Friday, December 27, 2013
Ratings agency Standard and Poor's on Thursday raised its outlook for Ukraine to stable from negative, saying a multi-billion dollar bailout deal from Russia should mean Kiev meets its external financing needs over the next year.
Wednesday, December 25, 2013
Russia has accused the European Union of violating global free trade measures in its first complaint before the World Trade Organisation, the economy ministry said Tuesday.
France's economy contracted 0.1 percent in the third quarter, the statistics body INSEE confirmed Tuesday, but indicated the country should dodge recession by growing at the end of 2013.
Tuesday, December 24, 2013
Investors have received billions of euros from European companies so cautious about the economic outlook they could find nothing better to do with spare cash, but many now want boards to snap up rivals instead — and are rewarding them when they do.
Monday, December 23, 2013
An EU system to prevent a repeat of the massive bank bailouts which crippled the economy is a major step but it is also too complicated when speed is absolutely essential, analysts said.
“I would never have thought we'd come to this,” sighed Chris, collecting a bag of free food from a Nicosia church as the economic crisis in Cyprus bites.
Saturday, December 21, 2013
Standard & Poor's on Friday confirmed its top 'AAA' credit rating for Britain, noting the government's commitment to reducing its budget deficit.
Friday, December 20, 2013
EU finance ministers Wednesday reached a banking union accord which will hand Brussels unprecedented new powers to prevent failing banks from wrecking the economy, official sources said.
The Bank of Cyprus (BoC) announced Wednesday a nine-month net loss of 1.94 billion euros (US$2.66 billion), mostly on the back of provisions for winding up its Greek operations and bad loans.
British car manufacturing output is on track to hit a six-year high of over 1.5 million vehicles in 2013 and further growth is likely next year, a leading automotive group said on Thursday.