World Economy

Brexit vote has triggered huge volatility in global financial markets, giving anxious moments to investors.

While trading will remain choppy in the near term, the chaos stemming from the UK…

Vietnam’s economy slowed in the first half of 2016, official figures showed on Wednesday, with a severe regional drought and a spate of fish deaths adding to losses caused by turmoil in global…

A top official in the United Arab Emirates has issued an order for the merging of two of the Persian Gulf nation’s most prominent government wealth funds, streamlining the country’s investment…

Brazil’s unemployment rate increased between March and May, while wages continued to decline, as Latin America’s largest economy faces a deep and prolonged recession, Dow Jones reported.…

A closely watched survey shows German consumer confidence has increased again, but its authors cautioned the British vote to leave the European Union could bring it down in coming months, Reuters…

US economic growth slowed in the first quarter but not as sharply as previously estimated, with gains in exports and software investment partially offsetting weak consumer spending.

Gross…

The leaders of Germany, France and Italy have insisted that no Brexit talks of any kind can begin until Britain has formally applied to leave the European Union, which EU officials expect to…

Volkswagen AG’s settlement with nearly 500,000 US customers and government regulators over polluting diesel vehicles is valued at more than $15 billion cash, two sources briefed on the matter said…

Faced with a falling number of home transactions, listed estate agents had hoped the certainty of the UK’s referendum result would help to revive their fortunes, Bloomberg reported. Instead they…

Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain’s shock vote to leave the European Union, Economy Minister Nobuteru…

Indonesia has introduced a tax amnesty as the government hopes to lure back capital parked abroad by wealthy citizens.

But the measure has faced criticism from people unwilling to let…

Russia would weather any potential financial crisis better than some other countries, the country’s deputy finance minister indicated on Tuesday.

South Korea’s government lowered growth outlook for Asia’s fourth-largest economy and planned a supplementary budget for a second year in a row as the global economy faces heightened uncertainty…

Just weeks before it stages the 2016 Olympic Games, the state government of Rio de Janeiro has declared a “state of public calamity in financial administration” and warned that the situation is so…

The UK was stripped of its top credit grade by S&P Global Ratings, and Fitch Ratings also lowered its rank, the latest crushing verdicts on the country’s decision to leave the European Union…

The Spanish economy probably grew 0.7% in the second quarter as increased employment and favorable financing conditions supported consumption, the Bank of Spain said, Bloomberg reported.

Global markets erased another $69.2 billion from the combined net worth of the world’s 400 richest people Monday, bringing the total since the UK shocked investors with a vote to leave the…

Two years after Prime Minister Narendra Modi took office, the Indian economy presents a mixed picture. Despite claims that it is the fastest growing large economy in the world, doubts linger about…

China could file suit at the World Trade Organization in order to protect its steel industry, the commerce ministry said on Tuesday, after the United States said some steel imports from China were…

The pound, European stocks and commodities were all headed for their first gains since Britain’s shock vote to leave the European Union, while Asian shares erased losses amid signs policy makers…

The stress tests created for banks by US regulators after the 2008 financial crisis may prove their worth this week, providing a timely message on banks' hardiness in the midst of…

The EU is preparing to move its European Banking Authority from London following Britain’s vote to leave the Union, EU officials said on Sunday, setting up a race led by Paris and Frankfurt to…

The “Leave” outcome in the UK is expected to further overshadow the prospects of the South Korean economy, which is already facing a slew of negative outlooks on employment, inflation and exports…

The Brexit decision is a body-blow to the global outlook and New Zealand is decidedly vulnerable to the ensuing global turmoil, a leading Kiwi economist says. In BERL’s just released updated…

Trading in the shares of both Barclays and RBS was briefly halted on Monday as both banks face sharp losses in the price of their stock following the UK’s vote to leave the European Union.