World Economy

Russian stocks traded near a one-month high as the nation’s biggest lender rose for a fifth day to a record after the head of the company said the economy was set to improve, Bloomberg reported.…

India plans legislation to close a regulatory loophole that has made it possible for fraudsters to dupe millions of savers, as Prime Minister Narendra Modi strives to bring the rural poor into the…

Foreign assets at Saudi Arabia’s central bank shrank $6 billion in April as it liquidated some financial holdings to cover a big state budget deficit caused by low oil prices, official data showed…

Bourses in the (Persian) Gulf Cooperation Council Arab states weakened on Monday as oil prices dipped and global event risks keep investors away from riskier assets for now, Reuters reported.…

The French economy grew by a stronger than expected 0.6% in the first quarter, official data showed Monday, driven by a surge in consumer spending and a pick-up in business investment.

The…

Eurozone economic confidence rose for a second month in May as the European Central Bank prepares to present updated economic projections that could provide further clues about the impact of its…

The “breakthrough” deal announced Wednesday to resume handing out bailout money to Greece sounded like old times: the International Monetary Fund working with European countries again as official…

Many dairy farmers in Germany work long hours though their pay is dropping and a growing number of farms are going bankrupt. They have a low opinion of subsidies.

Japanese conglomerate SoftBank and a number of investors have shown keen interest in investing in India’s “infrastructure growth story”, Finance Minister Arun Jaitley said Sunday as he…

A prolonged period of negative interest rates is failing to revive investment at Europe’s companies, with the vast majority of businesses in the region saying the stimulus measures have had no…

Woori Bank, South Korea’s second-biggest bank by assets, said Sunday it has won final approval to take over a Philippine-based bank, in line with its efforts to tap deeper into overseas markets,…

The ECB, expected to hold fire on monetary policy at its meeting Thursday, will likely focus instead on welcoming Greece back into the fold of fully-fledged eurozone borrowers after a bailout deal…

Chinese banks saw their bad loans rise in the first quarter due to the slowing down of the world’s second largest economy, but the risks were “under control”, the banking regulator said on Sunday…

Nearly nine out of 10 economists believe an exit from the European Union will have negative consequences for the UK economy, a new poll has revealed.

Gross domestic product and household…

Tata would need to give guarantees it is in the UK steel industry for the long run if it scraps its planned sale of plants, MP Stephen Kinnock has said.

The Indian-based firm announced it…

Moody’s Investors Service cut the outlook for South Africa’s banking system from stable to negative, just weeks after the agency affirmed its rating for the country, News24 reported. This blow to…

Hackers known as the “Lazarus Group” are sneaking into banks worldwide, moving around more than $100 million—and so far, getting away with it.

A recent spate of high-profile, digital bank…

Fitch Ratings has affirmed Rwanda’s Long-Term Foreign and Local Currency Issuer Default Ratings at ‘B+’ with Stable Outlooks.

The issue ratings on Rwanda’s senior unsecured foreign-currency…

Amid fear of imminent recession, the monetary policy committee of the Central Bank of Nigeria has moved to buoy the economy, necessitating the adoption of flexible foreign exchange regime and…

Taiwan lowered its annual growth forecast as the trade-reliant economy took a hit from global sluggishness and slowing investment in the private sector.

Gross domestic product is now…

Australia’s economy likely maintained its forward momentum in the first quarter, as rebounding consumer spending and a solid housing sector outweighed weak business investment and concerns about…

The combined debt held by South Korea’s top nine shipbuilders exceeded 100 trillion won ($84.7 billion) last year amid the prolonged industrywide slump around the globe, industry data showed…

Dubai’s Ministry of Labor has ordered a security firm to pay striking workers their overdue salaries, according to local media, Arabian Business reported. Around 600 staff at an unnamed company in…

Latin America needs a new formula to achieve sustainable development, said a regional meeting before ending in Mexico City late Friday.

The British economy has slowed down noticeably as the country moves toward the European Union membership referendum on June 23.

The uncertainty that shrouds the outcome is claiming a toll…