News about economy

Moody's downgrades Russia debt to 'junk' level

Moody's cut Russia's debt rating by one notch into 'junk' territory, saying the Ukraine crisis and the fall in oil prices and the ruble will further undermine Russia's economy.
21 February 2015 14:23

Greece eyes pain-free EU loan deal

Greece was expected to bid for extra debt crisis aid from the EU without strings attached, ahead of a closely-watched ECB meeting on the country's emergency funds.
18 February 2015 16:32

Britain's Tesco picks new chairman

Troubled British supermarket giant Tesco named John Allan as chairman, ending a four-month search after Richard Broadbent resigned amid an accounting scandal.
18 February 2015 12:41

UK's Labour details pre-poll economic plan

Britain's main opposition Labour party outlined its economic plan to try to woo middle-income voters ahead of an anticipated closely-fought election in May.
17 February 2015 14:24

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