On Thursday, as more investors fled Greek bonds, they drove the government’s long-term borrowing costs to nearly 9 percent — up from 7 percent on Wednesday and the highest ... Read More
India’s coal imports in September zoomed up by 19% to 16 million tons as compared to a year ago, no thanks to low output from the state-run Coal India ... Read More
German Chancellor Angela Merkel told parliament on Thursday that Europe must push ahead with efforts to cut public deficits and improve competitiveness because the euro zone debt crisis has ... Read More
The UK has blocked a €5bn deal by Russian billionaire Mikhail Fridman to acquire gas fields in the North Sea, as even private Russian companies with no connection to ... Read More
China’s broadest measure of new credit rose to a three-month high in September as the central bank’s targeted measures to boost liquidity helped spur lending. Aggregate financing was 1.05 ... Read More
Global central bankers, eager to see the economy stand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world ... Read More
From Moscow to Caracas, Riyadh to Baghdad, in Tehran, Algiers, Kuwait City and Lagos, officials are confronting the plunge in prices — roughly 25 percent since a peak in ... Read More
Lloyds has jettisoned €1.1bn (£883m) of bad bank. Lloyds Banking Group, which is partly owned by the UK government, has sold its Irish residential home loans to Lone Star, ... Read More
US drug firm AbbVie has recommended that is shareholders vote against a £32bn takeover offer for rival Shire. It said recent tax changes had introduced an “unacceptable level of ... Read More
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), and the Small Enterprise Assistance Funds (SEAF), ... Read More
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