Asian stocks clawed back some of this week's losses on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge.
Tags: Europe
Hope and obstacles as Russia and Ukraine seek gas deal
A tentative agreement between the Ukrainian and Russian presidents has raised hopes of ending a dispute in which Moscow has halted natural gas supplies to Kiev, but several obstacles still have be overcome.
Credibility meets compromise in Europe's bank stress test
When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis.
Lufthansa cancels flights due to pilots strike; train stoppage strands millions
German airline Lufthansa (LHAG.DE) canceled 1,450 flights after a pilots union called for a strike on Monday and Tuesday, adding to travelers' misery after millions were left stranded by a weekend-long train drivers' stoppage.
As IPO markets stumble, private equity buyers prepare to swoop
Across Europe, companies hoping to list are having their plans dashed by plunging equity prices. But what's bad for public stock markets may be good for private equity firms.
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Japan's Dai-ichi Life Insurance Co Ltd (8750.T) will raise $1 billion by issuing dollar-denominated subordinated bonds in overseas markets, a source with direct knowledge of the matter said on Wednesday.
Asian stocks were cautiously up on Wednesday as benign inflation data in China and more gloom in the euro zone economy lent credence to fears of a faltering global economic recovery.
A Chinese drugmaker with close military ties is seeking fast-track approval for a drug that it says can cure Ebola, as China joins the race to help treat a deadly outbreak of a disease that has spread from Africa to the United States and Europe.
The German and French economy ministers have asked experts in Berlin and Paris to come up with reform recommendations for both countries in an apparent attempt to avert a full-blown clash between the euro zone heavyweights over economic policy.
Tunisia lost about a third of its French tourist bookings to cancellation shortly after the beheading last month of a French traveler by Islamist militants in neighboring Algeria, the country's tourism minister said on Monday.
Policymakers scrambling to keep the world economy from settling into the "new mediocre" of sluggish growth can no longer rely on global trade to do the heavy lifting.
Federal Reserve officials on Saturday took stock of a slowdown in the global economy and said it could delay an increase in U.S. interest rates if serious enough.
The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although Germany poured cold water on the idea of a new global "crisis."
Ireland is set to announce legal changes next week to phase out the "Double Irish" tax arrangement that has let firms such as Google (GOOGL.O) save billions of dollars, two sources familiar with the matter said.
