World Economy

Gold fell as much as 2% on Monday as the dollar strengthened and investor appetite for risk increased, but the metal remained above $1,200 an ounce after a rally that pushed prices to one-year…

Steve Irish used to farm 450 acres of rich crop fields in east-central Illinois, but that 15-year chapter of his life ended with a recent conversation with his banker.

A collapse of Europe’s Schengen passport-free travel zone could cost the European Union up to €1.4 trillion ($1.55 trillion) over the next decade, a study by Germany’s Bertelsmann Foundation…

While the jobless rate in the United States has dropped to 4.9%, it is 12.2% (based on December numbers) in Puerto Rico, which is worse than it was in America at the depths of the Great Recession…

The German economy took a hit this month from weak global demand, with a manufacturing gauge dropping to a 15-month low.

Markit Economics said its factory Purchasing Managers Index fell to…

The International Monetary Fund’s Managing Director Christine Lagarde has estimated that in the Middle East and North Africa as a whole, oil exporters lost more than $340 billion of revenues last…

The UK’s economy would suffer if it left the European Union, an international credit rating agency warned today as it spelt out the dangers of Brexit.

The Japanese government said on February 15 that Japan’s GDP growth for the full year of 2015 was 0.4%, which dealt a further blow to Prime Minister Shinzo Abe’s stimulus measures.

Just seven months ago, Sweden’s Handelsbanken was worth almost $20 billion less than Deutsche Bank. This month, it eclipsed Germany’s flagship lender, Reuters reported. Its market value has held…

Dubai contractor Arabtec reported a widening fourth-quarter net loss on Sunday that it blamed on tough market conditions, Arabian Business reported. The firm had also reported widening losses in…

 South African Airways will cease its operations between Johannesburg and Abu Dhabi from March 1, it said, Albawaba reported. “South African Airways would like to notify its stakeholders and…

If things in the marker seem scary, maybe that’s because they are scary. That’s the message from one widely followed fixed income investor.

Forget Brexit. The real obstacle to deeper European integration is not the awkward British, whether they choose to stay in the European Union with a "special status" or leave.

It is a long-…

General Motors Co will reconsider plans for new investment in Brazil if the economic and political situation does not improve, the company’s president Dan Ammann said in an interview published on…

As Britain’s future membership of the European Union hangs in the balance the financial world is looking on nervously, Euronews reported. A majority of banking and business leaders there have…

African leaders and bankers vowed at an economic summit in Egypt Saturday to push for trade and investments on the continent despite the growing threat of “terrorism” in the region.

Retail sales in Canada fell 2.2% in December from November on a seasonally adjusted basis, but not adjusted for inflation, to C$43.2 billion ($31.38 billion).

“Declines were widespread as…

Malaysian Prime Minister Najib Tun Razak has reiterated his confidence that his country’s economy can weather the global challenges and ensure it stays strong, stable and on track, NewsNow…

The Bank of Japan’s new negative interest rate policy may bring “side-effects” if the central bank further pushes rates into the red, a former BOJ chief economist said Sunday.

Off the coast of a nearly deserted island below the southern tip of Hong Kong, at least 10 massive ships that normally carry hundreds of thousands of tons of coal or iron ore lie idle near one of…

Russia’s Central Bank expects to reach its inflation target of 4% by the end of 2017 even if oil prices remain close to current levels, said Governor Elvira Nabiullina.

A very possible recession within the next three years would take place in the US, economists warned at a meeting of US governors.

China has removed the head of its securities regulator following a turbulent period in the country's stock markets, appointing a top state banking executive as his replacement, as leaders move to…

Yahoo Inc officially launched the sale of its core business, a move seen as a positive step for frustrated investors but not enough to keep an activist hedge fund from pursuing a proxy fight…

The International Monetary Fund has confirmed Christine Lagarde for a second term at the helm of the Washington-based organization. She did not have to struggle hard as there was no other…