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Europe in $2.5trn pensions shortfall
European workers have put aside $2.5trn less than they need to fund their retirement, condemning many to a penurious old age unless they start saving more, British insurer Aviva sa... -
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EU to include commodities in new markets rules
The European Commission has said it intends to use a its plan to reform financial markets to rein in speculation on commodities markets, notably by reinforcing controls and extend ... -
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France takes dig at PE, hedge funds
In a week in which French president Nicolas Sarkozy defended his country’s treatment and exportation of a substantial number of dislocated Romas, the same government has stirred ... -
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Iran CB to open accounts at South Korean banks
Iran’s central bank has agreed to open won accounts at two South Korean state-owned banks to avert disruption in bilateral trade despite international sanctions, Seoul’s financ... -
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Potash working on China-led buyout to top BHP
Potash Corp is trying to stitch together a consortium led by China to back a management buyout to trump BHP Billiton’s $38.6bn hostile offer, according to the Globe and Mail. Pot... -
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Economic strength, political timetable behind yuan rise
At times like this, both can claim to have right on their side. The yuan’s rise against the dollar on September 14 to the highest level since it was revalued in July 2005 comes o... -
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German central banker in race row resigns
A German central bank board member who caused outrage with remarks about Muslim immigrants and Jews has resigned after coming under pressure from political leaders including Chance... -
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US trade gap narrows more than expected in July
The US trade deficit narrowed more than expected in July, as imports retreated and exports shot to their highest since August 2008, according to a government report that could lift... -
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Police beat customers at crisis-hit Afghan bank
Afghan security forces used batons on unruly customers scrambling to withdraw their savings from a branch of the graft-hit Kabulbank, the country’s biggest private financial inst... -
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Barroso says EU economic recovery gathering pace
Economic recovery is gathering pace in the European Union and growth this year will be higher than initially forecast, according to European Commission President Jose Manuel Barros...
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