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EU faces tough talks on bank sector reform, bailouts EU faces tough talks on bank sector reform, bailouts Eurozone finance ministers meet Thursday amid sharp differences over banking sector reforms -- trying to resolve whether taxpayers or creditors pay for future bailouts.
Fed may begin cutting stimulus program later this year: Bernanke Fed may begin cutting stimulus program later this year: Bernanke Bernanke said that if growth continues to pick up pace, the Fed could begin reeling in the $85 billion-a-month in bond purchases sometime later this year.
Asian markets tumble as Fed eyes end to stimulus Asian markets tumble as Fed eyes end to stimulus Asian markets suffered a sell-off Thursday, following heavy losses on Wall Street, after the Federal Reserve indicated it would start easing back on its multi-billion-dollar stimulus drive this year.
Obama warns against `losing` jobless generation Obama warns against `losing` jobless generation Obama told a joint news conference with Merkel -- who with other European leaders is racing to tackle high youth unemployment in some EU countries -- that the goal of making the "lives of people better" must be kept in sight.
IMF says Spanish recession `may end soon` IMF says Spanish recession `may end soon` Spain`s economy, still reeling from a 2008 property market crash, fell into a double-dip recession in 2011 and the unemployment rate has since soared to more than 27 percent.
JAL starts compensation talks with Boeing over 787 JAL starts compensation talks with Boeing over 787 "Japan Airlines has been discussing with Boeing for compensation regarding the 787 grounding," a spokesman said in a statement.
Indian-origin realty broker fined one million pounds in UK Indian-origin realty broker fined one million pounds in UK Birmingham-based Gurpreet Singh Chadda, who was doing business of sale and rent-back of homes through Red2Black Homes and B&L Homes, has also been banned from working in the British financial services industry, besides a fine of 945,277 pounds (nearly Rs nine crore), the FCA said.
Japan registers 993.9 billion yen trade deficit Japan registers 993.9 billion yen trade deficit Exports increased 10.1 percent from a year earlier, while imports rose 10 percent.
IMF downgrades Russian economy outlook IMF downgrades Russian economy outlook The International Monetary Fund (IMF) has lowered its forecast of Russian GDP growth in 2013 from 3.4 percent to 2.5 percent, head of the IMF mission said.
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