World Economy

London copper rose to the highest in almost two weeks on Wednesday and Shanghai metals surged as strong Chinese copper imports in March fanned hopes that the economy in the world’s biggest metals…

JPMorgan Chase & Co has cut 30 jobs, or 5% of its headcount, at its Asia wealth management business, a source with direct knowledge of the matter said, as the US bank sharpens its focus on…

When Cubic Energy Inc’s bankruptcy plan took effect on March 1, shareholders of the Dallas-based oil and gas company were wiped out. Among the losers was Wells Fargo & Co, Reuters reported.…

Australia’s central bank has unveiled a new colorful design for the A$5 bill to improve banknote security. The new note has drawn mixed reactions from the general public, with some likening it to…

Lower remittances from Persian Gulf nations, which have been hit hard by the slump in oil prices, will cut the benefits of cheaper oil imports for several Asia Pacific countries including India,…

There is no risk that European authorities will block a bank fund set up by Italian financial institutions to shore up weaker lenders, Italy’s Economy Minister Pier Carlo Padoan told financial…

This wasn't how it was supposed to be. When Japanese Prime Minister Shinzo Abe and his lieutenants unleashed massive monetary and fiscal stimulus in 2013, the shock therapy was meant to jump start…

A prolonged period of slow growth has left the global economy more exposed to negative shocks and raised the risk that the world will slide into stagnation, the IMF warned.

Pakistan’s trade deficit widened by 5.5% during the first nine months (July-March) of the financial year.

Trade imbalance, gap between exports and imports, was registered at $1.85 billion…

Peabody Energy Corp, the world's largest privately owned coal producer, filed for US bankruptcy protection on Wednesday in the wake of a sharp fall in coal prices that left it unable to service a…

Chinese direct investment in the US economy is set to reach a new high this year due to a wave of deals announced in early 2016. But experts say the pace is already slowing as politicians and…

The head of the International Monetary Fund has said it is time to “think outside the box” on global tax but warned that a proposal by Oxfam to establish a UN global tax body faces huge…

The economic growth in Pakistan is projected to accelerate from 4.5% in 2016 to 4.8% in 2017, says a World Bank report, APP reported. The growth would be supported by growing industry and services…

The UK’s exit from the European Union could cause “severe regional and global damage”, the International Monetary Fund has warned in its latest outlook.

A so-called “Brexit” would disrupt…

The outlook for the economy in the (Persian) Gulf Cooperation Council region remains uncertain this year, as the states continue to deal with challenges, according to a new study.

The southern regions in Vietnam have received $1.7 billion worth of foreign direct investment in the first quarter of 2016, according to the Vietnam Ministry of Planning and Investments, VNA…

The US dollar remained on the defensive on Tuesday, after carving out a fresh low on the break of a technical barrier overnight as momentum sellers joined in the fray, Reuters reported. The dollar…

 London copper slipped on Tuesday but held above seven-week lows as a broadly weaker dollar offered support, while encouraging economic signals from China were offset by a looming slowdown in…

Fresh data from Statistics Finland indicate that the average unemployment rate in 2015 was 9.4%, representing more than a quarter of a million people out of work during the year. A former senior…

Qatar had been one of the strongest players in the Middle East and North Africa region. It’s gone through several years of high real-GDP growth and remains one of the wealthiest nations in the…

Italian officials and financial firms agreed to create a multibillion-euro fund to help weakened banks raise capital and unload bad loans, as the nation tries to assuage investor jitters and…

Sri Lanka’s gross domestic product is projected to grow by 5.3% until end-2018, compared to a 4.8% growth in 2015 despite the multiple risks and challenges, a World Bank report said. “Growth is…

Russia’s economy won’t return to steady economic growth in the near term even if oil prices recover as the country needs structural reforms, the central bank’s governor said Tuesday.

The eurozone and the International Monetary Fund are demanding the utilization of all assets in Greece’s sell-off fund TAIPED’s (Hellenic Republic Asset Development Fund) portfolio, and the…

Bank Indonesia plans to overhaul its main tool of monetary policy, adopting a seven-day reverse repurchase rate as the new benchmark, according to people familiar with the matter.