Industrial production in the eurozone slumped for the second consecutive month in October, data released Wednesday showed, raising concerns that the currency bloc's economy will slide deeper into recession the coming months. The European Union

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Barclays has appointed Hector Sants, former boss of British regulator the Financial Services Authority, to oversee its compliance and relationship with governments and regulators as it looks to repair its battered reputation. Barclays said Sants

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State prosecutors searched offices of Germany's biggest lender, Deutsche Bank, on Wednesday in a widening probe linked to a tax evasion scheme involving the trading of carbon permits. Frankfurt public prosecutors said they were investigating

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Opec on Wednesday maintained its oil output ceiling but had to reappoint Secretary-General Abdullah El-Badri to lead the cartel for another year after members failed to agree on a new leader. As expected by markets,

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Commercial borrowing by Canadian companies hit the highest level in the third quarter since early 2009, a PayNet survey showed on Wednesday, suggesting businesses played an outsized role in supporting the economy as growth cooled.

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EU lawmakers gave final approval on Wednesday for a European Union budget of nearly 133 billion euros ($172 billion) for 2013, removing some uncertainty around the bloc's future funding after talks on spending for 2014-2020

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The US budget deficit rose in November, pushing the country closer to a limit on government borrowing that has complicated negotiations in Washington over how to slow austerity measures scheduled for January. The Treasury said

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US import prices recorded the biggest drop in five months in November as food and fuel costs tumbled, keeping inflation pressures subdued against the backdrop of a weak economy. The Labour Department said on Wednesday

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The Indian rupee fell slightly on Wednesday as caution prevailed ahead of the US Federal Reserve's decision on whether to expand monetary stimulus, but a robust growth in factory output and inflows related to share

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The dollar hovered near multi-month lows against higher-yielding currencies on Wednesday as markets bet the US Federal Reserve would announce more stimulus later in the day. The euro was also buoyed following surprise strength in

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