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European Households Richer than pre-Crisis Peak

European households are richer than before the global financial and economic crisis battered their continent, though the picture is uneven, a new study by the Swiss bank Julius Baer shows.

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Japan's Skymark Surges on Possible Airbus 'penalty Deal'

Shares in Japan's Skymark Airlines soared Friday after the company said it was negotiating with Airbus to reduce a breach-of-contract penalty tied to the collapse of a $2.2 billion jet order.

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JPMorgan: Info on 76 mn Households Hit in Data Breach

JPMorgan Chase said Thursday that information such as names and addresses for 76 million household customers and seven million businesses was compromised in a data breach this summer.

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Shares in Dubai's Emaar Malls Surge after Investors Rally

Shares of the retail division of Dubai's Emaar Properties surged in first trading Thursday after an initial public offering that highlighted a return of investor confidence in the Gulf market.

The IPO of Emaar Malls Group -- which owns one the world's largest shopping centers, the Dubai Mall -- was aimed at raising $1.58 billion (1.25 billion euros) but was 30 times oversubscribed.

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Spanish Unemployment Edges Up in September

Spain's jobless queue rose slightly in September for the second month running as a hiring boom for the summer tourist season trailed off, official data showed Thursday against a background of chronically high unemployment.

The number of people in Spain registered as unemployed crept up by 19,720 in September from the August level to 4,447,650 in September, the figures from the employment ministry showed.

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World Bank Bonuses Raise Eyebrows amid Austerity Drive

The World Bank has given bonuses to senior officials as it pursues a cost-cutting restructuring, raising employees' concerns about management demands on them for belt-tightening, documents seen by AFP showed Wednesday.

"We question the timing of such payments given the sacrifices the rest of us are being asked to make," the Bank's staff association said in an internal memo obtained Wednesday by AFP.

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Argentine Central Bank Chief Resigns amid Economic Turmoil

Argentina's central bank governor resigned Wednesday, the president's office said, as the country grapples with an economic slowdown, a debt default and a damaging row with the United States.

Juan Carlos Fabrega's decision to quit after less than a year in the post comes a day after an emotional President Cristina Kirchner alleged in a televised address that domestic and U.S. interests were pushing to devalue the peso, topple her center-left government -- and even kill her.

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Slowing Inflation Puts ECB in Hot Seat Again

Persistent and dangerously low eurozone inflation will keep the heat on the European Central Bank headed by Mario Draghi to inject more stimulus at its monthly policy meeting on Thursday, analysts said.

But despite this pressure, and in view of a surprise rate cut last month, the ECB is not expected to announce any new policy moves.

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PM: Poland Needs 'Stronger Eurozone' to Join Single Currency

Central European heavyweight Poland needs a stronger eurozone and stability for its own economy to join the single European currency, the country's prime minister-designate said on Wednesday.

"A stronger eurozone and stable Polish economy are the pre-conditions for entry into the eurozone," Ewa Kopacz told parliament ahead of a confidence vote that her new cabinet is expected to win later in the day.

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Crisis-Hit France Eyes Gradual Deficit Reduction

France's finance minister on Wednesday forecast that the country's budget deficit would scrape below the European Union ceiling by 2017, as he unveiled his annual budget.

Michel Sapin told reporters that the deficit would be 2.8 percent of gross domestic output in 2017, just below the EU's three-percent ceiling.

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