Western sanctions will have no effect on economic cooperation between the European Union and Belarus and the Eurasian Economic Union (EEU), Belarusian President Alexander Lukashenko says, Itar…
World Economy
The decline in mining investment will be a “significant drag” on Australia’s economic growth, even as exports of coal and iron ore provide a boost. It’s uncertain how far and fast…
Japan’s finance chief said the yen has been weakening too fast over the past week, the strongest statement yet by one of the nation’s top policy makers as the central bank’s expanded stimulus…
European aerospace giant Airbus is poised to sign a contract to deliver 50 long-haul carriers to US Delta Airlines in a deal worth $14b at catalogue prices, sources told AFP on Thursday.
President Barack Obama’s immigration order will let US companies temporarily hire more foreign college graduates even as it stops short of providing more of the H1-B work visas favored by…
The International Monetary Fund said Thursday it had approved a new stand-by loan for Serbia worth around one billion euros ($1.25b) to help it achieve economic reforms.
A new survey of manufacturing and service companies across the eurozone shows the area is now a step away from recession, as key economies France and Germany remain weak.
The speed of…
Global pharmaceutical spending will surpass the trillion dollar threshold in 2014, with high prices for innovative hepatitis C and cancer drugs in the US, a new study says. By 2018 spending is…
Smuggling is denying Tanzania some 80 percent of receipts accrued from Tanzanite – a precious gemstone so far only found in the country from which it derives its name.
The top EU court’s advisor on Thursday rejected Britain’s legal challenges to a cap on banking bonuses, dealing a blow to Prime Minister David Cameron’s government, AFP said. The ruling is the…
Chinese e-commerce giant Alibaba on Thursday raised $8b in a bond offering, AFP said. The company announced one week ago that it planned to make the sale to repay the $8b loan owed to banks.…
Asian stock markets were lackluster Wednesday as investors digested a fall in Chinese home prices and Japan’s scramble to overcome its economic malaise.
Base metal prices are unlikely to recover within the next 12-18 months, Moody’s Investors Service says.
While the year 2014 began with expectations of higher growth, higher yields and higher stocks, it is ending with the reality of lower inflation, lower yields and higher stocks, a report said.
The French economy is stagnating, with growth only in unemployment and the national debt. It will likely only hit the EU budget deficit target in 2017. Will the debt spiral continue?
The Bombay High Court ruled in favor of the Indian unit of Royal Dutch Shell Plc in a multi-million dollar tax dispute, the latest verdict against the tax department that has been vigorously…
Russia has reduced its investment in US government securities by $400m to $117.7b, according to September data from the US Department of the Treasury, Itar Tass reported. Russia still keeps…
ANZ, one of Australia’s biggest banks, has suspended seven traders as part of an inquiry into the potential rigging of key interbank interest rates, BBC said. The Australian Securities and…
Australian Prime Minister Tony Abbott on Wednesday backed an “effective” climate pact being struck at global talks in France next year, but warned it could not come at the expense of the economy…
The Russian Central Bank has placed $87.7 million of 1-year dollar repos at an average rate of 2.1388 percent, Reuters said. The maximum volume was set at $10 billion. The bank also said that the…
Spanish soccer giants Real Madrid have announced details of their new four-year partnership with technology powerhouse Microsoft. According to a Forbes report, the contract, announced in Madrid,…
Nokia has taken everyone by surprise with its newest piece of hardware. The company has launched an all new 7.9-inch tablet dubbed N1 that runs the Android Lollipop OS. Priced at $…
Mario Draghi, President of the European Central Bank, said that the unemployment rate in the EU countries is unacceptably high and within it, the youth percentage of unemployment is socially…
Global investors have a restored appetite for risk amid greater optimism over the outlook for profits and the economy, according to the BofA Merrill Lynch Fund Manager Survey for November.
“Our forecast for 2015 and 2016 is that India’s GDP growth will be under 8 percent. The question is how do we get it to 8 percent-plus?” OECD’s chief economist Catherine Mann said, releasing the…
