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China rate cut, European stimulus hints lift markets
World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.
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Prospects rise for a 2015 U.N. climate deal, but likely to be weak
A global deal to combat climate change in 2015 looks more likely after promises for action by China, the United States and the European Union, but any agreement will probably be too weak to halt rising temperatures.
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China commits $45.6 billion for economic corridor with Pakistan
The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday. The Chinese companies will be able to operate the projects as profit-making entities, according to the deal signed by Prime Minister Nawaz Sharif during a visit to China earlier this month
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Euro zone grows faster than expected in third quarter
Euro zone economic growth was stronger than expected in the third quarter, preliminary data showed on Friday, as France beat market expectations and Germany steered clear of a recession.
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Britain says not optimistic about Iran nuclear deal by deadline
British Foreign Secretary Philip Hammond said on Wednesday he was not optimistic that world powers and Iran would clinch a full nuclear deal by Nov. 24 but that there may be a way of extending the self-imposed deadline.
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Spotlight falls on Europe's stuttering economy
As large parts of Europe's economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the euro zone and Germany, which has just narrowly avoided a recession.
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Australia, China deepen ties with landmark free trade deal
China and Australia on Monday sealed a landmark free trade agreement more than a decade in the making, significantly expanding ties between the world's second largest economy and one of Washington's closest allies in Asia.
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China's economy experiencing 'period of pain': vice minister
China's economy is going through a "period of pain" as authorities try to shift it toward slower, more sustainable growth, with the rapid expansion of its shadow banking sector a major problem, the vice finance minister said on Saturday.
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