News about economy

Greece's Tsipras says German plan 'would lead to crisis without end' Greek Prime Minister Alexis Tsipras warned that a German proposal to give his debt-ridden country a bridging loan rather than agree a new bailout would be "a return to a crisis without end".

14 August 2015

Greece reaches deal with creditors: government source Greece has reached a deal on a multi-billion bailout with its international creditors after marathon talks.

11 August 2015

Greek PM sees bailout deal after August 15 Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed that Athens and its international creditors "can and must" reach a bailout deal after August 15.

07 August 2015

Sisi to unveil 'new Suez Canal' as Egypt makes history President Abdel Fattah al-Sisi inaugurates a "new" Suez Canal in a lavish and heavily secured ceremony, as Egypt seeks to boost its economy and international standing.

06 August 2015

Nazarbayev ratifies Kyrgyzstan's accession to EEU President of Kazakhstan Nursultan Nazarbayev has signed the ratification of the agreement on Kyrgyzstan's joining to the Eurasian Economic Union (EEU).

06 August 2015

Greece in 'final stretch' for deal with creditors: PM Greece is in the "final stretch" of talks for a deal with creditors on a new bailout, Prime Minister Alexis Tsipras said.

06 August 2015

Pacific trade deal nearing completion despite delay, Kerry insists Asia-Pacific countries negotiating a vast free-trade pact are "nearing completion" of a landmark agreement, US Secretary of State John Kerry said.

04 August 2015

IMF approves $1.7 bn loan installment to Ukraine The International Monetary Fund announced the approval of a $1.7 billion loan installment to Ukraine despite uncertainty about the country's debt sustainability and a conflict with separatist forces.

01 August 2015

Spain raises pay before elections, warns on Catalonia Spanish public workers will get a one-percent pay rise next year, trumpeting the country's economic recovery a few months ahead of a general election.

01 August 2015

IMF says it will not join new Greece bailout right now The International Monetary Fund said it would not join a new bailout program for Greece until conditions for debt sustainability.

31 July 2015

IMF: Ukraine economic picture 'incredibly encouraging' Ukraine's government is determined to undertake long-needed reforms, making the economic picture in the country very encouraging.

30 July 2015

Clinton to urge Congress to lift Cuba embargo Hillary Clinton will urge US lawmakers Friday to lift the trade embargo against Cuba.

30 July 2015

Putin orders destruction of smuggled Western food Russian President Vladimir Putin signed a decree ordering the destruction of Western food smuggled into the country in breach of an official embargo.

30 July 2015

Over 30 countries interested in signing free trade agreement with EEU Over 30 countries want to create a free-trade zone with the Eurasian Economic Union of Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan.

21 July 2015

A village dreams of Barack Obama's Kenyan homecoming "It's a business," said Hosea Owuor, a 30-year old market trader on Kisumu's Achieng Oneko Road. "Obama is a brand."

21 July 2015

Merkel rules out Greek haircut, open to debt relief German Chancellor Angela Merkel again ruled out forgiving some of Greece's crippling debt but said Berlin was open to a flexible repayment plan.

20 July 2015

Kazakhstan expands tenge to US dollar exchange rate corridor Kazakhstan’s central bank has expanded the tenge to US dollar exchange rate corridor.

15 July 2015

Obama prods Ukraine on economic reforms President Barack Obama urged Ukraine on Monday to follow through with tough economic reforms in order to meet its commitments to the International Monetary Fund and other global lenders.

14 July 2015

Greek PM faces hard sell on bailout deal Greek Prime Minister Alexis Tsipras was Tuesday to hold meetings with his parliamentary majority, faced with the tough task of selling a new bailout deal.

14 July 2015

Canada and Ukraine clinch free trade deal: report Canada and Ukraine reached a free trade agreement that will be formally announced Tuesday during Prime Minister Arseniy Yatsenyuk's visit to Ottawa.

14 July 2015

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