News about economy

Eurozone ministers make progress on Banking Union

Eurozone finance ministers said early Wednesday they had made progress on a new bank regulatory system, especially on the funding of a mechanism to close failing banks before they damage the economy.
18 December 2013 10:01

US jobless rate drops to five-year low

The US jobless rate fell sharply to 7.0 percent in November, a five-year low, raising the odds Friday that the Federal Reserve could soon cut its huge stimulus program.
07 December 2013 12:58

Tokyo to launch $53.8 bn stimulus package

Tokyo will announce a spending package worth almost $54 billion on Thursday, media reports said, in a bid to offset a tax hike that comes into effect next year and which critics fear will derail Japan's economic recovery.
05 December 2013 17:38

China sniffs out EEurope investment opportunities

Chinese Prime Minister Li Keqiang arrives in Romania on Monday ahead of a summit with 16 Central and Eastern European leaders keen to woo investment from the world's number two economy.
25 November 2013 12:43

Exchange Rates

 468.27   534.16   6.13 

 

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