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No reason for 'irrational inflationary fears'
The president of Germany's Bundesbank said on Thursday there was no reason for "irrational inflationary fears" and dismissed suggestions of a danger of the euro zone falling into deflation, echoing the European Central Bank's outlook.
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World economy on recovery road, but weak inflation threatens
A much better year lies in store for most of the world's major developed economies, although weak inflation will persist, complicating central banks' ability to get interest rates back to normal, Reuters polls forecast on Thursday.
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Russia steps up military lifeline to Syria's Assad
In recent weeks Russia has stepped up supplies of military gear to Syria, including armored vehicles, drones and guided bombs, boosting President Bashar al-Assad just as rebel infighting has weakened the insurgency against him, sources with knowledge of the deliveries say.
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China decries U.S. spending bill
China's Commerce Ministry has condemned a $1.1-trillion spending bill passed by the U.S. Congress last week over clauses that limit technological purchases from the Asian giant, saying they clash with the principles of fair trade.
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Iran has $100 billion abroad, can draw $4.2 billion
Iran has about $100 billion in foreign exchange assets around the world, of which it will be able to draw $4.2 billion under last year's nuclear agreement with six world powers, a senior U.S. administration official said on Friday.
News
Russia steps up military lifeline to Syria's Assad
In recent weeks Russia has stepped up supplies of military gear to Syria, including armored vehicles, drones and guided bombs, boosting President Bashar al-Assad just as rebel infighting has weakened the insurgency against him, sources with knowledge of the deliveries say.
News
No reason for 'irrational inflationary fears'
The president of Germany's Bundesbank said on Thursday there was no reason for "irrational inflationary fears" and dismissed suggestions of a danger of the euro zone falling into deflation, echoing the European Central Bank's outlook.
News
Russia rouble float may hurt investors now but help in long run
Russia's move towards a flexible rouble exchange rate may well prove a boon for the struggling economy, but foreign stock and bond investors should brace for short-term losses as the currency finds a new level.
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