World Economy

Gross mortgage lending by the high street banks reached an eight-year high in March, and at £17.1 billion ($25 billion) was 64% higher than a year ago.

Figures from the British Bankers…

South Korea’s economy expanded at its slowest pace in three quarters during the first three months of this year, as exports and domestic demand sagged due to subdued global demand and heavy…

Australia snubbed a bid from Japan to award one of the world’s biggest defense deals to France’s DCNS Group, opting for a contract that will generate jobs in Australia and minimize a backlash from…

China’s state-backed companies no longer have the ironclad support of the government—and that’s bad news for the equity bull market in Hong Kong, says UBS Group AG.

The European Union has suggested diversification of Nigeria’s south-south economy within the oil and gas sector, which it believes is still viable despite the drop in crude oil prices.

The…

Turkey’s Central Bank announced its second inflation report for 2016 on Tuesday, in which the year-end inflation prediction was kept unchanged at 7.5%. The year-end inflation forecast for 2017 was…

The Danish economy is not performing as well as the government expected. Tuesday marked the third time that the government has lowered its growth projections for 2016 and 2017.

The latest…

Standard Chartered said on Tuesday that first quarter profits slumped 64% year-on-year as revenue for the period also plunged, following a turbulent 2015 in which the troubled bank announced it…

South Africa’s Solidarity union said on Tuesday that 58,549 workers could lose their jobs this year, with more than 29,000 jobs in the mining sector and 8,000 in the metal and engineering industry…

Toshiba Corp. posted a wider-than-forecast operating loss after the troubled electronics conglomerate wrote down the value of its Westinghouse power unit. The preliminary operating loss was 690…

Iron ore and steel futures in China fell sharply on Tuesday after authorities raised transaction costs to cool last week’s rapid gains in Chinese commodities, which had raised fears of an unstable…

Gold ticked higher on Monday as the dollar gave back some of its recent gains, but caution ahead of the Federal Reserve policy meeting later this week curbed its advance, Reuters reported. The Fed…

World stocks, the dollar and oil all fell modestly on Monday as investors locked in recent gains before central bank meetings in the United States and Japan this week.

Italian companies are interested in developing cooperation with Russia, despite the current economic crisis, moreover, they are interested in participating in Russia’s privatization, Italian…

The Bank of Japan faces intense pressure to ease monetary policy this week as a surging yen threatens its drive for 2% inflation.

Only three months after the BoJ’s shock move to…

Germany’s economy is only superficially robust, hiding vulnerabilities to global economic conditions, according to a business survey from a leading German institute published Monday.

The Saudi cabinet has approved sweeping economic reforms aimed at moving the country away from its dependence on oil profits.

Close to 80% of Saudi Arabia’s revenue comes from oil but it…

For almost 150 years Goldman Sachs has been the go-to bank of the rich and powerful. But now the Wall Street titan is opening up to the masses on Main Street by offering online savings…

Bond investors are taking bigger risks than ever before. Yields on $7.8 trillion of government bonds have been driven below zero by worries over global growth, meaning money managers looking…

Raids by tax officers on Mikhail Prokhorov’s business interests may be a signal that the cash-strapped government is looking to acquire assets.

Shanghai aluminum futures jumped to their highest level in nearly 10 months on Monday, tracking gains on the London Metal Exchange amid optimism about a demand pick-up up in top consumer China.…

Unemployment rate in the Gaza Strip has reached 60% with some 213,000 workers unemployed, the General Federation of Trade Unions in Gaza said in a statement Sunday ahead of International Workers’…

The world is no longer teetering on the brink of a full-blown recession thanks to a rally in global stock markets and surging commodity prices, according to a new report out Sunday.

UK consumer confidence fell in the first three months of 2016, according to the latest Consumer Tracker from Deloitte. The quarterly survey of 3,000 UK consumers reveals a renewed caution in the…

Chinese banks’ surging lending to non-bank financial institutions such as fund managers may pose a “black swan” risk for the nation’s financial system, according to Royal Bank of Scotland Group…