An appreciation of 20 percent in China's currency would cause widespread bankruptcies in China's export sector, where firms operate on thin margins, Chinese Premier Wen Jiabao said on Wednesday. "The conditions for
Investors in euro zone sovereign debt will have to share some of the burden of coping with any future crises affecting the European single currency, German Finance Minister Wolfgang Schaeuble said on
French trade unions launched the second 24-hour strike in a month on Thursday against President Nicolas Sarkozy's unpopular pension reform, seeking to force his government to go back on plans to end
Britain's top shares fell on Wednesday, led by banks as worries over the economic recovery in the U.S. and lack of action taken by the Federal Reserve hit sentiment, offsetting gains in
Container shipping company Hapag-Lloyd is set to seal its debt restructuring through a high yield bond, paving the way for German travel firm TUI AG to exit the business. Hapag-Lloyd, the world's
Moody's Investors Service has changed the outlook for the French banking system to stable from negative, as the structural characteristics of the country's banks have contributed to their resilience during the crisis
Brilliant but blunt-spoken White House economic adviser Larry Summers said on Tuesday he will leave his job, marking a major staff shake-up for President Barack Obama as he faces growing pressure to
Chinese Premier Wen Jiabao threatened more retaliation against Japan unless it releases a trawler captain whom Tokyo accuses of deliberately colliding with a Japanese coastguard ship near disputed islands. In the first
Oil rose past $75 on Wednesday, as a weaker dollar allowed it to shrug off an industry report showing surprise gains in U.S. inventories. The outlook for oil demand in the United
The dollar fell on Wednesday to its weakest level on the yen since Japan intervened last week, fuelling speculation of more intervention after the Federal Reserve raised expectations it would print more
