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Monday, December 22, 2014
For Russia's economy, worst is yet to come
Deep recession, skyrocketing prices and a fragile banking system: although the ruble seems to have stabilized after its abysmal drop this past week, Russia still faces the heavy consequences of the turbulence.
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Saturday, December 20, 2014
European Union leaders agreed Thursday to create a strategic investment fund that could generate up to 315 billion euros (US$386 billion) in private- and public-sector money to upgrade infrastructure, jumpstart the EU's sluggish economies and ignite job growth.
Thursday, December 18, 2014
Official figures show Britain's unemployment rate was 6 percent in the three months to October, its lowest level since the 2008 financial crisis.
Wednesday, December 17, 2014
Britain's four biggest lenders have passed the Bank of England's (BOE) stress tests, which are designed to show their ability to withstand a new economic crisis, the central bank said Tuesday.
Tuesday, December 16, 2014
Bankers at war: Portugal probe exposes crisis feud
Beware of bankers bearing a grudge.
Sunday, December 14, 2014
Ratings agency Fitch cut France's credit grade by one notch to “AA” on Friday, saying Paris's efforts to trim its fiscal deficit have fallen short to avoid a downgrade.
Saturday, December 13, 2014
Industrial output in the eurozone rose a very slight 0.1 percent in October, official data showed on Friday, in another sign that the European economy remains stalled.
Friday, December 12, 2014
Russia's central bank on Thursday jacked up its key lending rate again, in a bid to stem the ruble's rapid slide and slow rising prices but the currency swiftly sank to fresh lows.
Greek stocks on Thursday tumbled for a third straight day over fears that early elections could take place by February, a bad omen for the fragile recovery.
Thursday, December 11, 2014
Greek stock market plummets on fear of political crisis
The Greek stock market had its biggest plunge since 1987 Tuesday as concerns mounted that the country is heading for a political crisis that could jeopardize its financial rescue program.
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