The French government announced that it has decided to sell a 49.99 percent stake in Toulouse airport to a Chinese consortium, made up of Chinese state-owned group Shandong Hi-Speed Group and Hong…
World Economy
Standard and Poor’s has lowered the outlook for the world’s top oil exporter Saudi Arabia to stable from positive and its Persian Gulf partner Oman to negative on sliding oil prices.
The International Monetary Fund (IMF) predicts that Turkey’s medium term economic performance is likely to be weaker than in the recent past if the country does not change its economy policies.
Women in Europe may be better educated or work harder than men, but they are paid substantially less, according to the International Labor Organization.
The gender pay gap in Europe ranges…
The pound rose versus the euro, reaching a three-week high, as reports added to evidence the UK economy is withstanding the stagnation that may lead to more monetary stimulus for its euro-area…
China will focus on boosting economic growth quality and efficiency in 2015, and stick to the theme of seeking progress while maintaining stability, according to a high-level meeting of the…
The Russian Central Bank’s foreign exchange reserves (FXRs) are sufficient to cover the country’s external debt obligations next year, Moody’s Investors Service (Moody’s) has said in its report.…
The US unemployment rate is at a record low. Yet, many unemployed and low-income Americans are critical and don’t feel their situation has improved.
As the last vehicle left the production line at Bochum’s Opel car factory, some 3,000 employees have been left with an uncertain future. It was a bitter day in a city already struggling with high…
The UAE gems and jewelry market is set to register an annual average growth of more than seven percent from this year to 2019, according to a recent report.
The TechSci Research, titled ‘…
The European Union has amended sanctions against Russia’s biggest lenders like Sberbank and VTB on long-term financing, and eased some sanctions on the oil industry. The EU says Russia’s biggest…
The Group of Seven nations are looking at a fresh financial package for Ukraine which could amount to some $4 billion, according to several officials familiar with the discussions, Business…
Standard & Poor’s on Friday lowered Italy’s credit rating by one notch on concerns about weak growth and increasing debt while maintaining a stable outlook, AFP reported. S&P dropped Italy…
Chinese automaker BAIC Motor, part-owned by Germany’s Daimler AG hopes to raise between $1.22b-$1.57b in its Hong Kong initial public offering (IPO). BAIC is offering shares in a range of HK$7.60-…
The United Nations voted to begin negotiations on a legal framework for sovereign debt restructuring with a view to clamping down on “vulture funds” at the center of Argentina’s July debt default…
Argentina offered Thursday to buy back $6.7 billion in bonds due in 2015, saying the move proved it remains solvent despite a damaging legal battle with two creditors, AFP reported.
“These…
Asia’s regional benchmark index fell as materials companies led declines and investors awaited monthly US jobs data. China’s stocks swung the most since 2010 as mainland turnover topped $163…
OPEC’s decision last month not to shore up oil prices by cutting production has begun to hurt at least one of its members: Venezuela’s government will cut government spending by one-fifth and is…
French President François Hollande arrived in Kazakhstan on Friday for a two-day forum in a country with vast uranium and gas reserves and infrastructure contracts on offer. Over 250 delegates…
Russian President Vladimir Putin has urged to maximally lift restrictions on business and make all the checks public.
In a state of the-nation address, Putin mentioned “new approaches in…
The Asia Pacific region has outperformed the rest of the world when it comes to wage growth, according to an International Labor Organization (ILO) report.
Annual average incomes rose 6% in…
Bailed-out Spanish financial giant Bankia misrepresented its accounts ahead of its doomed 2011 stock listing which coincided with suspect buying and selling of its shares, central bank experts…
Washington and its allies are pursuing a regime change policy towards Russia, deliberately introducing sanctions and attacking the ruble through manipulation of world oil prices, the head of…
The United States no longer boasts the world's largest economy. China, the world's most populous country, has overtaken America to claim the title of world's number one economic powerhouse,…
India’s government kicked off its troubled privatization drive Friday, selling a five-percent stake in the state-controlled Steel Authority of India Ltd (SAIL) to generate revenue and plug a…
