Shareholders and junior bondholders are going to have to take a hit before they can get a taxpayer-funded bailout.
President Barack Obama will meet Myanmar’s President Thein Sein on Monday, amid apprehensions over sustainability of the nation’s reforms.
German exports and investments fell in the first quarter as French exports declined, too, for the second quarter in a row.
German and France finance chiefs will meet Tuesday, on the heels of France hailing the EC's decision to extend budget-cutting deadline.
The U.S. extended targeted sanctions against Myanmar for another year, but it also eased some visa restrictions.
A preliminary deal among Serbia, Kosovo and the EU makes headway in the dispute over Kosovo sovereignty.
The EU decided on Monday to lift all sanctions on Myanmar, which is on a resurgent path, albeit marred by sectarian violence.
The monetary union in April extended its exploration of just how low it can go in terms of business activity.
Trade between Egypt and the West remains strong, but if the Morsi government fails to act partnerships could crumble.
The survey fell 12.2 points to 36.3 in March, on concern about the finances of Slovenia, Portugal and Italy.
Big-money bank depositors in the European Union have good reason to believe there are targets on their backs.
Cyprus' messy bailout deal has dragged other tiny economies with big banking sectors into the spotlight.
As the dust from the Cyprus financial rescue settles, an altered landscape is emerging.
Mugabe has ruled, or co-ruled, Zimbabwe since 1980.
Here is the full text of the Eurogroup Statement on Cyprus, as issued in Brussels early Monday.
Just hours away from financial ruin, one of the tiniest countries in the euro zone agreed to severe terms for a financial rescue.
The world watched Saturday as Cyprus struggled to repair years of financial mismanagement.
Cyprus will get €10 billion to prop up its €17 billion economy. That’s nothing compared with the bailouts of four other euro-zone countries.
The tiny Mediterranean E.U. member has until Monday to find an alternative to financial chaos.
Cypriot banks remain closed while the government seeks a solution to its banking crisis. Meanwhile, regular citizens are carrying on.
Cyprus is fast exhausting options to avoid financial ruin as Brussels and Moscow watch it rush to the precipice.
Governments today have no need of that kind of logic. They get to hurt whomever they wish because they're the government.
