Financial institutions have joined forces to propose a new framework that aims to negate complicated disputes such as the fight over Argentina's default.» Read More
Late Tuesday, MSCI downgraded Greece as an "emerging market," effectively bringing the country full circle from when it was upgraded to a developed market.
Greece's fragile government faced protest on Wednesday over the sudden closure of state broadcaster ERT, hours after seeing its bourse downgraded to emerging market status.
Industrial output from euro zone factories defied market expectations and rose in April, but expansion was slowed by a drop in production of energy and durable consumer goods.
The number of Britons claiming unemployment benefit fell more than expected in May to its lowest in two years.
Attention may be focused on rising yields in major economies, but Europe's peripheral bond yields are also on the rise again.
British mobile operator Vodafone said on Wednesday it had made an offer to buy Germany's biggest cable company Kabel Deutschland.
Turkish riot police fought running battles with pockets of protesters overnight, clearing the central Istanbul square that has been the focus of nearly two weeks of protests.
J Sainsbury, Britain's No. 3 supermarket chain, met forecasts for underlying sales growth in its first quarter, outperforming major rivals.
Two days of accommodation at a lakeside golf hotel in Northern Ireland don't come cheap- and Britain has irritated its fellow Group of Eight states by sending them hefty advance bills for the summit it is hosting there.
Equity index provider MSCI on Tuesday lowered Greece to emerging market from developed market status, citing failure to qualify on several criteria for market accessibility.
The European Central Bank has room to cut interest rates further, Executive Board member Peter Praet said on Tuesday, adding that the central bank is paying "great attention" to euro zone inflation.
Taksim Square erupted in chaos on Tuesday night as the police hit protesters with tear gas and water cannons, sending thousands of people fleeing streets. The New York Times reports.
Greek state TV and radio went off air Tuesday, after the government said it would temporarily close state-run broadcasts and lay off 2,500 workers.
GlaxoSmithKline fired the head of its R&D operations in China after a tipster spurred an inquiry that found "misrepresented" data were used in a multiple sclerosis study.
A series of protests in Turkey against the government of Prime Minister Tayyip Erdogan has rocked that country, rattling investor confidence. Click here to see more.
With next week's Paris Air Show just around the corner, Airbus announced on Tuesday that the first flight of its new A350 XWB (extra wide body) jet will take place on Friday.
Floods that have devastated parts of Germany could briefly impede growth in Europe's biggest economy and result in an economic loss of 12 billion euros.
Apollo Global Management has snapped up £100 million ($155 million) of debt in Premier Foods, Britain's biggest branded goods company.
Spain's crisis has created orange grove gangs who rob agricultural commodities worth thousands.
Turkish riot police fired water cannons and teargas at hundreds of anti-government protesters in Istanbul's Taksim Square on Tuesday, but the country's prime minister remained defiant.
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