World Economy

Investors across the globe are positioning themselves for a “summer of shocks”, a new survey shows. The Brexit referendum, fear of a Chinese default and concerns that loose monetary policy will…

Canada’s manufacturing sector slowed for the second straight month in March, hurt by declining sales in autos, aircraft equipment and metals.

The International Monetary Fund is pressing the eurozone to let Greece skip paying interest or principal on bailout loans until 2040, say officials familiar with the talks.

The construction and retail sectors are the worst hit by Hong Kong’s economic doldrums, as the latest unemployment rate remained at the highest level in two years.

French President Francois Hollande has promised he will lower taxes next year provided the state has sufficient leeway, Reuters reported. The tax cut will apply on household incomes “if growth…

Australia & New Zealand Banking Group will cut about 200 jobs from its local workforce in response to poor economic conditions, the bank said, SMH reported. The bank advised staff of…

Singapore’s central bank has asked banks to maintain a high level of security for their critical IT systems following recent cyber attacks using the SWIFT financial messaging system, Reuters…

Billionaire George Soros cut his firm’s investments in US stocks by more than a third in the first quarter and bought a $264 million stake in the world’s biggest bullion producer Barrick Gold Corp…

One of the biggest mysteries in global finance was just revealed: How much US debt Saudi Arabia owns.

Saudi Arabia stockpiled $116.8 billion of US Treasuries as of March, the…

Traders are buying and selling more metal than they have in years on Chinese and American exchanges. In London, the heart of the global market for more than century, it’s just the opposite,…

The Malaysian consumer confidence was stable at the start of the first quarter of 2016 with 79 percentage points, according to the latest Nielsen Global Survey of Consumer Confidence and Spending…

Bringing internet access to the 4.1 billion people in the world who do not have it would increase global economic output by $6.7 trillion, raising 500 million people out of poverty, according to a…

Morgan Stanley has a warning for Russia: Don’t expect things to get better anytime soon.

The world’s largest country (geographically speaking) has been mired in a financial crisis since oil…

Banco Popolare and Banca Popolare di Milano said they would shed 7% of their 25,000 staff as they merge to create Italy’s third-largest bank by assets.

The 1,800 jobs are to be cut via…

Warren Buffett’s Berkshire Hathaway Inc on Monday revealed a new stake in Apple Inc, in a bet that the stock’s price could rebound after iPhone sales fell for the first time.

A group of professors and entrepreneurs in Germany filed a complaint against the European Central Bank’s monetary policy this week at the country’s top court, the Welt am Sonntag newspaper said.…

An air of slightly uneasy calm hangs over the economies of emerging markets. EM asset prices—and currencies for the most part—have continued to rise in recent weeks after recovering from the…

The UK will see gross domestic product growth of 2.0% in both 2016 and 2017 according to Confederation of British Industry estimates—a downgrade from 2.3% and 2.1% in its February forecast.

Thailand’s economy grew by a more than expected 3.2% in the first quarter off the back of strong tourism and public spending, official figures showed Monday, but analysts warned the solid start…

Breitburn Energy Partners LP and some of its units filed for restructuring under Chapter 11 of the US bankruptcy code on Monday, the latest company to face the brunt of low commodity prices,…

China’s property sector continued to show signs of improvement as investment in the sector rose 7.2% in the first four months of this year, according to the National Bureau of Statistics, Asia…

Japanese government bonds edged down slightly on Monday, with the 30-year zone still feeling the effects of lackluster results at an auction last week, Reuters reported. The Bank of Japan…

Vietnam’s Tien Phong Commercial Joint Stock Bank said it was the target of a computer attack where hackers tried to steal more than $1.13 million through the bank’s connection to the Swift…

The great gold rush of 2016 is gathering pace. Holdings in exchange-traded funds have now surged by a quarter, with investors taking advantage of lower prices over the past two weeks to…

 Russia’s top bank Sberbank said on Monday it had lowered the interest rates it charges on consumer loans to below the level they were at before an economic crisis and that it saw higher…