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China cuts growth target to 7% for 2015
Wed, 28 Jan 2015 23:08:07 GMT
 
China is going to lower the growth target to 7% for the current year. Policy-makers are trying to stimulate weak growth, create more working places, and introduce the needed reforms. >>
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European and Greek equity edges lower
Wed, 28 Jan 2015 22:57:04 GMT
 
European stocks showed negative tendency on Wednesday morning, and Greek shares prolonged their sell-off following the victory of Syriza party on Sunday. Stocks of Piraeus Port Authority, the biggest port >>
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US consumer confidence surges to the highest level
Wed, 28 Jan 2015 22:46:06 GMT
 
Strongly depressed crude oil prices and the labour market that added around three million jobs in the previous year, pushing the level of unemployment to a six-year minimum, are increasing >>
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German's economic outlook strengthened due to oil prices
Wed, 28 Jan 2015 22:35:05 GMT
 
German's Chancellor Angela Merkel announced positive economic outlook due to strong drop in oil prices and the ECB-led quantitative easing measures. Therefore, Germany's economy probably will advance 1.5% compared to >>
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US consumers benefited from cheap oil
Wed, 28 Jan 2015 22:24:08 GMT
 
The unexpected fall in fuel costs is an advantage to households, while the impact on companies is not as obvious. Consumer confidence index advanced to its seven-years high in January >>
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Australian core inflation is surprisingly high
Wed, 28 Jan 2015 22:13:03 GMT
 
The cost of living in Australia increased more than expected, decreasing the need for the Cental bank to cut interest rates. According to the Statistics Bureau the core price level >>
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Gold trades near 5-month high amid Fed interest rates
Wed, 28 Jan 2015 22:02:05 GMT
 
Gold traded almost the same near the highest level in five months, since investors are weighting the outlook for US interest rates before the Fed's two-day meeting. The yellow metal >>
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Finance Minister of Germany states Greece should forget about reduction of debt
Wed, 28 Jan 2015 21:51:03 GMT
 
Wolfgang Schaeuble, Prime Minister of Germany, stated that Greece can forget about the reduction of their debt, since there is no tension on public finance for the following five years. >>
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Greek bonds and stocks decline
Wed, 28 Jan 2015 21:40:03 GMT
 
Bonds and stocks in Greece dropped for a second day, since the nation's new leader had a clash with finance ministers of Euro zone over the funding needs. Greek shares >>
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Goldman states oil prices may touch $30 in an extended slide
Tue, 27 Jan 2015 22:49:05 GMT
 
President of Goldman group, Gary Cohn, believes that oil prices will continue to decrease and reach $30 a barrel. West Texas Intermediate futures for March settlement declined 44 cents to >>
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Gold futures rise when US durable-goods orders drop
Tue, 27 Jan 2015 22:38:05 GMT
 
Yellow metal futures climbed while US durable goods slumped as a result of flagging growth in foreign economies that weighs on the US recovery, thus boosting attractiveness of high-quality assets. >>
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Saudi Arabia will not balance oil market on its own
Tue, 27 Jan 2015 22:27:06 GMT
 
The head of Saudi Arabian Oil Co. stated that Saudi Arabia will not balance global oil markets single-handedly, since prices decline "too low for everybody". This also threatens the investment >>
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Dollar depreciates after durable goods drop
Tue, 27 Jan 2015 22:16:07 GMT
 
The Dollar depreciated from its strongest point on record, when US durable goods orders dropped 3.4% in December. The greenback weakened versus most of its major peers, and the Bloomberg >>
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UK economy showed the best results in a seven-year period
Tue, 27 Jan 2015 22:05:05 GMT
 
Economic growth in the UK decelerated more than economists estimated, with the lowest quarterly pace of 0.5% on a yearly basis. However, even with this figure the UK economy recorded >>
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Record fall in China's industrial profit
Tue, 27 Jan 2015 21:54:07 GMT
 
Chinese industrial companies' profits dropped 8% in December compared to the previous year, showing the biggest decline in three years and emphasizing slowing economy and harsh drop in commodity prices. >>
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