World Economy

European leaders are scrambling to tighten rules on tax evasion this week as the Panama Papers data dump continues to cause political shockwaves around the world.

David Cameron, the UK’s…

The British government has been told to “wake-up” as further evidence of a slowdown in the UK economy emerged Monday morning from two separate surveys.

Greek officials and representatives of the country’s bailout creditors will have another go at overcoming disagreements on austerity measures, after all-night talks failed to produce a…

Standard Chartered Plc is seeking to sell at least $4.4 billion of assets in Asia, people with knowledge of the matter said, as the lender pares its balance sheet after booking record impairments…

Chinese conglomerate HNA Group Co. agreed to buy Swiss airline catering company Gategroup Holding AG for 1.4 billion francs ($1.5 billion), as billionaire Chen Feng continues on an acquisition…

The Dutch bank has long questioned the effectiveness of the European Central Bank’s approach. Germany’s Wolfgang Schaeuble is the latest to warn of risks of the ECB’s ultra-loose policy.

Gold futures advanced moderately in Monday trading as investors’ risk-aversion propped up market havens that include the yellow metal and the Japanese yen.

Gold continues to move in…

Research Team at Brown Brothers Harriman, a financial services firm, suggests that the weakness of the US economy and the caution by the Federal Reserve to raise rates again after the December…

Global brokerage firm HSBC on Monday said it is ‘underweight’ on Indian equities and sees risk of earnings downgrades going forward as the market is trading at a significant premium.

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Asian stocks erased early losses and edged up on Monday as Chinese inflation data fanned optimism Beijing will continue with loose monetary policies, while Japanese shares slid as the dollar…

The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by risks such as uncertainty over China's growth prospects…

Turkey’s central bank should “radically” curb borrowing costs to boost investments and make Turkish companies more competitive in world markets, Economy Minister Mustafa Elitas told Bloomberg.

For the 24 hours to 23:00 GMT, the USD declined 0.28% against the Swiss franc and closed at 0.95, Investing.com reported. The Swiss franc strengthened, after Switzerland’s consumer price index…

Kenya’s central bank will provide liquidity to domestic lenders facing constraints after a run by depositors forced it to close Chase Bank Kenya Ltd. last week.

Negative interest rates were first adopted in Sweden, Denmark and Switzerland in a bid to halt currency appreciation against the euro and Hungary’s central bank has also joined the move.

Australian banks famously rode out the 2008 financial crisis with barely a scratch, but no longer are they the exemplar of success, as a commodity rout ravages the economy and a growing storm of…

The north Indian state of Haryana recently hosted an investors’ summit themed ‘Happening Haryana’ at Gurgaon, a suburb of the national capital New Delhi, PTI reported. Haryana has been reasonably…

Sri Lanka has asked China to swap some of the $8 billion it owes Beijing for equity in infrastructure projects and offered to sell stakes in Sri Lankan firms to Chinese companies, officials said…

The first full week of the European Central Bank’s expanded bond buying highlighted the program’s limitations in the face of heightened political risks in the eurozone, Bloomberg reported. The…

Groupe BPCE, the 2nd largest banking group in France, Chairman Francois Perol said the outlook for the European banking industry is more uncertain in some respects than in 2009 as negative…

A one-percentage-point drop in China’s economic growth rate could deal a relatively heavy blow to South Korea’s economy than other countries as it depends heavily on the neighboring Asian country…

An economic collapse in the US is not a myth. One more permabear analyst affirms that a US recession is “virtually inevitable,” echoing Donald Trump’s pessimistic view on the …

Growth rate of (Persian) Gulf Cooperation Council countries is forecast at 2.5% in 2016, reflecting mainly the developments in the global oil market and the impact of fiscal corrective measures.…

The same year Jasmine Li, whose grandfather was the fourth-ranked politician in China at the time, donned a floral Carolina Herrera gown and debuted at a ball in Paris, a company called Harvest…

Pierre Moscovici, the European Commissioner in charge of tax policy, has announced his intention to move swiftly in order to finally draw up a European list of tax havens. This is in the wake of…