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  • A new 20 Euro banknote is presented at the Austrian national bank in Vienna
    Euro zone rebuffs Spanish talk of new Greek bailout Reuters - 2 hours 44 minutes ago

    By Andrés González and Philip Blenkinsop BARCELONA/BRUSSELS (Reuters) - Germany and the European Commission slapped down talk of a third financial rescue for Greece as premature, after Spain once again …

    A new 20 Euro banknote is presented at the Austrian national bank in Vienna

    By Andrés González and Philip Blenkinsop BARCELONA/BRUSSELS (Reuters) - Germany and the European Commission slapped down talk of a third financial rescue for Greece as premature, after Spain once again suggested on Wednesday that a new aid package for Athens was almost inevitable. Athens, which says it does not need a …

  • Retail sales in eurozone rise at fastest since May 2013, in latest sign of economic strength The Canadian Press - 6 hours ago

    LONDON - The 19-country eurozone's economy is kicking into a higher gear thanks to falling oil prices and the lower euro, but the recovery is still far short of that experienced by the U.S.

    A frayed EU flag flutters atop the Greek Ministry of Finance in central Athens

    LONDON - The 19-country eurozone's economy is kicking into a higher gear thanks to falling oil prices and the lower euro, but the recovery is still far short of that experienced by the U.S.

  • Cheap oil, lower interest rates are brightening outlook for global economy The Canadian Press - 6 hours ago

    WASHINGTON - From the United States to Asia to Europe, a global economy that many had feared was faltering appears poised for a resurgence on the strength of cheap oil and falling interest rates.

    Oil pump jacks are seen next to a strawberry field in Oxnard

    WASHINGTON - From the United States to Asia to Europe, a global economy that many had feared was faltering appears poised for a resurgence on the strength of cheap oil and falling interest rates.

  • After year of disasters, Malaysia Airlines faces crunch time as new CEO arrives for overhaul The Canadian Press - 11 hours ago

    KUALA LUMPUR, Malaysia - After a year of calamity, Malaysia Airlines is shrinking to survive.

    After year of disasters, Malaysia Airlines faces crunch time as new CEO arrives for overhaul

    KUALA LUMPUR, Malaysia - After a year of calamity, Malaysia Airlines is shrinking to survive.

  • Toyota promotes foreigners, including first woman, to top posts Reuters - 11 hours ago

    By Chang-Ran Kim TOKYO (Reuters) - Toyota Motor Corp on Wednesday promoted more foreigners to senior posts, including the first woman and first African-American to hold executive titles, diversifying …

    A Toyota Auris Hybrid Touring Sports car is pictured ahead of the 85th International Motor Show in Geneva

    By Chang-Ran Kim TOKYO (Reuters) - Toyota Motor Corp on Wednesday promoted more foreigners to senior posts, including the first woman and first African-American to hold executive titles, diversifying a management team long dominated by Japanese men. The world's biggest automaker appointed Europe chief Didier Leroy to …

  • Low inflation allows India's central bank to cut lending rate, support efforts to boost growth The Canadian Press - 14 hours ago

    NEW DELHI - India's central bank on Wednesday unexpectedly cut a key interest rate by a quarter percentage point, the second such reduction this year as the bank lends support to government efforts …

    The Reserve Bank of India (RBI) Governor Raghuram Rajan speaks during a news conference, after the bi-monthly monetary policy review, in Mumbai

    NEW DELHI - India's central bank on Wednesday unexpectedly cut a key interest rate by a quarter percentage point, the second such reduction this year as the bank lends support to government efforts to ...

  • Australia economy finds spark of life in consumer spending Reuters - 18 hours ago

    Australia's economy grew moderately last quarter as a strong trade performance and the largest rise in consumer spending in almost three years helped offset softness elsewhere. Wednesday's data showed …

    A Westralian Engineering Services worker uses a grinder in one of the company's workshops near Perth

    Australia's economy grew moderately last quarter as a strong trade performance and the largest rise in consumer spending in almost three years helped offset softness elsewhere. Wednesday's data showed gross domestic product (GDP) expanded by 0.5 percent in the fourth quarter, compared to the previous quarter when it rose …

  • European Banking Authority will not run stress tests in 2015 Reuters - Tue, 3 Mar, 2015 11:25 AM EST

    By Stephen Jewkes MILAN (Reuters) - The European Banking Authority (EBA) will not this year run stress tests to gauge whether European banks have sufficient core capital to withstand shocks to the system, …

    Enria attends a policy dialogue at the Asian Financial Forum in Hong Kong

    By Stephen Jewkes MILAN (Reuters) - The European Banking Authority (EBA) will not this year run stress tests to gauge whether European banks have sufficient core capital to withstand shocks to the system, it said on Tuesday. "Instead of a stress test, in 2015 EBA will be running a transparency exercise in line with the …

  • Barclays will cut investment bank again if performance doesn't improve Reuters - Tue, 3 Mar, 2015 10:41 AM EST

    Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a 750 million pounds charge by the British bank provided fresh evidence of the costs of past misdemeanours …

    A man passes automated teller machines at a Barclays bank branch in London

    Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a 750 million pounds charge by the British bank provided fresh evidence of the costs of past misdemeanours by its traders. Barclays last year cut costs, improved its capital strength and shed unwanted assets, which Jenkins …

  • Mixed messages on third Greek bailout talks Reuters - Tue, 3 Mar, 2015 12:17 AM EST

    MADRID/ATHENS (Reuters) - Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no …

    Greek national flags are displayed for sale at the entrance of a one Euro shop in Athens

    MADRID/ATHENS (Reuters) - Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no such talks. Speaking at an event in Pamplona, northern Spain, Economy Minister Luis de Guindos said the new rescue plan …