World Economy

About 17% of US banks have eased standards and terms on business loans to large firms in the second quarter, according to senior bank loan officers surveyed by the federal reserve. More than 10…

Greece received on Monday the final €15 billion payment from its eight-year bailout program in what creditors hailed as proof that tough austerity measures were “paying off”.

The payout…

The recent acceleration in wage growth in the eurozone is a harbinger of higher future inflation, the European Central Bank said on Tuesday.

The German government has said it wants to be able to intervene earlier if a non-EU investor acquires 15% of a German company. Berlin has been wary of Chinese and US investors moving to take…

Hungary’s preliminary unadjusted industrial output grew by an annual 4.2% in June, somewhat overshooting a 3.95% forecast, after a 0.4% expansion in May, the Central Statistics Office, KSH, said…

While few European states can pretend to share Germany’s distinction of being a “country of poets and thinkers”, none can rival German abilities to extract so much wealth from the rest of the…

The Philippines remains an excellent site for job-generating foreign direct investments, given the country’s highly skilled workforce, competitive labor cost and strong macroeconomic…

Banking giant HSBC said on Monday that pre-tax profit rose 4.58% to $10.7 billion in the first six months of the year and voiced “cautious optimism” despite the US-China trade row, AFP reported…

Didi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to…

The current economic slowdown in Malaysia is due to investors adopting a cautious attitude after the 14th general election, according to minister of economic affairs, Mohamed Azmin Ali.

India’s Reliance Communications Ltd said on Monday it had received approval from the Supreme Court to proceed with the sale of its wireless assets to Reliance Jio after it agreed to pay 5.5…

European shares struggled on Monday as fears of the escalating US-China trade conflict outweighed the boost to sentiment from Chinese authorities’ intervention last week to shore up its currency…

Japan’s SoftBank Group on Monday reported a 49% rise in first-quarter operating profit, boosted by the sale of its stake in Indian e-commerce firm Flipkart–the first public divestment by its…

Countries espousing free trade in response to US trade war threats should just drop all their own tariffs to zero—but they won’t, says St. Louis Federal Reserve Bank President James Bullard.

Credit Suisse strategists cut Britain’s equities to benchmark from overweight on Monday, citing their more cautious view on commodities and expectation that sterling has already experienced most…

Indonesia posted strong economic figures for the second quarter of this year, despite pressure from higher US interest rates and consecutive rate hikes from the country’s central bank.

The World Bank at the weekend said it was planning to increase its funding to Nigeria by $4.5 billion over the next three years to support projects in the power and health industries and in…

The elevation in trade tensions between the US and China may have dominated headlines in recent months, but a tariff war is not the most pressing concern for Beijing, according to one research…

The World Bank estimates that, on the global level, illegal revenues generated by corruption, crimes and tax evasion range between $1.5 to $1.8 trillion annually, which represents 4% to 6% of…

From India to Europe, recent actions of central banks should not be viewed with the "same lens" but the overall message points to "synchronized" withdrawal of stimulus measures, experts say.

Australia on Sunday announced a A$190 million ($140.56 million) aid package for drought-afflicted farmers as much of east coast suffers the worst dry spell in living memory, Reuters reported.

A sort of cold war involving a series of complex issues has been going on the last few weeks in Tunisia between the presidency of the republic and the presidency of the government regarding…

Canada is “very keen” on concluding negotiations to renew the North American Free Trade Agreement as soon as possible, Foreign Minister Chrystia Freeland said on Saturday, amid signs of progress…

Taiwan President Tsai Ing-wen touted on Sunday economic upturn, lower unemployment rate, and rise in stock exchange index since she took office as evidence that the Democratic Progressive Party…

Asian countries have voiced concern about the potentially devastating impact of a US-China trade war, with ministers calling for the acceleration of talks for a gigantic Beijing-backed free-…