Russia to tap $50bn from emergency fund

2015-02-27 15:00

Russia plans to spend more than $50bn from its emergency Reserve Fund in 2015 as falling oil prices cause the government's deficit to rise.

Greek aid extension tipped to win German approval

2015-02-27 12:49

A majority of German lawmakers are expected to back an extension of Greece's rescue package, despite plans by conservatives to rebel against Merkel's government.

Russia sanctions cost ExxonMobil $1bn

2015-02-27 10:15

US energy giant ExxonMobil says that US and European Union sanctions against Russia cost it $1bn last year.

Petrobras scandal about to hit Brazil's politics

2015-02-26 13:00

Brazil's top prosecutor is expected to file charges in coming days against politicians implicated in the Petrobras corruption scandal.

ECB willing to re-accept Greek bonds: Draghi

2015-02-26 11:47

The European Central Bank is ready to accept Greek government bonds as collateral for loans if the country proceeds with bailout-related reforms, ECB chief says.

World art sales hit new record in 2014

2015-02-26 09:54

Global art sales have set a fresh record in 2014 driven by acquisitions from new museums, while China maintained its place at the top of the market.

Eurozone backs Greek aid extension

2015-02-25 10:30

Greece has secured a four-month extension of its financial rescue when its eurozone partners approved a reform plan.

UK not ready for pension changes

2015-02-25 09:30

Britain's government and regulators are not ready for pension reforms, six weeks ahead of their launch date, the head of the insurance body says.

Cuban cigar maker eyes gain in US market

2015-02-24 12:45

Cuban cigar-maker Habanos envisions gaining 25% to 30% of the US premium cigar market if the United States lifts its trade embargo on Cuba.

Germany's IG Metall union agrees 3.4% wage rise

2015-02-24 10:16

Germany's biggest trade union, IG Metall, has agreed to a 3.4% wage increase for one year for the southwest region plus a one-off payment of €150.


Japan minister denies illegal funding

2015-02-27 13:15

Japan's environment minister has denied wrongdoing after a newspaper said his office appeared to have received improper funds.

BAT to fight UK plain packaging law

2015-02-27 10:45

British American Tobacco , the world's second-largest cigarette maker, says it will take action if the plan to put cigarettes in "plain packaging" is enacted.

Japan's jobless rate rises to 3.6%

2015-02-27 09:45

Japan's unemployment rate has climbed to 3.6% in January for the first rise in four months.

Myanmar culls chickens to contain H5N1 outbreak

2015-02-26 12:30

Myanmar has culled thousands of poultry to try to contain an outbreak of H5N1 bird flu, says health officials.

German consumer confidence hits 13-year high

2015-02-26 10:30

Consumer confidence in Germany is at its highest since late 2001, as rising optimism about the economy persuade German shoppers to open their wallets.

US home prices rise, service sector expands

2015-02-25 11:00

US home prices have risen again in December and activity in the services sector expanded in February, but a gauge of consumer confidence fell.

Fed flags rate hikes on meeting basis

2015-02-25 10:00

The Federal Reserve is preparing to consider interest rate hikes "on a meeting-by-meeting basis," a subtle shift of emphasis that helps lay the groundwork.

Greece makes more concessions to eurozone

2015-02-24 13:45

Greece's new leftist-led government has climbed down further to eurozone creditors on its plans to halt privatisations, boost welfare and raise the minimum wage.

France seeks to delay deficit target until 2018

2015-02-24 12:15

France wants to delay a target for bringing its budget deficit below 3% of growth domestic product by three years until 2018.

Israel begins power cuts over Palestine debt

2015-02-24 09:19

Israel's state-owned electric company has briefly cut power to two Palestinian cities to press for payment of what it said was $492m owed.

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