Portuguese bank fears hit stock markets

Stock markets on both sides of the Atlantic were rattled on Thursday on fears that the suspension of shares in Portugal's third largest bank could lead to a run on the eurozone's debt-ridden banking sector.

G20 leaked communique doesn't single out Japan

Finance ministers of the G20 nations meeting in Moscow may not criticise Japan for weakening the yen, a leaked draft communique has indicated.

Global recovery still under threat, says IMF outlook

The global economic recovery is still at risk, and eurozone economies remain in a "precarious" situation, the International Monetary Fund has said.

Eurozone economy 'in dire straits'

As if Europe needed more bad news, a report Thursday showed a big drop in manufacturing activity across the eurozone.