ECONOMY

Former Unicredit chief and officials allegedly avoided tax through use of complex financial instrument, 'Brontos'.

Shock plea for recapitalisation of Spanish banks to drag country out of difficulty shake markets.

Regeneration Project ratings especially high for economic benefits of protecting environment.

Australia's economy grew 1.3 percent in the first quarter of the year and recorded a 4.3 percent year-on-year growth.

Hong Kong has replaced the United States for being the most competitive economy in the world in 2012 for two years in a row, while three European countries have been ranked in the top ten slots.

Qantas forecasts a slide in its annual profits due to a weak travel demand in its overseas routes and high fuel costs.

Emergency G7 talks on eurozone crisis gives a ray of hope for global markets.

Spain's fate in the euro area would top the agenda of discussions at the G7 emergency conference call.

Most of the US states have extreme inequality in the incomes of the rich and the poor and all 50 states of the country have higher income inequality than most of the developed nations.

UK oil major was approached by a Russian government owned oil and gas group to sell its 50 percent stake in Russian joint-venture TNK-BP, according to a source cited by Reuters

Société Générale special report delivers damning scenario of what would happen if Greece exits the Euro

Output in the UK manufacturing sector plunges to 3-year low, further reflecting the recession and the dire position of the country's economy.

BP tops FTSE 100 after oil major says it may sell its 50 percent stake in Russian joint-venture TNK-BP

Asia follows worst May since 2008 with further declines as China data disappoints and US adds fewest jobs in a year

Political and financial officials seek clear vision and policy action from Europe's leaders to save the single currency.

The credit ratings agency hits back at Italian government led market abuse probe, following S&P’s downgrade of the country

Ireland casts votes on whether to ratify strict EU fiscal compact treaty that sets new rules on budget deficit targets.

Indian GDP shows no signs of slowing, after only expanding 5.3 percent

UK house prices rose at a slightly better rate than predicted in May, according to Nationwide, and look set to remain stable.

As one of the rock stars of the emerging market countries, economists are thinking India's halo is beginning to look a touch tarnished right now after its first quarter GDP figures came out today.

Asian shares limp through worst May in three years as European malaise infects global financial markets

Bank of England data shows that the number of mortgages to individuals has hit its highest since January, beating analysts' forecasts.

Japan's Securities and Exchange Surveillance Commission reported to start formal investigation into insider trading allegations weeks after "London Whale" debacle

IBTimes Business Editor Martin Baccardax squares off against Business reporter Shane Croucher over Coalition U-Turn on hot-snack tax

Italy's poor bond sale has pressured European debt markets further while Spain drifts to 7 percent "bailout trigger"

At least 70 university heads have told the government that student visa changes will hurt the UK's economy badly.

Oil giant hit by US investigation into employee claims about Gulf of Mexico oil spill, while TNK-BP is dealt another blow

Alex Salmond, Scottish first minister and leader of the SNP, says Scotland will keep sterling if it gains independence - but there are a number of problems.

Brian Parkin writing for Bloomberg on 24 May 2012, highlighted how Germany's sharp fall in jobless figures over the past few years is not only saving the nation a fortune but enhancing Chancellor Angela Merkel's reputation as a very safe pair of hands. He could have added "and defender of Germany's interests in an increasingly hostile European Union."