World Economy

Germany’s year of rail strikes appears to have come to an end. Former Brandenburg state premier Matthias Platzeck has announced that Deutsche Bahn reached an agreement with the train drivers’…

South African bonds were stable at stronger levels on Wednesday morning with little data due on the day that could sway the market, Dow Jones reported. At 8.20 a.m., the benchmark R186 ($15.26)…

European and US equity-index futures climbed with Asian stocks after global shares capped their first quarterly decline since September, while Malaysia’s ringgit jumped. The euro retreated after…

Almost lost by the wave of responses to the US Supreme Court’s decisions last week upholding the Affordable Care Act was the significance of the court’s third decision–on housing discrimination.…

Manufacturing firms’ business confidence in South Korea has dipped to the lowest level in more than six years, hit by the outbreak of Middle East respiratory syndrome, data from the central bank…

As the risk of Greece leaving the eurozone looms larger, Chinese companies are making tentative assessments of potential buying opportunities in the country, according to banking sources.

The head of the European Commission made a last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before a referendum on Sunday which EU…

Finance Minister Bambang Brodjonegoro said that despite the current global economic situation, Indonesia’s economy could grow by 4.7%, and this was still much higher than other countries.

South Africa’s youth grew more discouraged from seeking work as the unemployment rate among young people has remained stubbornly high, BDLive reported. Data released on Monday by Stats SA for the…

British consumer morale surged to its highest in over 15 years this month as shoppers said they were ready to spend, a survey showed on Tuesday, adding to signs that growth is picking up after a…

Italy’s monthly unemployment rate remained unchanged unexpectedly in the last quarter, official data showed on Tuesday, Investigating.com reported. In a report, Istat said that Italian monthly…

France’s public debt jumped in the first quarter of the year, driven higher by social security and central state spending, Dow Jones reported. France’s public debt burden rose €51.6 billion ($57.2…

Puerto Rico’s governor called for the commonwealth to be allowed to restructure its debts under US bankruptcy code, while a newly appointed adviser to the US territory said it is “insolvent” and…

Eurozone inflation softened in June, moving away from the European Central Bank’s target as energy costs weakened and the price rises of food and services eased after a spike in May.

The…

The global economy is undergoing profound change. Confronted with this, Europe and Asia joint building of the ‘Belt and Road’ initiative will contribute to the development of a large integrated…

Canadian economic growth unexpectedly edged down in April, hurt by a decline in activity in the mining and oil and gas extraction industry, data from Statistics Canada showed on Tuesday, boding…

As one of the most indebted countries in the developed world, the crisis unfolding in Greece is causing a moment of self-reflection for Japan.

But policymakers and economic advisers in…

According to data released by the Turkish Statistical Institute (TUIK) on Tuesday, Turkey’s exports decreased by 18.8% to $11.11 billion and its imports fell by 14.4% to 17.86 billion in May 2015…

Saudi Arabia’s foreign-reserve assets fell for a fourth month to about $672 billion as the country grapples with lower oil prices and the cost of the war in Yemen, though the pace of the drop did…

The cooperation between China and the European Union, which has gone through an impressive development, can offer the powerful thrust the world’s economy needs at present as major economies are…

China will have veto power in its $100 billion Asian Infrastructure Investment Bank. With 26.06% of voting rights in the Beijing-based lender, according to the articles of agreement …

Britain’s manufacturers are planning to invest across a range of areas in the next two years in an effort to boost productivity, according to a survey released today by EEF, the manufacturers’…

Political turmoil in Poland isn’t stopping Asian investors from boosting holdings in the country’s debt. They bought more zloty bonds in the past two months even as a surprise presidential victory…

It is now a commonplace to refer to the 21st century as the Asian Century. With the world economy struggling to recover from the global financial crisis, the Asia-Pacific region, and especially…

European index futures plunged and the euro retreated, while treasuries and German bunds surged as the collapse of Greek rescue talks roiled global markets, Bloomberg reported. Chinese shares…