Greek Prime Minister Alexis Tsipras on Saturday warned the International Monetary Fund and German Finance Minister Wolfgang Schaeuble to "stop playing with fire" in the handling of his country's debt.
Opening a meeting of his Syriza party, Tsipras said he was confident a solution would be found, a day after talks between Greece and its creditors ended in Brussels with no breakthrough.Full Story
Egypt's annual inflation rate hit 29.6 percent in January, official figures showed Saturday, three months after the government floated the pound in line with an International Monetary Fund bailout.
Prices were rising even more quickly than in December, when inflation stood at 24.3 percent, the highest level since January 2011 when the Arab Spring uprising was at its height.Full Story
OPEC countries are largely complying with a landmark deal to reduce the global oil glut, the IEA said Friday, as it predicted that oil demand was likely to be more vigorous than anticipated this year.
In its latest monthly report, the International Energy Agency estimated "a record initial compliance rate of 90 percent" to the landmark deal that came into effect in January.Full Story
The dollar extended a rally on Friday after Donald Trump said he would release details of a "phenomenal" tax-cut plan, sending Asian stock markets soaring on hopes it will ramp up the US economy.Full Story
Twitter shares plunged early Thursday on poor earnings and Coca-Cola fell on a disappointing outlook, but on the broader market U.S. stocks edged higher.
Twitter dived 11 percent after reporting a fourth-quarter loss of $167 million following only modest gains in the number of users on the social network.Full Story
U.S. authorities have demanded information from online payment service PayPal as part of a money laundering investigation, according to a regulatory filing available on Wednesday.
"We have received subpoenas from the U.S. Department of Justice seeking the production of certain information related to our historical anti-money laundering program," Silicon Valley-based PayPal said in an annual report to the U.S. Securities and Exchange Commission.Full Story
French oil major Total said Thursday it planned to increase its dividend to shareholders as it expressed confidence earnings could withstand the current volatility in oil prices.Full Story
Europe's largest economy Germany reported a new record trade surplus in 2016, official data showed Thursday, exporting 253 billion euros more than it imported.Full Story
The International Monetary Fund and Greece are at odds over the outlook for the troubled European nation's economy, a split that likely will continue to hold up further IMF financing.
Greece Finance Minister Euclid Tsakalotos said the IMF report on the economy, released Tuesday, "fails to do justice" to his country by underestimating growth and the progress made through years of sacrifice.Full Story
The euro struggled in Asia Wednesday on increasing uncertainty about France's political outlook and fears of another debt crisis brewing in Greece.
Most major equities markets reversed early losses to push higher but confidence remains shaky over worries about Donald Trump and uncertainty about his impact on the global economy.Full Story