World Economy

Japan needs an economic injection of as much as ¥3.5 trillion ($28 billion) to shore up consumption and stave off further economic contraction, said Etsuro Honda, an economic adviser to Prime…

A law guaranteeing that Qatar’s migrant workers get paid on time will come into force in November, legal and media sources claimed Tuesday, amid major confusion over its start date.

Lawmakers in Spain have voted to ratify a third financial bailout for Greece. Germany also approved the bailout late Wednesday, despite many members of Chancellor Merkel’s conservatives were…

ASEAN’s real Gross Domestic Product grew 4.6% to reach $2.57 trillion in 2014.

The sustained growth in GDP led to an increase in the GDP per capita from $3,908 in 2013 to $4,130 in 2014,…

In business since the 1960s, Karim al-Aboudi’s family has seen Iraq’s economy boom with oil wealth and bust through wars and the 2003 US-led invasion, but today marks the worst downturn he’s seen…

The recent action taken by the UAE to eliminate fuel subsidies has rekindled the debate on tax reform in the (Persian) Gulf Cooperation Council, with the focus on domestic implementation of a…

The EU’s circular economy package can deliver more jobs and a better deal for customers, but only if it improves design standards and promotes demand for reused products and recycled materials,…

Four private banks with friendly ties with the Kremlin are emerging as big winners from Russia’s economic crisis, helping out dollar-starved companies at a time when large state…

Fiscal austerity has become such a staple of conventional wisdom in Britain that anyone in public life who challenges it is written off as a dangerous leftist.

Malaysia is paying the price for weak foreign currency holdings and messy politics as the cost to protect its debt soars to near a four-year high. UBS Group AG predicts even more pain ahead.

Finance ministers of South Asian Association for Regional Cooperation countries are likely to announce a SAARC Development Bank to further boost economic cooperation, integrate regional economies…

Annual consumer price inflation in Kuwait rose to 2.2% in June, though there were indications that pressures have eased in the last three months, AMEinfo reported. The report issued by the…

Euro fell sharply, extending its recent losing streak to five, ahead of the release of the Federal Open Market Committee’s minutes from its July meeting on Wednesday afternoon, Investing.com…

South Africa’s rand steadied against the dollar on Wednesday after touching fresh 14-year lows the previous day, but traders expected weak local economic fundamentals and concerns about China’s…

Economic growth in Saudi Arabia is set to slow this year and next as the government is forced to reduce spending to compensate for lower oil prices, the International Monetary Fund said, Fuelfix…

Something has gone badly wrong in the emerging economies that were supposed to be shaping, even dominating, the future of the world. The search for culprits is under way: commodity prices,…

Spain’s jobless rate could fall to around 20% by the fourth quarter of 2016, the head of the Bank of Spain said on Tuesday, though he warned that tight spending policies must be maintained to…

British consumer price inflation was a smidgen stronger in July than analysts had expected, coming in at +0.1% year-on-year, Business Insider reported. Core prices, which strip out the effects of…

Vietnam’s trade deficit with China saw a year-on-year increase of 30.2% in the first seven months, hitting $19.4 billion, local media reported, citing a report by the Vietnam Customs as saying,…

Trading the world’s most widely used currency pair has become a thankless chore for investors.

The dollar has been hovering around its short- and medium-term averages against the euro–near…

If all goes according to plan, Greece is set to receive the first chunk of its third bailout on Thursday. The package, worth up to €86 billion ($96 billion), will help the country avoid an…

Economic sabotage is being used as a very powerful weapon to attack Malaysia and undermine the credibility of the government, Communications and Multimedia Minister, Dr Salleh Said Keruak said…

Chinese shares lurched lower in late-trading on Tuesday, depressing Asian stock markets which succumbed to nerves over the possibility of a falling yuan and a deadly bomb explosion in Thailand.

Australia and New Zealand Banking Group boss Mike Smith says the bank can’t count on improving credit quality to boost its profitability from here on in, as tough economic conditions lead it to…

President Muhammadu Buhari says his administration will gladly reverse or abandon some inherited economic policies, if doing so will lead to the creation of more jobs for Nigerians.