World Economy

UK economic growth probably accelerated in the second quarter, as consumers sustained a recovery that’s pushing Bank of England policy makers to consider the first rate increase in eight years.…

Container ships dot the horizon off the coast of Jakarta, as cranes and laborers work on an ambitious, economy-boosting project to expand the port network in the world’s largest archipelago nation…

Global equity markets dropped and copper fell to a six-year low as weaker-than-expected data from China and the eurozone exacerbated concerns over global economic growth. Oil prices…

The number of taxpayers with an income of more than one billion rubles ($17.2 million) increased in Russia by almost 6% in 2014, according to federal statistics. Ruble devaluation and government…

Sweden’s central bank has taken its main policy rate deeper into negative and uncharted territory, citing growing economic uncertainty and worries about Greece.

In the latest salvo in a…

Greece has formally requested a fresh loan from the International Monetary Fund, edging closer to a huge third international bailout.

US securities regulators set fines against two Chinese executives accused of looting formerly US-listed Puda Coal at more than $250 million.

The Securities and Exchange Commission set the…

The currencies of Brazil, Mexico, South Africa and Turkey have all crashed to multi-year lows as investors flee emerging markets and commodity prices crumble.

A further rise in the US dollar as the monetary policy gap between the United States and other major economies widens could have a significant negative impact on other countries, the International…

Asian millennials have loftier career ambitions than their global counterparts, and they’re more willing to leave home for work than their predecessors. So they’re all set for success, employment…

Plunging commodities and a stronger US dollar’s drag on earnings held stocks down this week, and investors may want to look elsewhere if the trends continue, independent investment consultant…

Proposals from a government panel reviewing monetary policy rattled Indian markets on Friday, as foreign and domestic traders said a move to increase the government’s weight in decision-making…

Hopes of a smooth recovery in Singapore’s manufacturing sector in the second half of the year may continue to be elusive as underlying growth momentum remains sluggish, NewsNow reported. Singapore…

Talks on the complex and controversial Trans Pacific Partnership are said to be nearing completion as top negotiators from 12 nations gathered Friday in Hawaii. Trade ministers will join the talks…

The deep oceans span more than half the globe and their frigid depths have long been known to contain vast, untapped deposits of prized minerals. These treasures of the abyss, however, have always…

Kevin Hjortshoj O’Rourke, a professor of economic history at the University of Oxford, says, European Monetary Union was never a good idea. “I remember my surprise when, as a young assistant…

Puerto Rico is working on ways to increase liquidity at its Government Development Bank to make a debt service payment due Aug. 1, the governor’s chief of staff said.

The GDB, which has…

The Russian rating agency is expected to start work in the fourth quarter of 2015, the Central Bank of Russia said, adding that its initial capital would be at about $52 million (3 billion rubles…

Metal prices hit multi-year lows on Friday as weaker-than-expected data from China and the eurozone raised concerns about global growth, but the US dollar rose on the prospects of a Federal…

Investment Minister Ashraf Salman said that Egypt is targeting a GDP growth rate of 4.5-4.7% in the first quarter of 2015-2016, Albawaba reported. Egypt also aims to attract $2 billion in…

India’s Ministry of Finance released late Thursday a draft regulation aimed at revamping decision-making processes at the country’s central bank, as the two institutions negotiate changes in the…

Greece’s most influential think tank warned on Thursday of a sharp drop back into recession in a report that came hours after parliament approved a second package of reform measures aimed at…

World Trade Organization members have finalized a deal to cut tariffs on a wide range of information technology products. Economists said the impact of the accord would be huge, given the sector's…

French farmers have begun removing hundreds of tractors from motorways around France’s second city Lyon, but the row over meat and dairy prices shows no sign of ending. Motorways were blocked, as…

The South African Reserve Bank’s monetary policy committee has hiked lending rates for the first time this year with the key repo rate being increased by 25 basis points to 6.0%.

This means…