World Economy

South Korea’s competition watchdog said it had fined HSBC Holdings Plc’s Hong Kong unit and Deutsche Bank AG a combined 59 million won ($50,000) for colluding on foreign exchange swap bids—its…

Sterling retreated further from a one-month high against the dollar on Tuesday, after a new poll suggested slightly more Britons want to leave the European Union than stay, fuelling fresh…

Italy’s economy will keep recovering from recession slowly but surely and avoid a renewed slump this year and next, a Bloomberg survey (March 4-11) of analysts showed.

Saudi Arabia’s government, its finances strained by low oil prices, is opening a fresh austerity drive by ordering ministries to cut their spending on contracts by at least 5%, a document seen by…

The Bank of Japan left its monetary policy unchanged Tuesday but downgraded its view of the economy, opening the door to further action in months ahead.

As the Organization for Economic Cooperation and Development and the International Monetary Fund call for an urgent collective response to sluggish worldwide demand, OECD’s top Japan economist…

Industrial output in the 19-country eurozone grew at its fastest tick in more than six years in January, official figures showed Monday—a welcome development but one many economists think could…

Royal Bank of Scotland Plc plans to cut about 550 jobs as it scales back in-person advice to certain customers seeking investments and insurance, according to a person briefed on the moves,…

Since hitting a 3 1/2-year low just a month ago, European banks have rebounded 28%, with Greece’s Eurobank Ergasias SA, Italy’s UniCredit SpA and Deutsche Bank AG among the top performers,…

Pakistan’s economy, which has achieved its targets for economic stability under an IMF program, has been falling behind on growth, NewsNow reported. With a substantial provincial surplus, fiscal…

Morgan Stanley strategists are growing increasingly concerned about the risk of a global recession, slashing forecasts for all major equity markets and advising investors to sell stocks that have…

India’s market regulator said it would ban “willful defaulters” from standing on boards of listed companies or raising fresh funds by issuing securities to the public, as part of a crackdown on…

Asian stock markets rose Monday, extending a global rally after a strong finish last week on Wall Street, as investors turned their attention to upcoming meetings by the Fed and other major…

The current year won’t be easy for Russian banks but there are no grounds for problematic situations, Deputy Chief of Russia’s Central Bank Mikhail Sukhov told reporters on the sidelines of the…

The National People’s Congress, China’s top parliamentary body, and the Chinese People’s Political Consultative Conference, China’s top political advisory body, have convened its annual two…

UK Prime Minister David Cameron will announce a new savings package to help lower earners set money aside along with an increase in the minimum wage paid to younger workers.

Moody’s Investors Service says the negative outlook for Mongolia’s banking system, unchanged since 2013, reflects the challenging operating environment, leading to continued deterioration in asset…

For the second time in less than four months, the Swiss National Bank President Thomas Jordan has seen the franc weaken rather than strengthen in the wake of new European Central Bank…

Peripheral government bonds led eurozone yields lower on Monday, with German bonds underperforming a day after voters punished Chancellor Angela Merkel’s conservatives in three German regional…

Central banks take center stage in the coming week as policymakers from Washington to London and Tokyo battle slowing global growth, heightened market volatility and deflationary pressures.

South Africa’s economy has had a sluggish start to the year, data showed, signaling tough times ahead for a country at risk of losing its investment-grade status because of slow growth.

Nearly 3,000 delegates of the National People’s Congress, or legislature, are holding an annual meeting in Beijing to discuss China’s growth plan for the next five years.

Real-wage growth surpassed economic growth in Korea last year mainly due to a record-low inflation rate, government data showed Sunday.

According to the finance and labor ministries, the…

Australia and New Zealand Banking Group has exited the emerging corporate business in five Asian countries and cut around 100 jobs, a bank spokesman told Reuters. It is losing the unit that lends…

Blackstone Group has agreed to sell Strategic Hotels & Resorts Inc. to a Chinese firm for $6.5 billion, according to a person familiar with the deal, AP reported. The agreement with China’s…