
World Bank has reiterated its view that the Chinese government should allow the Yuan to strengthen against other international currencies. The bank also forecasted the Chinese economy would grow 9.5% in 2010 and 8.5% in 2011.

EU president Herman Van Rompuy blamed the past strength of the European single currency for making the Euro zone unaware of its fiscal problems, in an interview with the Financial Times.

Spanish president Jose Luis Rodriguez Zapatero recommended British PM David Cameron to implement all economic reforms “swiftly, with no delay” and the widest ranging possible.

One of China's most influential newspapers, the official People's Daily, has called for workers' incomes to be raised. The paper says wages need to rise to protect stability and transform society.

Spanish banking giant Banco Santander SA (STD) had one of the best results from the stress tests conducted by the Committee of European Banking Supervisors, a spokesman for Spanish Prime Minister Jose Luis Rodriguez Zapatero said Thursday.

Swiss lawmakers approved Thursday a UBS tax treaty with the US, ending a two-year legal battle that threatened the American business of Switzerland’s largest bank. The vote removed the threat of further civil litigation against UBS and additional fallout under US criminal law.

Church leaders in Northern Ireland have launched a bitter attack on the ‘shocking’ lending polices of some banks, claiming they are putting ‘decent’ businesses and people at risk.

The International Monetary Fund welcomed the results of a Spanish bond auction and said decisions by Spain and Germany to publish results of stress tests on banks will boost financial market confidence.

The Spanish government Wednesday approved a reform to make the labour market more flexible, amid growing international concern over the stability of the country's economy.

A Scotch whisky matured for more than six decades sold for 25,200 pounds ($37,245) at an Edinburgh auction Wednesday as collectors vied for rare malts.