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General Strike In Athens

Greek Public Sector Workers Protest Amid Economic Crisis

Greek public sector workers walked off the street in a series of protest against reforms under the international bailout.

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The New York Times 2015 DealBook Conference

Asset Manager BlackRock modernizes trading strategies

Investment firm BlackRock has modernized its trading policies with the help of twenty tech skilled members' team. The company is shifting to electronic trading to overcome market challenges.

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Paris Stock Exchange

French financial markets wary of terror attack aftershock

Analysts are expecting some sell-off in the stock market today as investors are expected to be cautious after the Paris attack. However, the market seems to be resilient from the attack especially the French market as investors seem to refuse to panic despite the attack.

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Russia

Bank of America sees signs of recovery in Russian economy

Bank of America Corp (BofA) has turned positive on Russia's economy as it started seeing signs of recovery in near future though on a weaker note. The drastic slowdown in capital investment is gradually easing off. Russian economy seems to have bottomed out. Russian gross domestic product (GDP) shrunk 4.6 percent during the second quarter.

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Fiscal crisis in Puerto Rico

Puerto Rico responds to fiscal crisis with a regressive tax that could hurt country's bottom line, poor people

Puerto Rico is jacking up its sales tax in a bid to address its fiscal problems. This is considered a regressive move that could ultimately hurt the country's bottom line and its countless poor people.

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Bank of Japan

BOJ sticks to stimulus plan, is upbeat on output despite weak rebound from recession

The Bank of Japan maintained its massive asset buying stimulus spree on Wednesday and revised up its view on exports and output, even as data showing only a feeble recovery from recession tempers its optimism.

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President Dilma Rousseff of Brazil

Brazil risks recession as central bank bucks global trend, raises rate

Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy.

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Japan's Prime Minister Shinzo Abe

Japan readies record $800 billion 2015-16 budget: sources

Japan's government will propose a record budget for next fiscal year of more than $800 billion but cut borrowing for a third year, government officials said on Sunday, as Prime Minister Shinzo Abe seeks to maintain growth while curbing the heaviest debt burden in the industrial world.

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Russian Prime Minister Dmitry Medvedev

Medvedev says Russia could slide into deep recession: RIA

Russia's economy is at risk of entering a period of deep recession, Russian Prime Minister Dmitry Medvedev was quoted by RIA Novosti news agency as saying.

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International Monetary Fund

IMF says Argentina meets targets for more accurate data

Argentina has taken all the required steps so far to revamp its economic data but must still meet one more deadline as it seeks to bring the quality of its statistics in line with global standards, the International Monetary Fund's board said on Monday.

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Japan

Japan's third-quarter recession seen milder than feared as capex grows

Japan's fall into recession between July-September could turn out to be less severe than feared, with new capital expenditure figures out on Monday suggesting revisions will put the third quarter in a slightly more positive light.

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Elvira Nabiullina

Putin stands by hawkish Russian central bank - for now

With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float.

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Japan's Prime Minister Abe

Japan's GDP 2014 News: Shrinks in third quarter; Prime Minister Shinzo Abe expected to call snap elections sooner to minimize parliamentary seats lost

Japan’s gross domestic product shrank by 1.6 percent in an annualized basis in the quarter ending in September, according to the preliminary report released by Cabinet Office.

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Unemployment

Americans are quitting their jobs more, and that's a good thing

In a paradoxically good development for the U.S. economy, Americans quit their jobs in September at the fastest rate in over six years.

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Job fair

U.S. hiring seen rebounding in September

U.S. employers likely stepped up hiring in September and the jobless rate probably held at a six-year low, which could bolster bets on a Federal Reserve rate hike in mid-2015.

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