World Economy

Japan’s trade balance swung to a surplus in September, as exports fell less than expected, AP reported. Customs figures released on Monday showed exports in September totaled 5.97 trillion yen ($…

Hiring in the UAE slowed significantly in September as market conditions remained uncertain but forecasts suggest employment prospects could pick up in 2017, Arabian Business reported. According…

The dollar was stronger against its rival currencies on Monday, nearing a fresh seven-month high against the euro and a record high against the yuan, as investors continue to bet on higher US…

Oman’s government is covering between 60 and 70% of this year’s budget deficit via international borrowing such as eurobond issues, direct placements of debt and other instruments, the central…

Given the parlous state of Europe’s economy, it’s hard to imagine that the investments of the region’s banks are among the safest in the world. Yet that is precisely what they would have…

India’s celebrated position as the world’s fastest-growing large economy conceals a dangerous weakness: Too few people seem to want to invest in the country. Even going by the government’s growth…

Christine Lagarde, Managing Director of International Monetary Fund on Monday congratulated Prime Minister Nawaz Sharif on successfully completing the IMF program, saying the completion reflected…

The outlook from Moody’s rating agency for Russia’s banking system has been revised to stable from negative due to “emerging signs of the country’s economic recovery which will likely benefit its…

TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, are close to a deal to buy online brokerage Scottrade Financial Services Inc. for $4 billion, according to people…

Ireland is facing another tax battle with the European Union and this time it will have to fight its own corner.

Spain’s bonds rose as the country’s political stalemate came close to a resolution after the Socialist party leadership opted to let acting Prime Minister Mariano Rajoy take office for a second…

South Korean container shipper Hanjin Shipping said on Monday that it would close all 10 of its European businesses operations.

Germany’s private sector expanded at the fastest rate this year in October, a survey showed on Monday, suggesting Europe’s largest economy is firing on all cylinders at the start of the fourth…

When a Chinese home-appliance company announced a plan in May to become the largest shareholder in one of Germany’s most advanced robot manufacturers, the backlash was immediate.

Share markets got an upbeat start to the week Monday on reports that China plans to ramp up controls of its unruly property sector, and news of stronger-than-expected manufacturing data from Japan…

The CEO of Malaysia External Trade Development Corporation (MATRADE) Dzulkifli Mahmud said that big Malaysian banks are ready to resume ties with Iranian banks.

Despite his deep-seated concerns for US growth, popular Canadian economist David Rosenberg is more optimistic for the global growth outlook, which he thinks could surprise on the upside, based on…

According to data released this month by the Organization for Economic Cooperation and Development, some 76% of young adults in Greece aged between 15 and 24 live at home, GreekReporter said. The…

General Motors Co. plans to launch a new SUV production line at its joint venture factory in the Chinese central city of Wuhan during the first half of 2017, the official Xinhua News Agency…

The cost to restructure debt laden shipping and shipbuilding industries in South Korea will be as much as 31 trillion won ($27 billion), according to the International Monetary Fund.

Britain could slash corporation tax to 10% if the European Union refuses to agree a post-Brexit free trade deal or blocks UK-based banks from accessing its market.

Venezuela is plagued by widespread hunger, skyrocketing infant mortality and 500% inflation. Yet its sovereign bonds are the best performers in emerging markets this year, delivering investors a…

Egypt’s imports have declined by $7 billion in the period from January to September, according to Minister of Trade and Industry Tarek Kabil, Ahram reported. Egypt’s exports, however, increased…

Ratings agency Fitch cut its outlook for Italy, saying weak growth, high debt and the uncertain outcome of a planned referendum posed risks to the eurozone’s third-largest economy.

India has seen several instances of banking cyber fraud over the years. If you haven’t received at least one call purportedly from the Reserve Bank asking to reset your PIN, you haven’t really…