BERLIN— A senior European Union official says he opposes cutting back gas ties with Russia in the next few years but the bloc should work on diversifying supplies. Russia is a major European gas supplier, and mounting tensions over Ukraine have raised concerns about possible disruption.» Read More
Venezuelan President Hugo Chavez has died after a protracted battle with cancer. He was 58.
Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan.
Bankers working on Wall Street for European banks could have their bonuses capped under new rules agreed by the European Parliament this week. U.S. banks operating in Europe will also be affected.
Japan's government is likely to nominate Asian Development Bank President Haruhiko Kuroda, an advocate of aggressive monetary easing.
Discoveries so far of horsemeat in products sold as beef are likely to be the "tip of the iceberg", a British parliamentary report into the scandal said on Thursday.
Iranian oil output will likely fall further from its lowest in three decades as the West tightens sanctions on the Islamic Republic, depriving Tehran of hard currency revenues, the International Energy Agency (IEA) said on Wednesday.
Monetary policies must not be directed at devaluing currencies, the Group of Seven nations said in a statement aimed at cooling growing international tensions over exchange rates and prompting yen to surge.
With the road ahead looking a bit smoother, G20 finance ministers will be happy to ignore the wreck in the rear-view mirror when they meet this week to steer a course for the world economy.
European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.
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.
A Dubai-based for-profit education company GEMS Education is planning a major global expansion as it seeks to secure a larger share of what it believes is a $3 trillion global market, but those expansion plans have also raised questions about the role of for-profit companies.
Prime Minister David Cameron promised on Wednesday to give Britons a straight referendum choice on whether to stay in the European Union or leave within the next parliament if he is re-elected at the next election in 2015.
Cyprus may seem too small for markets to care. But UBS has warned that the Mediterranean island is big enough to cause trouble in the euro zone after seeking a bailout from the troika, made up of the International Monetary Fund, the European Commission and the European Central Bank.
The European Central Bank should keep monetary policy easy and perhaps try to lower borrowing costs further to help the euro zone's struggling economy, the head of the International Monetary Fund said on Thursday.
A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.
Latin American markets have been a prime target for Spanish companies because of their language advantage, and giants such as Telefonica and Banco Santander have increased their exposure there to compensate for problems in their domestic market.
As it seeks a new chief to lead it out of a negotiating death-spiral, the World Trade Organization looks doomed to be fatally undermined by new global carve-ups that will leave many of the world's poorest sidelined.
Venezuela's top court ruled that Hugo Chavez 3rd term inauguration could be delayed, backing both the president-elect and his supporters.
Japan launched its second-ever trade complaint against China at the World Trade Organization on Thursday, challenging Beijing's claim that Japanese steel firms are competing unfairly in the world's biggest steel market.
Europe's leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece.