World

EU, Japan hail free trade deal: "A message to the world"

The leaders of the European Union and Japan are lauding their agreement in principle on free trade between the economic juggernauts as the best antidote against the protectionism seen to be promoted by the United States.

China trade with North Korea up but imports off

China's total trade with North Korea has risen despite Beijing's promise to enforce U.N. sanctions over its nuclear program, but Chinese purchases of North Korean goods have fallen sharply.

EU, Japan have 'agreement in principle' on free trade deal

The European Union and Japan have reached an "agreement in principle" on a free trade deal that will affect an overwhelming majority of commerce between the two economic giants and will be officially endorsed at a summit of their leaders Thursday.

Italy to nationalize bank, shed $32.5B in bad loans

Troubled Italian bank Monte dei Paschi di Siena's relaunch plan includes the disposal of 28.6 billion euros ($32.5 billion) in bad loans, key to the European Commission's approved plan for the Italian government to take temporary control of the bank.

Eurozone growth 'higher than previously thought'

A closely watched survey shows that economic growth across the 19-country eurozone was even higher than previously thought during June, more evidence of growing momentum in the single currency bloc.