Investors were not listening hard enough to Mario Draghi's recent speech at Jackson Hole. If they were, they would have heard the sound of gears shifting.
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.
CaixaBank SA (CABK), Spain's third-biggest bank, agreed to buy banking operations in the country from Barclays Plc (BARC) for about 800 million euros ($1.1 billion) in cash to expand its business as economic growth picks up.
Germany's economy contracted in the second quarter after a robust start to the year, the Federal Statistics Office, or Destatis, confirmed Monday, putting pressure on policy makers to move ahead with measures to boost the economy.