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Spanish Finance Minister Elena Salgado said there’s “absolutely” no risk the country will need an international bailout as its borrowing costs compared with Germany’s surged to a euro-era record.
Asked in an interview on Punto Radio in Madrid if Spain risked having to seek a rescue like Ireland or Greece, Salgado said “absolutely not.” The […]

Ireland’s finance minister said Sunday that he would back a move to ask the international community for tens of billions of euros in loans and guarantees to keep his country’s crisis-hit finances afloat.
Brian Lenihan said that the country was running a deficit of 19 billion euros which it could not afford to finance at current […]

Irish officials and experts from the European Union and International Monetary Fund are working through the weekend in Dublin, racing to finish an aid agreement amid pressure to act before markets tumble.
Allied Irish Banks Plc, Ireland’s second-biggest bank, emphasized the fragility of the financial system yesterday, reporting a 17 percent decline in deposits this […]

Federal Reserve Chairman Ben Bernanke hit back on Friday at critics of the U.S. central bank’s bond-buying program and issued a thinly veiled attack on China’s policy of keeping its currency on a leash.
Bernanke, facing a chorus of protests about the asset-buying spree from within and outside the central bank, said a more vigorous […]

Britain had a larger budget deficit in October than economists forecast, underlining the challenge facing Prime Minister David Cameron as he tries to cut record levels of borrowing.
The shortfall was 9.8 billion pounds ($15.6 billion), the largest for any October since at least 1993 and up from 9.4 billion pounds a year earlier, the […]

Federal Reserve Bank of Boston President Eric Rosengren said he expects the central bank to buy the entire $600 billion of Treasuries policy makers authorized Nov. 3 in a bid to reduce unemployment.
“Given my forecast, I fully anticipate we will purchase the entire amount,” Rosengren, 53, said today in an interview with Bloomberg News. […]

Regulators have shut down two banks in Georgia and one in Arizona, bringing to 146 the number of U.S. banks that have succumbed this year under the burden of bad loans and a tepid economy.
The Federal Deposit Insurance Corp. on Friday took over the two Georgia banks: Darby Bank & Trust Co., based in Vidalia, […]

A strong slate of late summer blockbusters helped drive third-quarter profit and revenue at movie exhibitor Cineplex Galaxy Income Fund.
The operator of Canada???s largest theatre chain says its net income rose to $25.2-million in the three months ended Sept. 30, an increase from $20.4-million a year ago.
The stronger results were helped by hits […]

China will continue lead the charge as the No. 1 energy consumer over the next quarter-century, and oil will remain the dominant fuel despite huge investment in alternatives, according to a International Energy Agency report released Tuesday.
The agency forecasts that China’s demand will soar by 75% between 2008 and 2035, compared to an overall […]

Emirates airline is once again flying the double-decker Airbus A380 to New York after more than a yearlong hiatus.
The Dubai-based carrier relaunched service Monday with an 8:30 a.m. flight from the Persian Gulf city-state.
Emirates was the first airline to regularly fly the superjumbo to the U.S. in 2008. It halted service less than a year […]