World Economy

China’s GDP growth likely slowed further in the second quarter, an AFP survey has found, as a slowdown in investment and trade weighed on the world’s second-largest economy.

The…

Real growth in Bahrain’s construction industry is on track to average 3.6% up to 2018, buoyed by government investment in infrastructure and social housing, a report said, TradeArabia reported.…

Canada’s unemployment rate was unchanged at 6.8% for the fifth consecutive month in June, the national statistics office said, beating analyst expectations of a slight increase of 0.1%, NewsNow…

Brazil’s fast deteriorating economy has some economists projecting the country won’t meet its 2015 primary surplus target of 1.1% of GDP, Dow Jones reported. Speculation is rising that the…

Countries need not to be alarmed by an expanding Shanghai Cooperation Organization, for a bigger SCO will play a bigger role in helping preserve global stability and prosperity.

A summit of all European Union members planned for Sunday has been cancelled as "very difficult" talks over a third bailout deal for Greece continue.

Eurozone finance ministers adjourned…

The construction equipment market in the Asia-Pacific region is expected to reach $105.6 billion over the next five years, registering a compound annual growth rate of 10.4%, according to a report…

Puerto Rico is drowning in debt and its people are feeling the sting of economic crisis. People in this US island in the Caribbean are seeing their work hours reduced, AFP reported. Sales at…

Latvia, with a stable A3, benefits from improved economic growth on the back of structural reforms, as well as reduced banking sector risk, says Moody’s Investors Service in a report published…

China’s stock market rout has wiped more than $3 trillion from share valuations, generating terrifying headlines and fears over consumer confidence, but analysts say the impact on growth in the…

Prime Minister David Cameron is seeking a British exemption from European Union employment laws as part of his push to gain more autonomy from Brussels.

Although Canada is in a likely technical recession—defined as two consecutive quarters of negative growth—it’s a recession that is contained, says former budget watchdog Kevin Page, CBCNews…

The country’s sale of bonds worth SR15 billion ($4 billion) to local banks this year was welcomed by Riyadh-based economists as a strategic move that could reshape its financial markets.

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Robots are serving customers in Japanese department stores and banks, as well as building advanced machines for the nation’s manufacturers. Has the future already arrived in Japan, or is the “…

Brazil raised the rate of return on new highway concessions and will do the same for other infrastructure projects to woo much-needed investment into the sluggish economy, a senior government…

Federal Reserve Chairwoman Janet Yellen said she saw signs the economy was improving and said she expects a rate hike to be needed this year.

“I expect that it will be appropriate at some…

Turkey’s Central Bank reports that $8.9 billion of shadow money have entered the country in the first five months of 2015, closing down half the account deficit which stood at $18 billion in the…

A poll has found almost half of the people of Thailand felt the economy was getting worse while 38% believed it was as bad as it always was. Only 19.5% felt the economy is getting better. Some 63…

While the Federal Reserve tries to soothe investors’ fears, new indications suggest the US economy is already in a recession and could be on the verge of an economic collapse in 2015.

China’s push for the adoption of a super-sovereign reserve currency points to a possible larger role for IMF’s Special Drawing Rights.

The current international monetary system is a…

European Union and the International Monetary Fund officials have given eurozone governments a positive assessment of Greece's request for a new bailout, a source close to the matter said, making…

The International Monetary Fund slashed its 2015 economic growth outlook for the Philippines to 6.2% from 6.7% after revising downwards its forecast for global growth amid the slow US economic…

Paris made a surprise comeback on the European stage this week. As the crisis over Greece approaches a decisive moment, President Francois Hollande has presented himself as a potential…

French industrial production rebounded in May after a sharp drop in April and zero growth in March, data showed Friday, Dow Jones reported. Industrial production in the eurozone’s second largest…

Gold prices edged higher in Europe on Friday, as demand for the dollar weakened after Thursday’s downbeat US jobless claims data and as hopes for a solution to the Greek debt crisis dampened…