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Analysis - German hint of Greek debt relief raises euro hopes

Former UBS trader Kweku Adoboli arrives at Southwark Crown Court to attend his trial for fraud and false accounting in London, November 16, 2012. REUTERS/Stefan Wermuth

FSA fines UBS £30 million over Adoboli case

The Financial Services Authority fines Swiss investment bank UBS £29.7 million for system and control failings that allowed Kweku Adoboli to cause over $2 billion losses through unauthorised trading in London. Full Article

Euro zone, IMF to seek Greece deal, debt write-off main problem 5:59am GMT

BRUSSELS - Euro zone finance ministers and the International Monetary Fund will seek to unfreeze the second bailout package for Greece on Monday, but they first need to agree if some of the official loans to Athens might eventually be forgiven to cut Greek debt.

Syrian rebels take airbase in slow progress toward Damascus 5:46am GMT|
Analysis - German hint of Greek debt relief raises euro hopes 6:51am GMT
Barclays leads FTSE down in early deals 8:33am GMT
Italy's Berlusconi says considering political return 8:28am GMT

A runner with an American flag participates in a fun run in Central Park after the New York Road Runners cancelled the 2012 New York Marathon due to the impact of Hurricane Sandy hitting the region, New York, November 4, 2012. REUTERS/Chip East

Economy

U.S. looks best of 2013 economic runners

Here's a fairly safe bet for uncertain times: the U.S. economy will once again show the euro zone and Japan a clean pair of heels next year. Full Article | Related Story

Former Olympus President and CEO Michael Woodford poses for a photograph after an interview with Reuters in Tokyo April 18, 2012. REUTERS/Toru Hanai

Business

Olympus scandal just tip of iceberg - Woodford

Corporate Japan has many more skeletons in its closet, says ousted Olympus chief Michael Woodford as he publishes his account of the company’s accounting scandal. Video

Convergencia i Unio (CIU) party candidate for Catalunya's regional government Artur Mas and his wife Helena Rakosnik look at supporters from a balcony in Barcelona November 25, 2012. REUTERS/Albert Gea

Spain

Catalan election weakens bid for independence

BARCELONA, Spain - Separatists in Spain's Catalonia win regional elections but fail to get a resounding mandate for a referendum on independence, which had threatened to pile political uncertainty on top of Spain's economic woes. Full Article

China

China's princelings come of age

BEIJING - In the generational leadership change that just took place in China, it could not have been clearer that having the right family bloodlines is among the most important attributes an ambitious cadre could possess. Full Article | Factbox