US authorities will monitor Britain’s Standard Chartered bank for another three years, following the large fines paid in 2012 for sanctions violations, the lender said Wednesday, AFP reported.
World Economy
Russia's central bank has admitted it intervened to support the rouble in foreign currency markets last week spending a total of $4.53 billion. It has spent more than $70bn supporting the rouble…
Greek stocks took a hammering Tuesday after the government unexpectedly brought forward a high-stakes presidential vote, raising fears that a political crisis is looming, AFP said. The vote by 300…
International Monetary Fund Managing Director Christine Lagarde praised the measures the European Central Bank has taken to combat the crisis and urged governments to implement fiscal policies in…
UK manufacturing output unexpectedly fell 0.7% in October, down from revised growth of 0.7% in September, according to official figures. Economists had forecast a 0.2% increase in industrial…
India’s gemstone industry will hope to add some sparkle to ties between New Delhi and Moscow this week by persuading Russia to massively increase its exports of diamonds direct to the global hub…
The International Monetary Fund on Tuesday cut its economic growth forecast for oil-rich Kazakhstan this year, partly due to the slump in global crude prices, and urged the government to press…
Japan’s government is considering an extra budget worth as much as $25 billion (3 trillion yen) to help the economy recover from recession, according to people involved in the discussions.
Asian stocks fell, with the regional benchmark falling the most in a week, as China shares tumbled the most since 2009 amid record turnover and the yen climbed.
Australian business sentiment dropped to the lowest level since before last year’s election, National Australia Bank Ltd. said as its economists predicted the central bank will cut interest…
France’s Altice bought out Portugal Telecom – which had been owned by Brazil’s Oi – for 7.4 billion euros, the Brazilian company announced. “Under the deal approved, Oi will sell to Altice all PT…
Eurozone ministers failed to find common ground on a long promised financial transaction tax, put into jeopardy by sharply differing views on its implementation, official sources said late Monday…
The Industrial Bank of Korea has proposed setting up a joint fund to help promulgate infrastructure projects in Russia’s Far East, Deputy Prime Minister Yury Trutnev said on Tuesday at a…
An increase in geopolitical tensions has not stopped German exports from rising steadily, fresh figures for October have shown. Monthly shipments abroad even logged a new record.
The gap between the rich and poor in a range of countries has reached its widest in 30 years and the trend has harmed growth, the OECD said Tuesday.
The Organization for Economic…
Eurozone ministers approved a request from Greece for a two-month extension to its bailout program that was set to end December 31, amid an ongoing budget row between Athens and its EU-IMF…
Deutsche Bank allegedly set up three shell companies to avoid paying millions of dollars in federal taxes, according to a lawsuit filed Monday by the top federal prosecutor in Manhattan. U.S.…
Russia and Uzbekistan have coordinated the terms of settlement of the Central Asian country’s debt before Moscow which totals $890 million, Russian presidential aide Yury Ushakov said on…
The US economy is picking up speed. That’s the view of a panel of business economists, whose latest growth forecast calls for a 3.1 percent advance in US gross domestic product in 2015 — up from a…
Japan’s economy shrank more than initially estimated in the third quarter of 2014, according to revised gross domestic product (GDP) figures.
The economy contracted by 1.9% in annual terms…
A further decline in oil prices may put an end on Sunday to a Persian Gulf stock market rally that was initiated by local investors late last week.
Brent crude slipped 0.8 percent to $…
Jean Tirole, the French Nobel Economics laureate for 2014 has urged his home country to follow similar economic reforms to Sweden, as he prepares to pick up his award in Stockholm later this week…
European stocks and government bonds dipped on Monday as weak data from Asia, a rating downgrade for Italy and the slump in oil prices stoked concerns about global growth.
The Perm-based Avialeasing investment company has lodged a bankruptcy petition against Russia’s leading regional carrier, UTair, which has failed to pay 3.5 million rubles ($67,000) for leasing Tu…
production rose for a second month in October in a sign that a slow recovery in Europe’s largest economy is continuing. Production, adjusted for seasonal swings, gained 0.2 percent from September…
