Banks' rising bad loans add to Spanish troublesMADRID (Reuters) - Spanish bank bad loans rose in March to their highest in 18 years, figures from the Bank of Spain showed on Friday, underscoring the problems facing the government as it attempts to clean up the sector and get its economy back on track.
41 minutes ago - Share Investors brace for Facebook debut on Wall Street(Reuters) - Investors are bracing for Facebook's Wall Street debut on Friday after the world's No.1 online social network raised about $16 billion (10 billion pounds) in one of the biggest initial public offerings in U.S. history.
3 hours ago - Share EU, ECB working on Greece exit contingency - trade commissionerBRUSSELS (Reuters) - The European Commission and the European Central Bank are working on scenarios in case Greece has to leave the euro zone, EU trade commissioner Karel De Gucht has said.
53 minutes ago - Share Euro crisis is big threat to emerging Europe - EBRDLONDON (Reuters) - Lacklustre growth in emerging European economies could turn into recession if the euro zone crisis escalates, the European Bank for Reconstruction and Development said on Friday.
2 hours ago - Share Iran may seek "tactical gain" with U.N. nuclear dealVIENNA (Reuters) - Iran and the U.N. nuclear watchdog are making headway towards a framework deal on how to tackle concerns about its atomic activity, diplomats say, a potential bargaining chip for Tehran in next week's negotiations with world powers.
3 hours ago - Share Exclusive - Drugmakers weigh emergency supply plan for GreeceLONDON (Reuters) - International drugmakers are working with European authorities on emergency plans to keep medicines flowing into Greece if the country crashes out of the euro.
1 hour ago - Share Former editor says Murdoch sowed seeds of hacking scandalLONDON (Reuters) - Rupert Murdoch sowed the seeds of the phone hacking scandal that has tarnished his reputation by forcing Britain's most respected newspapers into "a Faustian bargain" with the powerful, a former editor of the Times newspaper said on Thursday.
7 hours ago - Share Taxpayers may lose 2 billion pounds on Northern Rock rescue - NAOLONDON (Reuters) - UK taxpayers could lose up to 2 billion pounds from the government's 2008 rescue of mortgage lender Northern Rock by the time all the assets are wound down, according to the country's spending watchdog.
5 hours ago - Share Cameron urges G8 action to stop euro zone crisis from spreadingWASHINGTON (Reuters) - British Prime Minister David Cameron will tell leaders of some of the world's biggest economies on Friday that they must work together to stop the economic crisis afflicting the euro zone from spreading worldwide.
5 hours ago - Share Exclusive - Myanmar's central bank aims for weaker currencyNAYPYITAW, Myanmar (Reuters) - Myanmar's central bank wants to weaken its newly floated currency and prevent further rises that could derail reforms to its economy, a deputy central bank governor said.
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