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  • RBS Chairman: New CEO Is Right Thing for Bank Thursday, 13 Jun 2013 | 3:19 AM ET

    Chairman of Royal Bank of Scotland, Sir Philip Hampton said CEO Stephen Hester's departure was not a result of a falling out with finance minister George Osborne, but time for him to move on as he had not so many "years ahead of him".

  • Hester's Departure From RBS Called 'Plain Stupid' Thursday, 13 Jun 2013 | 2:45 AM ET
    Stephen Hester

    Stephen Hester's departure as the CEO of U.K.-taxpayer owned Royal Bank of Scotland surprised London's financial sector.

  • Google Slammed for Using 'Artificial Tax Structure' Thursday, 13 Jun 2013 | 1:57 AM ET
    Google's European headquarters in Dublin, Ireland,

    Google has aggressively avoided paying corporate tax in Britain, a U.K. parliamentary committee said in a damning report on Thursday.

  • Soccer Star Messi Accused of Tax Fraud in Spain Thursday, 13 Jun 2013 | 1:14 AM ET
    Lionel Messi

    Barcelona's Argentina forward Lionel Messi and his father denied wrongdoing on Wednesday after the Spanish tax authorities accused them of defrauding the state of more than four million euros ($5.3 million).

  • Why Questioning Our Mandate Is Wrong: ECB Wednesday, 12 Jun 2013 | 8:57 PM ET

    The ECB has hit back at suggestions that its mandate should be up for discussion. The Financial Times reports.

  • French Air Traffic Controller Strike Halts Travel Wednesday, 12 Jun 2013 | 1:04 PM ET

    A strike by air traffic controllers forced cancellations of more than 60 percent of flights around France and disrupted travel elsewhere in Europe.

  • Not Working: European Firms 'Sitting on $1 Trillion' Wednesday, 12 Jun 2013 | 11:47 AM ET

    Europe's largest companies left $1 trillion of working capital unused in 2012, according to a report published on Wednesday.

  • 10,000 Russian Protestors Demand Putin Resign Wednesday, 12 Jun 2013 | 10:05 AM ET

    Thousands of Russians marched through Moscow demanding Vladimir Putin resign on Wednesday, as the president took the helm of a loyalist movement designed to broaden his power base.

  • Qatar and UAE Finally Get Emerging Market Status Wednesday, 12 Jun 2013 | 10:01 AM ET
    Qatar financial district

    Global index compiler MSCI has upgraded the United Arab Emirates and Qatar to Emerging Market status from Frontier Market, marking a new era for their capital flows.

  • Greece Downgraded Again -- Just Not How You Think Wednesday, 12 Jun 2013 | 9:42 AM ET

    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 Back in Crisis After TV Shutdown Wednesday, 12 Jun 2013 | 8:01 AM ET
    Greek main opposition party leader Alexis Tsipras (C) talks with employees of the ERT public broadcaster to express his support at the headquarters studio in Athens on June 11, 2013.

    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.

  • Surprise Rise in Euro Zone Industrial Output Wednesday, 12 Jun 2013 | 7:24 AM ET

    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.

  • UK Job Market Perks Up in Latest Sign of Recovery Wednesday, 12 Jun 2013 | 5:46 AM ET

    The number of Britons claiming unemployment benefit fell more than expected in May to its lowest in two years.

  • 'Uneasy Calm' in Euro Zone Bonds Could Be Over Wednesday, 12 Jun 2013 | 3:49 AM ET

    Attention may be focused on rising yields in major economies, but Europe's peripheral bond yields are also on the rise again.

  • Vodafone Bids $13.3 Billion for German Cable Giant Wednesday, 12 Jun 2013 | 3:37 AM ET

    British mobile operator Vodafone said on Wednesday it had made an offer to buy Germany's biggest cable company Kabel Deutschland.

  • Turkish Police Clear Square After Night of Turmoil Wednesday, 12 Jun 2013 | 3:33 AM ET

    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.

  • Sainsbury Outshines Tesco with Quarterly Sales Rise Wednesday, 12 Jun 2013 | 2:16 AM ET

    J Sainsbury, Britain's No. 3 supermarket chain, met forecasts for underlying sales growth in its first quarter, outperforming major rivals.

  • Want to Attend G8? Britain Tells Leaders to Pay Up Wednesday, 12 Jun 2013 | 1:54 AM ET

    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.

  • MSCI Lowers Greece to Emerging Market Status Wednesday, 12 Jun 2013 | 1:49 AM ET

    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.

  • ECB Board Member: Room to Cut Rates Further Wednesday, 12 Jun 2013 | 1:21 AM ET

    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.

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