Business

IMF cuts global forecast for 2015

A new IMF report says a gradual recovery continues, but global growth is forecast to be slightly down for 2015,…

China’s measures to support stock markets not “appropriate” – analyst

  (REUTERS) Chinese stocks rebounded around 6 percent on Thursday (July 9), as Beijing's increasingly frantic attempts to arrest a…

IMF says Greece spillovers limited to rest of world

  (REUTERS) Greece is a small part of the world economy, and its possible exit from the euro zone should have…

Trading halted on NYSE floor

  Trading in all securities were halted on the New York Stock Exchange on Wednesday following earlier reports of technical…

World markets knocked by uncertainty in China and Greece

  (Reuters)  World markets were down on Wednesday (July 8) as investors worried about Greece's debt crisis, a meltdown in…

China admits there’s market panic

  (Reuters) Analyst said on Wednesday (July 8) that the measures taken by Chinese authorities to support its tumbled stock…

Microsoft cutting up to 7800 jobs

(Reuters) Big job cuts at Microsoft. The world's largest software company is cutting up to 7,800 positions - most of…

Greek pensioners queue at banks as fears grow over cash shortages

(Reuters) -- Greek pensioners queued outside banks in Athens once again on Wednesday (July 8) to withdraw their pensions as…

Asian shares retreat; Greece, China woes in focus

(Reuters) -- Asian shares fell on Wednesday (July 8) as investors fretted over Greece's debt crisis and a recent plunge…

Greeks react to further bank shut down

JULY 7 (Reuters) -- Greek banks will remain closed on Tuesday (July 6) and Wednesday (July 7) and a daily…

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