The euro faced fresh pressure in Asian trade on Monday after German Chancellor Angela Merkel failed to form a government at the weekend, fuelling uncertainty in Europe's biggest economy.

An EU 2018 budget deal was announced Saturday that cuts funds destined to Turkey, citing doubts about Ankara's commitment to democracy and human rights.

German automaker Volkswagen on Friday said it planned to invest more than 34 billion euros ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars.

Moody's on Friday upgraded India's credit rating for the first time in more than a decade, citing economic reforms introduced under Prime Minister Narendra Modi.

Cyprus has smashed its record for annual tourist arrivals with two months to spare, with the total reaching 3.4 million at the end of October, official figures showed on Friday.

President Recep Tayyip Erdogan on Friday lashed out at Turkey's central bank over its refusal to cut interest rates, prompting new losses for the embattled Turkish lira against the dollar.

China has set new rules to curb risks at its policy banks, stepping up oversight of the country's financial system as Beijing looks to avert a feared debt crisis in the world's number two economy.

For the first time, the China Banking Regulatory Commission (CBRC) will impose specific rules designed in part to reduce financial risk at three banks tasked with funding Beijing's pet projects and supporting Chinese companies abroad.

Palestinians in Gaza desperately waiting for a reconciliation agreement to improve their lives haven't seen much change yet -- but at least cigarettes are cheaper.

Under the deal agreed last month, Islamist movement Hamas is supposed to return control of the Gaza Strip, which it has ruled for a decade, to the Palestinian Authority by December 1.

Greece on Wednesday offered to exchange some 30 billion euros ($35 billion) in bonds in a new market test for the country seeking to emerge from its latest bailout.

Venezuela is set on Wednesday to sign a debt restructuring deal with Russia, one of its main creditors and a strategic ally during a crisis that has seen Caracas declared in partial default.