Greece's long-term debt prospects are uncertain, the International Monetary Fund said Friday, questioning the country's ability to maintain high budget surpluses to 2060 under a recent eurozone deal.
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Inflation in the eurozone rose to the symbolically important level of two percent in June, data showed on Friday, fuelled by high oil prices.
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The Indian rupee slumped to an all-time low against the U.S. dollar on Thursday as the currency comes under increasing pressure from rising oil prices.
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Confidence among German consumers should resist fears of a trade war between Washington and Brussels in July, a survey published Thursday showed.
Full StoryAfter months of delay, EU leaders on Friday will discuss several proposals, many watered down, to reform the euro single currency after the bitter battering of the debt crisis.
The bloc's 27 leaders meeting without Britain will largely work off proposals set down with great pomp by France and Germany, known as the Meseberg Declaration, after the site of a recent meeting between Chancellor Angela Merkel and President Emmanuel Macron.
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US President Donald Trump on Wednesday said he supported tougher restrictions on foreign investment in sensitive technology, as well as export controls on those goods, but he stopped short of imposing specific restrictions on China.
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U.S. antitrust regulators on Wednesday conditionally approved Walt Disney's proposed $71.3 billion purchase of key 21st Century Fox assets, boosting the chances for the tie-up to create a new media-entertainment powerhouse.
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The Bank of England on Wednesday criticized the European Union for not revealing financial sector contingency plans in the event of Britain leaving the bloc without a deal.
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U.S. sovereign debt is approaching historically high levels and in three decades debt service will cost as much as Social Security spending, the Congressional Budget Office reported Tuesday.
Full StoryBahrain said Wednesday that its Gulf allies are to unveil a new support package to shore up its finances, which have been strained by seven years of persistent civil unrest.
The kingdom's central bank intervened on Tuesday to defend the value of the dinar, promising to maintain its peg to the dollar against pressure on spot markets, London-based Capital Economics said.
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