Greek Prime Minister announced on Saturday that the country would return to growth next year as its would exit recession.
Industry
Billionaire to air ads opposing Keystone XL project
The pipeline from oil shale formations and oil sands is being opposed by hedge fund founder. Billionaire Tom Steyer threw his support behind a four part advertising campaign that intends to convince its viewers that the Keystone XL pipeline would hurt the economy and the communities around it.
China on the rebound according to customs agency
The General Administration of Customs registered above projected numbers in terms of overseas shipments.
Slovenia liquidates two banks as bailout nears
Slovenia officials said on Friday that it had planned liquidation of two small lenders to ensure financial stability.
Abu Dhabi looks for retail kiosks investors
The Municipality of Abu Dhabi launched a new project and sought for investors in its planned installation and operation of street retail kiosks.
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European leaders had found a place to breathe their economic struggles in the G20 summit where the region's debt crisis had been on the top agenda.
Detroit attorneys filed their case in the US Bankruptcy Court in Detroit last Friday for the city's request for bankruptcy protection.
Reuters columnist James Saft wrote in his latest column that a reform change, and not a new central bank governor, could help the falling rupee and the Indian economy.
Two top US Federal Reserve officials said last Wednesday that they were open-minded in implementing the proposed stimulus reduction this month.
The sale of speculative-grade bonds surged in the US this year. The sales of junk bonds in the US surged this year. Investors bought the bonds as it had been giving better returns than investment-grade securities for seven straight months.
Analysts said that though economies in Euro Zone and China were experiencing significant growth spikes in their economies, emerging economies of India, Italy and France are not faring well.
Morningstar reported Pimpco's Total Return Fund took a USD 41 billion hit in the last four months.
US jobs and service sector data indicated Thursday that the US Federal Reserve would be slowing its bond buying program down soon.
In an The Group of Twenty Finance Ministers and Central Bank Governors's (G20), attendees would be seeing a show of power and influence between US President Barack Obama and Russian President Vladimir Putin arguing on how to act on the crisis in Syria.
