Tuesday, June 2, 2015
The IMF said Sunday it has lowered its growth forecast for Ukraine's war battered economy to minus 9 percent, due in large part to "the unresolved conflict in the East."
Monday, June 1, 2015
Russian Foreign Minister Sergey Lavrov needs to explain why 89 European politicians have been banned entry into Russia and confirm their names, an opposition lawmaker requested Sunday in a formal complaint.
Greens in the European Parliament on Sunday called for a debate on a travel ban imposed by Russia on 89 European citizens -- many of them outspoken Kremlin critics.
Barclays has launched an internal review into whether its accounts were used for corrupt payments by FIFA officials, a banking source told AFP on Sunday.
The European Central Bank, bolstered by the success of its controversial bond purchase program, will pledge to keep it in place while downside risks to economic growth remain, analysts said.
Bank of America has been fined US$30 million by U.S. regulators, who accused the bank of violating consumer protections for members of the military in collecting debts.
Saturday, May 30, 2015
German retail sales, a closely watched measure of household confidence, bounced back strongly in April after falling the previous month, official data released Friday showed.
Denmark registered its seventh straight quarter of growth in January-March, rising by 0.4 percent from the previous three-month period, data showed Friday just three weeks ahead of a general election.
The Swiss economy contracted by 0.2 percent in the first quarter of this year, the national statistics agency said Friday, as the sharp appreciation of the franc hammered the country's key export sector.
Friday, May 29, 2015
European Union nations and legislators have reached a deal in principle to create a fund that could generate up to 315 billion euros (US$345 billion) in private- and public-sector investment to upgrade infrastructure, stimulate the EU's sluggish economies and ignite job growth.1 Comment