European markets are set to open slightly higher Friday morning, amid ongoing tensions in the energy market ahead of an OPEC meeting that could expand crude production. The FTSE 100 is seen 12 points higher at 7,568; the CAC is also expected to open up around 12 points at 5,326 while the DAX is poised […]
Read moreCurrency, United States Finance
Euro zone hits 'historic moment' as it closes eight years of financial support to Greece
The euro zone ended nearly a decade of financial assistance and austerity in Greece early on Friday. After a marathon meeting that culminated with an agreement on debt relief, euro zone members have congratulated Greece for legislating hundreds of measures over the last three years and restoring economic growth. Greece is now due to successfully […]
Read moreThe ongoing tensions over international trade are the biggest economic risk to the euro zone, the managing director of the International Monetary Fund said Thursday. Though the euro area enjoyed an economic expansion “above potential” in 2017, “the momentum is slowing down a bit at the moment, Christine Lagarde, managing director of the IMF told […]
Read moreWomen in Saudi Arabia will be able to legally drive for the first time on Sunday — a historic move expected to spark more employment options for half of the country’s population. The milestone reform gives women independence and freedom of mobility, according to Enaam Gazi Al-Aswad, who is poised to become the first female […]
Read moreFoxconn, the world’s largest electronics contract manufacturer and a major supplier for Apple, said on Friday the biggest challenge the company is facing is the threat of a trade war between Washington and Beijing. Chairman Terry Gou was speaking at the company’s annual general meeting in Taipei as trade tensions stoke fears about the impact […]
Read moreEuro zone finance ministers agreed in the early hours of Friday a debt relief package for Greece and a new disbursement of 15 billion euros as part of its current 86-billion-euro bailout program, the head of euro zone finance ministers said. The deal involves a 10-year extension of maturities on loans from the European Financial […]
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