India's Jet Airways was fighting multiple crises Wednesday after grounding six planes, leaving it with only a third of its fleet flying, while pilots have threatened to walk out and a major shareholder ...

The EU's powerful anti-trust sheriff on Thursday accused eight banks of having conspired for several years to distort competition in the eurozone bond market.

The Italian Senate on Sunday passed a revised 2019 budget agreed after a tense standoff with Brussels which saw the populist government water down key measures.

Sri Lanka's largest party warned Tuesday that the island could default on its debt as Moody's slashed its credit rating and a bitter power struggle dragged into a fourth week.

The airline said it was looking for a short-term loan of Rs 10bn ($148mn) "to meet urgent working capital requirements".

India's federal cabinet in June 2017 approved a proposal to sell shares in the airline, which is more than $8.5bn in debt.

In June 2017, India’s Cabinet Committee on Economic Affairs gave an in-principle nod for the strategic divestment of the airline.

India will transfer part of Air India's $8.5bn debt pile to a special purpose vehicle before selling a stake in the state-owned carrier, its junior civil aviation minister told Reuters on Friday.

However, the government will continue to cover its budget shortfalls through debt issuance, but faces little risk of any credit event, BMI said in a report.

The government will infuse this sum over the next two years to "strengthen the lending capacity of banks to spur growth", finance minister Arun Jaitley told reporters.

For the first time in years the International Monetary Fund is optimistic about global economic growth. But it sees a new problem: mounting debt in the world's largest countries.

The International Monetary Fund, a key creditor in Greece's bailout, will not participate in any further rescues of the debt-wracked country, Germany's finance minister told a Greek newspaper Saturday.