Spanish police broke up one of the biggest forging scams in Europe, seizing 1.5 million euros ($2 million) in fake bank notes and arresting dozens of suspects, officials said on Tuesday.
"It is one of the biggest acts of forgery in Europe in terms of the quality and the amount of money printed," a statement from the national police said.
Full StoryToyota announced on Tuesday plans for a joint venture with a Canadian junior mining company to speed up the development of a rare earth elements mine in Quebec to supply Toyota hybrid and electric vehicles.
The Japanese auto maker said it has signed a non-binding memorandum of understanding with Montreal-based Matamec Explorations Inc. to collaborate to "fast track the development" of Matamec's Kipawa heavy rare earths deposit.
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The U.S. administration said Tuesday it was ending routine production of one-dollar coins in the face of consumer resistance despite a decades-old campaign to replace the paper bill with more durable metal.
Full StoryIran's parliament on Tuesday passed a bill for a free trade agreement with Syria in a show of support for President Bashar al-Assad's regime beset by protests and international pressure.
The bill provides for free trade between Iran and Syria within the next five years, according to Iranian state television.
Full StoryGreece raised 1.625 billion euros ($2.14 billion) for six months at an increased interest rate of 4.95 percent on Tuesday, the Greek debt management agency said.
At the last such auction on November 8, Greece had paid a rate of 4.89 percent.
Full StoryDo you take your champagne brut or rose? Around the world the French sparkling wine is still the ultimate festive drink, but these days it often comes in shades of golden pink to pomegranate.
First seen as a quirky variation on classic white bubbly -- even dismissed as a "woman's drink" -- rose champagne has grown into far more than a fad, with a market share that has been rising steadily for 10 years.
Full StoryEurozone banks deposited the biggest amount of overnight funds at the ECB for more than a year on Monday, official data showed on Tuesday in a signal of banks' wariness of lending to each other.
Banks put 346.36 billion euros ($446 billion) on deposit for 24 hours at the European Central Bank, the highest amount since June 2010.
Full StoryKuwait’s oil Minister Mohammad al-Baseeri said on Tuesday that OPEC will likely keep its official production quotas unchanged, while Iran’s oil minister Rostam Qasemi said that they would reach consensus over its latest output decision, in contrast to its last meeting which was hit by deep division among cartel members.
Qasemi had told reporters on arrival in Vienna, where the 12-nation Organization of Petroleum Exporting Countries holds its production meeting on Wednesday, "Whatever the decision will be, it will be made all together."
Full StoryFast-growing Gulf carrier Etihad Airways says it is buying 10 more of Boeing's new 787-9 planes, making it the largest customer for that version of the aircraft.
Etihad said on Monday it is also ordering two Boeing 777 cargo planes.
Full StoryA South Korean developer said Monday it would not alter the design of a twin-tower project despite complaints in the United States that it mimics the explosions at New York's World Trade Center in 2001.
The towers, one with 54 floors and the other with 60, are designed by Dutch architects MVRDV and will be built at the entrance to Seoul's redeveloped Yongsan business district by 2016.
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