World Economy

The European Union has expressed interest to further enhance cooperation with ASEAN, saying the relationship could be beyond the economic and trade ties currently established.

Russia’s services sector returned to expansion in July as new businesses grew at the fastest pace in 20 months, a Markit survey of purchasing managers showed Wednesday, Dow Jones reported. The…

Egypt is to unveil a major extension of the Suez Canal on Thursday, a mega-project that has emerged as a cornerstone of President Abdel-Fattah el-Sissi’s efforts to restore national pride and…

The US territory of Puerto Rico has defaulted on a bond payment, according to ratings firm Moody’s, DW reported. The Caribbean island had been struggling with a debt crisis. The Government…

The World Bank has unveiled a set of new social and environmental rules for its 188 member nations to receive financial assistance.

Donald Trump vows to bring back the millions of American jobs lost to China and other foreign competitors if voters put him in the White House.

Economists say he wouldn’t stand a chance:…

The end to a ceasefire with Kurdish rebels and political uncertainty after inconclusive June elections are compounding already mounting problems for Turkey’s stuttering economy, analysts say.

The International Monetary Fund has said there will be no quick decision as to whether it may include the Chinese yuan in its strategic basket of reserve currencies. The renminbi struggles to meet…

Manufacturing growth in Britain continued in the three months to July, but exports are set to weaken, according to the latest CBI Quarterly Industrial Trends Survey, NewsNow reported. The survey…

The Bank of Thailand kept its benchmark one-day repurchase rate at 1.5% on Wednesday, citing the effect of recent monetary policy easing and the depreciation of the country’s currency, the baht,…

The Peruvian government-designed structural reforms, such as simplifying public investment processes, promoting innovation and diversifying exports, are “steps in the right direction,” the…

As Singapore celebrates its 50th birthday, the journey ahead looks set to get harder, making the economic transition that the government has embarked on critical for the Republic, said Manpower…

China has been hit by a series of disappointing economic results with factory activity contracting the most in two years. New orders fell dashing hopes that the world’s second-largest economy may…

Analysts at ratings agency Standard & Poor’s have lowered their economic forecast for the EU from “stable” to “negative”, over fears of a Greek default and a possible UK exit from the union.…

Greece’s banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down in a graphic illustration of the country’s financial and economic woes.

Top public sector lender State Bank of India on Tuesday ruled out any interest rate cut for its borrowers, even as the Reserve Bank of India chided banks for not having passed the…

After more than two years of intense negotiations, the UN’s 193 member states have unanimously agreed on a new Sustainable Development Agenda with 17 goals—including the elimination of extreme…

Despite July’s manufacturing data pointing to weak global growth, Capital Economics expects the global economic growth to hold up fairly well over the rest of the year as China’s growth pace…

US Secretary of State John Kerry said on Tuesday “good progress” was made toward a 12-nation Trans-Pacific trade deal last week, even though negotiators failed to reach an accord in marathon talks…

For four years Samsung Electronics Co Ltd has basked in the success of its Galaxy smartphones, making billions of dollars competing with Apple Inc in the premium mobile market.

When a major highway bridge in California collapsed last month, the impact on the entire southwestern United States once again highlighted the country’s serious infrastructure problem. Indeed…

An analysis carried out by the Swedish newspaper Dagbladet found that Sweden has lost 1.5 billion kronor ($173 million) in exports to Russia as a result of the western imposition of sanctions…

As the Paris climate conference draws ever nearer, and with it the prospect of a global agreement that all countries will cut greenhouse gas emissions, Europe can look on its…

Japan’s monetary base rose to a record for the 12th straight month at the end of July, NHK reported. Bank of Japan officials say the figure topped ¥325.7 trillion ($2.6 trillion). That’s a gain of…

Greece’s stock market reopened after five weeks to the most savage wave of selling in decades, underlining a crisis that has crippled the economy and pushed the country’s euro membership to the…