Tens of thousands of people joined a union-organized march in Rome Saturday, protesting against the new coalition government's austerity measures.
The metal workers union FIOM said the rally was to demand "the right to jobs, training and health care".Full Story
Slovenia on Saturday said it was confident its newly-adopted action plan would stabilize public finances and lead to an economic recovery, a day after international ratings agency Fitch downgraded the crisis-hit country by one notch.
"The consolidation of public finances will follow the objectives that have been clearly set. We will efficiently carry out all the necessary measures drawn in its stability and reform programs," Slovenia's finance ministry said in a statement in response to the downgrade.Full Story
Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.
Seattle-based Tableau Software Inc. provides software that helps businesses convert data into visual presentations.Full Story
India faces at least "a one-in-three" chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, in another blow to the scandal-tainted Congress government.
The announcement late Friday comes after finance ministry officials have been arguing for a ratings upgrade, saying the government has been taking strong steps to curb India's financial deficit and promote investment.Full Story
Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis — and who should be involved.
Officials say the International Monetary Fund, which has contributed financial expertise and billions in emergency loans, may no longer be needed as a key decision-making partner. And they say that the eurozone would be able to make decisions and take action more quickly if it wasn't bound by the need for unanimous agreement among its 17 member countries.Full Story
U.S. President Barack Obama said Thursday he had not known about abuses by tax officials who targeted conservative groups until a report into the affair was leaked to the press last week.
"I promise you this. The minute I found out about it, then my focus has been about making sure we get the thing fixed," Obama told reporters.Full Story
Qatar's sovereign wealth fund has bought a 40-percent stake in a new 290,000-square meter skyscraper project near the center of Milan with a commercial value of 2.0 billion euros ($2.6 billion), the companies said on Friday.
The project has already involved the construction of the skyscraper headquarters of Italy's biggest bank UniCredit by Argentine architect Cesar Pelli.Full Story
The International Monetary Fund on Thursday said it was sending a team to Spain next week in preparation for a new report on the country's banking sector reform.
The IMF staff team will start discussions Tuesday in Madrid with the authorities and private-sector representatives to produce the Fund's third independent monitoring report of Spain's banking sector, IMF spokeswoman Angela Gaviria said in a statement.Full Story
Moody's has raised Turkey's bond rating to investment grade, the rating agency said Thursday, citing improved economic and public finance measures and progress on reforms.
The government-bond ratings went up a notch to Baa3, the first step into investment grade, from Ba1, with outlook considered stable.Full Story
Japan's premier will Friday unveil the next stage of his plan to reboot the economy, reports said, as he seeks to capitalise on the feel-good mood of a soaraway stock market and a plunging yen.
Prime Minister Shinzo Abe is set to announce broadbrush outlines of the third of his "three arrows" of a plan dubbed "Abenomics", which is intended to turn around years of deflation in the world's third-largest economy.Full Story