Ukraine's central bank said it will raise its key refinancing rate to 30 percent from 19.5 percent from Wednesday.» Read More
Investors hunting for bargains in southern Europe must proceed with caution to avoid some crisis hot spots, financial experts say.
Brazil awarded a $4.5 billion contract to Saab AB on Wednesday to replace its aging fleet of fighter jets.
Russian President Vladimir Putin said he would soon pardon jailed oil tycoon Mikhail Khodorkovsky, who still has eight months left to serve in jail.
British retail sales rose last month recovering from a fall in October, helped by shoppers buying warm clothes.
Investors are still betting big on sovereign debt from struggling euro zone countries even as European banks offload their investments.
In the first speech of her third term, German Chancellor Angela Merkel urged European partners towards a treaty change.
The French Finance Minister said there were "no problems" left on the table between euro zone finance ministers.
German business sentiment rose in December, according to data released by the Ifo Institute on Wednesday, adding to a raft of recent positive economic data from the euro zone's largest economy.
Graham Mackay, chairman and former chief executive of SABMiller, died on Wednesday after a battle with cancer.
Britain's unemployment rate fell faster than expected in the three months to October, edging closer the Bank of England's threshold level for considering a hike in interest rates.
The euro zone’s plans to reshape its banking system and deal with future crises can seem like nothing more than an excuse to create new bureaucracies.
Dutch prostitutes are demanding the same retirement tax benefits as professional footballers because of the "hard physical work" they do.
European Union diplomats approved new anti-tobacco legislation on Wednesday, including larger health warnings on cigarette packets and the bloc's first ever rules on electronic cigarettes.
Euro zone ministers reached an agreement that would create a backstop to the EU's new bank rescue system in case it runs out of money. The FT reports.
The Bank of England (BoE) announced it will ditch paper banknotes in favor of plastic ones on Wednesday morning.
The first sale of state-owned shares in Lloyds Banking Group resulted in a £230 million loss for taxpayers. The FT reports.
To help avert a financial crisis, Russian President Vladimir Putin announced Russia's gas supply prices to Ukraine will be cut by one-third.
Angela Merkel will lead an unlikely alliance of conservatives and socialists in her third term as the German Chancellor.
The dangerous link between fragile banks and governments in the euro zone has been detailed in a new transparency report by the European Banking Authority (EBA).
The announcement that GSK will stop paying doctors and remove sales incentives is a sea-change in an industry struggling with faltering sales.
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