Swedbank Cuts Jobs as Low Interest Rates Hurt Profit Outlook

Swedbank AB (SWEDA), Sweden’s biggest mortgage lender and the largest bank in the Baltics, will cut as much as 5.5 percent of its staff to try to adjust to the low rate environment created by unprecedented central bank easing.

Europe's banks brace for interest rate cuts, with Mario Draghi expected to act

Europe's banks were bracing themselves over the weekend for much anticipated cuts in the eurozone's commercial interest rates to boost the currency zone's struggling economy.

Crippled By Sanctions, Iran's Economy Key In Nuclear Deal

Some of the sanctions against Iran will be eased under an agreement reached between Iran and six world powers over the weekend. In return, Iran promises to temporarily curb part of its nuclear program.

Australia cuts interest rates as economy slows

Australia's slowing economy has pushed the country's central bank to slash interest rates by 0.5 percentage points to 3.75%, in a sign that the eurozone crisis and the cooling in China are affecting the global economy.

China records huge February trade deficit

China swung into a huge trade deficit of $31.48 billion in February, according to the latest customs data, as the West's economic troubles hit the world's second-largest economy.