Leading bankers seeking to quell a political backlash over their role in the financial crisis agreed with regulators on Saturday that new banking rules should be globally consistent.
A closed-door meeting of dozens of financial sector heavyweights (...)
A top European Union official said on Friday there was no risk that Greece would default or leave the euro zone and the country's finance minister said he was not aware of any bailout talks.
“No, Greece will not default. Please. In the euro area, (...)
World leaders in Davos, well aware of recent riots and spreading political discontent, vowed to do more to prevent the financial crisis causing deeper economic damage and making global poverty worse.
French Economy Minister Christine Lagarde warned (...)
Saudi Arabia is on track to implement its investment program this year as planned as falling raw material prices helps it cut costs, the head of the country's government investment agency has said.
Amr Al-Dabbagh, Governor of Saudi Arabian General (...)
Saudi Arabia is not in recession and the central bank will do what is necessary for the domestic economy, the governor of Saudi Arabian Monetary Agency (SAMA) said on Wednesday, adding he thought oil prices were already very low.
Speaking at the (...)
