Switzerland gets the edge on EU with China trade deal

Basel (Switzerland) (AFP) - Switzerland has one-upped its European Union neighbours with a free trade deal with China that its politicians and business sector say is crucial to boosting ties with the world's second-largest economy.

EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says

The European Commission signaled it will try to impose rules on virtual currencies such as Bitcoin after the bloc’s banking regulator ordered lenders to shun them.

South Korea to get clearing system for China's yuan

South Korea will get a yuan clearing system in the capital Seoul, expanding the list of states with direct access to trade in the Chinese currency.

Household debt serious threat to UK recovery, says Bank of England deputy

The Bank of England deputy governor, Sir Jon Cunliffe, has warned that household debt is a key risk to the UK recovery and said the Bank's new measures to rein in the housing market should be thought of as insurance against a major crash.

Premier Li says downward pressure still exists for Chinese economy

(Reuters) - China's Premier Li Keqiang said on Wednesday downward pressure still existed in its economy despite it operating within a reasonable range and some leading indicators demonstrating a positive trend.

Bank of England made rescue plan for banks at height of eurozone crisis

At the height of the eurozone crisis the Bank of England warned the Treasury that it needed a comprehensive contingency plan to prop up Britain's banks, documents published by the central bank have revealed.

Fed's Williams sees no rate hike until after mid-2015

(Reuters) - The Federal Reserve will probably need to keep interest rates near zero for at least another year, a top Fed official said on Monday, even as he expressed optimism the economy is well on its way to health.