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German Inflation Hits Three-Year Low in March

The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed on Friday.

The cost of living rose by 1.0 percent on a 12-month basis this month, down from 1.2 percent in February, the federal statistics office Destatis said in a statement.

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Royal Bank of Scotland Says will Pay Government £1.5bn

Britain's state-rescued Royal Bank of Scotland will pay the government £1.5 billion in a complex deal paving the way for the return of shareholder dividends.

The bank has agreed to pay the Treasury the equivalent of $2.5 billion or 1.8 billion euros in a move also aimed at aiding its eventual return to the private sector, it said in a statement late on Wednesday.

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Australia's NAB Cuts Ties with Virtual Currencies

One of Australia's biggest banks confirmed Thursday it was distancing itself from digital currencies after reviewing its risk profile.

The National Australia Bank, one of the country's four main banks, has reportedly sent letters to business customers whose primary business is trading in Bitcoins and other crypto-currencies, saying their accounts will be closed on May 2.

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Family of Asia's Richest Man Sells $928 mn Beijing Property

A company controlled by the family of Asia's richest man Li Ka-shing has sold a landmark Beijing property for more than $900 million, it said, adding to speculation he is cashing out of Chinese property.

Pacific Century Premium Developments -- a firm chaired by Richard Li, the tycoon's younger son -- signed an agreement Tuesday to sell Pacific Century Place for $928 million, the firm said in a statement filed with the Hong Kong stock exchange.

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Greek Unions Hold General Strike over Income Cuts

Greek unions have launched an anti-austerity general strike that has halted train and island ferry services while disrupting state hospitals and other public services.

Wednesday's 24-hour strike is also causing public transport disruptions in Athens, where unionists are planning two separate protest marches to Parliament.

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Official Data: German Trade Surplus Slipped 9.0% in February

Germany's trade surplus shrank nine percent in February from the January level, allowing for seasonal blips, the federal statistics office Destatis said on Wednesday.

The surplus dip for Europe's biggest economy -- to 15.7 billion euros ($21.6 billion) from 17.3 billion the month before -- was the result of higher imports of 77.6 billion euros against slightly lower exports of 93.3 billion euros.

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Intel, Bank America Deal Costa Rica Double Blow

Two big U.S. firms -- Bank of America and microchip giant Intel -- Tuesday announced closures in Costa Rica leading to nearly 3,000 layoffs, dealing a double blow to the Central American country's economy.

It came two days after the election of third-party candidate Luis Guillermo Solis as the next president of the nation of under five million people and represents a significant setback to its bid to become a high-tech hub.

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IMF: World Economy is Stronger but Faces Threats

The global economy is strengthening but faces threats from super-low inflation and outflows of capital from emerging economies, the International Monetary Fund warned Tuesday.

The lending organization expects the global economy to grow 3.6 percent this year and 3.9 percent in 2015, up from 3 percent last year. Those figures are just one-tenth of a percentage point below the IMF's previous forecasts in January.

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Kuwait Agrees Deal to Boost Egypt Energy Supplies

Kuwait said Tuesday it will supply Egypt with 85,000 barrels of oil daily and 1.5 million tonnes of fuel for three years as part of a newly agreed commercial deal.

The supplies would be valued at market prices and delivered by the end of 2016 under the agreement struck on Monday, said Kuwait Petroleum Corp. marketing chief Ibrahim al-Mudhaf.

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Official Data: British Industrial Output Jumps

Industrial output across Britain rose by a robust 0.9 percent in February compared with activity in January, official data showed on Tuesday, cementing the country's economic recovery.

And over 12 months, output jumped by 2.7 percent, the Office for National Statistics (ONS) added in a statement.

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