World Economy

Sete Brasil Participacoes SA plans to file for bankruptcy protection if state-controlled oil producer Petroleo Brasileiro SA, the rig builder’s sole client, fails to present a final lease contract…

OECD appreciated the Slovak economy for growing twice as fast as EU average, but the country still has challenges ahead to deal with, including in health care and in tackling regional disparities…

The United States became the top destination for German exports last year, overtaking France for the first time since 1961 thanks to an upturn in the US economy and a weaker euro, data from…

Prime Minister David Cameron met senior ministers on Saturday to win endorsement of an EU deal he hopes will persuade voters to ratify Britain's membership of the world's largest trading bloc at a…

Which is the fastest-aging nation in recorded history? Those who guess Japan or Finland might be shocked to know the answer is Vietnam.

It will take a little more than 15 years for the…

The Afghanistan Bank Association has said that Islamic banking is important for boosting money circulation and improving the country’s monetary system.

According to ABA, 11% of Afghans have…

Milan prosecutors are investigating Credit Suisse Group AG on suspicion of money laundering and tax evasion over billions of euros of insurance policies sold Italian clients and used to shield…

President Francois Hollande’s plan to dilute the 35-hour limit on the working week and ease firing rules is creating turmoil among French unions and Socialist lawmakers even before its official…

Fitch Ratings expects the Maltese economy to continue to outperform that of its Eurozone peers, with a projected average real GDP growth of 3.2% this year and next year, broadly in line with the ‘…

Russia and Poland have agreed to allow cross-border cargo transportation to continue until April 15 while a new permit deal is negotiated, announced Poland’s Deputy Minister of Infrastructure…

The Lagos Chamber of Commerce and Industry, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture and the Association of National Accountants of Nigeria on Friday…

In an environment where interest rates have been trending lower, Taiwan’s banking sector is expected to face more challenges and see its profitability weaken in 2016, according to Taiwan Ratings,…

While fuel subsidy reforms in the Persian Gulf Arab region will help address pressure from low oil prices on public finances, these measures alone will not be enough to bring the governments’…

Gold steadied near $1,230 an ounce on Friday, largely holding sharp overnight gains as a drop in US equities stoked fresh safe-haven demand for the metal, Reuters reported. Spot gold eased 0.2% to…

Unemployment will continue to ravage the eurozone in 2016, as the bloc fails to reap the positive effects of low oil prices, interest rates and a weak euro, according to the OECD’s latest Interim…

Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with…

Economic activity in Brazil fell for the 10th straight month in December, central bank data showed on Thursday, adding to evidence that the recession in Latin America’s biggest country…

China’s central bank said some banks will be forced to lock away more reserves, a move that may contain credit growth after advances by smaller lenders jumped in January. Some banks no longer meet…

With energy playing a dominate role in national finances, Russia’s deputy prime minister said Friday an economic contraction is possible for this year.

“Speaking about most short-term…

Social inequality in South Korea is higher than in countries that experienced systemic changes or economic crises, a researcher said.

Kim Tae-wan, a fellow at the South Korea Institute for…

Rising rents and medical costs lifted underlying US inflation in January by the most in nearly 4-1/2 years, signs of an uptick in price pressures that could allow the Federal Reserve to gradually…

Venezuela is raising petrol prices for the first time in 20 years, although the president claims it will still be the cheapest in the world.

President Nicolas Maduro said pump prices of…

Saudi Arabia, Bahrain and Oman were among the oil-producing nations to have their credit ratings cut by Standard & Poor’s.

Saudi Arabia’s credit grade was cut two levels from A+ to…

The highest currency-market volatility in more than four years is depriving investors of a cheap way to protect against risks in financial markets—including Britain’s referendum on its membership…

The UAE central bank’s foreign assets fell by $12 billion in January from the previous month as the economy continued to be impacted by falling oil prices.

Foreign assets declined to AED296…