EU fines Mastercard 570 mln euros over cross-border barriers

The European Commission said on Tuesday it had fined Mastercard 570.6 million euros ($648.3 million) for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union.

Macau, Beijing police arrest 37 in crackdown on illicit banking

Police in Macau and mainland China detained 39 suspects in an underground lending case involving more than 30 billion yuan ($4.42 billion), as China steps up measures to reduce economic risks and clamp down on illicit capital outflows.

Germany bans Iranian airline from its airspace after US pressure

Germany has revoked the licence of an Iranian airline because it has been transporting military equipment and personnel to Syria and other Middle East war zones, the foreign ministry said on Monday, after heavy U.S. pressure on Berlin to act.