Wednesday 23 April 2014
 
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recovery

Euro zone recovery on track

US manufacturing growth was solid in the first quarter and a return to expansion in French business activity this month suggested a recovery was taking shape in the euro zone, though China's factory sector stuttered in the early part of 2014

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Debt casts deep shadow over Egypt's recovery

After Egypt's new finance minister took office last month, one of his first acts was to downgrade the government's assessment of its finances. Hany Kadry Dimian said this year's budget gap would be about a third bigger than his prede

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Abu Dhabi forum to analyse global economy issues

Top decision makers, investors and thought leaders will analyse the global economic recovery in the West and prospects in emerging markets at a forum in Abu Dhabi. The sixth Global Financial Markets Forum (GFMF), the annual confer

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Better year ahead as world economy recovers

A much better year lies in store for most of the world's major developed economies, although weak inflation will persist, complicating central banks' ability to get interest rates back to normal, Reuters polls forecast on Thursday.

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Indian rupee bounces from record low

The Indian rupee rebounded on Thursday from a record low after the central bank's move to provide dollars directly to oil companies provided relief to the currency, while a recovery in emerging market currencies also helped offer support.

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Fed stays on track with bond buying, for now

The Federal Reserve on Wednesday said the US economy continues to recover but is still in need of support, offering no indication that it is planning to reduce its bond-buying stimulus at its next meeting in September.  

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Asia factory growth cools on weak global demand

  Growth in Asia's manufacturing sector cooled in February as the pace of economic recovery slackened, according to factory surveys and trade data on Friday that pointed to continuing weakness in the strength of global demand

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Global economies 'far off from recovery'

The global financial crisis is either a result of the inefficiency of markets or has been caused by government interfering in market and was likely to take a long time to recover, said an expert. "On the one hand you can look

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Nakheel profit up 57pc to $550 million

  Indebted Dubai property developer Nakheel posted a 57 percent rise in full-year profit, saying its earnings growth showed the emirate's real estate sector was in recovery.   House prices plung

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World Bank cuts growth outlook for this year

  A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.   The World

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