economy

Greece's current account balance showed a smaller surplus in June compared to the same month a year earlier on the back of a wider trade deficit, the Bank of Greece said.

Turkey says central bank swap deal with Qatar to have $3 billion limit Aug 20 2018

A currency swap agreement between the Turkish and Qatari central banks will have an overall limit of $3 billion, the Turkish central bank said in a statement.

EU's Moscovici says he hopes for further progress in Greek economy Aug 20 2018

The European Commissioner for Economic and Financial Affairs said he hoped Greece would make further economic progress and undertake social reforms, after Greece’s exit from its final, three-year bailout program.

Turkish lira crisis poses additional risk to German economy: Finance ministry Aug 20 2018

Turkey’s currency crisis poses an additional risk to Germany’s economy on top of trade frictions with the United States and the possibility of Britain leaving the European Union without a deal, the German finance ministry said.

Back series GDP figures are not official estimates; formal data will be released later: MoSPI Aug 19 2018

Amid ongoing controversy over the back series GDP figures showing better economic performance during the UPA regime, the MoSPI said "these are not official estimates" and the data will be released officially later.

Greek central bank chief warns over backtracking, turbulence post-bailout Aug 19 2018

“If we backtrack on what we have agreed, now or in the future, the markets will abandon us and we will not be able to refinance maturing loans on sustainable-debt terms,” Bank of Greece Governor Yannis Stournaras.

India's CAD is expected to widen to 2.8 percent of GDP this fiscal: Report Aug 19 2018

"Overall, we expect the current account deficit to widen to 2.8 per cent of GDP in FY19 from 1.9 per cent in FY18," the Japanese financial services major said.

High growth under UPA govt led to dramatic economic collapse: Niti Aayog Aug 19 2018

Niti Aayog attributed the high growth achieved during the UPA government to untenable fiscal deficit and reckless expansion of bank credit that led to dramatic economic collapse.

Iran says its economy not at 'dead end' from U.S. sanctions Aug 19 2018

“This country has plenty of human and natural resources that can rely on.”