Government

Detroit

Detroit should be able to borrow after bankruptcy -consultant

Detroit should be able to access capital markets and borrow at a rate of around 5 percent after it exits bankruptcy, as long as its tax revenue remains stable, a city consultant said on Tuesday.

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Russian President Vladimir Putin

Russia warns Ukraine, EU over free-trade pact

Russia issued a new warning on Monday that it would retaliate if the European Union or Ukraine push ahead with moves to implement a free-trade agreement.

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American International Group Inc (AIG)

Six years after AIG bailout, trial asks: was it legal?

One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc (AIG.N) was, in fact, legal.

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Italy's Prime Minister Matteo Renzi

Italy PM Renzi attacks establishment resistance, vows to press on

Facing rumors that he could face pressure to quit, Italian Prime Minister Matteo Renzi hit back on Sunday against criticism from business leaders and dared his opponents to challenge him in parliament.

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The headquarters of the European Central Bank

While ECB struggles, Fed sees recovery

On one side of the Atlantic they're trying to refill the punchbowl. On the other they're getting ready to take it away. This week, investors may get a clearer idea why.

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The facade of the U.S. Federal Reserve building

Secret tapes of Fed meetings on Goldman prompt call for U.S. hearings

An influential U.S. senator wants to hold hearings into "disturbing" issues raised by secretly taped conversations between Federal Reserve supervisors and officials at Goldman Sachs Group Inc (GS.N), a bank the Fed was tasked with policing.

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helicopter deal

India eyes Sikorsky helicopter, other big U.S. arms buys

In a boost to U.S. weapons makers looking for ways to offset lower domestic military spending, India is expected to choose Sikorsky Aircraft's S-70B Sea Hawk helicopters at a 16-aircraft tender worth over $1 billion.

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Mariano Rajoy

China, Spain to sign business deals worth $3.8 billion: official

China and Spain are set to sign business deals worth a total of about 3 billion euros ($3.8 billion) in Beijing this week, an official said, as Spanish Prime Minister Mariano Rajoy visits the Asian giant to drum up support for his country's economy.

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Natural Gas

EU plans for Iran gas imports if sanctions go

The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw while those with top gas supplier Russia grow chillier.

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China Car Factory

China September factory activity edges up on stronger orders but employment shrinks

Activity in China's manufacturing sector unexpectedly picked up in September even as factory employment slumped to a 5-1/2-year low, a survey showed on Tuesday, a potential source of worry for Communist leaders who prize social stability above all else.

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Jens Weidmann poses next to an euro logo

Bundesbank says German economy robust but cautions on August

Germany's economy remains robust, the country's central bank said on Monday, predicting a generally positive end to the year despite a slowdown so far.

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Japan's Prime Minister Shinzo Abe

Japan, China, South Korea agree to ensure geopolitical risks don't threaten recovery

Financial policymakers of Japan, China and South Korea agreed to work together to ensure that geopolitical tensions will not threaten the region's economic recovery.

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logo of Airbus Group

Germany pushes Airbus for cost cuts on A400Ms: paper

Germany's defense ministry is demanding price cuts and longer cancellation periods on the A400M military airlifters it has ordered from Airbus, but which will be delivered later and less equipped than planned, a newspaper reported on Sunday.

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G20 Finance Ministers and Central Bank Governors meeting

G20 says nearing growth goal, but more needed from Europe

The Group of 20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block.

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Chinese Premier Li Keqiang

China to stick to targeted easing in monetary policy: Premier

China will continue leading a prudent monetary policy with focus on targeted easing measures, Premier Li Keqiang said, according to a statement published on a central government website.

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