News about economy

IMF warns of 'disorderly correction' if China reform slows The IMF warned that China, the world's second-largest economy, could face a "disorderly correction" followed by slower growth if its reform program slows.

15 August 2015 13:32

Eurozone approves Greek bailout accord worth up to 86 bn euros: official Eurozone finance ministers approved Friday a third debt bailout worth up to 86 billion euros to keep Greece afloat and avoid its chaotic exit from the single currency bloc.

15 August 2015 12:47

Advantages and disadvantages of Kyrgyzstan's accession into EEU Kazakhstani political analysts discuss advantages and disadvantages of Kyrgyzstan's accession into the Eurasian Economic Union.

14 August 2015 18:59

China's long march to currency reform takes a step forward China's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to further loosen their controls to promote long-term growth.

14 August 2015 15:20

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 14:20

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 14:03

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 12:18

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 16:38

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 15:43

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 01:10

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 13:20

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 13:18

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 12:37

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 10:21

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 13:03

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 12:40

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 10:28

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 17:26

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 10:54

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 11:45

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