Cracks are emerging in Germany's once rock-solid economy as companies' reluctance to invest bears out Mario Draghi's warning that the euro-area recovery is in danger.
BEIJING - Foreigners who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public offering will need to get comfortable with an unusual business structure.
The prospect of the first ever default in China's rapidly expanding shadow banking sector sent shockwaves through financial markets this year.
Barclays said on Sunday it had agreed to sell its retail and corporate banking business in Spain to CaixaBank for 800 million euros, or $1.05 billion, the latest development in the British bank's plan to streamline itself by selling noncore businesses.
ZURICH/NEW DELHI: As India steps up its pressure on Switzerland in its black money pursuit, foreign clients' funds worth 350 billion Swiss francs (nearly Rs 25 lakh crore) have left Swiss banks in the past six years.