World Economy

Fixed income has absolutely no value and investors should instead prepare for the return of inflation to the global economy, according to Stephen Isaacs, the chairman of the investment committee…

Southeast Asian stock markets were cautious on Wednesday on subdued risk sentiment, as Chinese policymakers appeared to have disparate opinions regarding their monetary policy, while fading…

Commonwealth Bank of Australia, the country’s biggest lender, has posted a 2% rise in annual profit to a record A$9.2 billion ($7.1 billion), BBC reported. The results of the biggest bank by…

UK industrial production barely grew in June as the economy lost momentum before the Brexit referendum, Bloomberg reported. Output rose 0.1% following a 0.6% drop in May, the Office for…

More Canadians now fear the economy is doing badly compared to the last few years, according to a new survey of some of the world’s richest countries, CTVNews reported. The Pew Research…

Malaysia’s palm oil shipments grew 21% on the month to 1.4 million tons in July, thanks to stronger demand from China and Europe, according to data released on Wednesday by the Malaysian Palm Oil…

Egypt’s central bank has closed 48 foreign exchange bureaus since the start of the year for trading at black market rates and other violations, banking sources said on Wednesday, as the country…

It’s been understood for a while that Vietnam will probably not reach the ambitious growth target it set for itself in 2016. Its growth in the second quarter was a pretty lackluster 5.6%,…

Central banks around the world are now spending $200 billion a month on emergency economic stimulus measures, pumping this money into their economies by buying bonds. The current pace of purchases…

Electric vehicle charging companies are calling for independent oversight of the $2 billion Volkswagen AG is required to invest in clean car infrastructure, saying VW should not have the power to…

French industrial production unexpectedly fell in June dragged down by the oil transformation industry as several refineries in the country were shut down because of a strike, official data showed…

Japanese machinery orders rose more than expected in June in a sign that companies are gradually becoming more willing to increase capital expenditure.

Even as Venezuela’s economic collapse deepens, the nation has a good chance of getting through another year without defaulting on its bonds.

That’s the conclusion of money managers…

Swiss bank Credit Suisse AG does not need to raise capital “in most foreseeable scenarios”, Chief Executive Tidjane Thiam said in an interview with Bloomberg. Thiam said there was no need for…

Faced with an uptick in inflation, Raghuram Rajan on Tuesday left interest rates unchanged at his final policy review meeting as Reserve Bank of India governor, PTI…

Italy’s antitrust regulator has fined Volkswagen €5 million ($5.55 million) for its Dieselgate software manipulation, DW reported. VW has admitted to installing software to circumvent pollution…

French President Francois Hollande’s labor law reform was enacted following nearly five months of debate in the National Assembly, violent street protests in Paris and the government resorting to…

Emerging market equities touched fresh one-year highs on Tuesday as investors continued their hunt for yield in riskier assets and relatively benign Chinese inflation data allayed fears of…

The current condition of global economic inequality should be of concern to all. An Oxfam report published this year titled, “An economy for the 1%”, revealed that “the richest 1% now have more…

European Union states agreed to cancel budget fines for Spain and Portugal and to set new deadlines for them to rein in their excess deficits, their representative body in Brussels said on Tuesday…

Russia’s central bank says GDP figures show the country is moving out of its protracted recession and returning to tentative growth.

“The evaluation of the Russian GDP shows that the…

Following the trend of recent months, Hungary’s consumer price index was down by 0.3% on average in July, compared to the same month a year earlier, the Central Statistical Office said in a first…

Egypt will increase electricity prices by up to 40% for households as part of its plan to repair its finances by eliminating power subsidies entirely over the next few years, the government…

First they had no pay, and then no work. For a time, there wasn’t even food in the squalid, concrete camps where they had been abandoned to live in the searing heat of the Saudi Arabian desert.…

A rise in German imports outstripped a modest gain in exports in June, according to latest official data.

The increase narrows the trade surplus as Europe’s largest economy ended the second…