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BUSINESS

Bundesbank cuts growth forecasts

AFP, Published on 05/12/2014

» FRANKFURT - The German central bank on Friday downgraded its growth forecasts for the German economy, Europe's biggest, for 2014, 2015 and 2016.

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BUSINESS

EU slashes growth outlook

AFP, Published on 04/11/2014

» The EU sharply cut its growth forecasts for the eurozone on Tuesday, warning that France and Italy remain huge problems for the sluggish European economy while calling for investment.

BUSINESS

Tesco chairman quits as profits error

AFP, Published on 23/10/2014

» The chairman of Britain's biggest retailer Tesco resigned on Thursday as the troubled supermarket group said a huge accounting error began earlier than thought and contributed to plunging profits.

BUSINESS

Markets dip on bad news from China

AFP, Published on 05/08/2014

» HONG KONG — Asian stocks slipped on Tuesday after an HSBC report showed the performance of China's service sector fell to a record low in July, and despite a positive lead from Wall Street.

BUSINESS

Asian shares gain ahead of China data

AFP, Published on 14/07/2014

» HONG KONG — Asian shares rose on Monday as traders awaited a flurry of key economic data this week including Chinese growth figures that will shed light on the strength of the world's second largest economy.

BUSINESS

Indonesia stocks down, others up

AFP, Published on 10/04/2014

» JAKARTA - Indonesian stocks slipped more than 3% Thursday after the main opposition failed to perform as well as expected in legislative elections, sparking fears of future policy deadlock in Southeast Asia's biggest economy.

BUSINESS

Emerging market currencies buckle

AFP, Published on 30/01/2014

» Emerging markets faced intense pressure on Thursday after the US Federal Reserve cut its stimulus further, with currencies sliding in India, South Africa and Turkey despite interest rate rises.

BUSINESS

Cuba scraps exit permits for foreign travel

AFP, Published on 16/10/2012

» Cubans will no longer require exit permits for foreign travel from January 14, the government said Tuesday, the latest in a trickle of reforms enacted on the communist-ruled island.

BUSINESS

Thai firm pleads guilty over Australian oil spill

AFP, Published on 31/08/2012

» SYDNEY - A Thai state-owned firm on Thursday admitted four charges over a huge oil spill off northwestern Australia, the country's worst ever offshore drilling accident.

BUSINESS

Hollande vows new strategy for Europe

AFP, Published on 15/05/2012

» Francois Hollande was sworn in as president of France on Tuesday with a solemn vow to find a new growth-led strategy to end the crippling debt crisis threatening to unravel the eurozone.