World Economy

Things have not been this bad for the Canadian economy since the last global recession. During the second quarter of 2016, Canada's GDP contracted at a 1.6% annualized rate. That was the worst…

Portugal’s economy is growing only half as quickly as the anti-austerity government had hoped, as its key policy of driving domestic demand comes up short.

British banks want Theresa May to strike a Brexit deal just for them. The prime minister is being lobbied by finance companies to win them an interim agreement with the European…

US private employers added 177,000 jobs in August, above economists' expectations, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP…

South Africa’s trade surplus shrank in July as the exports of precious metals and stones, which include gold and diamonds, fell. The surplus decreased to 5.2 billion rand ($354.3 million)…

Portugal’s economy is growing only half as quickly as the anti-austerity government had hoped, as its key policy of driving domestic demand comes up short.

Canada will join China’s new $100 billion Asian Infrastructure Investment Bank, a major symbolic victory for President Xi Jinping just before he hosts the Group of 20 summit, Bloomberg reported.…

Deutsche Bank AG, Germany’s largest lender, explored a possible merger with rival Commerzbank AG, Manager Magazin reported, without saying where it obtained the information, Bloomberg reported.…

Federal Reserve Vice Chairman Stanley Fischer said negative interest rates seem to be working in other countries, while reinforcing that they aren’t on the table in the US. While the Fed isn’t “…

The Indian cabinet on Wednesday gave its approval to the “radical” changes in the foreign direct investment regime that had sought to increase the foreign direct investment to 100% in defense and…

The world’s largest $67 billion technology merger between EMC Corporation and Dell Technologies is all set to close on September 7 after China granted the regulatory clearance.

Dell…

The European Central Bank is monitoring the impact of its monetary stimulus on financial stability, though governments and regulators must also play their part in preventing imbalances, two of the…

Iron ore faces renewed pressure and prices may sink back below $50 a metric ton before the year-end as rising supply offsets an improvement in Chinese demand, according to Clarksons Platou…

The world’s best-performing stock fund is discovering the downside of success.

After producing a three-year return of 275%, more than any other equity fund with at least $500 million,…

The short-term impact of Britain’s vote to leave the European Union has hit Dubai’s property market, according to a new survey, Albawaba reported. A local property site owner said it spoke to…

China’s southern Xiamen city, where home-price gains led the nation last month, banned some buyers from purchasing homes, joining larger hubs in trying to cool soaring property prices.

SWIFT, the global financial messaging system, has disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February's high-profile…

Nigeria has slipped into recession, with the latest growth figures showing the economy contracted by 2.06% between April and June. The country has now seen two consecutive quarters of declining…

Most of the owners of diesel-powered Volkswagens want the carmaker to buy back the affected vehicles instead of fixing them, according to the lawyer heading up the civil suit in the US against VW…

China’s key reforms have been smooth over the last three years, but implementation needs to be faster, Xinhua news agency said, citing a statement from a meeting chaired by President Xi…

China’s influence in global metals markets just stepped up a gear after the owner of its top supplier of aluminum products agreed to buy Aleris Corp. of the US for $2.3 billion, marking the nation…

France’s trade chief says he wants to ask the European Union to end talks with the US on forging a sweeping trade deal that his socialist government sees as too friendly to US business, Fox…

 Italy is set to lead a surge in eurozone government bond supply on Tuesday in what would be the first major test of investor sentiment after concerns over the future of Prime Minister Matteo…

Global equity traders are no longer panicking about the world’s slowest growth rate in seven years.

They’re warming up to shares of companies that are most sensitive to the…

Eurozone economic confidence worsened more than analysts predicted in August in a sign that the reverberations of Britain’s decision to leave the European Union may finally be reaching companies…