NEW DELHI/MUMBAI India approved a proposal on Wednesday to set up a ministerial panel to speed up consolidation of state-run banks as part of its efforts to revive credit and economic growth.
BERLIN German Finance Minister Wolfgang Schaeuble wants to reform the euro zone's bailout fund so that it can play a stronger role in preventing crises in the single currency bloc, a spokeswoman said on Wednesday.
LONDON British employers' willingness to hire and invest has fallen to its lowest since last year's vote to leave the European Union, a survey by the recruitment industry showed on Wednesday.
WASHINGTON Congressional Republicans, seeking to address the complaints of small businesses, are floating changes to their controversial proposal to eliminate business tax deductions for debt interest payments, business lobbyists said on Tuesday.
Millennials priced out of London's traditional housing market are opting to rent tiny apartments in so-called "co-living" developments, a fast-growing area that private investors and venture capital are eager to tap into. | Video
WASHINGTON All of the Federal Reserve's 12 regional banks wanted to hold steady the rate commercial banks are charged for emergency loans ahead of the U.S central bank's last policy meeting, minutes from a discussion of the discount rate showed on Tuesday.
WASHINGTON U.S. bank regulators proposed on Tuesday holding off on implementing stricter capital rules for smaller banks while the agencies review ways to simplify requirements for less complex institutions.
ISLAMABAD Pakistan plans to raise between $500 million to $1 billion in debt via an Islamic sukuk bond or a Eurobond later this year, two government sources told Reuters, amid growing concerns about the country's dwindling foreign currency reserves.
FRANKFURT The European Central Bank's ultra-easy monetary policy may actually reduce income inequality in Europe, ECB Vice President Vitor Constancio said on Tuesday, rejecting the argument that asset buys disproportionately benefit the wealthy.
NEW DELHI India's central cabinet has approved a mechanism to oversee consolidation in the state-run banking sector, Finance Minister Arun Jaitley said on Wednesday.
FRANKFURT/BERLIN Lufthansa has submitted a letter of interest in Air Berlin's Niki unit and other parts of the insolvent carrier, a source familiar with the talks said on Wednesday.