World Economy

US House Republicans have missed a self-imposed deadline for a plan to help Puerto Rico manage $70 billion in debt, AP reported. Legislation was expected this week to create a control board to…

An anti-counterfeiting group said it was suspending Alibaba Group Holding Inc’s membership following concerns raised by some of its member companies, CNBC reported. The International Anti-…

The International Monetary Fund said it will negotiate new loans with Afghanistan to help revive in the country’s war-ravaged economy.

After concluding a review of Afghan’s economic…

China’s investment, factory output and retail sales all grew more slowly than expected in April, adding to doubts about whether the world’s second-largest economy is stabilizing.

Germany’s economy more than doubled its expansion rate in the first quarter as spending picked up, cementing its role as the growth engine for the region, while Italy’s economy expanded in the…

Gold was heading for its biggest weekly decline in nearly two months.

Several Federal Reserve Bank presidents revealed they had a favorable outlook on the economy and supported gradual…

Japanese Prime Minister Shinzo Abe has decided to delay a sales tax hike set for next April as it would threaten the nation’s efforts to beat prolonged deflation, the Nikkei business daily…

Brazil shares and its currency fell, following a drop in global commodities prices, as investors waited for interim President Michel Temer’s team to announce measures to control debt and restore…

Poland has avoided a downgrade by the ratings agency Moody’s, but its outlook was cut from stable to negative due to new government spending policies seen as risky to state finances and a more…

US retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of automobiles and a range of other goods, suggesting the economy was regaining momentum after…

Investigators probing the cyber heist of $81m from the Bangladesh central bank connected it on Friday to the hack at Sony Corp’s film studio in 2014, while global financial network SWIFT disclosed…

German company Bayer has reportedly discussed making a bid for the US agrochemical firm Monsanto. A merger between the two chemical behemoths could create the largest entity in a rapidly…

South Korea’s central bank on Friday kept its record-low interest rate unchanged for an 11th straight month, despite a slowdown in economic growth, AFP reported. The Bank of Korea has kept the…

Australian interest rates are predicted to fall further to new record lows this year, after the central bank slashed its forecasts for inflation, Nikkei reported. The Reserve Bank of Australia on…

The Dutch economy continued its steady growth for the 8th quarter in a row. In the first quarter of 2016 the economy grew 0.5% compared to the previous quarter and 1.4% compared to the first…

The Anti-Corruption Summit in London on Thursday saw heads of state, ministers and diplomats from 40 countries vow to double down on what British Prime Minister David Cameron dubbed the “cancer”…

A British exit from the EU could see house prices drop, the financial sector struggle and incomes depressed for years, according to a doom-laden analysis from the International Monetary Fund.

South Africa’s manufacturing output resumed its decline and mining production contracted as weak global demand pushed the country’s ailing economy closer to a recession.

Manufacturing…

Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.

The president of the European Parliament Martin Schulz argued that Greece needs debt relief and that the solution cannot be further wage and pension cuts, in an interview for Global…

Europe’s strongest economy has boosted its output stronger than expected in the first three months of the year, driven by robust domestic demand and accelerating investment in construction and…

Without a revival in global investment, the world economy’s low growth trajectory is unlikely to change. That was among the sobering messages contained in the mid-year review of the United Nations…

Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank will act “decisively” to achieve its 2% inflation target, stressing that it still has “ample” policy options available if it…

The official second estimate of eurozone growth has been revised down slightly from 0.6% to 0.5% in the first quarter of the year.

The data, from the Eurostat agency, also revised the…

The US economy is the most important short-term global influencer—not Brexit, says JP Morgan Asset Management’s Stephanie Flanders.