New bank authority ‘indispensable’

FRANKFURT (AP) ― European Central Bank President Mario Draghi said it was “imperative” that Europe’s leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic and financ...

Abe heads to Myanmar as Japan eyes cheapest wages in Asia

Prime Minister Shinzo Abe Friday becomes the first Japanese leader to visit Myanmar in 36 years as his nation’s companies seek to invest in the former dictatorship, which has some of the cheapest labor in Asia. About 4,000 Japane...

Japan’s P.M. Abe defends policies as markets settle

TOKYO (AP) ― Japan’s top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo...

Obama defends drone strikes, sees narrower terror threat

WASHINGTON (AP) ― President Barack Obama sought to move the U.S. beyond the war effort of the past dozen years, defining a narrower terror threat from smaller networks and homegrown extremists rather than the grandiose plots of O...