World Economy

Saudi Arabia withdrew 244 billion riyals ($65.1 billion) from its general monetary reserve during the first five months of 2015, a Saudi official said.

The “Belt and Road” initiative, a development strategy proposed by China, will inject fresh impetus into economic cooperation among members of the Shanghai Cooperation Organization.

The…

Industrial development is the key source of sustaining economic growth for the BRICS nations, with concerted efforts needed for intensifying cooperation of industrial production capabilities,…

In an 11th-hour bid to stay in the euro, the government of Greek Prime Minister Alexis Tsipras offered to meet most of the demands made by creditors in exchange for a bailout of €53.5 billion ($59…

Turkey’s current-account deficit widened to $3.99 billion in May from $3.65 billion in the same month last year, as imports rose faster than exports, the Turkish central bank said Friday, Dow…

Britain’s trade in goods deficit narrowed to its lowest level in nearly two years in May, pushed down by a fall in imports including ships, but April’s deficit was revised higher.

Nissan Motor Corporation, which is the biggest Japanese automaker in terms of car sales in China, stated that it is paying close attention to the equities rout there since a recent plunge in the…

 As of June 20, investors in the ASEAN region poured $54.6 billion into 2,632 projects in Vietnam, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

The…

Unemployment in Latin America’s largest economy climbed to 8.1% during the March-May rolling quarter, the Brazilian Institute for Geography and Statistics said Thursday, Bernama reported. The…

Ireland is being warned that EU rules could be hampering essential investment.

In its latest quarterly Economic Outlook, business group IBEC says the economy is performing well, with a…

The International Monetary Fund trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States.

But the global…

Global food prices fell in June, continuing an almost uninterrupted slide since April 2014, led by falling dairy and sugar prices, the United Nations food agency said on Thursday.

The German market was firmly in positive territory on Thursday, as optimism reigned about a deal between Greece and its international creditors, after the Mediterranean nation promised to…

UBS Group AG and Morgan Stanley increased the assets they manage for the world’s wealthiest people to more than $2 trillion for the first time, according to a study.

Britain will introduce a new, compulsory National Living Wage for workers aged over 25 which will rise steadily between its introduction next April and 2020, Finance Minister George Osborne said…

China’s benchmark stock index tumbled to a three-month low as another round of government support measures failed to allay concern that margin trades will keep unwinding at a record pace.

The French economy is expected to grow at a slower pace in the second quarter than previously forecast, a survey by the Bank of France showed Wednesday, Dow Jones reported. The eurozone’s second-…

Turkey’s industrial production growth slowed at a faster-than-expected pace in May, figures from the Turkish Statistical Institute showed Wednesday, RTT reported. Industrial production climbed a…

The team at BNZ research, sees easing potential by the Reserve Bank of New Zealand ahead in September, but also cautions against a possible upside move towards 0.70 in NZD/USD if the short…

Hong Kong Exchanges and Clearing Ltd. is in danger of losing its rank as the world’s most valuable bourse operator as shares head for the longest losing streak on record, Bloomberg reported. HKEx…

It could be difficult for the Bank of Japan to taper its record monetary stimulus before a planned sales-tax hike in 2017 and the government may need to compile a ¥2.5 trillion ($20 billion)…

The fallout of a Greek exit from the euro could wipe out as much as $1.4 trillion in future mergers and acquisitions, according to a study by law firm Baker & McKenzie.

The Federal Reserve is the most optimistic. The Bank of Japan made the biggest mistake. The Bank of Canada is the most accurate, but it’s got the easiest job.

A cyber attack which shuts down parts of the United States’ power grid could cost as much as $1 trillion to the US economy, according to a report published on Wednesday.

Company executives…

Tanzania’s economic performance under the program supported by the Policy Support Instrument has remained strong and medium-term prospects were favorable, Zhu deputy managing director and acting…