World

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.