Europe's attempt to restore confidence in its banks comes to a head on Friday with widespread expectation that up to 10 lenders will fail the test and have to raise capital.
Jewellery exports and quality of India's gold is set to get a boost with the decision to join the Convention on Control and Marking of Articles of Precious Metals known as Vienna Convention 1972.
Romania's central bank held interest rates at 6.25 percent on Wednesday, as expected, halting its easing cycle after a government plan to raise value added tax added to uncertainty about the economy.
The International Monetary Fund is working to develop new lending instruments for economies hit by crises that are not of their own making, IMF Managing Director Dominique Strauss-Kahn said on Tuesday.
Car maker Fiat SpA stopped short of sealing its near $1 billion investment for the survival of its Naples plant after less than full labor support for plans to boost productivity there.
The following are comments by European Union leaders and other officials on Thursday in Brussels, where they were holding a summit to discuss economic governance.
EU PRESIDENT HERMAN VAN ROMPUY
We agreed that the so-called stress tests of the banks will be published at the latest in the second half of July.
General Motors said on Wednesday it was dropping its request for European aid to restructure its Opel unit, opting to fund the sweeping turnaround plan on its own after government talks bogged down.
Opel turned its back on state assistance for its restructuring drive on Wednesday, abandoning months of talks with European governments and leaving parent General Motors to fund the program.
Surge in crude oil storage capacity in emerging markets will help lift global average annual growth rate (AAGR) in oil storage capacity by 4.9% during 2009-15. Emerging markets constitute 26% of the global storage capacity, according to an analysis by Research and Markets.
Germany's Economics Minister warned on Tuesday a decision over state aid for Opel, affecting thousands of jobs, could take until early June
The euro zone deficit crisis will prompt fiscal cuts that will hit demand for exports from central and Eastern Europe and undermine the region's recovery, the EBRD said on Friday.
Brewing giant SABMiller beat forecasts as it reported a 2 percent rise in fourth-quarter worldwide underlying beer volumes on Tuesday as emerging markets like Latin America and Africa started to recover.
Ireland hit its banks with a hefty penalty to take loans off their hands and said they needed at least 22 billion euros ($30 billion) in extra funds to recover from a property collapse that was worse than feared.
Debt-stricken Greece won little respite from crippling borrowing costs when it returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a last-resort financial safety net.
Debt-stricken Greece returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a financial safety net, but the foggy rescue plan did little to reduce its borrowing costs.
Euro zone leaders received a cautious stamp of approval from financial markets on Friday for their agreement to create a safety net with the International Monetary Fund to help debt-ridden Greece.
German Chancellor Angela Merkel backed aid for Greece with IMF involvement as a last resort on Thursday, and the European Central Bank extended looser funding rules in a big reprieve for Athens.
European Union leaders were striving on Thursday to reach a last-minute agreement on how to help Greece resolve its debt crisis and reassure investors before what was likely to be a tense summit.
Microsoft's Internet Explorer has lost market share in major European markets, such as France, Britain and Italy, after the U.S. software firm started to make it easier for European consumers to use competing browsers.
Pope Benedict apologized on Saturday to victims of child sex abuse by clergy in Ireland and ordered an official inquiry there to try to stem a scandal gripping the Catholic Church which has swept across Europe.
Kraft Foods came under heavy fire from UK parliamentarians on Tuesday for raising false hopes about the future of a Cadbury plant as it battled to win control of the British chocolatier.
The Greek debt crisis is poised to undermine already dwindling investment flows into south-eastern Europe's emerging economies, adding to barriers to recovery in one of the continent's most fragile regions.
