News about economy
IMF approves 1.2 bn euro credit line for Serbia
The International Monetary Fund on Monday approved a 1.2 billion euro ($1.4 billion) credit line for Serbia to support its structural and economic reforms.
24 February 2015 14:26
Google Wallet partners up to battle Apple Pay
Google said it was teaming up with the mobile phone payment firm Softcard to ramp up its efforts to counter Apple Pay in the emerging sector.
24 February 2015 14:01
HSBC chief kept millions in Swiss account: report
HSBC chief executive Stuart Gulliver, who vowed to reform the scandal-hit bank, kept millions of dollars in a Swiss account.
23 February 2015 14:05
EU announces aid to pork industry hit by Russian ban
European Agriculture Commissioner Phil Hogan announced measures to raise pork prices to help the industry hit by a Russian embargo.
23 February 2015 10:31
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
Germany rejects Greece 'take-it or leave-it' debt offer
Germany rejected a take-it or leave-it request by Athens for a six-month extension to its EU loan programme.
20 February 2015 13:05
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
Swiss prosecutor orders probe, search of HSBC offices
Investigators launched a search of British banking giant HSBC's Geneva offices as part of a money laundering probe.
18 February 2015 16:25
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
Greece handed ultimatum as eurozone bailout talks collapse
Eurozone ministers have handed Greece an ultimatum to request an extension to its bailout programme after crunch talks collapsed.
17 February 2015 14:18
French MPs to vote on controversial reform plan
Millions of tourists in Paris will be able to shop all-week long if French MPs pass a controversial set of reforms seen as vital to unblock its stuttering economy.
17 February 2015 14:08
Greece, eurozone thrash out high-stakes debt rescue changes
Greece goes into talks with its eurozone partners demanding changes to a massive international bailout.
16 February 2015 13:09
HSBC boss says SwissLeaks claims 'painful'
The boss of HSBC, which is at the centre of claims that it helped customers at its Swiss private bank avoid millions of dollars of tax.
14 February 2015 15:22
World Bank to provide up to $2 bn in aid to Ukraine
The World Bank said it is prepared to provide up to $2 billion in financial assistance to conflict-torn Ukraine this year.
13 February 2015 11:55
Nazarbayev urges state companies to support tenge
President of Kazakhstan Nursultan Nazarbayev has urged Kazakhstan's state companies to sell dollars and buy the tenge.
13 February 2015 01:41
Kazakh President calls to look for new markets for domestic products
President of Kazakhstan Nursultan Nazarbayev has declared it is time for domestic enterprises to search for new markets to sell their products instead of Russia.
13 February 2015 01:30
Plan to mitigate devaluation in Kazakhstan presented by Khudaibergenov, Ushbayev
With the coming of February Kazakhstan's population and businesses were holding their breaths waiting for the National Bank's next move on the tenge. Is devaluation inevitable and how bad can it be? Kazakhstani experts Olzhas Khudaiberganov and Anuar Ushbayev say they have a plan.
12 February 2015 13:16
Microsoft buys smartphone calendar app Sunrise
Microsoft announced that it has acquired hit mobile calendar application Sunrise in a deal reported to be valued about $100 million.
12 February 2015 12:58
Low oil prices won't spur world growth: Moody's
Low oil prices normally help grease the wheels of business and spur global economic growth, but Moody's said it would not revise its forecasts for the G20,.
11 February 2015 13:42