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Kuwait Appoints New Oil Minister before meet with OPEC

Dec 02, 2015 10:03 AM EST
Kuwait on Sunday replaced its oil minister with its current finance minister and deputy prime minister. This decision came just a few days before the scheduled meeting with Organization of the Petroleum Exporting Countries, which will be focused on production.

Spain, Italy, Germany beat expectations in November PMI

Dec 02, 2015 09:55 AM EST
The Eurozone is witnessing an encouraging growth as the November data on Purchasing Mangers' Indices (PMI) was at 52.8.

Greece Economy Decline More than Expected in Q3

Dec 02, 2015 09:53 AM EST
ELSTAD, Greece Statistical agency on Friday announced the descending of Greek economy to 0.9% in the third quarter.

GazProm Halted Gas Supply to Ukraine Due to Non-Payment

Dec 02, 2015 09:52 AM EST
Alexei Miller, GazProm CEO said on Wednesday that the company has halted gas supply to Ukraine because of payment issue. This will be the new case of gas dispute between Ukraine and Russia that has been going for over two decades.

Greece economy will rise by the middle of 2016

Oct 16, 2015 07:46 AM EDT
By the middle of next year, Greece will go back to its economic growth only if the government will give importance and devoted attempt to reacquire financial strength.

$1.68-tn M&As in 2015 nearing dotcom-driven 2000's $1.73-tn record mark

Oct 16, 2015 07:44 AM EDT
Dell's latest acquisition deal to buyout EMC for $67billion is the biggest merger and acquisition (M&A) deal for the US technology sector in 2015 so far. About $1.68trillion worth M&A deals in the US have been announced year-to-date (YTD). The M&As in 2015 with less than three months left is just short of $1.73trillion, the full-year record level for M&As 15 years ago.

Brazil's deepening recession worries bankers, fuels job cuts

Oct 16, 2015 07:44 AM EDT
The labor market in Brazil, one of the BRICS (Brazil, Russia, India, China and South Africa) nations, is fast worsening owing to intensifying recession in the domestic economy.

Copper production curb possible if less demand continues in China

Oct 16, 2015 07:43 AM EDT
The price of copper declined for a second day as China's manufacturing goods deflation extended a stretched-out record of plunges, renewing concern about a deceleration in the world's largest consumer. Most metals used in industrial works are held near their lowest levels this week.

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