World Economy

  • Having conquered half the world, luxury Italian supermarket Eataly is getting ready to take on Europe, with a store in food-rival France the jewel in its crown, AFP reported.

    Founder Oscar…

    World-Economy
  • Aviva has been writing to thousands of motorists for the second time in two years after concerns that employees sold details of people who had recently had accidents to claims companies, BBC…

    World-Economy
  • China could tailor its financial regulations to help boost poorer regions, as part of efforts to raise 70 million people out of poverty, a senior central bank official said to Reuters.

    World-Economy
  • Increased infrastructure investment is key to stabilizing China’s economic growth, a top state advisor said on Sunday, while calling on the central bank to lower the cost of financing for…

    World-Economy
  • US housing stocks could be in for a boost if September data due out next week confirms strength that market watchers expect, according to Reuters.

    World-Economy
  • Austrian authorities are inviting investment banks to pitch next week to become the dealer-arranger for a planned tender offer for €11 billion ($12.5 billion) of Heta Asset Resolution AG bonds,…

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  • Greece will put off by a month the sale of majority stake in its biggest ports, Piraeus and Thessaloniki, the head of the country’s privatization agency said in a newspaper interview published on…

    World-Economy
  • Goldman Sachs Group Inc. is dismissing about 20 analysts globally in offices including London and New York after discovering they had breached rules on internal training tests, said people…

    World-Economy
  • ATM maker Diebold Inc. is offering to take over Wincor Nixdorf of Germany in a deal that would value the German company at more than €1.7 billion ($1.9 billion), Associated Press reported.

    World-Economy
  • Shares in German fashion Hugo Boss have sunk 10% after it said trading in the third quarter of the year had been weaker than expected, BBC reported. The company blamed a deteriorating market…

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  • Former IMF chief Dominique Strauss-Kahn is to pursue damages following allegations of “fraud” and “misuse of company assets” at the now-defunct investment firm Leyne Strauss-Kahn Partners (LSK),…

    World-Economy
  • In the space of a few minutes, investors in the Turkish lira and Russian ruble got a reminder about how quickly bullish sentiment can sour, Bloomberg reported.

    World-Economy
  • With oil prices hovering around $50 a barrel, Persian Gulf periphery governments have been forced to shore up their finances by borrowing in the capital markets and investing less money in their…

    World-Economy
  • The four members of the Walton family controlling more than half the shares of Wal-Mart Stores Inc. had $11 billion of their combined net worth evaporate Wednesday as shares of the retailer…

    World-Economy
  • Look for euro weakness next week, according to Credit Suisse Group AG.

    World-Economy
  • Foreign governments and central banks sold long-term US Treasuries at a record pace in August, according to Treasury Department data released Friday in Washington.

    World-Economy
  • The pound’s rally may continue next week, having strengthened against both the euro and dollar amid speculation monetary policy in both the US and euro area are likely to be looser for longer…

    World-Economy
  • US consumer sentiment rebounded strongly in early October, suggesting that the economic recovery remained on track despite headwinds from a strong dollar and weak global demand that have weighed…

    World-Economy
  • As Zambia’s currency has swooned to record lows, local reports say the country’s president has called for a national day of prayer to reverse the country’s fortunes, exacerbated by a prolonged…

    World-Economy
  • India’s plan to raise as much as $3.3 billion from selling a 10% stake in Coal India Ltd could be thrown off course by global investment banks under pressure from environmental groups to steer…

    World-Economy
  • Greece’s parliament has approved a new round of austerity measures - the first major test for leftwing Prime Minister Alexis Tsipras after snap general elections last month, triggered by dissent…

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  • Prime Minister Shinzo Abe’s government on Friday urged Japanese firms to help revive the flagging economy by using their hefty cash piles to boost capital expenditures, Reuters reported.

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  • Bank of England policymaker Kristin Forbes said on Friday that a slowdown in China and other emerging markets should not block a long-awaited British interest rate hike which she said…

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  • America’s economy is just so-so. That’s the perception among people who have money in the stock market.

    CNN Money and E*Trade partnered to poll 1,000 US investors who have at…

    World-Economy
  • China's Premier Li Keqiang said that with the global economic recovery losing steam, achieving domestic growth of around 7% is "not easy", according to a transcript of his remarks posted on the…

    World-Economy