IMF's Christine Lagarde urges global action as G7 meet

Christine Lagarde: "Strong fiscal consolidation is essential to restore debt sustainability"  International Monetary Fund chief Christine...

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10:26 AM | 0 comments

Bank shares lead falls on US and European stock markets

Sharp falls in banking shares, notably in France, have led stock markets lower as concerns continue about the strength of the world economy. The US Dow Jones index ended 2.7% down, after a dismal showing in Europe, where Frankfurt's Dax fell 4% and...

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10:05 AM | 0 comments

Juergen Stark in surprise resignation from ECB

European Central Bank chief economist Juergen Stark has resigned amid speculation of conflicts within the ECB over its bond-buying programme. The...

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1:48 AM | 0 comments

G8 pledges $38bn to Arab states as IMF recognises Libya

Finance ministers from the G8 group of industrialised countries have pledged nearly $40bn (£25bn) to several Arab countries to help with reconstruction...

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1:39 AM | 0 comments

Greek PM vows cuts as protesters clash with police

Fires were started during the protests The Greek prime minister has vowed to press ahead with deep spending cuts, in his annual speech on the...

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1:35 AM | 0 comments

Cameron rejects Russia security call over Litvinenko

David Cameron: "The fact is the two governments don't agree on Litvinenko" David Cameron has rejected a call by Russia to restore links with...

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1:26 AM | 0 comments

Suzuki seeks end to Volkswagen alliance

Suzuki struck an engine deal with Italian carmaker Fiat in June for its cars built in Hungary Suzuki Motor is seeking an end to its partnership...

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1:17 AM | 0 comments