Union mediators were to resume a push on Tuesday aimed at securing the release of Ukrainian opposition leader Yulia Tymoshenko, with EU politicians warning that time is running out for the signing of a landmark trade agreement next month.
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Risking Russia's ire, Georgia seeks closer ties with Europe
Georgia's new president said on Monday he would press ahead with efforts to deepen the former Soviet republic's ties with the West despite Russian concerns.
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Weak global growth to prolong Asian slowdown
The slowdown in Asian economies will likely persist for the rest of this year as weak global growth and reforms under way in many countries hinder activity, Reuters polls showed on Thursday.
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EU lawmakers seek to block U.S. financial spying
The European Parliament called on Wednesday for U.S. access to a global financial database in Belgium to be suspended due to concerns that the United States is snooping on the European Union, not just combating terrorism.
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Stock futures drop on China cash fears, European banks
U.S. stock index futures fell on Wednesday, following four straight days of record highs on the S&P 500, amid concern over tightening financial conditions in China and weakness in European banks.
News
Eurogroup head says Slovenia must press on with reforms
The chairman of the group of euro zone finance ministers said the bloc stands ready to support Slovenia, but the country must not stray from the path of fiscal reform, a newspaper reported.
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