(MENAFN - AFP) Black Friday, the biggest US shopping "holiday", kicked off with expectations that lower gasoline prices and higher consumer confidence could mean better year-end retail sales than last year.
The buying frenzy started early, turning Thursday's Thanksgiving Day holiday into what the industry has begun calling "Gray Thursday".
(MENAFN - AFP) Energy-rich Russia's currency extended Friday its slide into record low territory and the government lowered its crucial oil price forecast in the wake of OPEC's decision to leave its output target unchanged.
The ruble shed another 1.6 percent against the dollar and stood near the 49.35 mark in evening trading on the Moscow Exchange. It gave up the same percentage ...
(MENAFN - AFP) Inflation in the eurozone returned to a five-year low, official data showed on Friday, raising pressure on the European Central Bank to unveil even more steps to fight the threat of deflation.
The official data also showed that unemployment remained steady at 11.5 percent in October, unchanged amid a stagnating European economy.
(MENAFN - AFP) India said Friday the economy grew 5.3 percent from July-September year-on-year, significantly slower than the previous three months, stirring hopes of interest rate cuts to boost investment.
The performance was a little better than market forecasts of 5.1-percent expansion in the second quarter of the financial year, but still a sizeable downturn from 5.7-percent ...
(MENAFN - AFP) The EU on Friday gave France, Italy and Belgium an extra three months until March to fix their bloated budgets, but warned it would still enforce humiliating sanctions if they fail to curb spending.
The three countries were singled out by the European Commission, the EU's executive branch, as it unveiled a tough assessment of eurozone budgets under new powers ...