Ratings agency Fitch cut France's credit grade by one notch to "AA" on Friday, saying Paris's efforts to trim its fiscal deficit have fallen short to avoid a downgrade.
"The weak outlook…
World Economy
There were a total of 416 deals from mergers and acquisitions, private equity deals and initial public offerings this year, with mergers and acquisitions making up the bulk of the deals, according…
Russia’s trade surplus widened in October for the first time in three months as imports shrank the most since 2009 after a retaliatory ban on some foreign food shipments and a weaker…
Italian consumer confidence rose slightly in September, beating economists’ estimates, amid optimism that Premier Matteo Renzi’s economic overhaul will take hold.
Canada’s trade minister predicted a rise in Christmas tree exports this season, amid reported shortages in the United States. America’s northern neighbor is known for producing bushy, winter-…
Hungary will not abandon cooperation with Russia, Hungarian Ambassador to Russia Janos Balla said. In this difficult time, when a number of Western countries are exerting pressure on Russia…
Industrial output in the eurozone rose a very slight 0.1% in October, official data showed, in another sign that the European economy remains stalled. The feeble rise in factory output data was a…
US senators were scheduled to hold a special session Saturday for a series of votes on a $1.1 trillion spending bill that lawmakers need to approve to avert a government shutdown, AFP said. The…
The EU urged doubtful national leaders to back Jean-Claude Juncker’s new investment plan at a summit next week after the scheme struggled to garner enthusiasm from governments, AFP said. New…
Without oil, the global economy would grind to a halt – even with the advent of alternative energy sources. But although it is tempting to think that declining oil prices always boost global…
British oil major BP plans to invest more than $12 billion in Egypt over the next five years, and to double its gas supplies to the local market in the next decade, said the country manager of BP…
Kiev wants the International Monetary Fund to expand its $17 billion bailout package due to Ukraine’s worsened economic outlook, new Ukrainian economy minister Aivaras Abromavicius said on…
Crisis-hit France was Wednesday to unveil a controversial package of reforms to unblock its stagnant economy, including a deeply divisive plan to extend Sunday opening hours for shops.
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The International Monetary Fund said Iraq’s oil-dependent economy was expected to contract much less than previously thought this year due to rising oil production, Alarabia reported.
Consumer prices in China eased to a five-year low in November, suggesting continued weakness in the Asian economic giant.
The inflation rate fell to 1.4% in November from 1.6% in October,…
Russia has given Ukraine more than $80 billion in discounts for natural gas supplies since the beginning of the 90s, Prime Minister Dmitry Medvedev said on television on Wednesday. Ukraine has…
Nigeria’s foreign reserves fell to $35.95 billion by Dec. 8, down 19.3% from a year earlier as the central bank stepped up its defense of the naira currency, Reuters reported. The reserves of…
When Spain’s property bubble burst in 2008, the country was plunged into an economic crisis that threw millions of people out of work. Now after six hard years, and even though hundreds of…
French industrial production slumped 0.8% in October, badly missing expectations of a small gain, as the run of bad news on the economy continues, FastFT reported. Economists had expected…
JPMorgan Chase would need $22b more in capital by 2019 to meet new Federal Reserve capital rules, the Fed said Tuesday. The Fed said that the eight big banks that will have to come up with a…
Rich countries have pledged more than $10 billion in climate aid for poor economies, a psychological threshold at UN global warming talks in Lima, according to a tally compiled by AFP Tuesday.
In a couple of years Russia will be able to substitute 100 percent of “unnecessary” food imports, Russia’s Prime Minister Dmitry Medvedev said during a live TV interview Wednesday.
“We are…
British households could be saving £250 a year each if services such as railways and water were publicly owned rather than privatized, according to a new report.
The central banks of the United Arab Emirates and China aim to activate their 35 billion yuan ($5.7 billion) currency swap agreement soon, a senior UAE central bank official said on Tuesday.
Russia’s Rosneft plans to raise 800 billion roubles ($14.8 billion) from the sale of new domestic rouble bonds, RIA Novosti news agency said on Wednesday quoting company statements. Last year,…
