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Eurozone business confidence surges in March

Eurozone business confidence surges in March

March 30, 2015 - 14:47 AMT  10:47 GMT
The surge in optimism was spread across most of the eurozone’s larger members, but was most strongly felt in Italy.
Commerce Department says U.S. economy slowed sharply in Q4 2014

Commerce Department says U.S. economy slowed sharply in Q4 2014

March 27, 2015 - 20:21 AMT  16:21 GMT
Also subtracting from GDP was a sharp 7.3 percent fall in federal government spending and slower inventory investment.
Japan economy recovery remains fragile

Japan economy recovery remains fragile

March 27, 2015 - 10:25 AMT  06:25 GMT
The unemployment rate, however, fell to 3.5% in the same time period - close to what economists see as full employment.
Oil prices fall more than $1 after sharp gains in previous session

Oil prices fall more than $1 after sharp gains in previous session

March 27, 2015 - 10:09 AMT  06:09 GMT
"With potentially 30 million barrels stored offshore, it (Iran) could quickly flood an already saturated oil market," ANZ said.
France cuts budget deficit target for 2015

France cuts budget deficit target for 2015

March 26, 2015 - 17:58 AMT  13:58 GMT
Official data showed the 2014 deficit was 4% instead of the 4.4% forecast, and will fall to about 3.8% this year, Sapin predicted.
Jaguar Land Rover announces £600mln investment in Britain

Jaguar Land Rover announces £600mln investment in Britain

March 26, 2015 - 11:03 AMT  07:03 GMT
The largest portion of the investment is focused on the automaker's Castle Bromwich site in England's West Midlands.
IFC to help improve Armenia’s investment policy, inspections system

IFC to help improve Armenia’s investment policy, inspections system

March 25, 2015 - 11:50 AMT  07:50 GMT
A reformed inspections system will mean reduced inspections for less riskier businesses, saving them time and resources.
ADB says Armenia’s economic outlook highly uncertain

ADB says Armenia’s economic outlook highly uncertain

March 24, 2015 - 16:41 AMT  12:41 GMT
Armenia saw remarkable economic growth and poverty reduction in the period preceding the global financial crisis of 2008–2009.
German economy strong growth expected in 2015: Bundesbank

German economy strong growth expected in 2015: Bundesbank

March 23, 2015 - 16:20 AMT  12:20 GMT
The 0.7-percent expansion in gross domestic product in the final quarter of 2014 lifted growth for the whole year to 1.6 percent.
Volkswagen to lay off 150 workers at Russian car plant, reduce shifts

Volkswagen to lay off 150 workers at Russian car plant, reduce shifts

March 23, 2015 - 16:12 AMT  12:12 GMT
Car sales in Russia dropped sharply last year as the economy was hit by a fall in oil prices and Western sanctions over Ukraine.
Non-OPEC members must cooperate to boost oil prices: Saudi minister

Non-OPEC members must cooperate to boost oil prices: Saudi minister

March 23, 2015 - 13:26 AMT  09:26 GMT
The Saudi minister also defended the oil policy of gulf states, saying they were taking measures to stabilize the market.
KfW bank to extend €205 million loan for Armenian projects

KfW bank to extend €205 million loan for Armenian projects

March 20, 2015 - 12:24 AMT  08:24 GMT
Armenia will get €100 million to build a transmission line from Armenia to Georgia as part of the Caucasus Power Line project.
China lends $25.3M for Armenia’s customs control systems upgrade

China lends $25.3M for Armenia’s customs control systems upgrade

March 20, 2015 - 10:44 AMT  06:44 GMT
The loan is extended for 20 years with a five-year grace period at 2% interest rate with 0.25% service fee.
Greek parliament approves ‘humanitarian crisis’ law

Greek parliament approves ‘humanitarian crisis’ law

March 19, 2015 - 08:23 AMT  04:23 GMT
With Greece currently shut out of debt markets, concerns have been expressed that the country could soon run out of money.
OECD nudges up forecast for global economic growth in 2015

OECD nudges up forecast for global economic growth in 2015

March 18, 2015 - 16:02 AMT  12:02 GMT
The OECD said India should grow faster than China this year, at 7.7 percent. For Japan, it raised forecasts slightly to 1 percent.
Lufthansa cancels 750 flights as pilots begin new strike

Lufthansa cancels 750 flights as pilots begin new strike

March 18, 2015 - 11:59 AMT  07:59 GMT
Currently, pilots can retire at 55 and receive up to 60 percent of their pay until they reach the statutory retirement age of 65.
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