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The Eurozone economy contracted as initially estimated in the fourth quarter, with the economic setback reflecting widespread weakness in spending, investment and foreign demand amid fiscal squeeze and debt woes.
Gross domestic product suffered a 0.3 percent reduction in the fourth quarter from a quarter ago, second estimates from Eurostat confirmed Tuesday. The first contraction since the second quarter of 2009, limited the annual growth to 0.7 percent.
In the third quarter, GDP grew 0.1 percent sequentially and advanced 1.3 percent from a year ago.
That said, European Economic Affairs Commissioner Olli Rehn said he sees signs of stabilization in the region.
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Blackstone Group LP made a splash in May when it announced a $100 billion ambition for infrastructure investments. On Thursday, it got more specific with its plans.
The private equity gian
The largest Shariah bank in Malaysia and ASEAN in terms of total assets, Maybank Islamic Berhad won the Best Global Islamic Financial Institution award at the Global Finance Awards 2017 in Washington
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British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood that the Bank of England (BoE) will raise interest rates ne
Times of Oman
Egyptian Finance Minister Amr El-Garhy said on Monday he expects a financing agreement with a consortium of global banks will be renewed for another year with the aim to boost foreign reserves while