Cyberattacks Seem Meant to Destroy, Not Just Disrupt

American Express customers trying to gain access to their online accounts Thursday were met with blank screens or an ominous ancient type face.

IMF 'has confidence' in Christine Lagarde

The International Monetary Fund (IMF) has said it continues to have "confidence" in its managing director Christine Lagarde.

EU to monitor Cyprus capital controls closely Story Comments

BRUSSELS: The European Commission said Thursday that it will closely monitor capital controls introduced by Cyprus as the newly-bailed out country prepares to re-open its banks after nearly two weeks.

Bank of England tells banks to raise £25bn

Major UK banks must raise a total of £25bn in extra capital by the end of 2013 to guard against potential losses, the Bank of England (BoE) has said.

China misses out on global stocks rally

Worries over attempts to contain runaway housing prices and the pace of growth in the world's second biggest economy have left benchmark indices lagging other exchanges.

US urges EU action to overcome Iran sanctions court appeals

BRUSSELS: The United States is concerned Iranian appeals to European courts could loosen sanctions against Tehran, said a State Department official on Monday who urged the EU to urgently find a way to allow judges to examine secret intelligence evidence.

Emerging nations risk Cyprus contagion: World Bank

BEIJING: Developing nations must be ready for a financial market selloff if the Cypriot banking sector collapses, World Bank Managing Director Sri Mulyani Indrawati said on Sunday, urging a swift resolution to the crisis in Cyprus.