The French government gave the green light on Wednesday for General Electric’s planned 12.4b euro ($15.6b) purchase of most of Alstom’s power business.
World Economy
German Chancellor Angela Merkel said on Tuesday the eurozone was extremely fragile and made clear Europe’s biggest economy would not borrow more to invest, resisting pressure…
Now that the European Central Bank (ECB) has put major eurozone banks through a stress test, it begins to supervise them. But this is a compromise between Germany and France that is full of…
Observing that Indian Prime Minister Narendra Modi sees trade and economics as ways to get around political tensions, international relations expert Michael Kugelman Tuesday said India…
It’s long been the big question. What happens when US Federal Reserve quantitative easing ends? Central bankers may find the answer troubling, Reuters said.
Ending the Fed’s injections of…
An economic version of the curse of the pharaohs has cast its shadow over Egypt for the past three years with the country going through seismic political instability. Consequently, it…
JP Morgan Chase, the largest bank in the US, has revealed it is under investigation over currency trading, BBC reported. The firm said the US Department of Justice had launched a criminal…
The Chinese e-commerce giant Alibaba has reported its first profits as a public company. They show a rise in third quarter net income of 15% to $1.1b. The company, founded in 1999 by Jack Ma…
Inflation rate in Turkey rose above expectations climbing by 1.9% in October to reach 8.96% annually. The Turkish Statistical Institute, known as TurkStat, reported the Consumer Price Index…
SoftBank Corp, the Japanese mobile carrier with ambitious plans to grow overseas, slashed its profit forecast as Sprint Corp, the US carrier it bought for $21.6 billion, continues to lose…
South Korea’s consumer prices inched up 1.2% in October from a year ago, state data showed Tuesday, on the back of increased costs for clothing and utilities. The increase compared to 1.1% growth…
Mexico’s government – keen to forge closer ties to Beijing – picked a Chinese-led consortium Monday to build the first bullet train in Latin America after the group was the only bidder.
Australia’s trade deficit more than doubled to A$2.26b ($1.96b) in September, data showed. Exports rose just 1% in the month, while imports were up 6% as Australia brought in more fuel, BBC said…
The fifth annual S&P/Platts Financial Leaders’ Forum will be held on November 10, 2014 in Dubai. This year’s invitation-only gathering of business leaders, global influencers and finance…
Low inflation, flagging growth, and the European Central Bank’s stimulus bias will probably force eastern members of the European Union to cut interest rates to record lows this week.
Santander, the eurozone’s biggest bank by market value, said Tuesday its profits jumped by 52.1 percent in the third quarter due to higher earnings in its main markets and lower costs.
German top-of-the-range carmaker BMW said Tuesday its profits slipped in the third quarter despite rising sales due to higher taxes, but said it was confident about its outlook for the year, AFP…
Number three US wireless carrier Sprint says it was slashing 2,000 jobs in a streamlining effort after reporting a $765m quarterly loss, AFP reported. Sprint, which earlier this year replaced its…
Enough food to feed two billion people is wasted every year, leading UN agencies to create a new interactive platform to try to reduce the losses, which could easily feed the world’s 800 million…
Global equity markets surged more than 1 percent and the yen fell to a nearly seven-year low against the dollar after the Bank of Japan surprised financial markets by ramping…
Turkey’s inflation will be higher than previously forecast this year and in 2015, although falling oil prices could temper its rise, the Central Bank of Turkey said, pledging to keep policy tight…
Nick Clegg has insisted the UK “can’t and won’t pay” the £1.7 billion ($2.7b) demanded by the European Union by December 1 following talks with the French prime minister.
The deputy prime…
Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy…
Japan’s central bank surprised the financial world and pleased investors Friday by intensifying its purchases of government bonds and other assets to try to revive a chronically anemic economy.
Ukraine’s state budget gap in January-September 2014 reached 40.127 billion hryvnias ($3.1b), according to statistics published on the Ukrainian Finance Ministry’s website, Itar Tass reported. In…
