World Economy

A Goldman Sachs (Shenzhen) Financial Leasing Company was found operating in the country without any connection to the US investment giant, RT reported. “We don’t have any connection with the US…

Ukraine has agreed a restructuring deal to reduce its debt burden by about $3.6 billion. Moscow has refused to agree to Kiev’s terms.

Recent market volatility, in emerging and developed economies alike, is showing once again how badly ratings agencies and investors can err in assessing countries’ economic and financial…

Switzerland unexpectedly avoided a recession last quarter as investment and private consumption helped return the economy to growth.

Gross domestic product increased 0.2% in the three…

The continuation of low energy prices is impacting both optimism and risk appetite in the Middle East, according to Deloitte, the largest professional services network in the world by revenue and…

Improved access to insurance can boost the resilience of vulnerable communities to recurrent disasters such as droughts and floods in Sub-Saharan Africa.

Despite recent optimism surrounding Pakistan’s economy, the country is facing an “existential crisis” stemming from its woeful tax collection rates and inability to finance itself, a report said…

European stocks retreated after benchmark indexes in the US and China failed to sustain intraday rallies. The yen weakened and industrial metals fell.

For years now, global stock prices have been on a steady incline because so many central banks have been injecting liquidity into financial systems through unusually loose policies.

Now,…

While this week's gyration in global stocks is seen by many as stemming from a troubling slowdown in Chinese growth, the country's problems also point to a more important shift that is…

Saudi Arabia is preparing to cut billions of dollars from its budget amid a steady drop in crude oil prices. Reportedly, Riyadh is currently working with advisers to review capital spending plans…

A former Australian treasury secretary told a summit of business and community leaders in Sydney on Wednesday that unless Australia acted quickly, the country would face the equivalent of a…

Russia has downgraded it’s forecast for the economy. The government now says it expects it to shrink by 3.3% this year as it grapples with a continuing recession driven by low oil prices, Euronews…

Confidence in the service, retail and construction sectors dropped in August, a Tuesday report by the Turkish Statistics Institute revealed, drawing a dismal outlook regarding market activity.

The Swiss National Bank may see the fallout from its dramatic policy u-turn delivered in one word this week: recession.

Norwegian unemployment jumped to a 10-year high in July, while the prime minister acknowledged that the Nordic oil producer faced mounting problems caused by low crude prices and growing global…

The downturn in the global dairy market is slowing growth in the New Zealand economy, and eroding business and consumer confidence, an independent economic think-tank warned Wednesday.

The dollar rose as US stocks fell for the sixth straight session on worries about China’s economy and market volatility, AFP reported. With Wall Street stocks tumbling, the dollar’s rebound from…

The International Monetary Fund has reiterated that the Angolan executive needs to diversify its economy, with a view to widening the sources of revenue and decrease dependency on the crude-oil…

Asian markets braced themselves on opening for a further bruising in the sorry saga of what looks like a Chinese market in free fall, Euronews reported. A late night US sell-off laid waste to any…

China’s central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a…

World stock markets continued to plummet, fueled by another steep decline in Chinese shares and concerns over a marked slowdown in the world’s second-largest economy and turmoil in emerging market…

The Association of South-East Asian Nations countries, including Malaysia, can withstand China’s sluggish economy and the slump in commodity prices, backed by their strong fundamentals.

Russia’s economic growth is set to stand at 1-2% in 2016, rather than the previously forecast 2.3%, the country’s Economic Development Minister Alexei Ulyukayev said Tuesday.…

The international impact of the stock market collapse was felt in Pakistan.

An editorial “Black August” in the News International said that following the panic in the international stock…