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A container area at Ningbo port, Zhejiang province. China saw a forecast-busting 14.1 per cent year on year surge in imports which eclipsed export growth of 10 per cent, signalling that domestic demand was gathering the steam needed to drive economic recovery. Photograph: Reuters

Brent crude futures have steadied around $106 per barrel after China's total imports surged in March, suggesting that recovery in the world's n(...)

Alcoa reported first-quarter earnings that exceeded analysts' estimates. Photo: Getty

Alcoa, the largest US aluminum producer, reported first-quarter earnings that exceeded analysts' estimates as demand from airplane and car manu(...)

Greenstar’s recycling facility in Old Fassaroe, Bray. Photograph: Alan Betson

Ireland’s biggest waster management group, Greenstar has been sold to US private equity company Cerberus by a receiver for an undisclosed figur(...)

Portugese prime minister Pedro Passos Coelho said his government would have to introduce “important cuts” in expenditure on social security, health and education. Photograph: Reuters/José Manuel Ribeiro

Portugal’s prime minister has promised further cuts in government spending after the country’s constitutional court rejected austerity measures(...)

Bahrain's Crown Prince Salman bin Hamad al-Khalifa meets with Japan's Prime Minister Shinzo Abe. Reuters

The Bank of Japan will aim to double the monetary base over two years through the aggressive purchase of long-term bonds, in a(...)

A European Union flag ablaze during an anti-bailout rally outside the presidential palace in Nicosia yesterday. Photograph: Yannis Behrakis/Reuters

Cyprus yesterday unveiled radical capital-control measures ahead of banks re-opening tod(...)

Media group INM is looking to restructure debts of some ¤400 million

Media group Independent News & Media (INM) confirmed this morning that it is in "constructive discussions" with its syndicate of banks in r(...)

It is extraordinary the extent to which the banking sector is behind so many of the woes that litter the business pages of newspapers across t(...)

Protesters at an anti-bailout rally outside the parliament in Nicosia. Photograph: Yorgos Karahalis/Reuters

Cyprus ’ proposed bailout package is unlikely to be passed when politicians meet to vote on a revised draft of the bill this afternoon, preside(...)

Bank customers make transactions at an automated teller machine (ATM) outside a closed branch of the Bank of Cyprus in Nicosia. Photograph: Yorgos Karahalis/Reuters

Cyprus's parliament overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout today, throwing euro zone ef(...)

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