World Economy

  • President Nicolas Maduro signed off on Venezuela’s 2017 budget, drawing fire from the opposition-led National Assembly which accused the unpopular leftist leader of despotism for bypassing the…

    World-Economy
  • Citigroup Inc, the fourth-biggest US bank by assets, reported a 10.5% drop in quarterly profit, but beat analysts’ expectations as revenue from investment banking and fixed-income trading rose.

    World-Economy
  • The international agency Moody’s has confirmed Bulgaria’s credit rating and a stable outlook. “The strong fiscal position, stable economy and broad agenda for reform in Bulgaria maintain the…

    World-Economy
  • The prospect of a messy divorce between the UK and the European Union threatens to overwhelm support for nation’s bonds from the Bank of England’s asset purchases.

    World-Economy
  • The government ran a $587 billion budget deficit for the just-completed fiscal year, a 34% spike up over last year after significant improvement from the record deficits of President Barack Obama'…

    World-Economy
  • Belgium’s coalition government has agreed the basics of its budget, finding savings of some €3 billion ($3.4 billion) to help balance the books.

    “Agreement,” said Prime Minister Charles…

    World-Economy
  • The curious saying “beware Greeks bearing gifts” alludes more to the fable of Troy’s wooden horse than to the warmth and hospitality for which Greece is famous.

    But the Greeks themselves…

    World-Economy
  • German consumers are facing higher electricity bills next year as rising costs for the country’s shift to greener energy will drive a surcharge for renewables to an all-time high despite efforts…

    World-Economy
  • Britain’s banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say.

    Reported…

    World-Economy
  • Deutsche Bank AG is implementing a companywide hiring freeze as Chief Executive Officer John Cryan seeks to lower costs and shore up investor confidence, according to people with knowledge of the…

    World-Economy
  • Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertilizer and oil giant with almost $100 billion annual…

    World-Economy
  • Gabon’s cabinet has cut its 2017 budget by over 5% as persistently low crude prices and falling output pressure the oil-producing Central African economy, it said in a statement on Thursday,…

    World-Economy
  • This is what it takes to run a mega-dairy in the scorching desert here: 180,000 Holstein cows, precisely cooled cowsheds, water pumped from deep underground, feed from Argentina and a state-of-the…

    World-Economy
  • Samsung Electronics Co Ltd on Friday said it expected to take a hit to its operating profit of about $3 billion over the next two quarters due to the discontinuation of its fire-prone Galaxy Note…

    World-Economy
  • Fitch Ratings, one of the world’s leading rating agencies, has upgraded Taiwan’s ratings, in reflection of the country’s efforts to steadily improve its fiscal strength despite slower economic…

    World-Economy
  • Only 30% of Japanese households have experience investing in stocks and nearly 80% say they would not take on risk even for an investment yielding significant returns, a survey showed,…

    World-Economy
  • It turns out Masayoshi Son isn’t ready to retire after all.

    World-Economy
  • China stocks ended little changed on Friday as investors wrestled with mixed economic reports ahead of third-quarter gross domestic product data next week that will shed more light on the health…

    World-Economy
  • Singapore’s economy contracted sharply in the September quarter, according to the advance gross domestic product estimate released by the Singaporean Ministry of Trade and Industry Friday.

    World-Economy
  • The European Central Bank is starting to price itself out of the corporate-bond market as yields plumb such lows that some notes are no longer eligible for its purchase program.

    World-Economy
  • The 8th BRICS summit will be held in the Indian city of Goa beginning October 15. It will bring together leaders from Brazil, Russia, India, China and South Africa—the BRICS member countries.

    World-Economy
  • Russian President Vladimir Putin praised the “stabilization” of the Russian economy Wednesday but said more can be done to promote growth.

    Russia’s economy contracted by 3.7% last year on…

    World-Economy
  • As re-exports shrank, Dubai’s non-oil foreign trade fell marginally in the first-half of the year. The total trade during the first six months of 2016 ending on June 30 was AED647 billion ($176.1…

    World-Economy
  • Venezuela is courting a deeper economic collapse and hyperinflation that could spark an exodus of its people into neighboring countries, the International Monetary Fund said.

    World-Economy
  • The pound risks turning from prop to pain for the UK economy as Brexit negotiations near.

    World-Economy