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Business news from around the globe

World Bank to provide up to $2 billion to Ukraine in 2015

World Bank to provide up to $2 billion to Ukraine in 2015

The World Bank said in a statement on Thursday that it will provide up to 2 billion U.S. dollars to…
A new start for Greece: essential elements of a deal

A new start for Greece: essential elements of a deal

By Guntram B. Wolff  Greece’s new government under prime minister Alexis Tsipras – in power for not even two weeks –…
Obama joins the Greek chorus

Obama joins the Greek chorus

By Ashoka Mody US President Barack Obama’s recent call to ease the austerity imposed on Greece is remarkable – and not only…
ECB collateral damages on Greece

ECB collateral damages on Greece

By Silvia Merler The European Central Bank’s Governing Council has lifted the waiver of minimum credit rating requirements for greek government…
Iran, Russia facilitate bilateral monetary transfers

Iran, Russia facilitate bilateral monetary transfers

A Moscow-based subsidiary of Iran’s state-run Bank Melli is facilitating money transfers between Iran and Russia, Iran’s ambassador to Russia…
First tranche of Chinese loan to build dams in Argentine Patagonia; CFK en route to Beijing

First tranche of Chinese loan to build dams in Argentine Patagonia; CFK en route to Beijing

The construction of the Nestor Kirchner and Jorge Cepernic dams in Santa Cruz, Patagonia is finally set to begin now…
Retaking the Greek Test

Retaking the Greek Test

By Ashoka Mody For about five years now, Greece has been giving the euro area authorities a test in economics…
Greek choices after the elections

Greek choices after the elections

By Zsolt Darvas There is a chance for an agreement between the new Greek government and euro-area partners with both sides…
Eurasian Heart of Gold

Eurasian Heart of Gold

By Samantha Brletich What is the impact of Kumtor on Kyrgyzstan’s Gold Mining Sector? Nationalization talks have started again in…
The ECJ suggests OMT is compatible with the Treaty, but not with the Troika

The ECJ suggests OMT is compatible with the Treaty, but not with the Troika

By Silvia Merler The OMT introduces explicit conditionality for the bond buying and it links the decision of the Governing Council…
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