World Economy

  • The leaders of Italy, France and Germany are heading to one of the symbolic birthplaces of European unity in a bid to relaunch the European project following Britain's decision to leave the EU.…

    World-Economy
  • Rising inequality is expected to reduce each Australian’s salary by $500 by 2019-2020, new analysis for the Labor Party’s think tank shows.

    The commission is led by Chifley Research Center’…

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  • Taiwan’s unemployment rate was 4.02% last month, up 0.10% from June, and 0.20% higher year on year, according to Taiwan’s statistics agency on Monday, Xinhua reported. There were around 472,000…

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  • Gold fell on Monday to its lowest in nearly two weeks as the dollar strengthened after comments from US Federal Reserve officials increased bets on a US rate hike this year. Spot…

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  • Pfizer is in advanced talks to acquire US cancer drug company Medivation for close to $14 billion, as it seeks to boost its oncology portfolio, a person familiar with the matter said, Reuters…

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  • Turkey has been making tremendous efforts to restore its trade and economic relations with neighboring and regional countries to recover its economy’s momentum amid indications on slow growth that…

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  • By December 11, 2016, the European Union will have made a decision on whether China should join the ‘exclusive club’ of countries with market economy status.

    World-Economy
  • Algeria’s trade deficit reached $11.93 billion during the first seven months of 2016, against a $9.43 billion deficit in the same period of 2015, up by 26.5%, the Algerian Customs told APS.

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  • One of Canada’s weakest economic expansions isn’t stopping the country’s assets from handing investors the best returns in seven years. Combined gains of the loonie and total returns for Canadian…

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  • Hundreds of thousands of people participated in a rally in Santiago to protest their extremely low retirement benefits. Critics of the pension system have said it failed to keep up with government…

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  • With Europe facing pressing crises including the refugee crisis, economic slowdown and political disintegration following the Brexit vote, it’s easy to forget that Greece’s political and economic…

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  • Moody's Investors Service said continued reforms to enhance business environment and moderate inflation will help India achieve robust growth but cautioned that rising contingent liability risks…

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  • S&P has maintained its AAA/A-1 credit rating for Hong Kong, but warned that it could face a downgrade in the next year if economic weakness in the mainland continues.

    World-Economy
  • The South Korean economy is expected to attain 2.6% growth this year, the same rate recorded in 2015, as sluggish domestic spending and shrinking exports continue to weigh on Asia’s fourth-largest…

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  • Despite banks’ nudging toward online tools, many US customers are not ready to give up regular visits to their nearest branch, complicating the industry’s efforts to slim down.

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  • China National Chemical Corp. received approval from US national security officials for its takeover of Swiss agrochemical and seeds company Syngenta AG, seen as the biggest regulatory hurdle that…

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  • The value of Qatar-US bilateral trade, in goods, during the first half of this year jumped to QR15.58 billion ($4.28 billion), a growth of over 46% compared to QR10.66 billion for the…

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  • Petrochemical shares boosted Saudi Arabia’s stock market early on Sunday on the back of strong oil prices but most share markets in the Persian Gulf Arab States were barely changed, Reuters…

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  • Most private banks and think tanks have revised upward their full-year growth estimates for the Philippine economy; sharing the government’s view that growth rate this year will hit the target of…

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  • Indonesia’s central bank began using a new benchmark interest rate it hopes will transmit changes in borrowing costs more quickly, as policymakers seeks fresh ways to boost the economy.

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  • Despite President Mauricio Macri’s pledge to make Argentina the “world’s supermarket” instead of the “world’s breadbasket,” the country’s exports have shifted further towards raw materials in the…

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  • The German central bank's call for people to work until age 69 has reignited a fierce debate in Europe's fast-ageing top economy, with analysts backing it while politicians show their opposition…

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  • Embattled automaker Volkswagen will hold talks Monday with two component suppliers, in a bid to end a stand-off over car parts deliveries that has severely disrupted production at the German giant…

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  • Royal Bank of Scotland says it will charge some corporate customers for accepting their deposits—the first UK bank to impose so-called negative interest rates after the Bank of England slashed…

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  • State Bank of India, the nation’s biggest lender by assets, will gain $120 billion in assets following its merger with associate banks and Bhartiya Mahila Bank, the lender said in a statement on…

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