The Institute of International Finance (IIF) predicted Egypt’s GDP will rise to 3.7 percent next year, compared to 2.1 percent in 2014, Ahram Online reported. “A moderate economic recovery is…
World Economy
Japanese giant Panasonic Corp. plans to sell subsidiary Sanyo’s North American television set business to Funai Electric, RTTNews reported. Panasonic and Funai Electric are expected to…
A top Japanese government official said Prime Minister Shinzo Abe should delay a planned sales-tax increase, the strongest sign yet that economic weakness is causing concern among those close to…
Alitalia, the largest Italian airline, plans to let go of 994 employees, the Italian news agency Adnkronos reported. Citing a document signed by the airline’s management and several labor…
Samsung C&T Corp has won a 630 billion won ($597m) order to build a power plant in Turkey from Saudi Arabia’s ACWA Power International. The South Korean builder said in a statement the…
Thailand went on a charm offensive in defense of its prawn industry this week, seeking to convince Europeans that it is responding to allegations of slavery and torture in its fisheries sector.…
Looking to deepen its economic ties with Vietnam, India is likely to strike a deal for exploration and production of oil and gas during the visit of South East Asian nation’s Prime Minister Nguyen…
European regulators revealed the results Sunday of an extensive health check of the region's top 130 banks, listing the weakest lenders that threaten to drag down Europe's economy.
All told…
The Bank of England should begin raising interest rates now, because spare capacity in Britain’s fast-recovering economy could be used up by the middle of next year, adding to inflation…
The first round of the UK-Singapore Financial Dialogue will take place in Singapore from Jan 27-28, 2015, alongside a private sector-led forum on how the two countries can work together to boost…
Governments in the energy-rich Persian Gulf need to balance their budgets more urgently in the medium term as oil prices decline, NewsGolbal quoted International Monetary Fund Managing Director…
After a slight improvement in August, the number of jobless in France once again increased in September, reaching a new record high of 3.43 million unemployed, government figures revealed.
…
Stocks bounced back in a powerful upswing that saw the Standard & Poor’s 500 index soar 4.1%. The rise erased the deep losses of the previous week and then some. Equity markets around the…
Japan’s economy is floundering and analysts polled by Reuters cut their annual growth forecast for a fifth straight month, saying there is no chance the Bank of Japan will meet its 2 percent…
The Caribbean forum is a valid platform for energy, tax and financial collaboration in the Caribbean, deputy managing director for the International Monetary Fund (IMF) said.
David Cameron has angrily insisted the UK will not pay £1.7b ($2.7b) being demanded by the European Union.
“If people think I am paying that bill on December 1, they have another think…
Deposits in Egyptian banks grew by 20.2% this past July compared to the same period last year, according to a report issued by the Information and Decision Support Center (IDSC) affiliated with…
China’s economy is likely to grow at its slowest pace in 24 years this year and will cool further in 2015, a Reuters poll showed. China’s growth slowed from 7.5 percent earlier in the year to 7.3…
The dollar weakened against other major currencies in cautious trade ahead of next week’s Federal Reserve monetary policy meeting, expected to mark an end to its massive asset-purchase program,…
Twenty-five lenders in the European Central Bank’s euro-area bank health check are poised to fail the regulator’s Comprehensive Assessment, according to a draft communique of the final…
Fannie Mae, headquartered in Washington, has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before…
Tanzania and China have signed investment deals in Beijing worth more than $1.7b, including one to build a satellite city to ease congestion in the commercial capital Dar es Salaam – deepening…
The Swiss National Bank (SNB) could soon be obliged to begin acquiring gold because of a very specific question posed by a referendum.
On Sunday, November 30th, 2014, the Swiss will go to…
Pro-Russian separatists control more than half of the coal mines in eastern Ukraine, forcing the Ukrainian government to begin importing coal from South Africa.
Standard & Poor’s Ratings Services said it affirmed its ‘BBB-/A-3’ long-and short-term foreign currency sovereign credit ratings and its ‘BBB/A-2’ long-and short-term local currency sovereign…
