The European Central Bank (ECB) outlined plans to end its massive stimulus program by the end of this year, but keep interest rates steady until next summer.
World Economy
Abraaj Holdings, once one of the developing world’s most influential investors, has filed for a court-supervised restructuring as it battles allegations of misused funds.
The buyout firm…
Japan’s central bank maintained its ultra-loose monetary policy on Friday and downgraded its view on inflation, signaling that it will lag well behind its US and European peers in rolling back…
Seventy percent of Canadians say they will start looking for ways to avoid buying US-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and US President…
AT&T announced Thursday evening that it has completed the acquisition of Time Warner. The announcement comes two days after a judge ruled that the deal does not violate antitrust laws. “The…
US consumer sentiment rose this month amid more-favorable personal finances, while tariffs weighed on Americans’ optimism for the economy and helped boost inflation expectations to a three-year…
Argentina sought to inject some confidence back into its beleaguered currency and calm markets on Friday after the peso plunged more than 6% against the US dollar, leaving it at a record low.
The staff of the US International Trade Commission on Friday recommended that a trade judge find that Apple Inc infringed at least one of Qualcomm Inc’s patents, a move that could lead to…
Citibank will pay a huge fine for manipulating an important interest rate. The bank settled with US attorneys general in 42 states for $100 million. Following an investigation, the states said…
Tit-for-tat tariffs on products worth tens of billions have left the US and China teetering on the brink of an all-out trade war, one Beijing can ill-afford with headwinds mounting for its…
Significant investment from Chinese companies was not enough to prevent the value of World Cup sponsorship falling for this summer’s tournament, a report has revealed.
They may be worlds apart in the financial services industry but German payments company Wirecard AG is fast approaching the market valuation of banking behemoth Deutsche Bank AG, capping a week…
China›s economic growth rate is expected to be 6.6% in 2018, as revealed by the latest investigation of the Chinese Academy of Social Sciences.
The DIW economic institute has slashed its growth forecast for Germany due to an unexpectedly weak start to 2018 and risks from abroad including concerns about Italy’s new government and the…
Industrial production in the eurozone fell more sharply than expected in April, resuming its 2018 decline after a March bounce and underlining doubts about the strength of the economy as the…
Base metals prices fell on Wednesday, led by Shanghai aluminum, which touched a six-week low, as investors fretted over liquidity in China and awaited news from the US Federal Reserve’s policy…
AT&T Inc. was cleared by a judge to take over Time Warner Inc. in an $85 billion deal that will fuel the mobile-phone giant’s evolution into a media powerhouse and could spark a wave of new…
Increasing investment activity and decelerating inflationary processes resulted in the Kazakh GDP growing by 3.9% in the first five months of this year, said Minister of National Economy Timur…
Asian central bankers grappling with wobbly markets, higher energy costs and simmering trade tensions are getting relief from an old foe: food prices.
In a region vulnerable to volatile…
In the present uncertain financial and political situation, it is certain that Pakistan government will seek foreign aid and loans for survival. According to informed sources in Islamabad, the…
Ireland is the biggest “tax haven” in the world used by multinationals to shelter profits, according to a new study by economists from the United States and Denmark.
US electric carmaker Tesla has announced it will cut about 9% of its global workforce to enhance profitability. CEO Elon Musk insisted that Model 3 production would not be affected by the move,…
Moody’s Investors Service on Wednesday maintained Malaysia’s direct government debt at 50.8% of gross domestic product in 2017, although the new government has introduced some policy uncertainty…
The US has a surplus of $20 billion with China and $1.4 trillion with the rest of the world.
Rate hike by the Reserve Bank will increase the cost of doing business and impact capital expenditure by India Inc, industry body CII warned Wednesday.
