IMF cuts euro zone growth outlook on ‘Brexit,’ warns it may get worse
The International Monetary Fund on Friday cut its euro zone growth outlook for the next two years over…
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German economy minister calls for number of EU commissioners to be cut
German Economy Minister Sigmar Gabriel has called for the number of EU Commissioners to be cut and for Brussels to…
Egyptian EGAS not to pay $270mn-fine for gas cuts at LNG plant
The French International Court of Arbitration ruled Tuesday that Egyptian Natural Gas Holding Company (EGAS) not to…
Chinese search giant Baidu lowers revenue forecast, shares sink
Chinese online search giant Baidu Inc cut its revenue forecast for the current quarter, saying regulatory scrutiny…
Japan’s SoftBank plans to sell $7.9 billion in Alibaba stock
SoftBank Group Corp said it will sell at least $7.9 billion of shares in Alibaba Group Holding Ltd - a move that…
Airbus cuts A380 costs by shifting overheads to A320 programme
Airbus is cutting costs on its A380 superjumbo partly by redeploying some of its overheads to the expanding A320…
Dollar edges down, Aussie soars on less dovish RBA minutes
The dollar edged down slightly in Asian trading on Tuesday, while the Australian dollar soared after central bank…
Euro zone retail sales fall more than expected in March
Euro zone retail sales fell more than expected in March against February as consumers cut purchases of food, drinks…
Australia cuts interest rates to turn back global deflation tide
Australia's central bank cut interest rates to an all-time low of 1.75 percent on Tuesday, the first easing in a…
Yen hits 18-month high; Aussie slides as RBA eases policy
The yen hit a fresh 18-month high against the U.S. dollar on Tuesday and jumped against the Australian dollar,…
