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Gulf states risk deficit as oil price falls: IMF head

Oil‑dependent Gulf states will face budget shortfalls if the recent decline in oil prices persists, International Monetary Fund chief Christine...

Fifth of eurozone banks 'fail ECB health check'

Some 25 eurozone banks have failed a health check by the European Central Bank, reports claimed Saturday, citing leaked documents.

ECB faces test of its own as Europe braces for landmark banking review

After putting the euro zone's top 130 banks through their paces, the European Central Bank will...

Thailand promotes prawn industry to counter slavery row

Thailand went on a charm offensive in defence of its prawn industry this week, seeking to convince Europeans that it is responding to allegations of...

No easy retirement in South Korea

Out of work and out of pocket, South Korean retirees are struggling to force their way back into an unwelcoming job market in an effort to supplement...

Europe's bank test aims to strengthen economy

FRANKFURT, Germany (AP) — The European Central Bank on Sunday will reveal the results of a yearlong search through the books of Europe's 130...

Areva-Siemens raises claim to $4.4 billion over Finnish reactor delays

HELSINKI (Reuters) - The French‑German consortium Areva‑Siemens <AREVA. PA><SIEGn....

India's finance minister favors interest rate cut: paper

NEW DELHI (Reuters) - India's Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper...

Renault chief sees Europe auto market slowing in 2015

French carmaker Renault chairman, Carlos Ghosn, said Saturday that he expects slower growth in Europe's auto market next year as it continues to...

South Korea fund to abstain from Samsung merger vote, wants share buybacks

SEOUL (Reuters) - South Korea's National Pension Service does not support the merger of two...