Search Results for: economy
Brent steady above 61 dollars
December 18th, 2014
Brent crude held steady above $61 a barrel on Thursday, bringing a sharp drop in prices to a temporary halt as companies are forced to cut upstream investments around the world. Chevron Corp has put a plan to drill ...
Russia’s economic crisis: five key charts
December 18th, 2014
Russia and its president, Vladimir Putin, have been left out in the economic wilderness as sanctions imposed by the west, a tanking oil price, and plunging rouble take their toll. Here are five key charts. Growth in Russia is ...
UK Government to resume sell-off of its stake in Lloyds Banking Group
December 18th, 2014
The government is to resume the sell-off of its stake in Lloyds Banking Group over the next six months, potentially disposing of a further £3bn worth of shares in the run-up to the general election. Chancellor George Osborne took ...
Who Are the Winners of Russia’s Ruble Meltdown?
December 18th, 2014
The Russian ruble‘s spectacular falls this year have been relentlessly portrayed as bad news. But with the ruble now down some 45 percent against the U.S. dollar since January, are there no winners? Companies that produce in Russia but sell abroad are bound ...
Dollar Gauge 0.1% From Five-Year High After Fed as Won Slides
December 18th, 2014
A gauge of the dollar was 0.1 percent from a five-year high amid speculation the Federal Reserve will raise interest rates next year after removing a pledge to keep them low for a “considerable time.” The U.S. currency matched ...
A Full-Blown Economic Crisis Has Erupted In Russia
December 17th, 2014
The 8th largest economy on the entire planet is in a state of turmoil right now. The shocking collapse of the price of oil has hit a lot of countries really hard, but very few nations are as dependent ...
Investor sentiment in Germany rose sharply in December
December 17th, 2014
Investor sentiment in Germany rose sharply in December, spiking 23.4 points to 34.9 in December, according to an investor confidence index. It is the highest level since May 2014. The Centre for European Economic Research (ZEW – Zentrum für ...
Plunging Ruble Unsettles Russians, Poses Test for Putin
December 17th, 2014
As Russian President Vladimir Putin has ratcheted up the conflict with the West for most of the year, the economic fallout on ordinary Russians has been limited. Suddenly, though, the plunging ruble is reawakening fears of rising prices and ...
Yen Falls From Four-Week High Before Fed as N.Z. Dollar Slides
December 17th, 2014
The yen retreated from the strongest in four weeks against the dollar before the Federal Reserve concludes a two-day policy meeting today. The yen has been the biggest gainer among the 10-currency Bloomberg Correlation-Weighted Indexes in the past week ...
Eurozone business activity grew at a slightly faster rate in December
December 16th, 2014
Eurozone business activity grew at a slightly faster rate in December, but the pace of expansion was still one of the weakest seen over the past year. The Markit Eurozone PMI (purchasing managers’ index) rose from November’s 16-month low ...
