World Economy

Singapore is next in line if London loses its status as leading business hub in the world.

The Asian island nation ranks behind London as the best global city, PricewaterhouseCoopers LLP…

Australia’s resource-rich economy expanded at its fastest annual pace in four years last quarter, clinching a remarkable run of 25 years without recession as surging exports more than made up for…

German industrial production posted its steepest fall in 23 months in July, data showed on Wednesday, in a further sign that Europe’s largest economy is set for a slowdown.

For the past four years, analysts at Fitch Ratings and Wall Street banks have shared a consensus: a credit crisis will break out in China at any time. Their prediction was based on two factors:…

Saudi Arabia is intensifying efforts to shrink the highest budget deficit among the world’s biggest 20 economies, aiming to cancel more than $20 billion of projects and slash ministry budgets by a…

The European Central Bank is expected to extend its trillion-euro bond-buying program beyond March 2017 and announce to expand the universe of eligible bonds as part of its seemingly never-ending…

Chile’s economic activity rose 0.5% in July from the same month a year earlier, below even the most pessimistic forecasts, as growth in services and retail was weighed down by declines in…

German pharmaceutical giant Bayer AG says it’s increasing its bid for American seed company Monsanto Co, AP reported. The Leverkusen-based drug and chemicals company said in a statement early…

Airbus Group SE won about $6.5 billion of orders from carriers in Vietnam, a nation that’s likely to rank among the top 10 fastest-growing aviation markets in the next two decades, Bloomberg…

Australia’s central bank held interest rates steady on Tuesday, a month after cutting to a record low of 1.5%, and left open the question of further easing as the country gets ready to toast 25…

The US Federal Reserve, the Bank of England and the ECB’s low-interest rate policies have increased economic inequality across the West, made the rich richer, and hurt pensions, …

Romania has registered the biggest economic growth out of the 28 member states of the European Union in the second quarter of the year, with a GDP increase of 1.5%, according to an estimation of…

South Africa’s economy avoided a second recession in seven years as mining and factory output rebounded.

Swiss economic momentum accelerated in the second quarter, exceeding that of the eurozone and hitting its fastest pace since 2014.

Russia’s struggling economy has plunged millions of people into poverty as the Russian currency lost value and inflation soared. As prices have gone up, more Russians are relying on gardening to…

It turns out some wealthy companies are just like some wealthy hedge fund managers: They're taxed at far lower rates than nearly everyone else.

Steel production in India climbed the most in at least a year as producers fire up capacity in expectation of growing demand in Asia’s third-biggest economy.

Output in August advanced 12%…

German industrial orders data on Tuesday underlined growing concerns that Europe’s biggest economy is heading towards an economic slowdown, eking out a smaller-than-expected rise and showing a…

UK bank shares have been particularly volatile post-Brexit, with Royal Bank of Scotland Group, Barclays and Lloyds Banking Group each down 30%-40% at one point since the UK’s vote to…

The dollar weakened and developing-nation currencies rose after US jobs data damped speculation that the Federal Reserve will raise interest rates this month.

Business activity in Egypt shrank for the 11th consecutive month in August as data for output, new orders, and employment deteriorated, with purchase prices rising sharply amid a hard currency…

Italy’s economic growth has halted, Istat national statistics agency said in a monthly bulletin out Monday, ANSA reported. “The Italian economy’s growth phase has been interrupted due to declining…

The eurozone will not release additional bailout money for Greece at a meeting in Bratislava this month, Germany’s Handelsblatt Global reported, citing European Union diplomats.

Call it the Snooze Economy. Roughly two months before the presidential election, the US economy has turned both boring and mystifying. It hardly impresses anyone, and yet this plodding performance…

The UK service sector, which includes transport, communication, financial services, IT, hotels and restaurants, rebounded in August. This indicates that the economy recovered after confidence took…