ATHENS (Reuters) - Greece's current account deficit narrowed by close to a fifth in March, data showed on Wednesday, reflecting a sharp drop in imports as the country's austerity-hit consumers tighten their belts. The deficit dropped 17.3 percent to 2.13 billion euros ($2.69 billion) compared with March 2011, the Bank of Greece said. The country's ...Read More
AVAZA, Turkmenistan (Reuters) - Turkmenistan agreed on Wednesday to supply natural gas to Pakistan and India in deals that offer major economic benefits but depend on building and defending a U.S.-backed pipeline across chronically unstable Afghanistan. The route, particularly the 735-km (450-mile) leg through the Afghan provinces of Herat and Kand...Read More
ABU DHABI (Reuters) - Morocco is considering a potential dollar-denominated international bond of up to $1 billion in September or October, a senior finance and economy ministry official said on Wednesday. "It would be our first issue in dollars and give us the opportunity to diversify," said El Hassan Eddez, deputy director, treasury and external ...Read More
China's Cabinet says the economy is slowing further and has promised to boost growth by encouraging private investment in energy and other industries...Read More
BERLIN (Reuters) - Germany's new environment minister described a planned post-nuclear switch to renewable energy in Europe's biggest economy as a "Herculean task" as 16 state premiers gathered to discuss the complex problem with Chancellor Angela Merkel on Wednesday. Peter Altmaier, who took over as environment minister on Tuesday, vowed to break ...Read More
Retail sales fell sharply in Britain during the wettest April in a century, official data showed Wednesday, a piece of bad economic news which analysts say could help prod the Bank of England to approve more monetary stimulus...Read More
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