The Eurozone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision.
Italy will allow the IMF to monitor its progress with long overdue reforms of pensions, labor markets and privatizations, European leaders announced on Friday, looking beyond the crisis in Greece to the far graver threat to the euro zone.
Royal Bank of Scotland is to further shrink its investment bank arm and cut more jobs after the euro zone debt crisis saw third quarter profits slump, hampering its turnaround.
Commerzbank will accelerate a pullback from euro zone nations and cut risky assets to avoid another state bailout after a 798 million euros ($1.10 billion) impairment on Greek assets pushed it to a third-quarter operating loss.
Canada's Colt Resources Inc will invest at least 53 million euros ($73 million) in two gold prospecting concessions in Portugal's southern Alentejo region, and the company said on Thursday it considers the country as strategic to its growth.
Two other major Dutch banks, ABN AMRO and Rabobank, have already unveiled significant job cuts.
Dutch financial services group ING is to cut 2,700 staff and contract jobs, it said on Thursday in announcing third-quarter results, slashing the headcount at its Dutch retail banking operations by 10 percent in the face of deteriorating markets.
Greece's prime minister faces a grilling from the leaders of Germany and France on Wednesday after fighting to win the backing of his cabinet to hold a referendum on a 130 billion-euro ($178 billion) bailout package.
Greece's prime minister won the backing of his Cabinet Wednesday to hold a referendum on a 130 billion euro bailout package but will find the stunned euro zone leaders who engineered the deal last week harder to convince.
Standard Chartered Plc said on Wednesday that operating profit before tax in the first nine months grew at a double-digit rate, helped by a strong showing in markets including Hong Kong and putting it in line for a ninth straight year of record earnings.
Greek Prime Minister George Papandreou fought off a barrage of criticism to win the backing of his Cabinet Wednesday to push ahead with a speedy referendum on the European debt bailout deal.
The Greek government faced possible collapse on Tuesday as ruling party lawmakers demanded Prime Minister George Papandreou resign for throwing the nation's euro membership into jeopardy with a shock call for a referendum.
In their battle to bolster state finances and avoid sovereign defaults, euro zone policymakers may do well to examine the efforts of tiny neighbor Lithuania to reform state-owned enterprises.
Apple will release the iPhone 4S in 15 more countries starting Nov. 11, including Poland, Greece and Hong Kong.
Apple has announced the availability of the iPhone 4S in Hong Kong, South Korea and 13 additional countries beginning Nov. 11.
Gold prices fell 1.5 percent Tuesday as Chinese manufacturing slowed more than expected and Greece blindsided markets with plans for a referendum on whether to accept another bailout.
Here is the list of the nominees for the 2011 FIFA Ballon d’Or World Player of the Year.
Gold prices fell 1.4 percent Monday as the bankruptcy of a broker-dealer heavily invested in European sovereign debt drove investors to the safety of the dollar.
The bankruptcy of New York-based MF Global Holdings brought the European debt crisis to New York, wiping out a respected firm and tarnishing the reputation of a former Goldman Sachs CEO.
In early April, Jon Corzine was in a tough spot. MF Global, the company he had run for the previous year, was about to post a fourth-quarter loss, marking its fourth successive fiscal year of red ink.
Ask senior European Union policymakers in private what can stop the euro zone's festering sovereign debt crisis and the answer is the European Central Bank.
Confidence was highest in India for a seventh straight quarter but India's reading fell 5 points from the second quarter and Saudi Arabia was catching up.
