The sales tax hike carried out in April has pushed the inflation rate up by about 2 percentage points,according to Japan’s central bank that aims at lifting the rate to 2 percent in or around fiscal 2015,without the effect of the tax hike.
Deutsche Bank AG London Branch has been fined 4.7 million pounds (7.8 million U.S. dollars) by a British financial watchdog for incorrectly reporting transactions between November 2007 and April 2013.
Bank of Cyprus (BOC) shareholders who became the bank’s owners against their will in 2013, endorsed plans on Thursday to increase its capital by 1 billion euros (1.32 billion U.S. dollars).
Britain leads the European hubs on fueling Renminbi (RMB), or Chinese yuan, internationalization, with a 123.6 percent growth of RMB payments value between July 2013 and July 2014, said SWIFT in its latest RMB Tracker report this week.
The booth of Nissan is seen during the Moscow International Automobile Salon in Moscow, Russia, on August 27, 2014. The Automobile Salon will last till September 7.
Gold futures on the COMEX division of the New York Mercantile Exchange dropped slightly Wednesday as U.S. stocks continued advancing with the Dow Jones Industrial Average challenging uncharted territory.
Crude prices steadied Wednesday as a government report showed U.S. crude inventories at Cushing, the contract’s delivery point, increased last week, meeting expectation.
China’s economy is facing multiple domestic and international challenges despite its steady performance in the past seven months, said a senior economic official in Beijing on Wednesday.
The interconnector”Iasi-Ungheni”gas pipeline is 43.2 km long and has an annual transportation capacity of 1.5 billion cubic meters,covering about one third of Moldova’s needs s. The first transit of natural gas from Romania will be undertaken on Sept.
Australia’s national flag carrier, Qantas, has shocked the local market by recording a loss of 2.8 billion Australian dollars (2.6 billion U.S. dollars), around three times worse than expected.