News about economy

Greece may need new bailout of 10bn euros

Greek Finance Minister Yannis Stournaras said that if Greece required a new bailout in 2014, it would be a "much smaller" package of around 10 billion euros with no austerity conditions attached.
26 August 2013 13:18

China manufacturing rebounds: HSBC

A closely watched indicator of Chinese manufacturing turned positive for the first time in four months in August, HSBC said Thursday, in a sign of renewed strength in the world's second-largest economy.
22 August 2013 13:36

Cisco to cut 4,000 jobs

Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.
15 August 2013 15:17

Analysts see return to growth in eurozone

Figures due Wednesday are expected to show the eurozone finally edging out of a record 18-month recession which has cost millions of jobs and tested the single currency bloc to near breaking point.
13 August 2013 15:37

Mexico proposes opening oil sector to foreign firms

Mexico's President Enrique Pena Nieto proposed sweeping reforms of the country's oil sector Monday that would allow foreign energy firms back into the industry 75 years after being thrown out.
13 August 2013 11:06

China industrial data helps oil rebound

Oil prices charged back Friday after falling for five straight sessions, helped by stronger-than-expected numbers on Chinese industrial output in July.
11 August 2013 11:23

US stocks see modest gains after busy week

A jam-packed week of economic data and corporate earnings amounted to only modest movement in US equities, as stocks closed out a hectic week of news Friday only somewhat higher.
03 August 2013 17:54

Old newspaper era is over, Obama says via Kindle

President Barack Obama acknowledged the problems facing the US newspaper industry, ironically in an interview that was distributed via online retail giant Amazon's Kindle e-reader.
02 August 2013 10:34

Biden in Mumbai to boost US-India trade ties

US Vice President Joe Biden is expected Wednesday to urge India to further open its doors to foreign investment, during his visit to boost bilateral ties between the world's two largest democracies.
24 July 2013 18:57

Kazakhstan retains GDP growth at 5.1%

The economy growth is driven by the growing consumer spending: the country’s retail turnover has grown by 12.3% since the start of the year: Economic Affairs Minister.
23 July 2013 11:44

Exchange Rates

 468.27   534.16   6.13 

 

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