World Economy

House prices in Amsterdam exceeded 2008’s peak in the first quarter. The prices show “the tense situation” in the housing market in the capital of the Netherlands: too few new houses come on the…

The Brazilian economy contracted in February for the 14th consecutive month, the central bank reported.

Economic activity declined 0.29% compared with January and by 6.52% from the level of…

Standard & Poor’s Ratings Services, a US-based ratings agency, has lowered its forecast for Taiwan’s economic growth for 2016 to 1.8%, citing the impact from China’s slowing economy.

The US Federal Reserve will keep interest rates steady at its policy meeting next week but economists held firm to their expectations for a rate hike in June and then another by the end of this…

Indonesian stocks led Asia’s big economies, ahead 10% in dollar terms through March on the MSCI Index, as President Joko “Jokowi” Widodo took the investor-determined reformer crown from Indian…

Turkey’s consumer confidence index rose for a second month in a row in April, the Turkish Statistical Institute said Thursday, Anadolu Agency reported. The index rose to 68.46 points from 67…

Saudi Arabia is raising $10 billion from a consortium of global banks as the country embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves.

Portugal’s Socialist government aims to sharply reduce the country’s budget deficit in the coming years in a bid to comply with European Union rules and convince markets it remains committed to…

Gold slipped and silver pared gains on Friday as the dollar strengthened against the yen, but both metals were still headed for weekly gains. The dollar rose about 1% against the yen on Friday,…

When an earnest Glenn Stevens spoke to investors in New York this week, shares on Wall Street were nearing record highs, commodity prices rebounding and signs emerging that China’s…

China’s biggest tax overhaul in more than two decades starts on May 1, with changes set to reduce the burden on services companies and encourage factories to upgrade and innovate.

The Hong Kong exchange has begun a Brexit impact assessment, and some Asian asset managers are looking to set up new bases in mainland Europe amid growing concerns their operations could be…

The Cuban government has announced that it is cutting prices of some basic foods by 20% in state-run stores, AP reported. The reductions taking effect Friday address widespread complaints that…

In raising $16.5 billion in the largest emerging markets bond ever, Argentina finally ended its long-running legal battle with creditors and sloughed off its status as market pariah.

With…

The European Central Bank has kept its interest rates unchanged at historic lows, shying away—for now—from further monetary stimulus to boost the eurozone economy amid mounting criticism.

…

 Emerging stocks shifted into reverse gear on Friday, giving up recent gains while the ruble outperformed, heading for its tenth straight week of gains against the dollar.

MSCI’s…

Japan looks increasingly likely to fire both fiscal and monetary barrels in the coming weeks to help recovery and arrest unwelcome gains in the yen, with direct currency intervention off the table…

Strong market performance failed to wow US-based fund investors, who delivered stock funds another week of multi-billion dollar withdrawals, Lipper data showed on Thursday.

Lloyds Banking Group Plc is considering deeper cuts, beyond its target to eliminate 9,000 jobs by the end of next year, according to two people with knowledge of the matter.

Panamanian President Juan Carlos Varela says his country will adopt global tax reporting standards in the aftermath of the Panama Papers controversy, VoA reported. “To prevent the illegal use of…

With talks set to resume, both Greece and its lenders have expressed hope that a reform review is nearing its end. The Greek government is weighing a proposal that aims to overcome a key sticking…

Japanese families seem to have a sudden affinity for home safes. According to the Tokyo-based manufacturer Eiko, shipments have doubled since last fall. And in Germany, insurer Munich Re…

Spain will overshoot its deficit target again this year, the caretaker government said Tuesday, as the country struggles to adhere to budget agreements reached with European Union authorities.

A whopping 16.1% or $178 billion worth of corporate credit in India is at risk of default, making the domestic banking system the worst in Asia in terms of bad loans, says a report.

Silver jumped 3% to its highest in more than 10 months on Tuesday on a softer dollar and robust buying in China, helping to lift gold by 1%, Reuters reported. After quiet trading early in Asia,…