World Economy

A new facility which could boost Turkey’s precious-metals storage capacity tenfold will come into operation soon, the head of Borsa Istanbul said on Friday, World Bulletin reported.

German factory orders unexpectedly declined in June as demand for investment goods from within the eurozone slumped in the run-up to Britain’s referendum on European Union membership. Orders…

National statistics agency Istat said that its composite leading indicator for the Italian economy “showed a further decline” in its monthly report on the economy on Friday, ANSA reported. It also…

Canada’s trade gap unexpectedly widened to a record deficit in June as imports of motor vehicles and parts jumped, while the increase in exports was lackluster, data from Statistics Canada showed…

The US economy added 255,000 jobs in July, as the unemployment rate held at 4.9%. This is according to the Bureau of Labor Statistics’ July US employment situation report.

According to the preliminary data released by Mexico’s statistical agency, INEGI, last Friday, the second-largest Latin American economy witnessed contraction in the second quarter for the first…

Nigeria’s government is looking to spend its way out of an economic slump after its own central bank said it can’t bolster growth and is instead targeting inflation with a record interest rate.

Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a larger loss than estimated in the second quarter as it set aside more money to cover a lawsuit over its 2008…

Indian economy is expected to clock a growth of 7.4% this fiscal, and on the policy front, the Reserve Bank is likely to leave key rates unchanged at its August meet, says a UBS report. According…

Japan’s economic growth was expected to slow in the second quarter, weighed down by weak domestic demand and stagnant exports, a Reuters poll found on Friday.

Weak economic growth would be…

The sterling saw its biggest fall since the aftermath of June's Brexit vote on Thursday, while other major currencies most closely correlated with global growth rose after the Bank of England…

Indonesia surprised with its strongest growth in 10 quarters in April-June, is spurring some economists to predict it will outperform most Southeast Asian nations the rest of this year.

A storm’s about to hit the global copper market, according to Goldman Sachs Group Inc., which forecasts that the price may slump to $4,000 a metric ton over 12 months as mine supply picks up,…

The Bank of England is expected to push the button on the first cut in interest rates for more than seven years on Thursday as the economy falters in the wake of the Brexit vote, Reuters reported…

Global markets were mostly lower Wednesday after US stocks took their biggest loss in almost a month, underscoring simmering worries about global economic growth.

Retail investors’ confidence in Singapore took a hit following concerns over Brexit’s impact on the global economy and investment portfolios, according to a survey by banking giant JP Morgan.

Saudi Arabia’s central bank is having only little success in using money market tools to fight a surge in market interest rates caused by low oil prices, and may need to resort to more radical…

Dutch financial services company ING Group easily beat market forecasts on Wednesday with a 27% jump in quarterly earnings, helped by strong loan growth as it added hundreds of thousands of…

Turkey’s consumer price index increased by 1.16% in June, high above the forecast, while the producer price index increased by 0.21% with annual inflation up at 8.79%, Anadolu Agency reported.…

Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency, Bloomberg reported. Bitcoin slumped 5.5% against the dollar on…

From gold to graphite to zinc to lithium, Australia’s army of “penny dreadful” stocks is rising from the ashes of the mining bust and growing at rates that majors like BHP Billiton and Rio Tinto…

HSBC Holdings PLC said Wednesday that it will spend up to $2.5 billion in the second half of the year to buy back shares after the successful sale of its Brazil unit in July.

The yen flattened out against major rivals in Asia on Wednesday, after failing to maintain early afternoon gains prompted by a selloff in Tokyo stocks, MarketWatch reported.

Businesses in France are more likely to be disrupted by civil unrest than in any other developed economy, according to a new report from Verisk Maplecroft.

The risk consultancy cited…

Never before have China’s companies had so much cash and so little to spend it on. With investment opportunities sparse amid the country’s weakest economic expansion in a quarter century, Chinese…