World Economy

Gold rallied the most since the global financial meltdown of 2008 after the UK voted to leave the European Union, sending markets into a tailspin and investors piling into haven assets, Bloomberg…

Brazil recorded a current-account surplus of $1.2 billion in May, up from a $412 million surplus in April, the central bank said Friday, Nasdaq reported. The result brings the 12-month deficit…

The Brexit vote has not impacted the resolve of Deutsche Borse and the London Stock Exchange to push through their planned merger. They said the tie-up would be even more important now that…

As the final process for India’s accession as a full member of the Shanghai Cooperation Organization began, Prime Minister Narendra Modi said the partnership would help protect the region from…

Everyone was stunned—including United Kingdom Independence Party leader Nigel Farage, who was the main driving force behind the pro-Brexit movement. He made the shockingly tasteless remark that…

After three decades of sizzling growth, China is now regarded by the World Bank as an upper-middle-income nation, and it’s on its way to being one of the world’s advanced economies. The…

South Africa inflation, as measured by the consumer price index, declined to 6.1% in May from 6.2% in April, according to data released by Statistics South Africa, Xinhua reported. Many economists…

Britain has voted to leave the European Union, with the Leave campaign securing around 51.8% of the vote. And Prime Minister David Cameron said he would resign, news outlets reported.

The outcome of the Brexit vote was too close to call up until the early hours of Friday. The people of Britain by a thin margin decided to leave the European Union.

Mexico’s annual inflation rate cooled in early June despite a pickup in the core number, and separate data showed on Thursday that the economy took its biggest plunge in more than five years as…

Japanese manufacturers’ confidence worsened to the lowest in three years and is likely to deteriorate even further in coming quarter due to a strong yen and wobbly emerging economies, a Reuters…

While poverty is on the rise in many regions of the world, there’s massive wealth at the other end of the scale, a fresh report by the consultancy Capgemini has shown. The number of millionaires…

The crisis surrounding the Panama Papers has severely damaged the reputation of the Central American country. Now, the ceremony for the expansion of the Panama Canal is aiming to finally put that…

The Monetary Authority of Singapore said on Friday that the city-state’s banking system remained sound after Britain voted to leave the European Union in a referendum, Xinhua reported. “…

The International Monetary Fund said on Wednesday the US economy was “overall in good shape”, with growth set to accelerate from recent setbacks despite an overvalued dollar, but the fund warned…

Treasury Secretary Jack Lew on Tuesday faced Senate Democrats skeptical about a rescue package for debt-stricken Puerto Rico, raising doubts about its fate just 10 days before the US territory…

The Polish government will issue a three billion yuan ($455.55 million) three-year bond in China’s onshore market, the state-owned China News Service reported, marking the first time a European…

Egypt’s international cooperation minister, Sahar Nasr, renewed her calls to the African Development Bank to hand over the second half of their over $500 million loan to Egypt before September,…

A widely reported political turbulence, concerns over the Zika virus, the end of Brazil’s multi-year government-led building projects (related to World Cup 2014 and Olympics 2016) might have…

Talk about coincidences. Two days after Raghuram Rajan set all kinds of dovecotes aflutter with his missive about not staying on as central bank governor, and as debate over his legacy…

Eurozone governments have eased up on efforts to overhaul their struggling economies because the ECB’s ultra-easy monetary policy has pushed their borrowing costs to record lows, ratings agency…

Japanese Prime Minister Shinzo Abe began an upper house election campaign on Wednesday with a pledge to rev-up the economy as surveys showed his ruling bloc ahead, despite doubts over Abe’s growth…

The Swiss franc strengthened against most major currencies in the European session on Wednesday, after data showed that Swiss economic sentiment improved in June, Alliance News reported. Data from…

German banks exploited a legal loophole that allowed two parties to claim ownership of the same shares, the financial watchdog will tell lawmakers this week, in schemes that could have cost the…

By offering a subtle change to her outlook from less than a week ago, Federal Reserve Chair Janet Yellen pushed the prospect of additional interest rate increases further into the future.