The European Commission released on Monday final deficit and debt data for eurozone and EU states that was in line with upward revisions announced in late March by key countries such as Spain and France.
The figures showed that Spain posted a 2012 deficit of 10.6 percent of gross domestic product (GDP), including the cost to the state of recapitalizing broken banks.

Swiss banks could adapt to a significant easing of their cherished secrecy practices, but only if global standards are created for information exchange to fight tax evasion, the head of the Swiss Bankers Association said in an interview published Sunday.
"Today, there is no global standard" for the automatic exchange of banking information, Patrick Odier told the NZZ am Sonntag weekly.

The International Monetary Fund and Egypt hope to conclude talks for a loan deal "in the coming weeks", they said in a joint statement Sunday.
The statement came after IMF Managing Director Christine Lagarde met an Egyptian delegation in Washington this weekend that included Central Bank of Egypt Governor Hisham Ramez and Finance Minister Al-Mursi Hegazy.

German flag carrier Lufthansa said that most of its domestic, European and long-haul flights would be cancelled on Monday due to strike action by ground personnel and cabin crews.
"Due to strike action announced for April 22, nearly all Lufthansa flights to German and European destinations must be cancelled," the airline announced in a statement on Saturday.

IMF Managing Director Christine Lagarde stepped up pressure Saturday on developed countries to both boost growth and undertake needed policy steps to put the crisis of five years ago firmly behind.
She said Europe, Japan and the United States had lagged on needed actions to restore global growth at a firm and sustainable pace.

Austrians disagree with their government over the need to maintain the country's banking secrecy, according to polls published Saturday which showed a majority in favor of lifting the controversial measure.
A Gallup poll for the daily Oesterreich found only 18 percent of Austrians wanted to maintain the strict banking secrecy policy.

Iran sees no need for an emergency meeting of the oil cartel OPEC over a recent drop in crude prices before the producers' annual session at the end of May, Oil Minister Rostam Qasemi said Saturday.
"No extraordinary meeting is needed as the May 31 meeting is coming up, and the price of oil had not gone below 100 dollars per barrel for a long time," Qasemi told reporters on the sidelines of an oil and gas trade fair in Tehran.

The Group of 20 economic powers pledged "ambitious" steps Friday to spur growth and job creation to get the crisis-scarred global economy back on track.
After talks in Washington that a U.S. official said focused much on the stagnation in Europe, the financial leaders of the world's biggest economies said the major crises had been overcome but growth was "too weak" and unemployment "too high."

The closure of the Kaesong joint-industrial zone has begun to hit deals between South Korean manufacturers and foreign buyers, Yonhap reported Saturday.
An Indian company has scrapped a deal with South Korean auto parts maker Daewha Fuel Pump Industrial Ltd after it failed to deliver parts because of the suspension of operations, the agency said.

The International Monetary Fund (IMF) late Friday reached a framework agreement with Tunisia on a two-year, $1.75 billion standby loan deal.
The agreement, which awaits final approval from the IMF board of directors, is aimed at helping the country's battered economy following the uprising that toppled a decades-old dictatorship in January 2011 and ignited the Arab Spring.
