World Economy

Now that the US Congress has voted to give President Barack Obama “fast track” authority, it seems likely that negotiations to wrap up the 12-nation Trans-Pacific Partnership (TPP) should move…

China’s soft economic data belie the “broad-based recovery” that has taken place during the second quarter in world’s number two economy, the latest China Beige Book report has claimed.

The…

On an average, about 30% of the potential value of public investment is lost to inefficiencies in the investment process, and closing this efficiency gap could substantially increase the economic…

Greek Prime Minister Alexis Tsipras called a referendum on austerity demands from foreign creditors on Saturday, rejecting an "ultimatum" from lenders and putting a deal that could determine…

Global foreign direct investment declined in 2014. That’s according to the latest edition of the World Investment Report, CCTV reported. The report published by the UN Conference on Trade and…

PTT PCL, Thailand’s largest energy firm, has reviewed its strategy and spending for this year and will cut its 2015 investment plan by 28% to reflect changes in global economic conditions, Reuters…

South Korea announced a $13 billion stimulus package to revive the MERS-hit economy. The government package includes a supplementary budget and a cut in the growth forecast, CCTV reported. Finance…

Vietnam’s gross domestic product grew 6.28% over the first six months, the highest rate since 2010, Thanh Nien News website quoted the General Statistics Office of Vietnam as saying. The sector of…

The Russian economy contracted more than expected in May, increasing the likelihood of further rate cuts by the world’s ninth largest economy, while the ruble fell to a 11-day low against the…

China’s central bank cut its benchmark lending rate to a record low and lowered reserve-requirement ratios for some lenders after stocks plunged and local government bond sales drained liquidity…

The Reserve Bank of India Governor Dr. Raghuram Rajan has asked central banks from across the world to define “new rules of the game” as he warned that the global economy may be slipping into…

The International Monetary Fund (IMF) approved the release of a $506 million loan tranche for Pakistan, the IMF said in a statement.

The Executive Board of the IMF …

In a speech to the International Trade Center joint advisory group Friday, Director-General Roberto Azevedo said that the WTO shares with the ITC—and the UN Conference on Trade and Development—“…

Japan’s economy is slowing to a halt this quarter, JPMorgan Chase & Co. said Friday, cutting its growth estimate on a drag from trade and weaker-than-expected consumer spending.

Chinese stocks plunged, heading for the biggest two-week loss in more than 18 years. European equity-index futures dropped, while bonds from Spain and Italy slipped ahead of last-ditch talks…

Representatives of the European Commission and of the Romanian government have failed to reach an agreement over the changes brought to the fiscal code, according to Mediafax.

In this…

The dangers posed to the global economy and the entire financial system by the growth of financial parasitism, in which investment in productive capacity is increasingly replaced by various forms…

Goodyear Tire & Rubber Co, a leading tire maker in the United States, said it would shut down its Wolverhampton, England manufacturing plant and transfer production to Europe, the Middle East…

Germany may lose up to 9 billion euros ($10 billion) in export revenue over sanctions against Russia in 2015, the head of the Eastern Committee of German Economy…

French Interior Minister Bernard Cazeneuve has assured that low-cost car service UberPop will be closed, DW reported. A violent taxi drivers’ protest drew strong criticism from the French…

One week after Saudi Arabia opened its stock market to direct foreign investment, US mutual fund managers said they are interested but not rushing to invest in the Middle East’s biggest economy,…

Vietnam domestic consumers are more confident about the economy and their personal finances, an ANZ Bank report dated June 24 said, Vietnam News Service reported. The ANZ-Roy Morgan Vietnam…

Although the number of foreign direct investments fell by 8.4% in 2014, capital investment into Africa surged to $128 billion, a year-on-year increase of 136%, according to the recently released…

China is expected to become the world’s biggest overseas investor by 2020. Beijing’s global offshore assets will likely triple from $6.4 trillion, to more than $20 trillion by then, a report says…

Greek Prime Minister Alexis Tsipras told the leaders of France and Germany on Friday that his government does not understand the insistence of the country’s creditors on harsh budget austerity…