World Economy

India’s Tata Steel Ltd. plans to move to the next stage in the sale of its specialty steels unit in the UK after it received interest from several buyers as the Indian producer tries to sell…

Saudi Arabia is committed to keeping the riyal pegged to the US dollar and that it has “sufficient tools” to support its fixed exchange rate policy, said Ahmed Al-Kholifey, governor of Saudi…

Venezuelan President Nicolas Maduro announced a 50% minimum wage hike that takes effect on Sept. 1, amid triple-digit inflation that has severely weakened spending power in the crisis-stricken…

While losing some of its previous momentum, the German economy is still in a robust state, logging higher-than-expected growth in the second quarter. Exports and private consumption were behind…

Italy is to seek a new deal with the European Union to allow it to kickstart its stalling economy with an expansionary 2017 budget, a government minister said Saturday.

The Bank of Japan’s negative-rate policy will squeeze profits at the three Japanese megabanks by at least 300 billion yen ($2.96 billion) or so in the current fiscal year ending next March,…

Sterling hit a three-year low against the euro and a one-month trough against the dollar, on expectations that poor economic data will lead the Bank of England to ease monetary policy again in the…

US stocks have ended the week’s trading on a flat, even though the Nasdaq hit a record high for a second day. The more than disappointing July retail sales had caused some fears that stocks would…

Confidence in the global economic situation and outlook has fallen to a three-year low, according to the latest survey of expert opinion by an influential German think tank.

South East Asia’s infrastructure needs a $2.1 trillion cash injection to meet the challenges of soaring populations, according to an HSBC report.

Joseph Incalcaterra, an economist at the…

Global production growth from mining activities remained low in 2015 and was significantly affected by lower crude oil prices, and the combined production of mining and utilities rose a mere 1% in…

The Thai economy has already bottomed out and the government will now try to push growth out to at least 3.3% in 2016, Deputy Prime Minister Somkid Jatusripitak said on Thursday.

There…

A planned mega-merger between two of the oldest companies in the United States is facing scrutiny in the European Union, where regulators are probing whether the tie-up would disadvantage farmers…

Gold remained little changed on Friday, hovering near lows touched in the previous session, as the dollar stayed firm on expectations of a rate hike by the US Federal Reserve this year, Reuters…

US retail sales were unchanged in July from the previous month, a sign that consumers were cautious after three months of solid gains, AP reported. Americans spent less at clothing shops, sporting…

Japan’s exports are expected to have fallen for a 10th straight month in July on lackluster global demand and a strong yen, a Reuters poll showed on Friday. Exports likely declined 14% in July…

The good news is that the capital raises have begun. The bad news is that they need to continue.

European shares edged higher to set a fresh seven-week peak on Friday, with the market underpinned by stronger energy companies and companies such as A.P. Moller-Maersk which rose sharply on…

Italy’s economy stalled in the second quarter of the year, official data indicated Friday, exacerbating fears a sluggish recovery from recession is running out of steam.

Output in the three…

Moller-Maersk kept its downbeat 2016 profit forecast on Friday as the Danish shipping and oil giant reported net profit way under expectations as it struggles to cope with a shipping…

The International Monetary Fund said Thursday that it would grant Egypt a $12 billion loan over three years to help Egypt mend its ailing economy after years of unrest.

Russia’s economy shrank the least since a contraction began at the start of last year, putting it on the cusp of exiting the longest recession in two decades.

Romanian economic growth advanced at the fastest pace since 2008, exceeding analysts’ estimates, supported by a booming consumption amid tax cuts and wage increases, Bloomberg reported. Second-…

The images from the summer Olympics in Rio de Janeiro have been strikingly beautiful.  But underlying all that beauty is great turmoil as Brazil is in the grip of a crippling political and…

Americans, Japanese and many Europeans are glum about their national economies. By contrast, Chinese, Indians and Australians feel positive about theirs.

Those are among the findings from a…