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
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…
Asian 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…
The 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.
Italy 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…
Oil 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…
Nigeria’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.
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The 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…
Poland’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…
The 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…
Troubled 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…
Philips 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…
(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…
The 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…
Chinese 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…
Russia’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…
Malaysia’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…
Gold 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…
The 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…
November 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…
New 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.
The 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…
The 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…
Britain’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…
US 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…
