World Economy

Zimbabwe President Robert Mugabe stunned even his most ardent supporters, when he declared that the economy was on a rebound, with several firms reopening for business, in spite of evidence to the…

Major steel-producing countries failed to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting US criticism of Beijing's approach and an…

Struggling Italian lender Banca Popolare di Vicenza effectively wiped out the savings of thousands of its small shareholders on Tuesday when it set a price range for its initial public offer,…

Ask someone on Wall Street how the US economy is doing and the response is likely to be “pretty good.” And ask someone on Main Street and they will probably tell you it’s crummy.

In a new…

South Korea’s finance minister said downside risks to the local economy were bigger than he expected as domestic consumption continued to limp and offshore risks persisted, Reuters reported.

Several agreements with a combined worth of more than €2 billion ($2.3 billion) have been signed between French companies and the Egyptian state. French President Francois Hollande is in Cairo as…

Argentina has been given a rousing welcome back to international bond markets as it secured massive orders for its first debt issue since defaulting in 2001. Its new bond was five times…

Morgan Stanley said its profit fell 53% in the first quarter after concerns about the economy sent shivers through the capital markets, limiting Wall Street clients’ appetite to trade or make…

Home prices rose in more Chinese cities during March than in February on the back of improved market sentiment, government data showed.

However, the price rises were mostly in the bigger…

The deeper the slump, economists used to say, the stronger the recovery. They don’t say that anymore. The effects of the crash of 2008 still reverberate, with the latest forecasts for global…

Brazil’s perceived sovereign risk among investors fell, with the cost of insuring Brazilian bonds for five years falling yet again in the credit-default swaps market after the country’s lower…

Credit Suisse Group AG will stop publishing research that previews companies’ financial results in Japan after the securities watchdog found that its local securities unit leaked …

Japanese Prime Minister Shinzo Abe said on Monday there was no change to the government’s plan to raise the sales tax next year barring a financial crisis like the one triggered by the collapse of…

Singapore exports tumbled at their fastest pace in three years in March on falling shipments to Europe and China, official data showed Monday, supporting forecasts for slower economic growth and…

A failed oil deal out of Doha sent stock markets in Asia down Monday, with Japan suffering the steepest losses as it also faced fallout from earthquakes and a renewed surge of its currency.

Germany’s economy may have accelerated in the first quarter of the year, thanks to robust domestic demand, the country’s monetary authority said, DigitalLook reported. However, a slowdown might be…

The best rally in emerging-market stocks and bonds in seven years is sending bears back into hibernation.

The global iron ore market faces increasingly severe oversupply, according to Citigroup Inc., which said the commodity’s gains will probably be reversed in the second half.

Economic woes in China and the eurozone have dented Scottish exports. Scotland’s small to medium-sized exporters are selling less of their goods and services overseas and the number of firms…

Finance Minister George Osborne said a vote to leave the European Union would do permanent damage to the country's economy and could cost each household £4,300 ($6,100) a year by 2030.

A key economic report has praised Australia’s performance, given the ongoing slowdown in China and the overall state of the global economy.

Deloitte Access Economics’ latest Business…

Household loans extended by local banks rose at a fast clip in March due to a large increase in mortgage loans, central bank data showed Monday.

Outstanding household loans extended by…

Two days after Bank of Russia Governor Elvira Nabiullina urged reforms and warned against the “big illusion” of using inflation to propel growth, President Vladimir Putin said that he won’t…

The Greek government will be asked to introduce €3.6 billion of measures to guarantee bailout implementation, Reuters reported. Many reports from the USA suggest that Greece’s European creditors…

Malaysia will meet its economic expansion target this year even as risks to global growth mount and greater volatility may persist in capital flows, Central Bank Governor Zeti Akhtar Aziz said,…