Credit ratings agency Moody's on Friday raised Greece's long-term issuer rating to "Caa2" from "Caa3" after eurozone governments extended a credit lifeline to the country.Full Story
President Emmanuel Macron met resistance on Friday from eastern European leaders over his plans to protect France from cheap labor as one berated his sometimes "offensive" stance.Full Story
A highly-controversial UK government deal for the new Hinkley Point nuclear power plant will cost British energy consumers billions more pounds than forecast, the country's National Audit Office said Friday.Full Story
The largest US banks would withstand a severe recession and still be able to lend to American households and businesses, the Federal Reserve announced Thursday.Full Story
Kuwait's oil minister said Thursday that OPEC and independent producers have exceeded their targeted oil output cuts, but without stemming a decline in commodity prices.
"The commitments to production cuts in May reached 106 percent, the highest percentage since the start of output reductions in January," said Essam al-Marzouk, who heads a joint ministerial committee overseeing adherence to the cuts.Full Story
Iranian carriers Iran Airtour and Zagros Airlines have agreed to buy a combined 73 planes from Airbus, the European aircraft maker said on Thursday at the Paris Air Show.
Following the end of international sanctions over Tehran's nuclear programme, Iranian airlines are back in the market, seeking to upgrade their ageing fleets and expand their networks.Full Story
Asian markets mostly rebounded Thursday from the previous day's sell-off but energy firms struggled to recover after another plunge in oil prices as glut fears return.Full Story
Iran has begun exporting gas through a pipeline to Baghdad under a deal set to make Iraq the Islamic republic's top customer, the oil ministry said.Full Story
European tax planners who help rich clients, including sports stars, evade the tax man will risk hefty fines, according to EU plans unveiled on Wednesday.Full Story