SOCHI, Russia, Sept 19- Prime Minister Dmitry Medvedev said on Friday that Russia would not isolate its sanctions-hit economy from the West but said improving relations with Asian countries has become a key strategy.» Read More
CAIRNS, Australia, Sept 19- U.S. Treasury Secretary Jack Lew said on Friday the global economy continues to underperform, particularly the euro area and Japan, while a number of emerging market economies were also slowing. "The United States continues to be a source of strength in the global economy," Lew said in remarks with his Australian counterpart Joe Hockey.
Robert Zoellick, Former President of the World Bank, examines the factors behind the growth slowdown in Europe, China and Japan.
NEW YORK— Air Products& Chemicals Inc. plans to restructure its business into seven divisions next month as it seeks to boost growth. On Oct. 1, the company will break up its industrial gases business by location: the Americas; Europe, the Middle East and Africa; Asia; and global. Shares of Air Products rose $2.12 to $133.04 Thursday.
Nigel Farage, UK Independence party leader, is in favor of Scotland staying part of Great Britain. CNBC's Michelle Caruso-Cabrera provides insight.
CNBC's Michelle Caruso-Cabrera reports 4.2 million Scots are registered to vote for or against Scottish independence.
The U.S. stock market is higher in midday trading as investors received more encouraging news on the economy. Fewer Americans filed first-time claims for unemployment benefits last week, according to the Labor Department. Scotland opened polling stations for a referendum on whether the country will leave the United Kingdom and become independent.
LONDON, Sept 18- Investors are starting to price the risk of Russia's credit rating falling to junk if Western sanctions and Moscow's response plunge the economy into recession and deplete its $450 billion reserves. Moody's, which rates Russia Baa1 or three notches above junk, said this week that the latest sanctions were credit negative.
NEW YORK, Sept 18- The dollar rose to a more than six-year peak against the yen on Thursday, after data showed U.S. jobless claims fell more than expected last week, reinforcing the market's view that U.S. interest rates will rise sooner rather than later.
DUBLIN— Ireland's economy is growing at a rapid pace last experienced at the tail-end of the Celtic Tiger boom, government statisticians reported Thursday as economists declared that the country's debt crisis was dead and buried.
DUBAI, Sept 18- Falling oil prices may prove the best medicine for economies in the Arab world, rebalancing growth towards countries struggling to recover from the Arab Spring uprisings without doing major damage to the oil exporters of the Gulf.
ATHENS, Greece— Greek unemployment dropped considerably in the second quarter but still afflicts more than a quarter of the workforce, as the country struggles to climb out of a punishing six-year economic recession.
FRANKFURT, Germany— The European Central Bank has launched a new stimulus program aimed at getting banks to lend more— but low demand for the first round of its super-cheap loans suggests the difficulty the ECB faces in reviving the economy.
*Banks take 82.6 billion euros of cheap credit from ECB. FRANKFURT, Sept 18- The European Central Bank handed out the first of its new four-year loans to banks on Thursday, the flagship tool in a new stimulus package it hopes will stave off price deflation and revive the ailing euro zone economy.
TOKYO, Sept 18- Confidence at Japanese manufacturers fell the most in nearly two years in September as a tax increase hit the economy harder than expected, while exports slid in August in a further sign that conditions have deteriorated in the crucial third quarter.
SYDNEY, Sept 18- G20 host Australia is leading a push to draw a line under the global financial crisis, urging the group of top economies to swiftly finalise regulations aimed at preventing a repeat of the crash and focus on measures to revive sputtering global growth.
Clem Chambers, CEO of ADVFN, discusses whether Scotland can thrive if the country gains independence in Thursday's referendum.
*Loose Fed policy likely to remain until well into 2017. WASHINGTON, Sept 17- Federal Reserve officials nudged their expected path of interest rate increases higher on Wednesday, but did little to change the outlook for a long slow climb back up to normal monetary policy.
WASHINGTON— The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar. Walgreen provided enough flu shots last season to protect a population roughly twice the size of Los Angeles.
On Wednesday, the Federal Reserve signaled that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar. Earlier in the day, investors were cheered by news reports that China's central bank would inject a total of 500 billion yuan into the five biggest state banks over three months.
CNBC.com Executive News Editor Patti Domm explains the headlines beyond the Fed and Alibaba that traders are watching, mainly the closely watched secession vote in the United Kingdom.
Get the best of CNBC in your inbox