French budget deficit to exceed 3% until 2017

Source: ABC News
Finance Minister of France Michel Sapin announced on Wednesday that the country will not be able to reduce the budget deficit to 3% at least until 2017, as economic growth equals to zero and overall activity stagnates. As predicted, the budget gap is going reach 4.3% of GDP the next year and will continue declining further. Moreover, GDP growth forecast for the year 2014 was decreased to 0.4%.
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Wed, 10 Sep 2014 11:34:04 GMT

Carney slams currency union with Scotland

The governor of BoE Mark Carney has stated that if Scotland becomes independent, sharing a currency with the U.K. would be against the idea of sovereignty. In contrast, the Scottish National Party is in favour of keeping the Pound, while other political parties, such as Cameron's Conservative Party have sided with Carney. Scotland now faces quandary as it might be forced

Wed, 10 Sep 2014 08:04:11 GMT

Topix exceeds gains to erase losses of current year

The main Japanese stock market Topix Index advanced 0.6% at Wednesday's trading session to close at 1,306.79 points in Tokyo. Therefore, the benchmark has surpassed the highest level since 2008 and recovered all losses of the current year. Exporting companies rise strongly, with Canon Inc. adding 0.8% to 3,495 yen, as weaker yen is pushing up the profitability of local

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