A French court has eased the pressure on Christine Lagarde, head of the IMF, by stopping short of making her an official suspect for her role in a €400 m pay-off to a supporter of former president Nicolas Sarkozy. The FT reports.
This week there's sure to be plenty of talk about the environmental impact of the proposed Keystone XL pipeline. But the real debate begins hundreds of miles north where the oil comes from, in Fort McMurray, Alberta—the unofficial capitol of oil sands country.
After Hugo Chavez's anointed heir secured a razor-thin victory in Venezuela's presidential election on Sunday, one analyst questioned how much longer Chavez's socialist policies will survive.
German opposition leader Peer Steinbrueck has warned Europe could see a repeat of the Cyprus crisis even as the bailout costs for the island nation have ballooned, adding that Cyprus must foot the added costs.
Britain's biggest retail bank Lloyds received more complaints than any of its rivals in the second half of 2012, data published by the U.K.'s financial regulator showed.
Cyprus will relax requirements for citizenship, including for bank depositors who lost large amounts of money in the deal with the EU and IMF, the president said on Sunday.
Easing growth in China and pessimism about the U.S. recovery after a surprise 0.4 percent contraction in retail sales last month are likely to push oil prices lower, according to CNBC's latest survey.
The political establishment has dismissed Germany's new anti-euro party as a fear-mongering populist aberration that could implode even before a looming federal election.
As recently as the early 1990s, the idea that Sweden could be a model of anything except socialism gone awry would have been laughable. But economic reforms and market liberalization have lit a fire under the economy.
Pimco's Mohamed El-Erian says we are now watching the second botching of a Cyprus rescue and the implications cannot be good for Cyprus, or for Europe as a whole.