World Economy

The Reserve Bank of India allowed banks to conduct deep restructuring of large accounts to revive projects that can be saved, effectively throwing a lifeline to promoters …

The rally for sovereign bonds has passed an important milestone, with the yield on Germany’s benchmark debt hitting zero and briefly entering negative territory.

Swedish inflation slowed more than estimated in May, adding pressure on the central bank to expand its unprecedented stimulus measures at its meeting next month. Consumer prices rose an annual 0.6…

Venezuela’s socialist government has eased a nationwide energy-saving program, bringing an end to a controversial two-day work week that was introduced in April for nearly three million…

Singapore is the only Asian country which has over a trillion yen ($9.41 billion) invested in Japan, according to the first official Japanese report on foreign direct investments in the country.…

China’s economy must address soaring levels of debt and speed up reforms in its financial sector in order to avoid “serious problems down the road”, the International Monetary Fund has warned.

In these uncertain economic times, you don’t have to be a miser to consider putting some of your money into precious metals, and gold and silver coins are an easy way to do that.

But this…

An independent economic think-tank has revised up expectation of growth of New Zealand on the back of a stronger outlook for household spending while expectations of inflation and wage growth…

Foreign direct investment in Romania has dropped 23.8% during the first four months of the year over the same period of 2015, according to a report by the National Bank of Romania, Business Review…

Growth in the Northern Ireland economy was sluggish during May, with a marked fall in activity for construction firms, a major survey by Ulster Bank reveals Monday, NewsNow reported. The…

The Philippine economy is expected to maintain its growth despite political uncertainty amid the incoming change in leadership, London-based Economist Intelligence Unit said on Monday, ABS…

Thailand’s online market will account for 15% of retail sales in the country by 2024 after registering 3.8% last year, says Bain & Co., a global management consulting firm.

Thailand now…

German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang sought to limit conflict over trade during talks overshadowed by angst in Germany about a Chinese company’s €4.6 billion ($5.2…

Spanish banks remain focused on managing costs down to offset likely continued earnings pressure in 2016, says Fitch Ratings.

Banco Santander, BBVA, Liberbank and Unicaja, among others,…

Canada is undergoing a modest economic recovery but faces increased risks from a long period of lower commodity prices and a possible housing downturn in two of the country’s biggest cities, the…

Gold traded near its highest level in four weeks on Monday as uncertainty mounts over the potential risks if Britain decides to leave the European Union and as traders price in zero chance of…

In Hong Kong, a city that lives for business, 2016 is shaping up as a year to forget.

Iraq has approved measures requested by the International Monetary Fund to unlock loans that should help the country overcome a cash crunch caused by declining oil revenue, a senior government…

China expects second quarter economic growth to be stable, though exports face pressure from global uncertainties, a spokesman for the statistics bureau said on Monday.

Growth in China’s…

Sentiment at large Japanese manufacturers worsened for the second consecutive quarter over April-June due to a rising yen, although companies did revise up their capital expenditure plans.

Middle East stock markets fell as investors booked profits following a pull-back in oil prices and international stock markets, but some Saudi real estate shares bucked the downtrend because of…

German Chancellor Angela Merkel has urged China to speed up reforms in the steel industry and other economic sectors to avoid a further rift with Brussels. Beijing is waiting for the EU to give it…

The Department of Industrial Policy & Promotion in India may put certain conditions for foreign investors in the cabinet proposal for allowing FDI in food processing sector.

Officials…

Malaysia’s former international trade and industry minister,  Rafidah Aziz, has called on the people to unite and work together towards ensuring that the country casts a bright light on…

The European Union delegation held a symposium last week to launch the “EU Gateway to Korea” program, aimed at harnessing innovative partnerships between European and Korean enterprises, Yonhap…