Greece will stay in eurozone: French PM

16 minutes ago

French Prime Minister Manuel Valls has sought to reassure Chinese concerns about the eurozone, insisting that Greece will stay part of the single currency.

Low gas prices seen fuelling US consumer spending

2015-01-30 09:12

The US economy has likely grown at a brisk clip as lower petrol prices buoyed consumer spending, in a show of resilience despite a darkening global outlook.

German economic prospects brighten

2015-01-29 11:45

The German economy has had a good start to 2015 thanks to falling oil prices and an export-boosting slump in the euro.

Italian businesses expect economy to grow

2015-01-29 10:45

Italy's economy is set to exit from a record-length recession and could post the strongest growth since the beginning of the millennium over the next two years.

Fed: US economic growth 'solid'

2015-01-29 09:45

The US Fed Reserve sees the economy growing 'at a solid pace' but remains 'patient' on monetary policy, leaving its unprecedented near-zero interest rate unchanged.

Whisky industry worth billions to UK economy

2015-01-28 09:48

Britain's whisky trade is worth over £5bn to the economy each year and provides over 40 000 jobs, according to a study.

Putin's office slams S&P rating

2015-01-27 18:00

Russian President Vladimir Putin says decisions taken by credit rating agencies are politically motivated, after S&P downgraded the rating below investment grade.

Oil price too low - Saudi Aramco chief

2015-01-27 14:30

World oil prices have fallen too far, state-owned energy giant Saudi Aramco says, stressing that it is for the market and not Opec producers to shore them up.

Coupons may help the poor cope - Russia

2015-01-27 13:00

With bread prices set to rise as suppliers pass on increased production costs, the Russian government is urged to use food coupons to aid low-income consumers.

S&P downgrades Russia's credit rating

2015-01-27 09:15

Ratings agency S&P has cut Russia's sovereign credit rating to junk status, bringing it below investment grade for the first time in a decade.

Russia bans salt imports from Ukranian firm

2015-01-26 18:30

Russia's consumer rights watchdog says it has imposed a temporary ban on salt imports from a state Ukrainian producer, citing a violation of legislation.

China imports Japan rice amid safety concerns

2015-01-26 17:00

Chinese consumers are adding Japanese rice to the list of everyday foods at a high price, as they fear that local alternatives are not safe.

Euro set to drop on ECB stimulus - experts

2015-01-26 13:41

The European Central Bank's decision to buy bonds worth €60bn per month will likely push the euro down to parity with the dollar or even below, predict analysts.

Italy eyes 'bad bank' to clean up risky loans

2015-01-26 11:00

Italy is considering setting up a state-backed 'bad bank' to help clean up its banking sector, Economy Minister Pier Carlo Padoan says.

France plans labour reform bill

2015-01-26 10:00

The French government will use legislation to reform rules on worker representation after talks between trade unions and employer groups ended without agreement.

Global focus on SA policies

2015-01-26 07:25

Unless there is a dumb political decision around the corner, South Africa's geographical isolation is a blessing in an increasingly aggressive world, says Alec Hogg.

Zuma: Investors heard our message

2015-01-24 12:04

President Jacob Zuma says on his return from the economic forum meeting held in Davos that investors understand that there are challenges in SA.

Egypt growth to be 'easily north of 4%'

2015-01-23 14:30

Egypt can expect economic growth "easily north of 4%" in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices.

ECB warns Greek banks on managing liquidity

2015-01-23 12:15

The European Central Bank has written to Greece's top four banks, warning them to pay close attention to liquidity management ahead of the election.

China factory growth stalls

2015-01-23 10:15

China's manufacturing growth has stalled for the second straight month in January and companies have had to cut prices at a faster clip to win new business.

Davos debate degenerates over Europe economy

2015-01-22 16:49

Instead of being a serious debate about the merits of monetary stimulus, the panel at Davos quickly degenerated into a skirmish over the European economy.

Russian bond auction flops

2015-01-22 14:30

Russia's first attempt to borrow on financial markets since November has flopped as Moscow only raised a fifth of the amount it was seeking.

China pumps cash into banks in bid for growth

2015-01-21 17:30

China's central bank has bolstered support for the cooling Chinese economy by injecting another 50bn yuan worth of short-term loans into banks.

UK unemployment at six-year low

2015-01-21 15:00

Britain's unemployment rate has fallen to 5.8% in the three months to November, official figures released recently show.

Russia may see oil output fall

2015-01-21 14:00

Russia may see a natural decline in oil output by around 1 million barrels per day at most, but has no plans to cut production in coordination with Opec.


EU wins Greek backing to extend Russia sanctions

2015-01-30 09:39

European Union foreign ministers have extended existing sanctions against Russia, holding off on tighter economic measures.

UK house price growth slows again in January

2015-01-29 12:15

British house price growth has slowed on an annual basis for a fifth month in a row in January, figures from mortgage lender Nationwide shows.

Greece seeks to reassure bank investors

2015-01-29 11:15

Greece's new government will meet shareholders from Eurobank, the country's second-biggest lender, to discuss the bank's future.

Greek PM freezes privatisations, markets tumble

2015-01-29 10:15

Leftist Greek Prime Minister has thrown down an open challenge to international creditors by halting privatisation plans agreed under the country's bailout deal.

EU investment plan could create 2.1m jobs

2015-01-28 16:45

The European Commission's €315bn investment plan to spur growth could create more than 2.1 million net new jobs, lowering the bloc's jobless rate by 1%.

US consumer confidence jumps to pre-crisis

2015-01-28 09:20

A long-running index of US consumer confidence has shown sentiment soared to a pre-crisis high in January, according to a survey.

Property market on the rise

2015-01-27 17:37

The property market appears to be strengthening after a "lull" in the residential sector in the first half of 2014, says First National Bank.

New Cape CiTi CEO focuses on tech, jobs

2015-01-27 14:20

The first priority for the new Cape Innovation and Technology Initiative (CiTi) chief executive is to partner with tech-friendly organisations to accelerate innovation.

Little support for Greek debt write-off

2015-01-27 09:45

Eurozone ministers have spoken out against the idea of writing off Greek debt, hours after a new government advocating such a move was overwhelmingly elected.

EU open to Greek debt extension, not relief

2015-01-26 19:00

Europe has given signs that it may give Greece time to pay its debt, but seems unwilling to give in to the new government's demands of debt forgiveness.

Swiss stability bad for home ownership

2015-01-26 18:00

Croatian homeowners are facing a battle in paying off their mortgages as their principal debt never goes down, even after 10 years of paying.

Should the eurozone fear demon deflation?

2015-01-26 14:30

If the multi-billion dollar consumer electronics industry can function fine with constantly falling prices, why is deflation in the broader economy such a threat?

Greek govt 'must stick to reform path'

2015-01-26 13:30

Bundesbank President Jens Weidmann says Greece will continue to need aid and will only get this by sticking to agreements.

Germany's toy industry looks to latest trends

2015-01-26 10:30

It's all about the latest trends, established classics and the biggest earners at the largest toy fair in the world, but the volume of choice is overwhelming.

Workers in Europe's oil hub hope for the best

2015-01-26 09:30

Oil workers are putting a brave face on hundreds of job cuts linked to sinking crude prices while union leaders warn that the worst is yet to come.

How entrepreneurship boosts inclusive growth

2015-01-25 13:30

Inclusive entrepreneurship is more than just a handful of interesting stories, it is a powerful way to create more equitable societies, explains Linda Rottenberg.

Eurozone reforms to continue - Merkel

2015-01-23 17:45

The European Central Bank's bond-buying programme must not be used as a justification by eurozone governments to slacken economic reforms, says German Chancellor Angela Merkel.

French union, employer talks fail

2015-01-23 12:45

French trade unions and employer groups have failed to reach an agreement in a final bid to spur job creation in a moribund market.

Merkel warns Europe to not stray from reform path

2015-01-23 10:45

German Chancellor Angela Merkel has warned fellow European leaders not to ease off on economic reforms after the European Central Bank announced bold new moves.

S Korea's economy slows sharply

2015-01-23 09:43

South Korea's economy has slowed sharply in the final quarter of 2014, with growth hovering around six-year lows.

ECB works on plan to revive eurozone

2015-01-22 14:45

The European Central Bank is poised to announce a plan to buy government bonds as last resort as it tries to breathe life into the the flagging eurozone economy.

Fear of deflation grips China's economy

2015-01-22 13:00

China's economy is growing at its lowest in nearly of a century, risks of deflation are growing just as a slump in oil prices raises similar fears in Europe.

US more attractive place to invest than China

2015-01-21 15:00

Despite worries over the global economy, the United States has overtaken China as the number one investment destination among the world CEOs.

Germany to account EU on foreign truckers' wages

2015-01-21 14:30

The EU is to call Berlin to task over a new law stating that foreign drivers should be paid the German minimum wage for any hours spent on German roads.

Europe on brink of deflating - source

2015-01-21 13:30

The European economy is "on the brink of deflating" and urgently needs more stimulus, particularly from the continent's largest economy, Germany.

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