Cameron promises highest employment in G-7 on election loom

Note: This section contains information in English only.
Source: Bloomberg
David Cameron, UK Prime Minister, promised to deliver the strongest employment rate in the G-7. He believes his Conservative Party has the best chance of rebuilding the economy following the May's general elections. Cameron promised to battle bureaucracy and to invest in infrastructure in order to support small businesses.
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Tue, 20 Jan 2015 11:27:06 GMT

Oil prices fall amid poor China GDP

On Tuesday prices for oil slumped due to China's GDP growing at the slowest rate in 24 years, along with concerns over weaker demand and supply glut. China, the world's second biggest economy, rose by 7.4% in 2014, slightly less than the expectation of 7.5%. Fourth quarter growth rate was at 7.3%, better than anticipated, but at its slowest in

Mon, 19 Jan 2015 20:20:03 GMT

Banks suffer from SNB decision

The Swiss National Bank's unexpected decision to abandon its minimal exchange rate for the pair CHF/EUR, due to which Franc advanced 41% against the Euro, negatively influenced the world's leading banks, as they received $400 million of cumulative losses. Citigroup, the world leading bank, faced $150 million losses, while Deutsche Bank lost around $150 million. Barclays, in turn, lost around

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