World Economy

Top American or Asian banks will have to hold enough capital buffers for their activities in the European Union to face crisis without help from their headquarters, a draft EU law says, according…

ECB President Mario Draghi has urged the European Union to stay united in the face of challenges such as Brexit as he warned that the cohesion of Europe is being tested.

Speaking in the…

The past week has been brutal for bond funds. Investors ditched bonds at the fastest weekly rate since 2013, according to analysts from Deutsche Bank, on fears high interest rates and inflation…

Brazilian economic officials reinforced calls for fiscal discipline to rekindle the country’s troubled economy, as the election of Donald Trump as US president added uncertainty to emerging…

The financial watchdogs of Finland and Denmark want the European Union to step in and address a gap in regulations that the two countries say has the potential to destabilize their markets as they…

The Federal Reserve's second-in-command was the latest to wade into a post-election debate over what policies the new US government should pursue, saying on Monday spending and other efforts to…

The managing director of the International Monetary Fund Christine Lagarde said Russia has done a good job maintaining macroeconomic stability given declining crude prices.

Real gross domestic product of the member countries of the Organization for Economic Cooperation and Development area picked up markedly in the third quarter, data showed Monday, RTTnews reported…

A measure of national economic activity improved in October but its less-volatile, three-month average weakened, according to the Chicago Federal Reserve on Monday—one sign that below-potential…

Africa’s biggest economy Nigeria is stuck in a painful recession with no end in sight, according to the latest official data released on Monday.

Japan saw its second consecutive trade surplus in October, official data showed on Monday, though it came in below expectations as a strong yen dented exports.

HSBC is no longer one of the two most important banks in the global financial system, and has been replaced by American lender Citi, according to the latest data from the Financial Stability Board…

The rumblings of discontent started before Malaysian Prime Minister Najib Razak had even set foot back on home soil.

Spain’s economy minister has urged European governments to look beyond a rising clamor for fiscal stimulus and focus instead on boosting trade and fixing ailing banks to spur more growth.

After years of turbo-driven central bank stimulus, most Europeans still want to leave their spare cash in savings accounts, even if those accounts pay zero interest.

That’s the finding of a…

United Nations Secretary-General Ban Ki-moon called on Africa Industrialization Day economic growth that will enable all people on the continent to realize their potential, PrensaLatina reported…

Despite various economic indicators showing signs of improvement in Taiwan, confidence in the local economy has fallen according to a survey released by Cathay Financial Holding Co. on Monday.…

Leaders of 21 Asia-Pacific nations ended their annual summit late Sunday with a call to resist protectionism amid signs of increased free-trade skepticism, highlighted by the victory of Donald…

Asian shares were on the defensive on Monday, undermined by fears that the strength in the US dollar and rising US bond yields since Donald Trump’s election to president could accelerate fund…

A political scandal has sparked massive anti-government protests in South Korea. President Park Geun-hye is facing questions about the financial dealings of an unelected confidante: Choi Soon-sil…

European Central Bank President Mario Draghi said 2016 marked the first year when gross domestic product in the eurozone recovered to above its pre-crisis level since 2008.

The recently announced demonetization move by the Prime Minister of India, Narendra Modi, in order to curb the menace of black money is expected to have a detrimental effect on the country’s gross…

Several US allies took aim at Donald Trump’s views on global trade, while China’s president made an impassioned call against the sort of protectionism favored by the president-elect, at a summit…

France lowered its economic growth target for 2016 to 1.4% from a previous estimate of 1.5%, a government statement said, Xinhua reported.

The Russian Direct Investment Fund plans to set up a venture fund in cooperation with Japan, Chief Executive of RDIF Kirill Dmitriev said on the sidelines of the APEC forum in Peru, Tass reported…