World Economy

Small and medium-sized businesses in the UAE continued to feel the pinch in the first quarter as the economy slowed with payment collection and tapping debt remaining difficult, according to a…

Economic confidence among business leaders in Asia remained relatively steady in the first quarter of 2016, despite some fluctuations within the region, a survey showed.

President Xi Jinping has outlined his economic strategy for China, warning bureaucrats that although it may be the world’s second largest economy, it was “big, but not strong”, stating that China…

The sterling slipped against the euro and dollar on Wednesday, with investors worried that the latest polls still show Britons who want to leave the European Union at a referendum in June neck-and…

Malaysia’s new central bank governor said he was confident the government would honor all its debt obligations, as a deadline loomed on Wednesday for troubled state fund 1MDB to make a coupon…

Panama, rocked by a recent major tax scandal, has joined around 100 countries in an agreement to share financial information automatically to tackle tax evasion, the Organization for Economic…

Standard Chartered Plc expects revenue and profit from its South Asia operations to start improving from next year, as the London-based bank recovers from the “big pain” of its record $1.34…

International Monetary Fund has warned sub-Saharan Africa countries of a second difficult year due to such shocks as droughts and low primary commodities prices including oil and metallic minerals…

UK employers have underpaid their workers by £68 million ($98 million) since 1999, according to the body that scrutinizes government spending.

The Reserve Bank of Australia’s latest six-monthly assessment indicates the financial system is sound, but highlighted growing risks from the surge in house prices, particularly in Auckland,…

Members of the European Parliament from all political sides argued on Tuesday that China should not be granted market economy status, because it would make it more difficult for the EU to protect…

Gold drifted away from two-week lows on Wednesday as the dollar surrendered some gains, but analysts said bullion is unlikely to rise sharply ahead with losses in the greenback seen limited…

A bulk of data releases on the European economy provided mixed diagnoses for largest economic trend setters over the continent for March and April, Action Forex reported.

US small business confidence rebounded from a two-year low in April amid growing labor market optimism, supporting views economic growth will regain momentum in the second quarter.

The…

Britain’s trade deficit on goods and services narrowed slightly in March, figures released on Tuesday by the Office for National Statistics showed.

Argentina’s President Mauricio Macri asked business and union leaders to avoid layoffs for 90 days, as the center-right leader faces heat for thousands of jobs lost since he took office in…

Japanese Internet company SoftBank Group Corp., which is struggling to turn around Sprint in the US, is reporting a 27% drop in profit for the fiscal year ended March 31, compared to the previous…

German engineering giant Thyssenkrupp has reported a steep drop in net earnings for the first half of its business year, DW reported. The firm said the ailing steel business contributed to the…

Shares in Asia reversed earlier losses to end mostly higher on Tuesday, led by a surge in Japanese stocks after officials warned that the government could intervene against a sharp rise…

The economic slowdown in Russia may end in the next 18 months, said the President of the European Bank for Reconstruction and Development, Suma Chakrabarti.

Foreign direct investment in the Philippines reached $936 million in the first two months of 2016, up 50.6% from $622 million a year earlier, the Bangko Sentral ng Pilipinas said in a statement on…

The Japanese government is set this week to compile an extra budget worth around 778 billion yen ($7.15 billion) for reconstruction in the areas of southern Japan hit by deadly earthquakes last…

Credit Suisse sees tough market conditions continuing at least through the second quarter, the Swiss bank said on Tuesday after kicking off 2016 with its first loss since 2008.

Zurich-based…

The United Arab Emirates and regional banks are expected to continue cutting costs following hundreds of redundancies in recent months, according to a new report.

Mexico’s annual inflation cooled in April further below the central bank’s 3% target, giving policymakers room to keep interest rates on hold amid concerns about a weak currency.

Inflation…