site.news_by_theme economy
UniCredit, feeling squeeze from low rates, cuts 18,200 jobs
Italy's top bank UniCredit announced plans to shed over 18,000 jobs in an effort to stay profitable as low interest rates and the weak economy weigh on earnings.
12 November 2015
French PM says opposed to Renault, Nissan merger
French Prime Minister Manuel Valls said he was opposed to a full merger of Renault and Nissan, but wanted to "preserve the alliance", following a week of mounting tensions over the role of the state in the carmaker.
09 November 2015
IMF chief urges Gulf to adapt to sustained oil price drop
International Monetary Fund chief Christine Lagarde warned that global energy prices could remain low for years and urged Gulf countries to adjust their budgets.
09 November 2015
Obama rejects Canada's Keystone XL pipeline to US
US President Barack Obama on Friday blocked the Keystone XL oil pipeline that Canada sought to build into the United States, ruling it would harm the fight against climate change.
07 November 2015
Estonia PM questions Baltic plan to price Soviet occupation
Estonia's premier raised doubts Friday about the decision of three Baltic states to calculate how much money they lost under some 50 years of Soviet occupation.
07 November 2015
Second Baltic pipeline will cost Ukraine $2bn a year: PM
Ukrainian Prime Minister Arseniy Yatsenyuk blasted a planned second gas pipeline under the Baltic Sea, claiming it would cost his country $2 billion (1.8 billion euros) a year in lost revenue.
06 November 2015
Moody's cuts VW's credit rating amid emissions scandal
Moody's hit embattled German automaker Volkswagen with a credit downgrade, saying the company's reputation and earnings were at risk from the growing emissions cheating scandal.
05 November 2015
Moscovici confident of 'compromise' with Greece on remaining reforms
The EU's economic affairs commissioner, Pierre Moscovici, voiced confidence that Greece would reach a "compromise" with its creditors by the end of the week on remaining reforms demanded under its third bailout.
04 November 2015
VW sales in United States hit by emissions scandal
Volkswagen sales in the US market appeared to take a hit last month from the company's huge emissions scandal.
04 November 2015
Commerzbank plans dividend for 2015 despite drop in Q3 profits
Commerzbank, Germany's second biggest lender, said that profits were down in the third quarter, but it still planned to pay out a dividend to shareholders for the whole year.
02 November 2015
India's Modi urges 'comprehensive' climate deal
India's Prime Minister Narendra Modi called Thursday for a "comprehensive and concrete" agreement on climate change in December, as he addressed African leaders at a major summit in New Delhi.
29 October 2015
Britain's Cameron defeated over welfare cuts for poor
British Prime Minister David Cameron suffered a damaging blow over plans to cut help for low-income working families that drew flak from within his Conservative party.
27 October 2015
Greece 'has no time to lose' to meet creditor demands: Dombrovskis
The European commissioner for the euro told Athens it has "no time to lose" in carrying out reforms its international creditors have demanded in exchange for bailout funds.
26 October 2015
Russia to open $5 bn Iran credit line: Tehran
Russia plans to open a $5 billion credit line for Iran to help finance infrastructure projects in the country, officials from both countries said during a visit by Moscow's energy minister.
23 October 2015
China's Xi promises no 'hard landing' for economy
Chinese President Xi Jinping promised "no hard landing" for the world's second largest economy despite its slowdown, during a state visit to Britain focused bolstering business and trade ties.
22 October 2015
Pomp and protests as China's Xi meets Queen Elizabeth II
Chinese President Xi Jinping enjoyed a glittering state banquet hosted by Queen Elizabeth II at Buckingham Palace in a visit to Britain focused on business deals and stronger trade ties.
21 October 2015
Deutsche Bank accidentally sent client $6 billion: report
Germany's biggest lender Deutsche Bank accidentally sent $6 billion to a client after entering the wrong numbers, Bloomberg News reported.
20 October 2015
Weight Watchers soars after Oprah tips investment scale
Weight Watchers shares more than doubled in value after US media star Oprah Winfrey said she will buy a 10 percent stake in the struggling company.
20 October 2015
S&P upgrades Ukraine from 'selective default'
Standard and Poor's upgraded Ukraine's credit rating from "selective default" thanks to the cash-strapped former Soviet country's ability to strike a major debt write-restructuring deal.
20 October 2015
Brazil finance minister to keep job: president
Brazilian President Dilma Rousseff sprang to the defense of her embattled finance minister, saying she would not be pressured into sacking him.
19 October 2015