World Economy

Turkish President Recep Tayyip Erdogan has underlined during a visit to Beijing that even though China is Turkey's third biggest trade partner, Ankara has a long way to go for that trade volume to…

China recorded a service trade deficit of $14.9 billion in June, down from $18.3 billion in May, official data showed Friday, MarketWatch reported. For the first six months of the year, the…

The US economy and job market continue to strengthen, the Federal Reserve said, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September,…

It is unlikely that the National Bank of Hungary will start raising its record-low key policy rate before 2017, analysts at J.P. Morgan said in a research note, Portfolio reported. They project…

India is set to increase the amount of capital it will infuse into public sector banks to $1.9 billion this year, as the first step in reforms to boost performance and tackle worsening bad debts…

To align better with partners, the US has ordered additional sanctions on accused belligerents in Ukraine’s civil war. A year after the downing of MH17, Ukraine’s foreign minister says he will…

Greek Prime Minister Alexis Tsipras may have lost the war over his country’s third bailout, but there could be fresh hope he will win the peace. Tired of its fellow creditors in Europe…

The Swiss National Bank has reported a record half-year loss. The lender said the sharp drop was mainly attributable to its strong national currency after a move to scrap the franc’s cap against…

The agreement on the BRICS $100 billion currency reserve pool came into force Thursday. The fund was set up by the developing nations group to protect their national currencies from volatility in…

The Central Bank of Russia has cut the key interest rate from 11.5% to 11%. Even though there is a slight increase in inflation risks, the CBR says economic growth is a priority. It is the fifth…

Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall, its longest retreat since 1999, after upbeat US economic data strengthened expectations for a…

Asian stocks rose as investors weighed earnings reports in Japan ahead of manufacturing data that may provide a clue to the strength of China’s economic growth.

Retail sales in South Korea shrank the most in more than four years in the aftermath of the outbreak of Middle East Respiratory Syndrome (MERS), a government report showed Friday.

Finance and Economic Development Minister Patrick Chinamasa has trimmed forecast for economic growth for this year, taking into account poor performance of agriculture.

He also said price…

Spain’s economy grew at its fastest rate since 2007 in the second quarter with more growth expected ahead, although the pace of recovery may flag as the effect of supportive cheap money and low…

Thai property developers are raising record funds in the domestic bond market to finance high-end residential projects in a stumbling economy that appears to have hurt all but the affluent.

SpiceJet Ltd. is in talks with Boeing Co. and Airbus Group SE to buy more than 100 single-aisle jets worth about $11 billion at list prices, in what would be the Indian budget carrier’s largest-…

Global Logistic Properties Ltd. agreed to buy more than 200 warehouses from Industrial Income Trust Inc. for $4.55 billion in a deal that will make it the second-largest owner of US industrial…

General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish…

Microsoft Corp will launch its much-awaited Windows 10 operating system at midnight on Wednesday.

Windows 10, which comes almost three years after the launch of the company’s last operating…

The Bank of England may consider using stress tests of differing severity to assess the resilience of the financial system as economic booms turn to busts, said Deputy Governor Jon Cunliffe.

The London Metal Exchange on Tuesday started accepting yuan as collateral against contracts after getting permission from the Bank of England.

Russia will demonstrate the potential of the industry, finance and energy sectors at the Euro Asia Economic Forum, Vice Mayor of Xi’an [Central China] Li Jing told TASS on Wednesday. “EAEF will be…

China’s shares ended higher Wednesday as officials stepped up efforts to calm markets, while other Asian shares were roughly flat, with focus shifting to corporate earnings and the Federal Reserve…

In a report issued Tuesday, Moody’s Investors Service said Sri Lanka’s B1 government rating is supported by its record of strong growth, but constrained by high government debt ratios.