IMF trimmed global GDP outlook

Note: This section contains information in English only.
Source: Bloomberg
The International Monetary Fund has downgraded its vision on perspectives of the global economic growth, as they predict the world's GDP to add 2.9% in 2013 and accelerate to 3.6% during the next year. The previous outlook forecasted the global economy to grow 3.1% and 3.8% in 2013 and 2014, respectively. Alongside, the 2013 outlook for developing countries was cut by 0.5% to 4.5%.
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Tue, 08 Oct 2013 16:03:04 GMT

French trade deficit decreases in August

The Fifth Republic has narrowed its trade deficit by 200 million euros in August of this year, as it reached 4.9 billion euros. The contraction was mostly caused by a decline in energy imports. Moreover, the annual deficit slumped by 8 billion euros to 60 billion euros. In August both exports and imports posted a decrease, while decline in pharmaceutical

Tue, 08 Oct 2013 15:41:07 GMT

CtW: Oracle should cut pay packages

CtW Investment Group, which holds 6 million shares of Oracle Corp., said on Tuesday that stakeholders have to oppose the planned compensation packages for company's top managers, as Oracle, the database-software producer, missed profit estimates. Recently Oracle CEO has already cut its pay by 18%. Oracle Corp. share prices are losing 0.33% to $32.73 by 14:30 GMT in New York.

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