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Friday, December 26, 2014
Expats eyeing exits after Russian ruble plunges
The plunge of the ruble hasn't left only Russians shell-shocked — foreign workers from traders to maids are considering bailing out as Moscow turns from an El Dorado into a financial black hole.
Italy's cabinet on Wednesday said the country's loss-making Ilva steel plant, one of the most polluting in Europe, would be nationalized for up to three years.
Thursday, December 25, 2014
Mass protests against new water taxes set to be introduced in Ireland from Jan. 1 have shown up deep wells of resentment after years of austerity, even as the economy rebounds.
Tuesday, December 23, 2014
Ruble to extend gains, gov't won't make cuts: deputy PM
A senior Russian minister said on Monday he's expecting the ruble to extend its recent gains and said the government is not planning to introduce currency controls on Russian companies.
Monday, December 22, 2014
For Russia's economy, worst is yet to come
Deep recession, skyrocketing prices and a fragile banking system: although the ruble seems to have stabilized after its abysmal drop this past week, Russia still faces the heavy consequences of the turbulence.
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Saturday, December 20, 2014
European Union leaders agreed Thursday to create a strategic investment fund that could generate up to 315 billion euros (US$386 billion) in private- and public-sector money to upgrade infrastructure, jumpstart the EU's sluggish economies and ignite job growth.
Thursday, December 18, 2014
Official figures show Britain's unemployment rate was 6 percent in the three months to October, its lowest level since the 2008 financial crisis.
Wednesday, December 17, 2014
Britain's four biggest lenders have passed the Bank of England's (BOE) stress tests, which are designed to show their ability to withstand a new economic crisis, the central bank said Tuesday.
Tuesday, December 16, 2014
Bankers at war: Portugal probe exposes crisis feud
Beware of bankers bearing a grudge.
Sunday, December 14, 2014
Ratings agency Fitch cut France's credit grade by one notch to “AA” on Friday, saying Paris's efforts to trim its fiscal deficit have fallen short to avoid a downgrade.
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