All posts in World & Politics

China flag

IMF predicts slower economic growth for China

The International Monetary Fund (IMF) has lowered its forecast for China’s economy growth to 7.75% for this year,lower than the 8% forecast for 2013 that the IMF published in its World Economic Outlook in April this year, the BBC has […]

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Acropolis, Greece

Greece aims to sell stakes in Postbank and Proton Bank in July

Greece's rescue fund Hellenic Financial Stability Fund (HFSF) intends to divest Hellenic Postbank SA (ATH:TT) and Proton Bank SA by the middle of July, Reuters said, citing an

Ljubljana Slovenia at night

Slovenia to privatise 15 companies to avoid EU bailout

Slovenia's government plans to dispose of 15 state-owned companies, including its second largest bank Nova KBM, largest telecommunications group Telekom Slovenia, flag carrier Adria Airways and Ljubljana Airport,

Global Economy

Global economy faces continued sluggish growth, according to Dun & Bradstreet

US commercial information provider Dun & Bradstreet (NYSE: DNB) said it has published a five-year forecast of the global economy predicting continued but sluggish growth against challenging headwinds, differing from

George Osbourne

IMF comments put pressure on UK chancellor

The chief economist of the International Monetary Fund (IMF) has suggested that the UK should consider slowing down its programme of spending cuts and tax rises. Olivier Blanchard told

David Cameron

UK prime minister pledges referendum on EU membership

The UK faces years of uncertainty over its place in the European Union, critics claim, after Prime Minister David Cameron promised to hold a referendum on membership of

US dollars

US banks see higher earnings on capital market activity, mortgage refinancing

Increased capital market activity drove stronger earnings and increased profitability for major US banks in the third quarter of last year, according to ratings agency Fitch Ratings. Fitch said

Asian shares

Shares in Asia rise on news of US “fiscal cliff” compromise

Stock markets in Asia opened higher this morning following a last minute deal, passed by the US House of Representatives, to halt tax hikes and spending cuts


US Treasury sells remaining AIG shares for $7.6bn

New York-based insurer American International Group, Inc. (NYSE: AIG) has announced the completion of an offering of approximately 234.2m shares of AIG common stock by the US Department of the Treasury (Treasury). According to AIG, Treasury received proceeds of

US Treasury

US economy poised for growth, but austerity threatens

According to a report from Canada-based financial services firm Toronto Dominion's (TSX: TD) (NYSE: TD) US-based TD Bank's TD Economics affiliate, the main obstacle standing in the path of faster US economic

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