IMF predicts Britain's GDP growth rate will surge to 3.2% by year end

The International Monetary Fund has raised its forecast for Britain's economic growth rate for the second time this year.

US, Europeans to Slap New Sanctions on Russia

SEOUL - President Obama and four European leaders agreed on a conference call Saturday to impose new sanctions on sectors of the Russian economy, the White House said.

Russia's Bond Market Grows Up

On its face, it seems tempting enough. A big country with a strong desire to become a world financial center that can one day rival Frankfurt is opening up its local government bond market to foreign investors.

Russia told to clean up its act by OECD

Russia is being warned that the country’s future economic growth is likely to be hampered by a poor business environment, a lack of investment in innovation and heavy dependence on oil and gas sales.