World Economy

Danone SA, the French dairy giant whose yogurt brands are a common sight on supermarket shelves around the world, announced Thursday it is acquiring WhiteWave Foods Co., the Denver, Colorado…

Indian Prime Minister Narendra Modi arrived in South Africa on Friday as part of his five-day, four-nation Africa tour aimed at enhancing ties with those countries, particularly in the economic…

PepsiCo Inc. surged after second-quarter profit beat analysts’ estimates and the company boosted its full-year forecast, helped by rising sales of snacks and soft drinks in North America.

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Since its commercial introduction in 2007, the Airbus A380 has brought a long-lost sense of glamour back to travel. Its first-class cabins feature private showers and buttery leather armchairs but…

London Stock Exchange Group shareholders on Monday voted overwhelmingly for a merger with Deutsche Boerse, operator of the Frankfurt exchange, despite concerns it could be scuppered by Britain's…

Turkey’s consumer price index increased over estimates in June, mainly due to a hike in food prices during the holy month of Ramadan, Anadolu Agency reported. Official figures from the…

Germany’s EU Commissioner Guenther Oettinger said that Spain and Portugal should be fined by Brussels for missing their 2015 deficit targets.

“Neither country met the budget commitments…

Looking back at the past half year’s global economy, it is disappointing to see a weak recovery and a risky future.

Any immediate effects of the UK’s referendum vote to leave the EU on Middle East and Africa sovereigns appear limited, Fitch Ratings says.

The Central Bank of Nigeria reported that economic activities declined faster in June, confirming that the nation’s economy formally entered into recession in the second quarter of the year.

The European Central Bank has written to Italy’s Banca Monte dei Paschi di Siena asking for a new three-year business plan that would require it to reduce non-performing loans to an adequate level…

China’s Midea Group Co. will become the largest shareholder of Kuka AG after buying a 25.1% stake in the robot-making company from Voith GmbH as part of a deal that has been closely scrutinized by…

Malaysia’s economy remains resilient, with GDP projected to grow by 4.4% in 2016 and 4.5% in 2017, according to new economic analysis from the World Bank, CFOInnovation reported. The outlook…

The US economy is becoming lethal to the less fortunate, according to the National Center for Health Statistics, which reported recently that death rates in the country have risen for the first…

Global gold holdings have expanded by more than 500 metric tons since bottoming in January in a signal of investors’ rising concern about slowing growth, a Federal Reserve that’s probably on hold…

As Egypt’s foreign currency shortage intensifies and the gap between official and unofficial currency rates widen, economists say another devaluation is inevitable this fiscal year, Reuters…

New foreign direct investment pledged to South Korea hit a record high in the first six months of the year despite rising business uncertainties at home and abroad, the government said Monday.

Predictions of a Chinese banking system bailout are going mainstream. What was once the fringe view of permabears and short sellers is now increasingly being adopted by economists at some of…

Norway’s battered junk bond market, which is showing signs of life, could be facing another smack-down.

Japanese companies’ inflation expectations fell slightly in June from three months ago, the Bank of Japan’s tankan survey showed, adding to growing doubts over its argument that aggressive money…

Christine Lagarde, the sitting 60-year-old International Monetary Fund managing director since July 2011 and former French finance minister, is likely to be prosecuted and convicted for one year,…

Over the past couple of weeks the world economy has been captivated by the UK's vote to leave the European Union.

Eurozone consumer prices were slightly higher on the year in June as preliminary data released by the EU’s statistics agency showed that consumer prices were 0.1% higher than in June 2015,…

The eurozone should accelerate its economic and political integration otherwise other countries may be tempted to follow Britain’s example and leave the EU, Economic Affairs Commissioner Pierre…

The boards of directors at National Bank of Abu Dhabi and First Gulf Bank have recommended merging the two lenders, a joint statement said on Sunday, with the deal expected to be completed in the…