RIYADH, Oct 20- Saudi Arabia's biggest bank has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within about five years. The decision, made as the bank launches a $6 billion initial public offer of its shares, the largest-ever equity sale in the Arab world, shows how Saudi Arabia's...» Read More
R.R. Reno, First Things editor, and Michael Matheson Miller, PovertyCure director, discuss Pope Francis' take on free market capitalism.
CNBC's Eamon Javers reports on the Vatican's release of the Pope's apostolic exhortation, his first major piece of writing since becoming Pontiff, where Pope Francis is very critical of the excesses of capitalism.
A Reuters study found that Iran's Ayatollah Khamenei controls a massive financial empire built from property seizures from ordinary Iranians.
Pope Francis plunged headlong on Thursday into some of the most divisive issues in Catholicism — speaking expansively about fighting abortion, contraception and gay marriage.
Pope Francis already has distinguished himself from his predecessor with a more down-to-earth style, and he is now delighting the faithful by spontaneously calling people, the NYT reports.
Does Pope Francis have faith in free markets? Matthew Schmalz, College of the Holy Cross professor, provides perspective. "He's a Pope, he's not an economist, so I don't think we'll be hearing policy pronouncements from him," he says.
Pope Francis has made several critical comments on world economic issues. Analysts say he's issuing a warning over the future of free market thinking.
Thousands of young Catholics from around the world flocked to Rio's famed Copacabana beach on Tuesday to kick off a youth festival that will feature appearances by Pope Francis.
Thailand's Buddhism body said it is monitoring monks nationwide for any inappropriate behaviour. The Financial Times reports.
Hedge fund trader Doug Kass will quiz billionaire investor Warren Buffett at Berkshire Hathaway Inc's annual meeting in Omaha this Saturday.
China is struggling to get its estimated 100 million religious believers to banish superstitious beliefs.
Pope Francis, who has said he wants the Catholic Church to be a model of austerity and honesty, could restructure or even close the Vatican's scandal-ridden bank, Vatican sources say.
As Pope Francis assumes leadership of the world's 1.2 billion Catholics, he's got his work cut out for him on many fronts.
A new pope is selected in an amazingly efficient process. But can the U.S. solve its economic problems in the same way?
CNBC's Mary Thompson takes a look at what's ahead for the new leader of the Catholic Church.
CNBC's Mary Thompson reports the latest details on newly-elected Pope Francis, the former archbishop of Buenos Aires.
Will Pope Francis, the first Latin American to hold that title, bring a new energy to the Catholic Church ?
Cardinals begin the process of choosing a new pope in earnest, holding their first full day of voting for a leader to face a major crisis in the Roman Catholic Church.
Three Italians, three North Americans, and Luis Antonio Tagle, the archbishop of Manila, capital of the Philippines, Asia's only majority-Catholic nation, are among candidates to succeed Pope Benedict XVI. The New York Times reports.
With Pope Benedict XVI now officially in retirement, Catholic cardinals around the world begin on Friday the process of picking the next leader of the world's largest church.