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Weak European banks may get up to six months to bolster their balance sheets after a fresh round of stricter stress tests force them to face up to a fall in the

Most BRICS economies favour bolstering the capital base of the International Monetary Fund as a way to contribute to a financial rescue package for Greece, G20 sources told Reuters on Thursday. The

Slovakia finally ratified new powers for the euro zone's rescue fund on Thursday, the last country to do so, clearing the way for a bolder effort to arrest Europe's sovereign debt crisis,

Asian shares inched down on Friday, tracking New York and European shares lower as weak Chinese trade data raised concerns about the global economy, while the euro eased after another sovereign debt

Some European banks must be recapitalised, Eurogroup Chairman Jean-Claude Juncker told Deutschland Funk radio on Friday, adding intensive discussions on the subject would begin next Monday. Banks would need a tailored solution

British tax authority HMRC is contacting 6,000 holders of accounts with HSBC's Swiss bank to see if they have declared all income and gains to the taxman, offering a final opportunity to

Silvio Berlusconi finally seems close to being kicked out of power after an extraordinary 17-year political career but his demise, when it comes, will be a lot less surprising than how long

Italy was set on Thursday to test fragile investor confidence in the euro zone's ability to heal its debt problems, with a sale of bonds, while weaker Chinese trade data acted as

  A seven-seat space taxi backed by NASA to ferry astronauts to the International Space Station will make a high-altitude test flight next summer, officials said on Tuesday. Sierra Nevada Corp's "Dream