WASHINGTON, March 7- The International Monetary Fund mission to Ukraine is "progressing well" and Ukrainian authorities are committed to economic reforms, a senior IMF official said on Friday after a visit to the country.» Read More
The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.
A Dubai-based for-profit education company GEMS Education is planning a major global expansion as it seeks to secure a larger share of what it believes is a $3 trillion global market, but those expansion plans have also raised questions about the role of for-profit companies.
Prime Minister David Cameron promised on Wednesday to give Britons a straight referendum choice on whether to stay in the European Union or leave within the next parliament if he is re-elected at the next election in 2015.
Cyprus may seem too small for markets to care. But UBS has warned that the Mediterranean island is big enough to cause trouble in the euro zone after seeking a bailout from the troika, made up of the International Monetary Fund, the European Commission and the European Central Bank.
The European Central Bank should keep monetary policy easy and perhaps try to lower borrowing costs further to help the euro zone's struggling economy, the head of the International Monetary Fund said on Thursday.
A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.
Latin American markets have been a prime target for Spanish companies because of their language advantage, and giants such as Telefonica and Banco Santander have increased their exposure there to compensate for problems in their domestic market.
As it seeks a new chief to lead it out of a negotiating death-spiral, the World Trade Organization looks doomed to be fatally undermined by new global carve-ups that will leave many of the world's poorest sidelined.
Venezuela's top court ruled that Hugo Chavez 3rd term inauguration could be delayed, backing both the president-elect and his supporters.
Japan launched its second-ever trade complaint against China at the World Trade Organization on Thursday, challenging Beijing's claim that Japanese steel firms are competing unfairly in the world's biggest steel market.
Europe's leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece.
OPEC agreed on Wednesday to hold its oil production limit unchanged at 30 million barrels a day, delegates at the meeting said. Ministers of the Organization of the Petroleum Exporting Countries continued in closed session to debate who should be the group's next secretary general. They were divided over candidacies from Saudi Arabia and Iraq.
Dominique Strauss-Kahn and a New York City hotel maid have settled her lawsuit that alleged sexual assault.
The Asian Development Bank lowered its 2012 and 2013 growth estimates for developing Asia on Friday as frail global demand drags on the region.
Germany and France publicly clashed on Tuesday over plans to put the European Central Bank in charge of supervising banks, deepening a dispute over the scope of the ECB's powers that threatens to undermine one of Europe's boldest reforms.
Greece has hired Deutsche Bank and Morgan Stanley to conduct a voluntary buy back of its debt, a senior finance ministry official told Reuters.
Greece’s international lenders once again failed to reach an agreement on how to bring down its debt levels, delaying the release of vital aid to Athens and pushing the euro lower. Yet all is not lost for Greece and the single currency, analysts told CNBC.
The euro, which hit a two-month low against the dollar on Tuesday as hopes that Greece would receive essential aid soon, faces further losses as concern about Greece’s future grow, currency analysts warn.
The state’s grip on the economy has been tightening. Could foreign pressure persuade the new leadership to reverse course?
Will they or won’t they? That’s the big question markets have been asking about Spain for the past few weeks—whether the country will ask for a credit line from Europe’s rescue fund and trigger a bond-buying program by the European Central Bank (ECB).