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Why a Federal Reserve interest rate hike matters

The Federal Reserve, the US central bank, is poised to announce it will raise interest rates for the first time since 2006. This announcement is seen

The Federal Reserve, the US central bank, is poised to announce it will raise interest rates for the first time since 2006. This announcement is seen

Business

Spain's solar energy firm Abengoa begins insolvency proceedings

Spain’s troubled renewable energy company Abengoa is said to have begun insolvency proceedings after talks with a potential investor broke down. The

Spain’s troubled renewable energy company Abengoa is said to have begun insolvency proceedings after talks with a potential investor broke down. The

Business

Slow Greek reforms cost Athens latest two billion euro aid package

The EU has withheld the latest two billion euro tranche of aid to Greece, destined to pay civil service salaries, because allegedly Athens has fallen

The EU has withheld the latest two billion euro tranche of aid to Greece, destined to pay civil service salaries, because allegedly Athens has fallen

News

Greece clinches third bailout worth 86 billion euros

Greece has secured a third bailout worth 86 billion euros after Greek lawmakers accepted their tough conditions. The Dutch finance minister said he

Greece has secured a third bailout worth 86 billion euros after Greek lawmakers accepted their tough conditions. The Dutch finance minister said he

Europe

Eurozone ministers extend Greek bailout by two months

Eurozone finance ministers have given Greece’s bailout a two month extension after Athens failed to agree on the necessary economic reforms to

Eurozone finance ministers have given Greece’s bailout a two month extension after Athens failed to agree on the necessary economic reforms to

Business

Fitch warns France over credit rating in face of deficit dilemma

Another blow for the French government as the ratings agency Fitch warned it may cut France’s credit rating. The double A plus rating on French

Another blow for the French government as the ratings agency Fitch warned it may cut France’s credit rating. The double A plus rating on French

Business

Bulgarian banks bolstered as EU extends credit line

The European Commission has agreed to extend a credit line of 1.7 billion euros to bolster Bulgarian banks. Authorities in Sofia believe two of

The European Commission has agreed to extend a credit line of 1.7 billion euros to bolster Bulgarian banks. Authorities in Sofia believe two of

News

Millions affected by South Korean credit card data theft

Angry credit card customers have flocked to banks in South Korea to cancel their cards after a massive theft of personal data. The loss is believed

Angry credit card customers have flocked to banks in South Korea to cancel their cards after a massive theft of personal data. The loss is believed