World Economy

The recent move by China’s central bank to weaken its currency and the likely US rate hike has cast a huge shadow over the asset class.

Reserve Bank of India Governor Raghuram Rajan on Monday said that economic growth is still below the level what the country is capable of although compared to other countries, India is…

Iron ore prices collapsed this year as the biggest miners committed market vandalism by overproducing, according to Fortescue Metals Group Ltd. Rio Tinto Group fired a salvo in response, saying…

Opportunities for making money still exist as seen by the increasing numbers of millionaires across East Africa who top just over 11,000.

According to the latest data by research firm New…

While speaking at the Indian Chamber of Commerce in Kolkata, Indian Finance Minister Arun Jaitley said that his country’s potential growth rate indicates that the country is in a…

The grain crops in Russia will be over 100 million tons, though 1.5 million hectares of land in eleven regions were hit by drought, Minister of Agriculture Alexander Tkachev said in an interview…

The International Monetary Fund and private economists expect second-quarter data on the Philippine economy to show accelerated growth as indicated by a rebound in public disbursement and…

For years, investors in US stocks shrugged off threats–a government shutdown, fear of a euro collapse, a near US debt default–and just kept on buying. At the sixth anniversary of the bull market…

Spain’s economy will grow in the July to September period at a similar pace to previous quarters, boosted by a busy tourism season and consumer spending, the economy minister said in comments…

Lebanese Prime Minister Tammam Salam said the government may be unable to pay wages next month amid a political crisis that has left the country without a president or a functioning parliament.

Russia’s Prime Minister Dmitry Medvedev said that the government and central bank were preparing measures to boost foreign currency sales in response to the weakening ruble.

United Arab Emirates stock markets slid in early trade on Sunday in response to further weakness in oil prices and the decision by Fitch Ratings to cut its outlook for Saudi Arabia’s debt because…

The iShares MSCI South Korea capped ETF, the largest exchange-traded fund tracking the country’s stocks, had the biggest weekly withdrawal since inception in 2000 amid investor concern…

Egypt’s trade balance deficit surged to EGP 25.4 billion ($3.24 billion) in May, marking a 28.7% hike from EGP 19.7 billion in the same month a year earlier, state-statistical body reported Sunday…

ASEAN dialogue partners are keen to further expand and deepen bilateral trade with the regional grouping as the creation of the ASEAN Economic Community draws near.

The second day of the…

As the political situation in Brazil appears to be reaching a state of unstable equilibrium, or more bluntly, as it is transformed from instability to impasse, the economy continues to deteriorate…

Fresh figures have revealed that despite levels of unemployment falling nationally, the benefits are failing to reach Britain’s ethnic minority communities.

French government attempts to spur economic growth by easing restrictions on the labor market have prompted fevered media speculation that France could be facing an imminent baguette shortage.

China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund…

Nepal’s balance of payments surplus reached an all-time high of Rs 144.85 billion ($1.3 billion) in fiscal 2014-15, mainly due to low growth of import, and increased flow of remittances, among…

As we are now more than halfway into the third quarter of 2015, substantial divergence still prevails around the world in terms of monetary policy and economic conditions, with certain regions…

Regional economic integration through the ASEAN Economic Community will be a key focus of the 47th ASEAN Economic Ministers’ Meeting and Related Meetings, which opened on Saturday.

Puerto Rico on Friday asked the US Supreme Court to overturn a ruling that blocks the restructuring of the commonwealth’s public agencies.

In a petition seeking the court’s review, which…

German consumers have lost some of their optimism that prevailed earlier in the year, a leading market research group has shown. Its latest sentiment barometers points downwards amid a volatile…

The world’s 400 richest people lost $182 billion this week from their collective fortunes as weak manufacturing data from China and a rout in commodities sent global markets plunging.