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Survey: German Consumer Confidence Rises Again

Consumer confidence in Germany is still on the rise as households feel optimistic about their income expectations, a new poll found on Wednesday.

"Consumers remain optimistic," market research company GfK said in a statement.

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Billionaire Boom for Asia: Chinese Survey

Asia experienced a billionaire boom last year, with more than 200 people from the continent seeing their net worth pass into 10 figures, a Chinese publisher said Tuesday.

A total of 824 Asians were included among the 1,867 people named as dollar billionaires on the Hurun Report's global rich list.

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Germany's Public Finances in Black as Recovery Continues

Germany, Europe's biggest economy, clocked up a small surplus in its public finances in 2013, as growth picked up at the end of the year, official data showed on Tuesday.

"According to Destatis's latest calculations, the federal state's financing surplus amounted to 0.3 billion euros ($0.4 billion) in 2013," the federal statistics office Destatis said in a statement.

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Turkey's Credit Card Crackdown Irks Consumers

With the Turkish government already facing protests over its clampdown on Internet sites and the media, new credit card restrictions are now adding shoppers and retailers to the list of angry citizens.

Turkey's banking regulator introduced new rules earlier this month to clamp down on the use of widely used credit card installment plans, in a bid to stem spending on imports and rein in the ballooning current account deficit.

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Report: Qantas May Cut 5,000 Jobs

Struggling Australian carrier Qantas on Tuesday said it was committed to slashing costs by Aus$2 billion (U.S.$1.8 billion) but refused to confirm or deny a report that it will axe 5,000 jobs.

The airline has been battling record fuel costs and fierce competition from subsidized rivals and in December said 1,000 jobs would go while warning it faced a half-year loss of up to Aus$300 million.

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Moscow Warns of Import Duty Hike if Kiev Signs EU Pact

Russia's economy minister warned Ukraine in an interview on Monday that Moscow will raise import duties on its goods if Kiev signs a partnership agreement with the European Union.

"We say to Ukraine: you have the right to go your own way," Alexei Ulyukayev was quoted as telling German business daily Handelsblatt.

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HSBC Bank Says Annual Net Profit Jumps to $16.2 bn

Banking giant HSBC announced on Monday a 15.5-percent rise in annual net profit to U.S.$16.2 billion (11.8 billion euros).

The company's performance in 2013 compared with profit after tax of $14.03 billion in 2012.

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Minister: Ukraine Needs $35 Billion in Assistance from West

Ukraine said on Monday it will need $35 billion in urgent foreign assistance and asked Western donors to convene an international conference within two weeks to agree a financial rescue plan.

Interim finance minister Yuriy Kolobov said in a statement that the "planned volume of macroeconomic assistance for Ukraine may reach around $35 billion (25 billion euros)" by the end of next year

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Reports: Greek Banks Need Five Billion Euro Cash Injection

Greece's four top banks are expected to need an extra capital injection of about five billion euros, local media said Sunday as the country's international lenders prepared for a new audit of Greek finances.

The Bank of Greece is currently evaluating the restructuring plans of the country's four main lenders -- National Bank, Alpha Bank, Piraeus Bank and Eurobank -- before releasing stress test results that will show whether they can absorb possible future shocks from bad loans.

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Oil Rebounds after G20 Vows to Spur Global Growth

Oil prices rebounded in Asian trade Monday as the world's biggest economies vowed to spur global growth by more than $2 trillion over five years.

New York's main contract, West Texas Intermediate (WTI) for April delivery, gained 27 cents to $102.47 in afternoon trade, while Brent North Sea crude for April rose 19 cents to $110.04.

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