World Economy

Australia’s central bank cut interest rates to a fresh record low as it moves to counter the emergence of disinflation that’s swept the developed world and limit currency gains that could…

The weakness of emerging economies could prove lasting as deep-seated structural problems rather than fleeting troubles are the root cause, posing a risk to growth even in advanced economies, the…

The Polish zloty led a weakening of most Central European currencies on Monday after Poland and the Czech Republic released weaker than expected manufacturing figures, Business Recorder reported.…

Gold traded near a 15-month peak on Monday as a tumble in the dollar and weakness in global equities pushed up the metal to near $1,300 an ounce. Spot gold was little changed at $1,292.27 an ounce…

Hungary’s manufacturing purchasing manager index stood at 52.2 points in April 2016, according to seasonally adjusted figures, Yahoo reported. The respondents reported overall positive processes…

Goldman Sachs Group Inc, the banking gold standard for the world’s elite, sees a future in less prosperous investors.

A creative strategy taking shape inside the bank calls for it to…

Brazil’s President Dilma Rousseff is battling impeachment proceedings in the senate for manipulating public accounts.

Most analysts however believe that her real crime, in the…

Asian factories barely grew in April and those in the eurozone did little better despite heavy discounting, setting a sluggish tone on Monday for the global economy in the second quarter.

A new index that detects early trends suggests the recent sharp recovery in Canada’s economy will likely fade.

The Macdonald-Laurier Institute Leading Indicator was unchanged in March, the…

Indonesia’s inflation rate eased in April on lower prices of fuel and basic food commodities, the official Statistics Agency said Monday, Nasdaq reported. The agency said the year-over-year…

Deutsche Bank has “serious” and “systemic” failings in its controls against money laundering, terrorist financing and sanctions, according to confidential findings by the UK’s financial…

German media say secret documents reveal the US has pressured the EU to approve a transatlantic free trade deal. The reports say Washington may block easier car exports if the EU doesn’t open up…

Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from US and European antitrust…

Slovakia’s Finance Minister Peter Kazimir was reportedly surprised when the European Union’s statistical service Eurostat revealed the country’s public finance deficit for 2015 was actually well…

The European Central Bank's monetary policy "bazooka" have been the subject of some strong criticism and, even though some policymakers have sought to defend the bank, the head of Europe Sovereign…

Westpac Banking Corp., which increased provisions for soured loans to the highest in six years, said it expects consumer defaults to rise in the six months to Sept. 30 as the mining slowdown leads…

Asia markets took “sell in May” sentiment to heart on Monday, with the Japanese benchmark index tumbling over 3%.

The (Persian) Gulf Cooperation Council countries will have to create new revenue streams as lower oil prices may keep their budgets in deficit in the medium term, indicates a recent report by the…

Venezuela’s president is ordering a 30% increase in the minimum wage, the latest move by the socialist government to grapple with high inflation and economic stagnation, Reuters reported. The…

China’s millions of migrant workers are bearing the brunt of the country’s ongoing economic slowdown as strikes and worker protests reach record levels, new statistics reveal, CNN reported.

Dubai Department of Economic Development on Sunday denied rumors that people and businesses are being fined for negative comments on the economy, Arabian Business reported.

Millions of people around the world were staging protest rallies, waving banners and chanting slogans to mark International Workers’ Day on Sunday, aka Labor Day.

Germany

Thousands…

A year into a political crisis which has claimed about 500 lives, driven a quarter of a million into exile and prompted western donors to suspend government aid, Burundi’s economy is on the ropes…

Australia’s debt pile will stop growing within the next five or six years and then begin to shrink as the government works to balance the budget, according to Treasurer Scott Morrison.

Central banks across the world are experimenting with an unprecedented level of monetary stimulus and negative interest rates, ostensibly to boost growth and inflation, and push the global economy…