World Economy

The Reserve Bank of Australia is likely to hold its benchmark interest rate steady at its Tuesday meeting, with the main focus set to be on potential signals of future moves, News.com reported.…

The UAE cabinet has adopted the final draft of the federal law on bankruptcy which allows companies and individuals to restructure their debt while avoiding bankruptcy liquidation, TradeArabia…

Even before the final communique is drafted for the annual G20 summit the leaders of the world’s largest economies already seemed to agree on their most pressing priority: to find a way to sell…

The South African economy might be on the cusp of a turnaround, according to senior independent economist Azar Jammine.

However, Econometrix chief economist Jammine stressed that he was not…

Could a robot do your job? Millions of people who didn’t see automation coming will soon find out the painful way. The answer is a resounding yes.

Turkey’s annual consumer inflation slowed for the first time since April as increases in food moderated, Bloomberg reported. The inflation rate dropped to 8.05% in August from 8.79% a month…

A new economic order will emerge by 2030, with Southeast Asia taking on a central role, Lao Prime Minister Thongloun Sisoulith told business leaders in his nation’s capital on Monday.

The 19-country eurozone lost some economic momentum in August, largely because of a slowdown in Germany, a closely watched survey showed Monday, days ahead of another possible stimulus package…

Bank of Japan Governor Haruhiko Kuroda said on Monday it is “still fully possible” to cut interest rates deeper into negative territory and to quantitatively expand monetary policy further.

Shadow lending by listed Chinese banks surged in the first half, underlining the challenges faced by the country’s banking regulator as it tries to rein in the use of opaque lending…

International Monetary Fund Managing Director Christine Lagarde said the institution would likely downgrade its 2016 global growth forecast again as economic prospects are dimmed by weak demand,…

Britain needs to be prepared for some “difficult times” ahead as it leaves the European Union, Prime Minister Theresa May has said.

Speaking to the Andrew Marr Show—in her first major…

Second Finance Minister Johari Abdul Ghani reiterated Sunday that Malaysia’s gross domestic product is among the best in ASEAN, despite the global economic slowdown, Yahoo reported.

Leaders of the world’s biggest powers met Sunday to try to revive the sluggish world economy, with their host Chinese President Xi Jinping urging them to avoid “empty talk”.

Opening the two…

Canadian merchants are hoping a new online storefront via e-commerce giant Alibaba will help them sell more to the rapidly expanding Chinese marketplace.

Prime Minister Justin Trudeau and…

Russian President Vladimir Putin, in a speech at the G20 summit in China, struck an upbeat tone on the Russian economy, saying it had stabilized, and pledged to cut the country’s budget deficit as…

Emmanuel Macron, who resigned from the French government on Tuesday, criticized President Francois Hollande’s government in a newspaper interview for not pushing hard enough for reforms, Reuters…

For the sixth consecutive time this year, the consumer price index in Nigeria, which measures inflation, rose hitting 17.1% year-on-year in July, representing 0.6% or 60 basis points increase over…

The United Nation’s new Sustainable Development Goals apply to all 193 UN member states, yet one year in some say that rich countries aren’t taking their critical role quite as seriously as…

In the first quarter of this year US companies spent $166.3 billion purchasing shares of their own stock.

European inflation and interest rates will be low for a longer period of time, said Jeroen Dijsselbloem, who heads the Eurogroup of eurozone finance ministers.

A bunch of warning signs have bubbled up in Saudi Arabia’s economy over the past few months.

The Saudi economy grew by just 1.5% in the first quarter compared with the year before…

Kuwait’s government posted a budget deficit of KD4.6 billion ($15.22 billion) for the fiscal year 2015/16 as a result of the sharp decline in oil prices, TradeArabia reported.

Credit rating agency Fitch is keeping Finland’s long-term state debt credit level at AA+, the second best rating that Finland was knocked down to in March, Yle reported. According to Fitch the…

Brazilian telecom provider Oi SA is set to file its bankruptcy reorganization plan with a Rio de Janeiro court on Monday, two sources familiar with the situation told Reuters. The plan for the…