The uncomfortable truth in China's property market
In defying four years of official cooling efforts, China's soaring house prices reveal an uncomfortable truth: government is one of the biggest obstacles to the success of taming the market.
EU, IMF coordinate on Ukraine as Russia threat looms
The European Union is in advanced discussions with the International Monetary Fund on providing standby financing to Ukraine should the country come under economic pressure from Russia later this year, senior EU officials have told Reuters.
Iraqi tribes say Lukoil project must fuel better life
Sheikh Mansour Hamid al-Imara clutches his prayer beads and watches a huge new oil facility nearing completion across the road from his village, hoping that Russian operator Lukoil will offer his poor tribesmen a better way of life.
European banks pay heavy price for scandals
Four European banks paid a heavy price on Tuesday in a clean-up of the financial industry, with Rabobank fined $1 billion and three other major lenders preparing for possibly huge legal costs after a string of scandals.
Risking Russia's ire, Georgia seeks closer ties with Europe
Georgia's new president said on Monday he would press ahead with efforts to deepen the former Soviet republic's ties with the West despite Russian concerns.
EU makes new bid to reach deal on Ukraine's jailed Tymoshenko
European Union mediators were to resume a push on Tuesday aimed at securing the release of Ukrainian opposition leader Yulia Tymoshenko, with EU politicians warning that time is running out for the signing of a landmark trade agreement next month.
China to hold key economic reform meeting Nov 9 to Nov 12
China's leaders will hold a key meeting to discuss deepening financial reforms between November 9 and November 12, the official Xinhua news agency said, as the ruling Communist Party looks to set its economic agenda for the next decade.
EU lawmakers seek to block U.S. financial spying
The European Parliament called on Wednesday for U.S. access to a global financial database in Belgium to be suspended due to concerns that the United States is snooping on the European Union, not just combating terrorism.
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