The dollar dropped against all of its G-10 peers after weaker-than-expected US economic growth dimmed prospects for a Federal Reserve interest-rate hike. Asian stocks fell with European equity…
World Economy
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Denmark’s Danske Bank reported profit that beat analyst estimates last quarter as Denmark’s biggest bank was able to navigate through negative interest rates and volatile markets. Net income…
World-EconomyAustralian thermal coal prices for delivery in June have dropped to 10-year lows as Colombian miners start sending large volumes into Asia for the first time, adding cargoes to an already…
World-EconomyTaiwan’s trade-reliant economy shrank by a worse-than-expected 0.84% in the first quarter as exports tumbled, pressuring the new government to come up with stimulus measures and cementing views…
World-EconomyThe French and Spanish economies grew faster than economists forecast in the first quarter, suggesting some momentum in the eurozone’s expansion.
French economic growth firmed at the start…
World-EconomyAn unfinished hotel and empty swimming pool sit sadly on the lush hillside of Pitigliano in Tuscany, where they should have welcomed the holidaymakers who flock to central Italy.
World-EconomyConsumer “depression” about the UK’s general economic situation has sent confidence tumbling, according to a report.
Mixed messages about a post-Brexit world and the eurozone crisis have…
World-EconomyLloyds Banking Group Plc, Britain’s largest mortgage lender, said profit was little changed in the first quarter after cutting costs to offset a drop in revenue. The stock fell.
World-EconomyRoyal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a deeper loss in the first quarter as it paid for some of the government support it received during the financial…
World-EconomyBoeing Co on Wednesday reported a 9% drop in first-quarter profit, citing an after-tax charge from the KC-46 aerial refueling tanker it is developing for the U.S. Air Force.
World-EconomyFitch Ratings says in a new report that the rapid rise in private-sector debt in emerging-market countries, particularly that denominated in foreign currency, in conjunction with extensive…
World-EconomyBrazil’s real advanced as the central bank refrained from intervening to weaken the currency for the third straight session and amid speculation former bank chief Henrique Meirelles would become…
World-EconomyChina’s trade deficit in services widened to $21 billion in March from February’s $16 billion, the foreign exchange regulator said on Wednesday, Reuters reported. March’s gap was largely led by a…
World-EconomyBarclays Plc said profit fell 25% in the first quarter as it posted a larger loss in the division that holds the businesses it no longer wants, while revenue at the investment bank fell less than…
World-EconomyThe European Central Bank has so far contained the negative impact of the oil slump on other prices and wages but inflation will rise only gradually and patience with monetary policy is required,…
World-EconomyHere’s one trademark of the slow-motion US economic expansion: Near-zero growth in any given quarter is nothing to panic about.
For the third time in a row, the economy looks to have…
World-EconomyRussia is facing a reversal of inflation and inflationary expectations, which is creating background for easing of the monetary policy, Deputy Minister of Economic Development Nikolai Podguzov…
World-EconomyEuropean stocks slipped on Wednesday, weighed down by some weak corporate earnings, while the Greek market underperformed after eurozone officials delayed a meeting on the country’s bailout.
…World-EconomyA cushy government job, cheap fuel, a mortgage-free home and a bit of five-star travel and luxury shopping were never too much to expect in the Persian Gulf Arab countries.
World-EconomyRecent suggestions to solve China’s massive corporate debt through swaps and securitization are grabbing headlines, but the measures could make the problem worse, experts at the International…
World-EconomyGerman consumer optimism improved distinctly in April. The overall index is forecasting 9.7 points for May, up from 9.4 points in April. Growth is being observed for both economic and income…
World-EconomyAustralian lenders are clamping down on home loans to foreigners as concerns about the health of the nation’s housing market mount.
World-EconomyRecord-breaking growth in China’s overseas mergers and acquisitions is set to continue, analysts at PricewaterhouseCoopers said in a report, with currency falls or economic slowdown unlikely to…
World-EconomyProfit at Swedbank AB stagnated last quarter as negative interest rates ate into revenue at Sweden’s biggest mortgage lender.
World-Economy1Malaysia Development Bhd said on Tuesday it did not pay a $50.3 million coupon on a $1.75 billion bond following a stand-off with Abu Dhabi sovereign fund IPIC, triggering cross defaults on some…
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