(MENAFN - AFP) Turkish Prime Minister Ahmet Davutoglu on Wednesday welcomed the central bank's decision to bring down a key interest rate as a step "in the right direction" and expected further cuts next month.
"The latest reduction in interest rate is a right decision," Davutoglu told a news conference a week after the central bank pruned the one-week repurchase rate to ...
(MENAFN - AFP) Greece's new left-wing government will halt the privatisation of the country's biggest port Piraeus, which China's COSCO group has bid for, an official in charge of the process said Wednesday.
"We will halt the privatisation of the port of Piraeus and that of Thessaloniki too," the new deputy minister for merchant marine, Theodoros Dritsas, told AFP.
(MENAFN - AFP) A powerful Chinese regulator on Wednesday blasted e-commerce giant Alibaba for allowing "illegal" actions on its multi-billion-dollar online shopping platform, accusing executives of narcissism in an unusual government dressing down of a major domestic company.
The State Administration for Industry & Commerce (SAIC), charged with maintaining market order ...
(MENAFN - AFP) Asian stock markets ended mostly higher Wednesday after reversing earlier losses, although dealers remained nervous following a heavy sell-off in New York sparked by poor earnings reports.
Traders are also keeping an eye on Europe as Greece's new anti-austerity government prepares to face off with its international creditors over its bailout.