News about economy
IMF fights negative interest rates
The IMF announced a minimum interest rate on its unique SDR currency as it fights off the impact of sagging interest rates and deflation from major economies.
25 October 2014 12:58
Italian PM vows to publish cost of EU institutions in budget row
Italian Prime Minister Matteo Renzi announced his intention to make public the cost of the European institutions, as a row exploded over his country's budget plans.
24 October 2014 14:41
Britain's Cameron in new row over EU demand for extra 2.1 bn euros
Prime Minister faces a fresh showdown with the EU after Brussels demanded an extra 2.1 billion euros from Britain because its economy is thriving while Europe stalls.
24 October 2014 09:59
Will Kazakhstan cut on social spending amid sliding oil prices?
Experts predict Kazakhstan's actions amid growing pressure at the oil market.
22 October 2014 21:26
Total names new head, and chairman after CEO death: union
Total named Patrick Pouyanne, currently head of refining and chemicals, as its new chief executive while former CEO Thierry Desmarest was appointed chairman.
22 October 2014 17:53
France calls on Germany for 50 bn euros in investments
Cash-strapped France called on Europe's economic powerhouse Germany to invest 50 billion euros more by 2018.
20 October 2014 14:21
Kazakhstan wants 2/3 of 2022 Olympics costs to be funded by investors
Vice-Minister of Culture and Sports of Kazakhstan said that Kazakhstan was planning to use a mixed model of financial management should it be granted the right to host the Winter Olympic Games in 2022.
19 October 2014 13:50
Dollar gains as eurozone concerns linger
The dollar Friday climbed against other currencies following dovish comments from US and British central bankers and continued concern about the eurozone
18 October 2014 15:31
Putin calls on Europe to help Ukraine pay gas debts
Russian President Vladimir Putin called on Europe to help Kiev cover its gas debts with Moscow following talks with his Ukrainian counterpart.
18 October 2014 11:59
Stock market plunge an 'over-reaction': IMF's Lagarde
International Monetary Fund chief Christine Lagarde said the plunge in global stock exchanges this week was due to a market "over-reaction".
18 October 2014 11:31
Russia's Rosneft takes EU to court over sanctions
Russian oil giant Rosneft and a close associate of President Vladimir Putin are fighting the EU in court over sanctions imposed on some of Russia's biggest companies.
18 October 2014 10:34
Wal-Mart trims full-year sales forecast
Wal-Mart, the world's largest retailer, cut its sales forecast for its next fiscal year and projected a drop in capital spending.
16 October 2014 13:21
Renzi unveils 2015 budget, says Italy ready to answer to EU
Italy's cabinet approved a 2015 budget just hours before an EU deadline, unveiling plans to increase borrowing to slash taxes by 18 billion euros.
16 October 2014 12:16
Oil prices and currency rates approach alarming levels for Kazakhstan
Financial analyst Anna Kokoreva explains how the oil prices pressure Kazakhstan's economy.
15 October 2014 18:55
More than 82 million in poverty in China: official
More than 82 million people in China still live on less than about $1 a day, despite a decades-long boom that made it the world's second-largest economy.
15 October 2014 16:21
Luxury groups Burberry, Mulberry shaken by outlooks
British luxury handbag maker Burberry warned over its outlook, as smaller rival Mulberry issued a profit warning against a background of global growth strains
14 October 2014 15:22
France's Jean Tirole, a leading economist 'of our time'
French economist Jean Tirole is a master of game theory and industrial organisation, who added a Nobel prize to a gleaming heap of honours for his work.
14 October 2014 13:20
Russia's ruble hits new record low as oil price adds pressure
Russia's ruble slumped to new all-time lows against the euro and dollar despite the central bank spending billions to defend the currency.
14 October 2014 13:05
New Swedish government blames predecessor for 'poor' finances
Sweden's new Social Democrat-led government lowered the growth forecast, blaming sweeping tax breaks by the outgoing conservative coalition for a "large hole".
14 October 2014 10:54
Olympics is a celebration of sport, not vanity fair: Kazakh expert
Kazakhstani expert Nurlan Nurov talks about the possibility of Kazakhstan hosting the Olympics 2022 and the financial aspect of the endeavour.
13 October 2014 20:01