World Economy

China plans to allow global banks to take a stake of up to 51% in their onshore securities ventures for the first time and tie up with local non-financial firms, people familiar with the matter…

Business confidence across the six (Persian) Gulf Cooperation Council states, has fallen to its lowest level since the first quarter of 2016, according to the latest Global Economic Conditions…

Headline inflation further accelerated to 3.5% in October, the fastest in almost three years, boosted by an increase in prices of non-food items, the Philippine Statistics Authority data…

The US trade deficit with Japan has been a cause of division between the two leaders, even as they continue talks to make progress on the US-Japan alliance.

Even best friends are bound…

Paradise Papers is the latest in a series of leaks made public by the International Consortium of Investigative Journalists shedding light on the trillions of dollars that move through offshore…

Taiwan’s exports grew 3% year-on-year in October, the 13th consecutive month exports have grown, according to data released by the ministry of finance Tuesday, CNA reported. Exports reached $27.…

World shares eased a notch and major currencies traded in tight ranges while oil jumped to its highest in over two years on Monday as Saudi Arabia’s crown prince cemented his power through a…

The Italian service sector continued to expand during October, albeit at a slower rate amid reports of weaker sales gains. Margins also came under pressure as companies resorted to discounting…

Expectations are growing that Korea’s gross national income per capita will reach the level of $30,000, regarded as the threshold to enter the group of truly advanced economies, for the first…

Household debt in Ireland is now at its lowest level since 2005 and is over 30% lower than the peak in 2008, RTE reported. According to figures from the Central Bank, household debt fell by €900…

A burst of Chinese data over the next few weeks is expected to show the world’s second-biggest economy cooled further in October as policy makers harden efforts to reduce financial risks and…

A strong eurozone economy boosted policymakers' confidence that inflation would reach the target, opening up the scope for less bond-buying, European Central Bank executive board member Peter…

German factory orders unexpectedly rose for a second month, adding to signs that Europe’s largest economy will continue expanding at a solid pace.

Orders, adjusted for seasonal swings…

Turkey’s trade deficit widened by 85% to $8.14 billion in September from the same period a year earlier, data from the Turkish Statistical Institute showed, Anadolu Agency reported. In September…

Japan’s services sector grew at the fastest pace in more than two years in October as new orders accelerated sharply, suggesting the economy is picking up momentum in the fourth quarter.

Most European businesses plan to cut back orders from British suppliers because of the slow progress of Brexit talks, a survey of company managers showed on Monday.

Some 63% of non-…

Spain’s services industry took a hit last month during the crisis in Catalonia, dealing a blow to one of the euroarea’s best-performing economies.

Moody’s Investors Service says its outlook for the Moroccan banking system is positive, supported in part by the country’s ongoing economic diversification and stable and predictable political…

Australia is at risk of a 2% hit to economic activity, a loss of more than a quarter of a million jobs and a fall in real wages should the rest of the world continue to shift towards greater…

Floods, hurricanes, heat waves and pollution while not only devastating to the environment has led to enormous spends by the global economy. Climate change cost the world a total of $129.4…

Shippers increasingly are fielding immense vessels to cut the costs of transporting goods from Asia to Europe, but some fear the trend will keep freight rates at low depths.

Saudi Arabia’s stock market fell in early trade on Sunday after Crown Prince Mohammed bin Salman moved to consolidate his power and crack down on corruption with a cabinet reshuffle and a string…

A failure to agree new trading terms with Europe after Brexit will result in slower economic growth, the governor of the Bank of England has warned.

Mark Carney said the “no deal”…

Futures markets have curbed their enthusiasm for interest rate hikes next year, as the impact of no growth for Australian retail sales in September troubles rate hawks, AAP reported.

India will allocate 9 trillion rupees ($139 billion) to a stimulus package that injects capital into state banks and funds road construction, looking to spur investment and employment amid…