The China-led Asian Infrastructure Investment Bank (AIIB) will be lean, clean and green, its interim chief said, playing down concerns over transparency and standards governing the institution.
Sectors
United States loses sparkle as Europe shows signs of hope
Investors will cast a wary eye on the latest gauges of the United States' economic health this week, while troubled Europe shows early signs of turning the corner.
German economy minister plays down boost from EU-U.S. trade deal: magazine
Germany's economy minister warned on Saturday against overblowing expectations for an economic boost from a trade deal between the United States and European Union but said the pact was needed to set high common standards for consumers.
Euro zone officials shocked by Greece's stance: Germany's FAS paper
Euro zone officials were shocked at Greece's failure to outline plans for structural reforms at last week's talks in Brussels, a German newspaper on Saturday cited participants as saying, adding the Greek representative behaved like a "taxi driver"
Greece may have blown best hope of debt deal
Even if it survives the next three months teetering on the brink of bankruptcy, Greece may have blown its best chance of a long-term debt deal by alienating its euro zone partners when it most needed their support.
Latest News
Apple Inc has approached more than a dozen musicians, including British band Florence and the Machine, in an effort to sign exclusive deals for some of their music to be streamed on Beats, Bloomberg reported, citing people familiar with the matter.
The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc (BP.L) oil spill in the Gulf of Mexico, the New York Times reported on Friday, citing Obama administration officials.
Italian Prime Minister Matteo Renzi said on Friday he will consider new measures to stimulate growth in the coming weeks after his government passed its three-year financial and economic planning document (DEF).
Federal Reserve official Jeffrey Lacker on Friday repeated his call for the central bank to consider hiking interest rates in June, and said there was no shame in adjusting them lower again if economic data demanded it.
Customers preordering Apple Inc's smartwatch on Friday will have to wait at least a month for delivery, an early sign of strong demand for company chief Tim Cook's first new major product.
When it opened in 1963, Ghana's oil refinery symbolized pride and hope for the first African country to escape colonial rule. Now the plant stands idle in a sign of the economic shadow that has crept over one of the continent's brightest stars.
Ukraine's Naftogaz [NAFTO.UL] Chief Executive Andriy Kobolev will seek rapid progress on a deal to secure gas from Russia for the next 12 months in talks brokered by the European Commission in Berlin next week.
U.S. auto maker Ford Motor Co (F.N) will take control of its Russian venture with Sollers (SVAV.MM) and provide it with additional financial support, the Russian firm said on Friday.
Discussions on a takeover by Intel Corp of smaller chip maker Altera Corp have ended as the companies were unable to agree on price, a person familiar with the matter said, but Altera shares rose, suggesting it is still a potential target.
