Brent crude oil price has slumped by more than two percent after Iran and the five permanent members of the UN Security Council plus Germany reached a deal over Tehran’s nuclear energy program.
Sat Nov 23, 2013 4:35PM
The role of the US dollar as a reserve currency is coming to an end, terminating the US financial bully status, an American economist writes in a column for Press TV
Wed Nov 13, 2013 4:7PM
The US National Security Agency (NSA), whose espionage activities have sparked outrage worldwide, gathers economic data in order to keep the US economy in the position of force, a prominent international lawyer tells Press TV.
Sat Oct 26, 2013 4:58AM
The French automaker Peugeot has experienced an estimated four billion euros in lost sales after cutting ties with the Iranian automaker Iran Khodro under pressure from an American partner company, Press TV reports.
Thu Oct 24, 2013 1:43PM
A prominent American economist says the United States has already become a Third World economy as the world superpower continues to offshore its gross domestic product (GDP).
Mon Oct 21, 2013 8:15AM
Official figures show that Japan’s trade deficit for September surged to a new record high as exports growth in the country slows.
Mon Oct 14, 2013 7:22AM
Asian stocks have plummeted amid increasing concerns that the ongoing shutdown of the US federal government may lead to a default.
Mon Oct 14, 2013 12:52AM
The International Monetary Fund (IMF) has warned of massive disruption throughout the world in case the US government defaults on its debt.
Mon Sep 30, 2013 3:56PM
Financial markets in Asia and Europe have been rocked over concerns that the United States’ government might be heading for a partial shutdown.
Thu Sep 12, 2013 12:52AM
The Standard & Poor's (S&P) ratings agency has warned that Turkey’s current economic and political situation could aggravate the country’s budgetary deficit.
Tue Aug 27, 2013 9:21PM
European stocks have fallen sharply amid the escalating rhetoric of war against Syria over allegations that the Syrian government has used chemical weapons.
Tue Aug 27, 2013 4:34PM
Oil prices have hit a new near six-month high amid growing concerns about possible military intervention in Syria.
Tue Aug 13, 2013 5:41PM
Oil prices in the global markets have climbed amid reports of supply disruptions in Libya’s crude exports.
Thu Jul 4, 2013 3:18PM
The main index of Tehran Stock Exchange (TSE), TEPIX, continues its upward trend, setting a new record in terms of trade volume despite fresh US-engineered sanctions against Iran.
Thu Jul 4, 2013 2:50PM
European markets have experienced a sharp drop as news of political turmoil in Egypt and Portugal continues to raise speculation and fear in the global economy.
Fri Jun 21, 2013 1:37AM
Global markets have plunged following the announcement by the US Federal Reserve that it may begin to cut back on its stimulus of the US economy later this year.
Sun Jun 9, 2013 2:42AM
The 2013 meeting of the Bilderberg Group is currently underway, with the usual clampdown on media coverage, but it appears that “big data” is one of the main topics on the agenda.
Mon Jun 3, 2013 7:6PM
US manufacturing growth has contracted to its lowest reading in four years, the Institute for Supply Management (ISM) says.
Tue Apr 16, 2013 12:37AM
Global gold prices have plunged more than nine percent in a single day, its biggest one-day decline since 1983.
Thu Apr 11, 2013 8:35PM
An unprecedented leak of documents has disclosed outrageous financial corruption among prominent political figures and billionaires across the world.
Mon Mar 25, 2013 10:24PM
European stock markets have plunged after Cyprus struck a 10-billion-euro ($13 billion) bailout deal to save the country from bankruptcy.
Thu Feb 28, 2013 3:38PM
Germany’s second largest telecommunications company has reported a loss of over five billion euros in the fourth quarter of 2012, amid a crisis in its mobile market.
Fri Feb 22, 2013 3:6AM
US stock markets have dropped for the second consecutive day over concerns about US and European economies.
Fri Feb 8, 2013 1:12AM
The price of Brent oil has jumped to its highest level in five months, a day after the United States imposed new illegal sanctions against Iran.
Wed Feb 6, 2013 11:54PM
Oil prices have jumped following new US sanctions against Iran, with Europe's benchmark Brent rising to $116.73 per barrel.
Tue Feb 5, 2013 3:46AM
The Dow Jones Industrial Average dropped 130 points following other major markets that fell over political uncertainty in Europe.
Fri Feb 1, 2013 3:21PM
Embattled Japanese consumer electronics giants Panasonic and Sharp have posted more than USD11 billion in combined losses over the nine-month period ending in December.
Fri Jan 11, 2013 2:56PM
A senior Iranian business official says the Islamic Republic has exported USD330 million worth of hand-woven Persian carpets in the first nine months of the current Iranian calendar year (started March 20, 2012).
Wed Jan 9, 2013 2:43PM
French auto-giant Peugeot has reported a 16.5 percent drop in sales of cars and spare parts worldwide as Europe’s financial crisis takes its toll on the country.
Fri Dec 28, 2012 11:26AM
Oil prices have soared in the Asian markets ahead of a last-minute effort in Washington for a new budget deal before the year-end deadline.
Fri Dec 21, 2012 7:28AM
Iran has held the ninth edition of the International Exhibition of Advertising, Marketing and Related Industries in the capital city of Tehran, Press TVreports.
Thu Dec 20, 2012 2:46AM
Oil prices in the global markets have risen amid news of a decline in US petroleum inventories, with Brent North Sea crude for February climbing $1.52 to end at $110.36 per barrel in London trade.
Wed Dec 19, 2012 3:42AM
A new United Nations report has presented a gloomy outlook for global economic growth and said that the unemployment crisis in Western countries may continue for years.
Thu Dec 13, 2012 9:57AM
Japan’s Mitsubishi Aircraft Corporation has reached a deal with the US-based SkyWest Airlines to sell 100 jets worth $4.2 billion to the American commuter carrier.
Wed Dec 12, 2012 5:28PM
The price of Brent crude futures has increased to above USD110 per barrel in global oil markets on anticipation that the US Federal Reserve will announce a fresh stimulus plan.
Wed Dec 12, 2012 4:39PM
Members of Organization of the Petroleum Exporting Countries have agreed to leave their oil production ceiling intact, while voting to keep Secretary-General Abdullah El-Badri in his post for another year.
Sat Dec 8, 2012 2:42PM
The Standard & Poor's (S&P) ratings agency says the Italian economy will continue to shrink in the following months as the country sinks deeper into recession.
Fri Nov 30, 2012 1:31PM
The world’s first pan-African low-cost airline, Fastjet, has commenced commercial operations, enjoying a popular demand on its first day of flights.
Tue Nov 20, 2012 12:27PM
Global oil prices have rallied as Israel intensifies its airstrikes on the besieged Gaza Strip, raising fears that a prolonged conflict could disrupt supplies from the crude-rich Middle East.
Tue Nov 20, 2012 2:26AM
Global crude oil prices have risen as the Israeli regime intensifies its deadly attacks on the besieged Gaza Strip.
Mon Nov 12, 2012 3:28PM
Moody’s credit rating agency has cut its next year’s outlook for leading world economies, saying that the struggle for member states of the Group of 20 (G-20) is expected to continue until 2014.
Wed Nov 7, 2012 1:28AM
Crude oil prices have risen more than three percent in both New York and London as investors, along with voters across the United States, wait for the results of the US presidential election.
Sat Oct 27, 2012 7:15PM
Iranian money changers and foreign exchange market activists believe that parity rates of various foreign currencies will soon decline due to special measures taken by the government.
Sat Oct 27, 2012 11:16AM
The largest bank in Switzerland, UBS AG, is likely to slash as many as 10,000 jobs, which account for 16 percent of the bank’s workforce, amid shrinking revenue and rising capital requirements, a source familiar with the company said.
Sat Oct 13, 2012 10:23AM
The International Monetary Fund (IMF) warns that global economic growth has slowed down, highlighting that advanced economies need to increase the pace of policy reforms in a bid to rebuild confidence.
Fri Oct 12, 2012 9:57AM
London's Brent crude has risen above $115 dollar per barrel amid tension between Syria and Turkey as well as falling output from North Sea fields.
Fri Oct 12, 2012 7:48AM
Recent surveys show that global economy, hit hard by the European recession and slowing growth in the United States, will maintain its sluggish rate of improvement despite domestic headwinds in some countries.
Fri Oct 12, 2012 6:40AM
The International Monetary Fund (IMF) has warned that the public debt in developed countries stands at “wartime levels” and poses a major threat to the global economy.
Wed Oct 10, 2012 6:46PM
Global oil prices have soared after a three-week decline on increasing tensions in the Middle East with Brent North Sea crude exceeding $114.50 a barrel.
Wed Oct 10, 2012 1:42AM
Brent North Sea crude for November has jumped to over $114 per barrel amid rising demand and concerns over a potential decline in supplies.