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Eurozone Agrees 8.5 Billion Euro Bailout Payment to Greece

Eurozone ministers struck a long-delayed deal Thursday to unlock the latest tranche of Greece's bailout cash and avert a fresh debt crisis this summer, EU sources said.

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Germany's Schaeuble 'Confident' of Greece Bailout Deal

German Finance Minister Wolfgang Schaeuble, the eurozone's most influential official, said he was confident that Greece will win sorely needed funds at bailout talks on Thursday.

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Saudi's Kingdom Holding Buys 7% of Careem Ride App

Saudi Arabia's Kingdom Holding Co said Thursday it has bought a stake in car ride-hailing business Careem, its latest venture in the booming sector.

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Greece Seeks Bailout, Debt Breakthroughs

Eurozone finance ministers will try to overcome months of differences with the IMF on Thursday and unlock sorely needed bailout cash for Greece to avert a fresh crisis.

IMF chief Christine Lagarde and the eurozone's 19 finance ministers meet in Luxembourg with hopes riding high that the talks will secure the release of the latest tranche of Greece's 86-billion euro ($97 billion) bailout agreed in 2015.

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Asia Markets Slide, Dragged by Oil Plunge and Trump Fears

Asian markets mostly sank Thursday with energy firms swiped by a dive in oil prices, while traders were also spooked by a report that President Donald Trump was being investigated for possible obstruction of justice.

Crude tanked three percent on data Wednesday showing a smaller-than-forecast drop in US stockpiles and an International Energy Agency warning that global output will increase faster than demand next year as US production ramps up.

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Zara Founder's Cancer Donation Stirs Controversy in Spain

The billionaire founder of clothing giant Zara is donating 320 million euros ($361 million) in cutting-edge cancer-fighting equipment to hospitals in Spain, an act that has raised stinging criticism -- to the dismay and incredulity of patients.

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UK Unemployment Stays at Lowest since 1975

Britain's unemployment rate remains at 4.6 percent, the lowest level for 42 years, official data showed on Wednesday.

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World Bank to Give Afghanistan $520 mn Credit

The World Bank on Tuesday said it had approved a $520 million plan to help Afghanistan, which has been weakened by the Taliban insurgency and gradual withdrawal of US troops.

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Eurozone Stocks Rise at Open; London Dips

The German and French stock markets rose at the open on Wednesday while London dipped, as investors awaited the Federal Reserve's latest decision on US interest rates.

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Spain Prosecutors Seek Five Years Jail for ex-IMF Head Rato

Spanish prosecutors have asked for former IMF chief Rodrigo Rato to be jailed for five years over the failed 2011 listing of Bankia, a bank he led which later had to be rescued by the state.

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