The plunge in oil prices is making it tougher than ever for the European Central Bank to achieve its core mission of keeping prices stable at a time it faces looming deflation, analysts say.
…World Economy
Development of industrial cooperation between Russia and India is a major instrument in increasing the trade turnover to $53 billion by 2025, Minister of Industry and Trade Denis Manturov said…
The US Congress passed a $1.1 trillion spending bill for fiscal year 2015 Saturday, capping a week of acrimonious wrangling while averting a government shutdown and sending the measure to…
France’s Socialist government has unveiled a controversial package of reforms to energize its crisis-hit economy, including a plan to expand Sunday trading for shops that is sowing discord within…
Inflation will likely remain around zero in Spain through 2015 as a whole, Economy Minister Luis de Guindos was quoted saying, dismissing the chances of a slide into a deflationary spiral and…
The Dow Jones Industrial Average capped the worst week since 2011, finishing with a 100-point lurch in the final half-hour of trading, as equities tumbled around the world after crude…
The Taiwan Research Institute (TRI) revised upward its projection for the country’s economic growth in 2014, due in part to an improving labor market and a recovery in domestic consumption, Focus…
Negotiators at UN climate talks in Lima, Peru, have approved a draft laying out the key points for a global climate pact set to be agreed in Paris next year. The agreement came in a marathon…
China’s economic growth could slow to 7.1 percent in 2015 from an expected 7.4 percent this year, held back by a sagging property sector, the central bank said in research report seen by Reuters…
Non-financial corporations in emerging market countries in Asia are faced with the prospect of stressed balance sheets, argues the latest Quarterly Review of the Bank of International Settlements…
For Venezuelans living in Tampa and across Florida, the news from home is painful to hear this Christmas season, with a growing economic crisis, a popular uprising and a harsh government crackdown…
Plunging commodity prices are weighing heavily on Australia’s government revenue, Treasurer Joe Hockey warned Sunday, but said a mid-year budget update next week would serve as a “shock absorber”…
Baku-Tbilisi-Kars railway project will make contribution to the diversification of Azerbaijan’s economy and allow it to turn into a regional center, Turkey’s Ambassador to Azerbaijan, Ismail Alper…
The International Monetary Fund (IMF) has praised Bank of Uganda’s (BOU) on the monetary policy stance, saying it brought down inflation to a four-year low. This set the conditions for some…
In an interview with the Vesti on Saturday television program, Prime Minister Dmitry Medvedev said some taxes may be lowered, though he did not name which. “Yes,” he said in reply to a…
The wealth gap between US’ minorities and whites has continued to increase in the midst of the economic recovery, according to a report by the Pew Research Center, Forbes reported.
Qatar’s Ministry of Development Planning and Statistics predicted its economy would grow 7.7% next year, signaling the world’s top exporter of liquefied natural gas expects very little disruption…
US stocks fell sharply on Friday, leaving the benchmark S&P 500 with its worst weekly performance since May 2012, as investors pulled back from the markets in response to oil’s free-fall and…
Consumer prices in Spain declined in November for the fifth month running, official data confirmed, fuelling growing concerns over slowing inflation in the eurozone.
Spain’s inflation rate…
India’s consumer inflation slowed to its lowest rate in nearly three years last month, official data showed Friday, fuelling hopes of a rate cut in the new year.
Consumer inflation fell to…
Australia’s government warned of further job losses Saturday as media reports said around 175 government agencies working in areas as diverse as Antarctic science and drought will be scrapped.
As the yearend approaches, the key now will be the global economy and whether it can avert a sustained slowdown. Russia’s present status will likely drive the country’s economy into another…
A multi-billion-dollar man-made river to divert water from China’s south to its parched north started to flow on Friday, officials said.
The central route of the controversial South-North…
Chinese banks lent more in November than October, official data showed, after the country’s central bank cut interest rates late November, AFP said. A total of 852.7b yuan ($137.8b) worth of new…
Labour Party head Ed Miliband has ruled out any uncosted spending commitments in Labour’s election manifesto, as he set out his party’s plans to reduce the deficit, BBC said. Dealing with the…
