Greece moved one step closer to being able to repay the debt to European Cnetral bank and remain with the Eurozone after its parliament approved a draft third bailout of about €85bn (£61bn). Aided by votes from opposition parties, the parliament passed the package after a marathon all-night...

After devaluing the yuan for three consecutive days earlier this week and sending jitters through the global markets, the Chinese central bank on Thursday tried to install some confidence among the world market by that there was no reason for the yuan to fall further given the country's strong...

Astonishing analysts all over the economic world, the Greek economy managed to grow in the second quarter of the current fiscal. The Greek economy, as reported on Thursday, grew by 0.8%, according to an official estimate, amidst all the cacophony of a debt crisis and threats of being thrown out of...

Carlyle Group led a group of investors who will participate in the transaction to repurchase at Symantec Corp. its subsidiaries Veritas, dealing with storage of data in the Internet. Investment funds will pay to the software publisher $ 8 billion, some of which will go to the repurchase of shares,...

Despite securing a bailout package on Tuesday, Greece might still need a bridge funding to meet the 20 August deadline for repayment of its debt to European Central Bank which would ensure that it remains within the European Union. The first hurdle for Alexis Tsipras, the Greek Prime Minister, is...

China, arguably the second largest economy in the world, devalued its currency for the second consecutive day creating ripples across all international markets resulting in falls in indices. This was the second day that the world market had fallen, the first being on Tuesday after China devalued...

The beaches of Bali and Langkawi did not look so attractive to American tourists since the reign of Bill Clinton. Four years ago, the dollar was worth 8,500 Indonesian rupiah and Malaysian ringgit less than three. Today, one dollar goes for 14 thousand rupees and four ringgit. Both currencies have...

With the prospects of a new era of low prices in crude oil due to over production, the Organisation of the Petroleum Exporting Countries (Opec) announced that their crude production output in July was the highest in the last there years for monthly production. This comes even as the crude prices...

Following a run of poor economic data, China surprisingly announced a 2 percent devaluation of the yuan on Tuesday. This move resulted in a worldwide impact on the share markets throughout the day. This created prospects of a possible currency wars. While the Chinese authorities claim this as a...