World Bank: Russia has to support small businesses

Note: This section contains information in English only.
Source: Bloomberg
World Bank officials said on Wednesday that the Russia's government has to support small firms and manufacturers by stimulating its citizens to open their own businesses. Currently the government actively supports the medium-sized companies. Meanwhile, the World Bank decreased Russia's economic expansion outlook to 1.8% this year, while the next year the economy will add 3.1%.
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Wed, 25 Sep 2013 13:34:05 GMT

Lew: investors are too optimistic about debt ceiling

Jacob Lew, U.S. Secretary of Treasury, told investors that they are too optimistic about perspectives of the U.S. debt ceiling deal. He pointed out that risks are much higher than analysts expect, and U.S. government will probably have only about $50 billion in free cash by the middle of October. Alongside, Barack Obama refused to negotiate with Republicans on raising

Wed, 25 Sep 2013 13:12:03 GMT

Switzerland's shares are little changed

Shares in Switzerland were little changed, after retreating for two straight days, as U.S. durable-goods and housing data were awaited by investors. The Swiss Market Index slid 0.1% to 8,041.63 as of 12:14 p.m. Zurich time, paring gains of 0.4%; however, the gauge has gained 3.8% monthly. The Swiss Performance Index declined less than 0.1%.

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