• Italy says 265 rescued from ferry, more stranded Monday, 29 Dec 2014 | 1:49 AM ET
    A rescued passenger arrives at the Antonio Perrino hospital in Brindisi, southern Italy, after being lifted off the burning ferry 'Norman Atlantic' adrift off the coast of Albania, on December 28, 2014.

    Rescue teams have pulled 265 people off a stricken car ferry which caught fire off the coast of Greece, the Italian navy said on Monday.

  • Europe seen higher as holiday cheer continues Monday, 29 Dec 2014 | 1:45 AM ET

    European shares are expected to follow the rally in Asian and U.S. equities, opening higher on Monday.

  • TOKYO, Dec 29- The euro inched away from more than two-year lows but remained on tenterhooks as investors awaited a key vote in Greece later in the session, while the dollar treaded water in its final week of a strong 2014.. "The possibility of a worrying outcome in Greece is a potentially risk-off factor, as is the possibility of an Ebola case in Japan," said Ayako Sera,...

  • A push too far? Private tutors for 3-year-olds Monday, 29 Dec 2014 | 1:15 AM ET
    Pupils at Harrow School

    This Christmas, London's well-off parents will be fretting over whether their children get into the most prestigious schools in the new year.

  • *Japan's FSA conducting stress tests- two sources. TOKYO, Dec 29- Japan's financial regulator is running stress tests to see if too much cash in the system is stifling smaller banks' ability to earn, unlike regulatory tests elsewhere that have been designed to see whether lenders had enough capital to cope with financial shocks. The action highlights one of the...

  • Ukraine's parliament approves 2015 budget Sunday, 28 Dec 2014 | 10:49 PM ET

    KIEV, Dec 29- Ukraine's parliament backed a budget for 2015 on Monday that it had been under pressure to approve to secure the next tranche of financial aid under a $17 billion International Monetary Fund loan package, the Interfax news agency reported. Before the budget vote in the early hours of the morning, deputies approved a series of austerity laws,...

  • Fed and ECB: Kudos and problems ahead Sunday, 28 Dec 2014 | 9:34 PM ET
    The Federal Reserve building in Washington.

    The U.S. economy is on course to generate a trade deficit of $700 billion which can be considered as America's net contribution to the world economy.

  • SAN FRANCISCO/ BEIJING, Dec 29- The settlement of China's anti-trust probe into Qualcomm Inc is likely to intensify global scrutiny of the firm's highly profitable patent licensing business, and may even call into question its worldwide contracts with smartphone makers such as Apple and Samsung. Any deal is likely to include a record-breaking fine, as well as...

  • Germany cools to Russian investment Sunday, 28 Dec 2014 | 8:36 PM ET
    A giant sign for OAO Gazprom stands above a building in Moscow, Russia

    Few countries have invested more heavily in Russia than Germany after the Cold War ended. But now the rush is going in reverse. The NYT reports.

  • TOKYO, Dec 29- The dollar began the final week of 2014 on firm footing on Monday, as the euro flirted with two-year lows while investors awaited a key vote in Greece later in the session. "The index probably rebounded to close to the recovery-to-date high of 94.1 reached in October," said Jim O'Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, New...

  • ATHENS, Dec 29- Greek Prime Minister Antonis Samaras faces a vote in parliament on Monday that will decide whether the country goes to snap elections that could bring the leftwing Syriza party to power and derail an international bailout. In the most hotly contested vote for president since Greece joined the euro more than a decade ago, the result in the final...

  • PARIS, Dec 28- The AirAsia aircraft that went missing on Sunday on its way to Singapore from Surabaya in Indonesia was delivered to its operator in 2008 and had recorded 23,000 flight hours on 13,600 flights, manufacturer Airbus said in a statement. Indonesia AirAsia Flight QZ8501, an Airbus 320-200 with 162 people aboard, lost contact with Jakarta air traffic...

  • ABINSK, Russia, Dec 28- As U.S. and European sanctions piled pressure on Russia earlier this year, the Kremlin hit back with an unusual weapon: apples. A day after Russia decreed Polish apples forbidden, Gennady Timchenko, who made a fortune from oil trading during Putin's years in power, applied to buy a large stake in one of Russia's biggest apple producers.

  • AirAsia faces biggest crisis as jet goes missing Sunday, 28 Dec 2014 | 8:48 AM ET

    SINGAPORE/ KUALA LUMPUR, Dec 28- AirAsia was built up from two planes in 2001 to an airline industry titan that operates more than 180 jets in just over a decade but now faces its biggest ever challenge. A dream run for the airline and its flamboyant boss, Tony Fernandes, turned sour on Sunday, as Indonesia AirAsia reported an Airbus 320-200 with 162 people on board...

  • VANCOUVER, Dec 28- When Allan Pulga, a communications manager, found out he was going to be a father, he had to make a tough choice- stay in a tiny downtown condo or leave Vancouver. "When you're a young, single person, you can make Vancouver work financially," said Pulga, who was able to transfer to iQmetrix's Regina office. The average Vancouver- area property- including...

  • German central bank chief: cheap oil is stimulus Sunday, 28 Dec 2014 | 7:27 AM ET

    BERLIN— The president of Germany's central bank is questioning the need for the European Central Bank to embark on a new bond-buying program when the continent is being "gifted a stimulus program" by low oil prices. The ECB is considering whether and how to offer more stimulus for the sluggish eurozone economy, perhaps in the form of large-scale purchases of...

  • Merkel appeals to Russia over Ukraine Sunday, 28 Dec 2014 | 7:16 AM ET
    German Chancellor Angela Merkel and Russian President Vladimir Putin

    German leader Angela Merkel appealed to the Russian government to use its influence on separatists in eastern Ukraine.

  • Missing flight is 3rd Malaysia-linked incident Sunday, 28 Dec 2014 | 4:13 AM ET

    JAKARTA, Indonesia— The disappearance Sunday of AirAsia Flight 8501 was the third air incident this year involving Malaysia, where budget carrier AirAsia in based. Here's a look at the two other disasters, as well as the latest missing flight, which went missing with 162 people aboard less than an hour after taking off from Surabaya, Indonesia, for Singapore.

  • German growth may surprise: ECB member Sunday, 28 Dec 2014 | 1:52 AM ET
    A euro logo next to the headquarters of the European Central Bank in Frankfurt.

    Germany's growth may top expectations next year and Europe's situation isn't as bad as many people think, the Bundesbank's president told a newspaper.

  • Indonesian official: Prospects bleak for missing jet Sunday, 28 Dec 2014 | 12:13 AM ET

    JAKARTA, Indonesia— An astonishingly tragic year for air travel in Southeast Asia turned worse Sunday when an AirAsia plane carrying 162 people disappeared over stormy Indonesian waters, with no word on its fate despite several hours of searching by air and sea. The Malaysia- based carrier's loss comes on top of the still-unexplained disappearance of...