Kenya obtains nearly $700 mn in IMF backing Kenya obtains nearly $700 mn in IMF backing Kenya obtained nearly $700 million worth of precautionary loan support from the International Monetary Fund.
03 February 2015 13:25
Greek finance minister says eyeing new debt deal by 'end May' Greek finance minister says eyeing new debt deal by 'end May' Greek Finance Minister Yanis Varoufakis said he wanted to reach a new agreement with international creditors on his country's debt burden "by the end of May".
02 February 2015 13:03
Germany's anti-euro party agrees to slim down leadership Germany's anti-euro party agrees to slim down leadership A congress of Germany's anti-euro AfD party ending moved to streamline its leadership structure in a bid to be more effective after weeks of dispute within the fledgling group.
02 February 2015 12:38
Burger chain Shake Shack sizzles in Wall Street debut Burger chain Shake Shack sizzles in Wall Street debut Shake Shack, a hamburger chain that prides itself on fresh ingredients and good service, soared in its first day of trade on Wall Street.
31 January 2015 16:27
Jay Z to acquire Wimp music service Jay Z to acquire Wimp music service US rap star Jay Z made a $56-million foray into the music streaming business, buying Norway's Wimp in a bid to compete with giants like Spotify and Apple.
31 January 2015 14:43
Merkel rules out debt reduction for Greece Merkel rules out debt reduction for Greece German Chancellor rejected the prospect of debt relief for Athens, adding to tensions between the radical new Greek government and its international creditors.
31 January 2015 14:35
EU must realise Russia sanctions lead nowhere: Moscow EU must realise Russia sanctions lead nowhere: Moscow The European Union's decision to extend sanctions against Russia over Ukraine is a destructive policy that will lead nowhere.
30 January 2015 16:01
Toyota says to return to World Rally Championship in 2017 Toyota says to return to World Rally Championship in 2017 Toyota said it would come back to the World Rally Championship in 2017, nearly two decades after the Japanese auto giant withdrew from the motor sports event.
30 January 2015 15:56
Total chief says to slash exploration outlays by nearly third Total chief says to slash exploration outlays by nearly third The chief executive of Total said the French oil company would slash spending on exploration by 30 percent this year due to the drop in the price of oil.
30 January 2015 15:37
Gaza war pushed Palestinian economy into recession: IMF Gaza war pushed Palestinian economy into recession: IMF The war between Israel and Gaza drove the Palestinian economy of Gaza and the West Bank into its first contraction since 2006, the International Monetary Fund said.
30 January 2015 15:19
Amazon surprises with $214 mln quarterly profit Amazon surprises with $214 mln quarterly profit Amazon surprised the market with a quarterly profit far better than anticipated for the online giant known for investing for the long term.
30 January 2015 14:49
Apple ties with Samsung as world's top smartphone vendor Apple ties with Samsung as world's top smartphone vendor Apple caught up with Samsung as the world's biggest smartphone vendor in the fourth quarter of 2014, thanks to booming sales of its new iPhone 6.
29 January 2015 18:37
Obama to request hike in US military budget: officials Obama to request hike in US military budget: officials President Barack Obama plans to ask for an increase in military spending in a proposed budget for 2016.
29 January 2015 16:47
Russia's Gazprom profits plunge 61%, hit by Ukraine row Russia's Gazprom profits plunge 61%, hit by Ukraine row Russia's gas giant Gazprom said its third quarter profits plunged 61 percent as supplies were suspended to Ukraine, one of its main customers.
29 January 2015 16:14
IMF begins work on 'Plan B' as US blocks reforms IMF begins work on 'Plan B' as US blocks reforms The IMF said it would begin working on alternatives to its stalled, five-year-old reform program after passing another year without the required ratification.
29 January 2015 14:58
McDonald's CEO pays price for growing woes McDonald's CEO pays price for growing woes Fast-food giant McDonald's replaced president and chief executive Donald Thompson, after the company turned in another poor quarter of sales and earnings last week.
29 January 2015 14:47
It will take 5-6 years for Kazakhstanis to stop quoting domestic prices in the US Dollar It will take 5-6 years for Kazakhstanis to stop quoting domestic prices in the US Dollar Olzhas Khudaibergenov, Director of the Center for Macroeconomic Research, outlined measures to reduce the currently excessive dollarization of the country’s economy.
29 January 2015 12:41
Greece-EU clash spreads to Russia sanctions Greece-EU clash spreads to Russia sanctions Greece has created a new headache for the EU by questioning sanctions against Russia over Ukraine.
29 January 2015 10:07
Yahoo announces tax-free spinoff of Alibaba stake Yahoo announces tax-free spinoff of Alibaba stake Yahoo is spinning off its stake in Chinese Internet giant Alibaba, splitting off the valuable holdings in a move that sidesteps taxes.
28 January 2015 16:16

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