Russian President Vladimir Putin has signed a law ratifying the deal establishing the BRICS New Development Bank (NDB), according to a document published on Russia’s official website for…
World Economy
The Treasury has not learned lessons from the 2007-08 financial crash, a parliamentary report has said.
As a result, the UK could be exposed to more economic shocks, whether from…
US stocks traded mostly higher on Monday as investors reevaluated the impact of Friday’s strong jobs report on the timing of a Fed interest rate hike.
Economic growth is set to pick up in Italy, France and the eurozone, according to leading indicators released on Monday by the Organization for Economic Cooperation and Development.
Eurozone officials played down plans submitted by cash-strapped Greece to its international creditors in a bid to secure fresh funds, a day after Athens’ outspoken finance minister…
German exports in January fell by the largest amount since August, dropping far more than forecast, RTE News reported. The figures put a damper on expectations that Europe’s largest…
President Dilma Rousseff appealed to Brazilians to back fiscal austerity policies, while saying that the belt-tightening will last as long as needed and positive results will only start showing at…
Japan’s emergence from recession was weaker than first estimated as companies unexpectedly cut investment and drew down their inventories, offsetting a pickup in consumer spending, Bloomberg said…
Copper rebounded from a two-week low on Monday as investors shrugged off weak trade data from top metals consumer China and bet that demand would increase there following a holiday.
Also…
Jobs in London’s financial services sector rose 17 percent in February compared to a year ago, buoyed by strong equity markets around the globe and improving economic sentiment, even as British…
The European Central Bank started buying government bonds under its expanded quantitative-easing (QE) plan designed to boost price growth in the region.
Zimbabwe parliament says corruption is the key stumbling block to the attraction of Foreign Direct Investment (FDI) among many other problems stifling national development.
Presenting a…
Gold rose on Monday as the dollar rally paused but remained near a three-month low after a strong US jobs report boosted expectations the Federal Reserve would soon raise interest rates, Reuters…
Nuclear manufacturer Areva announces a 4.8b euro ($5.2b) loss for 2014, more than its entire market value, plunging the powerful French nuclear industry into turmoil, AP reported. The French…
Trade volume between Russia and China is expected to reach $100 billion in 2015, Chinese Foreign Minister Wang Yi said at a press conference Sunday.
Apple Watch, which will be previewed Monday at a press event in San Francisco, is poised to become Apple’s most expensive product ever. While the watch starts at $350, few are expected to walk out…
Finance minister Yanis Varoufakis upped the stakes sharply ahead of Monday’s crucial Eurogroup meeting in Brussels by raising the prospect of new Greek elections or even a referendum on any debt…
The second week of March does not have a heavy central bank calendar although rate decisions by the Reserve Bank of New Zealand, the Bank of Korea, Bank of Thailand and the Central Bank of Russia…
Athens, the birthplace of democracy and western civilization, and the capital of Greece, has been under the spotlight for all the wrong reasons lately.
The BRIC nations – Brazil, India, China and Russia – once aimed to distance themselves from the economic woes of the West.
Venezuela, once a proud exporter of premium coffee, has been reduced to swapping crude oil for growing volumes of Nicaraguan coffee beans to make sure worsening economic turmoil does not prevent…
The French personal insurer CNP Assurances has recorded €3.1b ($3.36b) in net inflows in France in 2014, including €1.7b in net inflows to unit-linked contracts, Investment Europe reported. The…
China’s copper imports fell for a second month to the lowest in more than three years as the week-long national Lunar New Year holiday sapped demand for the metal, Bloomberg reported.
The Obama administration is working hard to make new trade deals, such as the Trans-Pacific Partnership with 11 Pacific nations. But getting those deals signed by trading partners and approved in…
Volodymyr Kuzovkin’s office is less than 50 miles from the European Union, but for him and his factory, the EU is a world away.
