Japan, EU press ahead on free trade pact to counter U.S. protectionism
TOKYO (Reuters) - Japanese and European Union negotiators meeting in Tokyo aim to reach a free trade deal that would stand against a protectionist tide threatening the global economy, and make the United States think twice over pursuing inward-looking policies.
Fed's Yellen expects no new financial crisis in 'our lifetimes'
LONDON (Reuters) - U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash.
Euro, bond yields drive higher on ECB scale-back bets
LONDON (Reuters) - The euro hit a 1-year high on Wednesday and German 10-year Bund yields continued to rise after doubling the previous day, as bets grew that the European Central Bank is readying to scale back its 2-trillion-euro stimulus programme.
Second major cyber attack in two months disrupts businesses around world
FRANKFURT/MOSCOW (Reuters) - A major cyber attack, believed to have first struck Ukraine, caused havoc around the world on Wednesday, crippling computers or halting operations at port operator Maersk, a Cadbury chocolate plant in Australia and the property arm of French bank BNP Paribas.
China to further relax curbs on foreign investment
BEIJING (Reuters) - China on Wednesday removed the number of restricted items for foreign investment by about a third, allowing more access into its services, manufacturing and mining sectors.
U.S. stance on Basel bank rules worrisome: ECB
FRANKFURT (Reuters) - U.S. proposals to change and delay the implementation of global banking rules are worrisome and may pose a risk to financial stability, European Central Bank Executive Board member Sabine Lautenschlaeger said on Wednesday.
Exclusive: China's CNPC suspends fuel sales to North Korea as risks mount - sources
BEIJING (Reuters) - China National Petroleum Corp has suspended sales of fuel to North Korea over concerns the state-owned oil company won't get paid, as pressure mounts on Pyongyang to rein in its nuclear and missile programmes, three sources told Reuters.���
Post-Draghi surge drives euro to one-year high
LONDON (Reuters) - The euro surged to a one-year high on Wednesday, adding to its biggest daily gain in more than a year a day earlier after a change in tone by European Central Bank President Mario Draghi.
Puerto Rico oversight board rejects $9 billion debt restructuring deal: WSJ
(Reuters) - The federal board overseeing Puerto Rico's finances disapproved a $9 billion debt restructuring deal covering the bankrupt U.S. territory's public power monopoly, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.
China-Pakistan corridor going smoothly despite challenges: minister
DALIAN, China (Reuters) - Pakistan has been smoothly implementing an ambitious plan to build an economic corridor with China, despite experiencing some challenges, Planning Minister Ahsan Iqbal said on Wednesday.