Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates.

The settlement Tuesday followed a federal judge's ruling in March admitting the class action lawsuit brought by investors and pension funds against the banks.

Air France-KLM said Wednesday it cut its losses in the first quarter of 2016 but passenger traffic to Paris was affected by terror attacks and the airline also warned of a difficult year ahead as it moved to cut wages of French pilots.

The Franco-Dutch group enjoyed lower fuel prices but said this was likely to be offset over the rest of the year by pressure on revenue and by the negative impact of currency swings.

For more than 10 years Dubai property prices have been on a roller coaster, creating and wiping out fortunes, but recently they appear to have run out of steam.

The Gulf emirate shot to prominence as an attractive real estate market after opening up special freehold zones for foreign buyers in 2002.

The Saudi labor minister vowed Tuesday to ensure the Binladin Group keeps a promise to resolve wage issues, amid reports of thousands at the building firm facing unpaid salaries and layoffs.

Labor Minister Mufarrej al-Haqbani's comments followed a Saudi newspaper report on Monday that Binladin Group, one of the world's largest construction companies, was laying off 77,000 foreign workers.

HSBC on Tuesday said its net profit fell almost a fifth in the first quarter, with Europe's biggest bank hit by "extreme levels" of markets volatility, while bad loans doubled.

Equity and currency markets from Asia to the Americas were sent into meltdown at the start of the year as a growth slowdown in China and plunging oil prices fanned concerns about the world economy.

Iran and South Korea have decided to triple their annual trade volume to $18 billion, President Hassan Rouhani announced on Monday after meeting his South Korean counterpart Park Geun-Hye.

Australian banking heavyweight Westpac posted a three percent rise in interim net profit Monday as it battles regulatory changes and rising bad loans, disappointing investors who savaged the share price.

Do Colombia's FARC guerrillas have a multi-billion-dollar fortune from kidnapping and drug trafficking stashed in foreign bank accounts?

That question has triggered an explosive debate in Colombia just as it tries to turn the page on the half-century conflict between the government and the Marxist rebel group.

Oil prices dipped Monday after enjoying another strong rally last week, with news of a jump in Iraqi exports bringing supply glut fears back to the fore.

The commodity has surged for four weeks thanks to a weaker dollar, small indications that the global economy -- particularly China -- is showing signs of a mild recovery and various disruptions to output including a strike in Kuwait.

Japan's finance minister said late Saturday the recent sharp rise in the yen is "extremely worrying", adding Tokyo will take action when necessary.

The remarks, which suggest Tokyo's possible market intervention, came after the Japanese unit surged to an 18-month high against the dollar in New York Friday.