UNITED NATIONS— The United Nations imposed sanctions on the North Korean shipping company that operates a ship seized by Panama in July 2013 for carrying undeclared military equipment from Cuba ordered all countries to freeze its assets.» Read More
Royal Bank of Scotland is looking to appoint its former head of retail banking, Ross McEwan, as the new chief executive to replace Stephen Hester.
Euro zone officials have approved the transfer of 4 billion euros ($5.3 billion) of funding to Greece and euro zone governments are expected to approve disbursement by Monday.
Fitch Ratings has cut its credit grade for the European fund that provides rescue loans to Greece, Ireland and Portugal.
The Treasury said on Friday it will postpone enforcement of a new law that cracks down on offshore tax avoidance by Americans.
European leaders agreed on new steps to fight youth unemployment and promote lending to credit-starved small business on Thursday after deals on banking resolution and the long-term EU budget.
Bondholders in the U.S. alone would lose more than $1 trillion if yields leap, showing how urgent it is for governments to put their finances in order, the BIS said.
The European Union will seek on Friday to forge rules to force losses on large savers when banks fail, a sensitive reform that could shape how the euro zone deals with its sickly banks.
Japanese PM Abe said on Tuesday G-8 leaders expressed strong support for his "Abenomics" economic policies and heard no concerns about Japan's super easy monetary easing.
The United States and the European Union launched talks on Monday to create one of the world's most ambitious free-trade zones, as France again underscored its determination to protect its movies and culture.
OPEC predicted world oil demand will grow more quickly in the rest of 2013, indicating the group can keep pumping more oil than the ouptut target it set out last month.
OPEC oil exporters agreed on Friday to leave output policy unchanged on Friday as oil held around the group's preferred level of $100 a barrel.
America's shift toward self-sufficiency in energy will weaken its strategic interest in the Middle East, North Africa and the Persian Gulf, the globalpost reports.
Oil traders should not lose too much sleep worrying about what OPEC, often unpredictable and quarrelsome in the past, will do when it meets next week.
A draft law that EU lawmakers voted for on Monday would shield small depositors in future bank rescues, but customers with more than 100,000 euros could suffer losses.
Visa Europe, the European licensee of Visa Inc., has offered to cap its inter-bank credit card fees at 0.3 percent of transaction value for four years, the same level as the rival MasterCard network, to end a European Union competition investigation and stave off a possible fine.
Group of Seven nations finance ministers agreed to tackle the issue of how to deal with failing banks and gave gave a green light to Japan's efforts to galvanize its economy.
Hank Greenberg, the former head of insurance giant AIG, tells CNBC about building AIG from a small domestic insurance company into the mammoth global player that it became.
Greek lawmakers on Sunday approved a reform law to unlock about 8.8 billion euros of rescue loans from the EU and the IMF. The legislation makes it easier to fire government employees for disciplinary reasons and extends an unpopular property tax.
The self-sustaining building, which generates all its own electricity and collects its own water, could inspire more action to raise awareness about the environment and the need to curb climate change.
Leaders of the International Monetary Fund said an uneven global economic recovery is emerging, and policymakers must take more steps to foster swifter growth and job creation.