World Economy

Industrial output is weakening in Brazil as business confidence declines, weighing on the price of the real.

In May, the industrial output figure came in at an annual pace of -8.8%…

Lebanon’s public finances have benefited from lower oil prices and higher revenues but remain vulnerable to domestic and external shocks and continued low economic growth according to global…

Bundesbank chief Jens Weidmann warned Angela Merkel’s cabinet that a Greek exit from the eurozone would rip billions of euros out of the German budget, German business daily Handelsblatt reported…

South Korean banks saw their mortgage lending jump by more than 9 trillion won ($8.01 billion) in June from the previous month, data showed Sunday, due to sharply increased housing transactions,…

A stronger economy would enable the Malaysian government to bring about development to every corner of the country, said Prime Minister Datuk Seri Najib Tun Razak.

Speaking on the upgrade…

With the light at the end of the TPP tunnel now in sight, the focus is once again on how exactly the Trans-Pacific Partnership agreement will create winners and losers within each of the 12 member…

China freezes share offers and sets up a market-stabilization fund, as Beijing intensifies efforts to pull stock markets out of a nose-dive that for many global investors, is worse than the Greek…

The Greek crisis appears to have so far had little impact on the eurozone economy as a whole. Economic growth in the currency bloc rose to a four-year high in June, according to the Markit…

For the (Persian) Gulf Cooperation Council member states, the focus entirely remains on oil revenues. 

Ole Hansen, Head of Commodity Strategy at Denmark’s Saxo Bank says: “The loss of…

Over the past year, the global economic environment changed markedly and in unexpected ways. Energy and commodity prices plunged. Growth in China (which accounts for about 40% of global growth)…

Credit ratings agency Fitch surprised analysts by upgrading Malaysia’s sovereign outlook to “stable” from “negative”, boosting the country’s currency and providing welcome relief to the country’s…

China’s top securities brokerages said on Saturday that they would collectively buy at least 120 billion yuan ($19.3 billion) of shares in a bid to stabilize the country’s stock markets…

The International Monetary Fund is one of the most secretive and powerful organizations in the world. They monitor the financial health of more than 185 countries… they establish global money…

Indonesia will not suffer the same fate as Greece, which is in a state of default after failing to pay its debts to institutions such as the International Monetary Fund, a finance ministry…

Bond traders in Europe have run out of time to prepare for a referendum in Greece that may send prices surging or sliding when markets reopen after the weekend, Bloomberg reported. Spanish and…

Volatility caused by the Greek crisis has knocked 2% off the value of the world’s top 100 companies, according to Ernst and Young, DW reported. The UK audit firm’s new study says German firms have…

Foreign investors bought 2.33% of all shares purchased on Saudi Arabia’s stock market in June, the first month since new rules allowed more overseas investment in the Arab world’s largest bourse,…

With a referendum on Sunday, Greeks will decide whether to accept a bailout package that will keep Greece solvent and in the eurozone. What went wrong, and how can Greece come back from the brink…

Australians could feel the pinch at the checkout as the falling dollar drives up the cost of importing goods such as electronics, clothes and cars, economists say.

The Australian dollar hit…

The International Monetary Fund believes that significant further economic progress in Pakistan is within reach. Real GDP is expected to grow by more than 4% during this and next fiscal year.

Fitch Ratings agency maintained its relatively high rating for Russia on July 3 but said worsening tensions with the West darken the outlook for its economy.

Japan said on Saturday it would extend around $6 billion in development aid to Mekong region countries, as China prepares to launch a new institutional lender seen as encroaching on…

British firms have predicted that the economy should sustain a “solid” pace of growth for the rest of the year thanks to lower oil prices and inflation, NewsNow reported. “Despite an easing in…

Supporters of Greece's bailout terms have taken a wafer-thin lead over the "No" vote backed by the leftist government, a poll showed.

The BBC is to cut 1,000 jobs because of a £150 million ($234.2 million) budget gap in its license fee income, BBC reported. An unexpected increase in the number of households saying they do not…