World Economy

Solar energy company SunEdison Inc, headquartered in the US, is preparing to file for bankruptcy as early as Sunday evening, a person with direct knowledge of the matter said on Friday.

Financial leaders from the Group of 20 nations said they were heartened by a recent recovery in financial markets, but warned that global growth was "modest and uneven" and threatened by weakness…

Panama’s diversified, service-based economy will continue to support its sovereign credit quality despite the leaks from law firm Mossack Fonseca, which have generated scrutiny of the country’s…

Japan’s Finance Minister Taro Aso said he had expressed deep concerns to US Treasury Secretary Jack Lew over one-sided currency moves that earlier this week saw the yen hit its strongest levels in…

Growth in Qatar’s non-oil economy is forecast to slow this year to 6% from an estimated 8% last year, according to Fitch Ratings.

The ratings agency said in a statement that average non-…

The leaders of the International Monetary Fund and the World Bank pledged Thursday to redouble efforts to bolster shaky global growth prospects and combat increasing political attacks on free…

Britain’s decision to prosecute only one of 3,600 potential tax evaders whose Swiss bank-account details were leaked by a former employee of HSBC Holdings Plc, Herve Falciani, gives a…

Gold futures posted their biggest move in two weeks to settle lower on Thursday as strength in the US dollar and upbeat economic data helped push prices down for the week, MarketWatch reported.…

Hoping to give a leg up to the Chinese investments in India, small and medium-sized enterprises from China are planning to invest $1 billion across various states in sectors ranging from…

Global stock markets have nosedived into the red after China revealed its economy has slowed to levels last seen during the depths of the financial crisis.

Panicked investors rushed to sell…

The Monetary Authority of Singapore surprised the market on Thursday by unexpectedly easing its monetary stance to neutral with the adoption of a 0% appreciation policy for its currency due to a…

Campaigning for Britain’s European Union referendum has officially begun—though Britons could be forgiven for thinking it has been going on for months, AP reported. Friday marks the start of the…

Consumers have been the missing link in the US economic recovery and are likely to remain so absent from a major change in sentiment.

Despite the seemingly endless stream of Wall Street…

Goldman Sachs Group Inc. is embarking on its biggest cost-cutting push in years as it tries to weather a slump in trading and deal-making, according to two people with knowledge of the effort.

The fate of some huge blast-furnaces in the Belgian city of Liege a few years ago may offer clues to where the rest of Europe’s beleaguered steel-making industry is headed—more doom and gloom.

Germany’s top economic research institutes have revised downwards their forecast for the nation’s growth, citing a cooling of the world economy. They also say government policies are doing little…

In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of cheap…

Japan’s exports were expected to fall for a six straight month in March, a Reuters poll found on Friday, suggesting a strong yen and stagnant overseas demand may be delaying economic recovery.

The board of the New Development Bank established by the BRICS group of emerging nations has approved the issuance of five-year bonds in Chinese yuan, Russian Finance Minister Anton Siluanov was…

Verizon Communications Inc’s wireline employees walked off the job on Wednesday in one of the largest US strikes in recent years after contract talks reached an impasse.

The eurozone jobs crisis is encouraging more southern European migrants to head to the UK to join those from the east, the Migration Observatory has said. The industrial production has also fallen…

Greece’s economy will shrink 1% this year with the recession expected to deepen after a 0.3% contraction in 2015, an influential think tank IOBE projected in a quarterly report on Wednesday.

The Russian banking system has a liquidity surplus, Minister of Economic Development Alexey Ulyukayev said on Wednesday at the meeting with the Finnish business community.

Trade Minister Thomas Lembong said that the World Trade Organization applauded President Joko “Jokowi” Widodo’s effort in reforming the economy. Thomas conveyed the statement after participating…

China’s exports reversed their course in March and returned to growth for the first time in nine months, DW reported. While investors welcomed the trade data, economists warned it masked…