A group called Khorasan that emerged in the past year in Syria may be the most intent on hitting the United States with a terror attack.» Read More
A court in Rome has summoned Bank of Italy officials for questioning on the state bailout of Monte dei Paschi, as scandal spread over the trading that plunged the world's oldest bank into trouble.
Nigel Lawson, former Tory chancellor, has urged George Osborne to fully nationalize the Royal Bank of Scotland, attacking the banking industry's bonus culture and what he says are its overrated "star" traders, the Financial Times reports.
Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.
Spain's ruling People's Party denied on Thursday that Prime Minister Mariano Rajoy and other leaders received payments from a slush fund after a newspaper published what it said were secret party accounts.
As European Central Bank head prepares to become banking supervisor for the euro zone, he can ill afford the charge that Italy's central bank let scandal-hit Monte Paschi off the hook with woeful oversight.
German retail sales tumbled by their largest amount in over three years in December, preliminary data showed on Thursday, denting hopes that private consumption can compensate for weaker exports and lift Europe's largest economy this year.
Economic hardship has inspired a full range of clandestine entrepreneurship in Spain. The combination of higher taxes and unemployment has pushed desperate Spaniards to convert their apartments and underused lofts and warehouses into jazz clubs, hair salons, restaurants and even flamenco halls.
Rio Tinto's Sam Walsh faces his first difficult decision as chief executive -- whether to shut the 1,400-staff Gove alumina refinery in Australia -- as under-performing units come under tougher scrutiny following $14 billion in writedowns this month.
Prime Minister Mariano Rajoy looks to have a tough year ahead as austerity bites, Catalonia bucks, and corruption lurks. The Christian Science Monitor reports.
Italy's technocrat prime minister, Mario Monti, is likely to lead the country again after the national election in February, Coutts Chief Investment Officer Norman Villamin told CNBC.
Anglo American took a $4 billion hit to its Minas Rio project on Tuesday, clearing the decks for new boss Mark Cutifani and indicating that the delayed Brazilian operation will eventually get off the ground.
The policy of quantitative easing pursued by the Bank of England since 2008 has hurt the nation's savers and any further stimulus would have marginal benefits, according to evidence heard by U.K. policymakers.
A powerful rally in Greek government bonds, which has seen prices surge four-fold since June, is running out of steam with investors still nervous the bailed-out country could be at risk of leaving the euro zone.
Mark Carney, incoming governor of the Bank of England, struck a cautious note on Monday, saying banks were now better placed to withstand financial shocks but warning that they still needed to reform further.
The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.
Spain may end its ban on short-selling stocks and bonds this week as the euro zone crisis relents, although controls could stay for bank shares which speculators targeted heavily during last year's turmoil.
Ireland's shortcomings in underwriting its troubled banks is now a global responsibility that should be addressed, the country's former Prime Minister John Bruton told CNBC on Monday.
The European Debt Crisis has caused Euro-zone leaders to re-examine their ties to Latin America, as the region's economy continues to grow.
German regulator BaFin has launched a special probe against four lenders including Deutsche Bank as part of an investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor), the Sueddeutsche Zeitung newspaper reported on Monday.
Credit Suisse Group Inc faces a potential $2 billion of exposure over fraud that occurred a decade ago at National Century Financial Enterprises, a result of a federal judge's determination on how to apportion responsibility.