The International Monetary Fund has urged Zambia, Africa’s second-largest copper producer, to quickly resolve issues with mining companies over value-added tax refunds and an increase in royalties…
World Economy
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German business confidence rose again in December, the Ifo economic institute said Thursday, as the prospects for Europe’s biggest economy grew sunnier. The Ifo institute’s closely watched…
World-EconomyAsian stocks were mixed Wednesday after Wall Street slid and oil prices tumbled while investors waited for a US Federal Reserve statement on monetary policy, AP reported…
World-EconomyThe US current account trade deficit widened slightly in the July-September quarter, largely due to foreign institutions paying less in fines and penalties to the US government.
World-EconomyItaly would be 300 billion euros ($374b) better off if it had acted decisively against corruption in the wake of the “tangentopoli” scandal of the early 1990s, according to an eye-opening new…
World-EconomyOil prices have plummeted 40% since June – good news for oil-importing countries, but bad news for Russia, Venezuela, Nigeria, and other oil exporters. Some attribute the price drop to the US…
World-EconomyNigeria’s finance minister on Wednesday downgraded growth forecasts for 2015 and proposed a modest cut in spending as Africa’s top economy tries to respond to plummeting global crude prices.
…World-EconomyThe US Senate approved a sweeping package of tax breaks, sending to President Barack Obama a bill that allows individuals and corporations to save billions of dollars on their 2014 taxes, AFP said…
World-EconomyPoland’s industrial output growth rose less than expected in November in a slowing which continued for a second consecutive month, Nasdaq reported. Output rose by an annual rate of 0.3% in…
World-EconomyThe China Insurance Regulatory Commission (CIRC) has allowed insurance companies in the country to invest in venture capital (VC) funds as part of the government’s effort to support small- and…
World-EconomyTroubled Indian airline SpiceJet grounded its fleet Wednesday after suppliers refused to refuel its planes citing unpaid dues, a company source and reports said.The move came a day after the…
World-EconomyPhilips has agreed to acquire US-based medical device maker Volcano Corp for $1.2 billion including debt, its largest healthcare acquisition in seven years and an effort to cash in on more complex…
World-Economy(IPS) - One of the major challenges assumed by President Raul Castro when he launched a series of reforms in Cuba is improving living standards in a country still suffering from a recession that…
World-EconomyThe balances of the Finance Ministry’s foreign currency funds, which can be sold on the market, amounts to $7 billion, the ministry said on Wednesday.
“This involves funds on the federal…
World-EconomyChinese Premier Li Keqiang is meeting with leaders of eastern and southeastern European countries at the fourth CEE-China summit. The group seeks to expand economic cooperation and China is set to…
World-EconomyRussia’s Energomash scientific and production company has concluded a contract to deliver rocket engines to the US corporation Orbital Sciences.
The engines will be used for the first stage…
World-EconomyMalaysia’s economic growth will likely decelerate to 4.7% in 2015 and a further decline in oil prices poses “significant” risks, the World Bank said Wednesday. “Investment in oil and gas will slow…
World-EconomyGold imports stood at 661.71 tons during 2013-14 as compared with 1,013.72 tons in the previous fiscal, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the…
World-EconomyThe US manufacturing sector continued to expand in December but its growth rate hit an 11-month low, an industry report showed Tuesday. Financial data firm Markit said its preliminary US…
World-EconomyNovember saw the end of a 30-month drop in lending by the Italian banks to families and non-financial companies, the country’s banking association (ABI) said on Tuesday, Reuters reported. Lending…
World-EconomyNew Zealand said Tuesday that a long-awaited return to budget surplus was unlikely to happen this financial year after a slump in dairy prices sapped government tax revenues.
World-EconomyThe global economy is ending the year in a fragile state with factory activity shrinking in China, eurozone business growth remaining weak, and emerging market giant Russia in a spiraling currency…
World-EconomyThe preliminary HSBC German Manufacturing Purchasing Manager’s Index (PMI) for December came-in at a two-month high of 51.2, against the expectation of 50.3, and up from the previous month’s print…
World-EconomyBritain’s four biggest lenders have passed the Bank of England’s stress tests, which are designed to show their ability to withstand a new economic crisis, only the Co-op Bank failed, the central…
World-EconomyUS stocks were bracing for a rocky trading day Tuesday, with stock futures and currencies swinging as a renewed plunge in oil prices and an epic collapse in the Russian ruble stoke fears of…
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