Italy's five and 10-year bond costs lowest since 2010

MILAN: Italy paid less to borrow over five and 10 years on Wednesday than it had since October 2010 as yield-hungry investors looked past forthcoming elections in the country and its poor economic prospects.

Iceland Wins Major Case Over Failed Bank

BRUSSELS — Iceland won a landmark case at a European court, ending an acrimonious legacy from the collapse of its banking system more than four years ago.

Fed waits for job market to perk up

LONDON (Reuters) - The Federal Reserve's ultra-loose monetary policy is a root cause of the "currency wars" that some see as a looming threat to the world economy, but don't expect the U.S. central bank to signal a shift back to normal any time soon.

Exclusive: ECB rejects Irish bid on promissory note - sources

(Reuters) - The European Central Bank has rejected Ireland's preferred solution to a dispute over the cost of servicing money borrowed to rescue a failed bank, EU sources familiar with the talks said on Saturday.

Japan defends stimulus, yen policy under fire

DAVOS, Switzerland (Reuters) - Japan's economy minister rejected criticism on Saturday that his country's extraordinary fiscal and monetary stimulus program was aimed at weakening the yen and undermined central bank independence.

G-Global: A new forum to replace G-20 and G-8

In our rapidly changing world, old institutions often survive but are regularly supplemented with newer, larger groups that keep pace with progress.

IMF's Olivier Blanchard: Time for UK to consider Plan B

The IMF chief economist has told the BBC that Chancellor George Osborne should consider slowing down austerity measures in his March budget.