World Economy

The rich are getting richer, but not in every country. The number of ultra wealthy people in the world ticked up by 0.6% in 2015, according to a new report from Wealth-X, while their total wealth…

The head of the bankers’ association in Denmark, where interest rates have been negative longer than anywhere else on the planet, says the policy may not be as punishing for lenders as once…

The industrial sales index of Italy gauges the monthly development of sales by industrial enterprises at current prices, stated Italy’s official statistics office, Istat. The seasonally adjusted…

Malaysia’s economy remains on a firm footing with the country’s economy projected to grow by 4 to 4.5% in 2016, Prime Minister Najib Razak assured German business leaders.

The economy…

Developing economies in Asia are holding steady and will grow at the earlier forecast rate of 5.7% this year and next, buoyed by resilience in the region’s two largest economies, China and India,…

The International Monetary Fund has warned the Canadian economy will face downside risks in the near term due to a sustained period of low commodity prices coupled with a possible housing downturn…

Last year, the Hungarian economy expanded strongly by 2.9%; however, the momentum is decelerating at a rapid pace in 2016.

Investor concerns on the Philippines Rodrigo President Duterte administration’s war on drugs coupled with external developments causing uncertainty globally pulled the peso to a seven-year low on…

London’s role as the world’s top financial center could be under threat as the implications of Britain leaving the European Union start to sink in, a survey showed on Monday.

The Z/Yen 20th…

Turkish assets plummeted the most since an attempted coup in July after Moody’s Investors Service cut the country’s credit rating to junk, Bloomberg reported.

European Union leaders will explore next month the possibility of improving strained ties with Russia in response to growing irritation among some member states over economic sanctions imposed on…

SWIFT, the system banks use to send payment instructions worth trillions of dollars each day, was hacked at least three times over the summer and cyber attacks on banks are set to intensify, the…

Nearly one in four public private partnership projects launched in the Middle East and North Africa region have not been implemented, according to a report.

Asian as well as European shares were broadly lower Monday, as traders largely gave up hope for an oil breakthrough this week and as the Bank of Japan flagged that it remained committed to…

The world’s two largest iron-ore exporters—Australia and Brazil—will each add about 100 million metric tons of supply through the end of the decade, boosting a global glut and hurting prices in a…

Saudi Arabia’s central bank stepped up efforts to support lenders in the Arab world’s biggest economy as they grapple with the effects of low oil prices. Banks’ shares advanced.

The former chief economist of the International Monetary Fund has told the BBC a slowdown in China is the greatest threat to the global economy.

Japanese Prime Minister Shinzo Abe pledged Monday to accelerate his mix of policies to prop up Japan’s economic recovery and speed up parliamentary approval of the Trans-Pacific Partnership trade…

India has become the center of the world’s oil demand growth and the country’s economic growth will affect global commodities, Citigroup Inc. said in a research note.

Deutsche Bank AG shares dropped to a record low amid concerns that the lender’s capital buffers will be undermined by mounting legal charges including a settlement tied to the sale of US…

The World Bank urged Sudan to undertake swift structural reforms to revive its ailing economy, which a top Sudanese official insisted had been adversely impacted by US trade sanctions, AFP…

Bank Indonesia projects Indonesia’s household consumption will maintain positive economic growth in the country in the third quarter of 2016, although at a lower level than the central bank’s…

China has begun reducing its tariffs on a range of technology goods imported from World Trade Organization members, South Korea’s customs authorities confirmed Sunday, Yonhap reported. On Sept. 15…

Reserve Bank Governor Philip Lowe believes Australia’s economy does not warrant lower rates, but he has left open the possibility that he may be forced into it by the monetary policy action of…

The Irish Central Bank has given its clearest indication yet of a reluctance to change its strict rules on mortgage lending and warned that adopting a “fine tuning” approach could lead…