French President Francois Hollande called for the creation of a eurozone government and for citizens to renew their faith in the European project, which has been weakened by the Greek crisis.
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The extent of the massive government intervention to halt the plunge in the Chinese stock market was revealed last week by figures showing that major state-owned banks have made available more…
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For the state of Russia’s finances, consider places like Chukotka, the territory separated from Alaska by a narrow strait.
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The Organization for Economic Cooperation and Development has urged South Africa to increase taxes on the wealthy, tighten up on corporate and personal tax allowances and broaden the valued-added…
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The South Korean government will offer tax incentives and encourage companies to adopt a wage peak system to help young people find jobs, the country’s top economic policymaker said Monday, Yonhap…
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Rolls-Royce said that it had been selected by Saudi Arabian airline Saudia to provide engine maintenance and servicing for its Trent 700 engines on 20 A330 aircraft under a long-term contract…
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Gold prices have fallen to their lowest level in five years, principally due to a strengthening dollar and receding fears over Greece, NewsTalk reported. The spot price of gold, often used by…
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The Nasdaq Composite Index rose to an all-time high for a second day after Google Inc. jumped on better-than-estimated earnings, while a decline in energy shares muted gains in the Standard…
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On July 20, the United States and Cuba will formally restore diplomatic relations. It ends decades of attempts by Washington to isolate the Caribbean nation internationally. It’s taken seven…
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Chinese and Japanese home appliance manufacturers are sharpening their focus on the Philippines, where demand for durable goods is expected to surge.
China’s Haier Group will introduce its…
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China’s state-owned enterprises are the backbone of the economy and the government must “avoid the blindness of the market” even as it pursues reform, President Xi Jinping said in remarks…
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Greece avoided a catastrophic exit from the euro with this week’s bailout deal, but there’s still plenty more pain to come.
Shattered business confidence, a three-week bank shutdown…
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Germany and China have agreed to intensify cooperation on digitization of industrial processes, or Industry 4.0. That entails risks to German industry, since the two countries are destined to…
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Brazil’s economy shed a net 111,199 payroll jobs in June, the labor ministry said on Friday, as Latin America’s largest country heads towards a prolonged recession, Reuters reported.…
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The National Institution for Transforming India Aayog vice-chairman Arvind Panagariya is confident that India can be an $8-trillion economy within the next 15 years or even less if it continues…
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Bahrain’s economy is expected to grow by at least 4% this year despite global financial challenges and declining oil prices, said a top banking executive, TradeArabia reported. Non-oil sectors…
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If the latest update of the consumer price index is anything to go by, then it may be correct to say that Nigerians had better brace up for the inevitable increase in the prices of staple foods,…
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Turbulent economic times are making New Zealand voters nervous with a majority of people surveyed in the latest OneNews poll seeing little likelihood that the economy will improve over the next 12…
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On June 19, leaders of the two largest construction firms in Brazil, Marcelo Odebrecht of Odebrecht SA and Otavio Marquez Azevedo of Andrade Gutierrez, were arrested as part of an extensive…
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Just over a year into the Petro Poroshenko’s presidency and the fog of uncertainty governs almost every facet of Ukrainian life. Even Poroshenko himself has bluntly expressed frustration at his…
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North Korea’s economy grew by 1.0% in 2014, according to South Korea’s Central bank. This is 0.1% less than in 2013, but is still 0.1% more than that of the Eurozone in the last year.
North…
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The probability of Puerto Rico defaulting on its securities is approaching 100%, Moody’s rating agency said, adding that the more legally vulnerable bonds carry the greatest potential for loss,…
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US producer prices rose more than expected in June as the cost of gasoline and a range of other goods rose, indicating the recent oil-driven downward spiral in prices was abating.
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US Treasuries rose with stocks while the US dollar fell after an unexpected drop in US retail sales damped optimism in the world’s largest economy, leaving room for the federal reserve to…
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Japan’s central bank on Wednesday cut its annual growth and inflation forecasts for the world’s third-largest economy, with analysts warning weaknesses remained and the downgrade hinted at a…
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