Finance & Economics

European ministers grant loan to Spain

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Spain to seek Eurozone aid for ailing banking system

Spain will ask for European financial aid for its ailing banking system, the country's finance minister has confirmed.

EU to Lend Spanish Banks $125 Billion

Eurozone finance ministers have agreed to lend Spain up to $125 billion to shore up its failing banks.

Olympus embarks on restructuring, reaches 10mn pounds settlement with Woodford

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First New York Securities fined $185,350 by regulator in Japan

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Spain's credit rating cut three notches

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In-store bank planned by Marks and Spencer to check dip in sales

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Britain's Rolls-Royce to take control of Aero Engine Control after purchasing JV partner's stake

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European Officials: Spain Nearing Bailout Request

European officials say Spain is poised to seek billions of dollars in bailout money from other countries in the euro currency bloc to rescue its distressed banks.

Bernanke calls for decisive Congress steps to revive economy

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Federal Reserve Board Chairman Ben Bernanke Thursday told Congress that the Fed alone can't put Americans back to...