World Economy

The recovery across the 19-country eurozone economy appears to be firming despite fears over a Greek debt default and exit from the euro.

South Africa’s current-account deficit narrowed more than economists estimated in the first quarter as a decline in dividend payments to foreign investors offset a slump in exports, Bloomberg…

Small- and medium-size enterprises (SMEs) in Singapore expect their sales and profits to weaken during the next two quarters, with business confidence at the lowest level since the start of 2013,…

Stocks rose around the world amid optimism Greece can strike a deal with creditors, while the euro retreated on speculation a resolution would make it easier for US policy makers to raise interest…

Dubai’s annual inflation rate rose 4.7% in May, its highest level since 2009, data showed on Sunday, Reuters said. The housing and utility costs, which account for almost 44% of consumer expenses…

The median monthly household income for Malaysians in 2014 increased by 11.7% annually to RM4,585 ($1,230.2) from RM3,626 in 2012, Yahoo News reported. The Department of Statistics Malaysia said…

Britain’s small businesses grew solidly over the last three months, according to the latest small business index from the Federation of Small Business, NewsNow reported.

Chile’s economy has not been immune to the slew of graft allegations plaguing the political and business elite which have undermined business and consumer confidence, Finance Minister…

Greece faces a critical 24 hours as European leaders hold an emergency summit that could break the deadlock around the country’s debt crisis.

Greek PM Alexis Tsipras said he hoped Greece…

The first parliamentary forum of the BRICS countries–Brazil, Russia, India, China, and South Africa–had come to a convivial conclusion in Moscow earlier this month.

“Sailing down the Moscow…

Taiwan’s unemployment fell slightly to 3.62% in May, down 0.01 percentage points from April and 0.23 points from a year earlier, government statistics showed Monday.

The jobless rate was…

Turkey’s economy minister renewed his call for lower interest rates on Monday, signaling further government pressure on the central bank a day before it is expected to keep rates on hold at its…

The International Finance Corp, the World Bank’s lender to the private sector, has started work on a return to the market for Islamic bonds, or sukuk, with plans to issue sharia-compliant debt…

South Korea’s exports are expected to contract by some 3% on-year in 2015 due to slowing global trade and falling oil prices, a state-run think tank forecast Monday.

A former Saudi official has urged Riyadh to impose taxes, saying the Persian Gulf country is facing bleak economic prospects as oil is set to deplete.

Abdul Aziz Al Dakheel, former finance…

Even after a slump last week, China’s benchmark stock index has more than doubled over the past year, but there is no sign that investors are splurging with their profits to help the sagging…

Last month marked the first anniversary of the election of oligarch Petro Poroshenko to the presidency of Ukraine. The Poroshenko regime came to power in the aftermath of a US- and German-backed…

The Bank of Japan held fire on more stimulus as it pointed to a pick-up in the economy, despite flat-lining inflation that has defied a two-year-old monetary easing program, Yonhap reported. In a…

Finland hopes to restore its trade relations with Russia amid anti-Russian sanctions imposed by the European Union, Esko Aho, Executive Chairman of the Board of East Office of Finnish Industries,…

Top US and European helicopter executives said this week that the oil price-led commercial helicopter market slump would be temporary and that they will keep investing in new technologies given…

Russian state accounts frozen in Belgium to cover a court settlement compensating shareholders in defunct oil company Yukos are in the process of being unblocked, Belgium’s foreign minister said.…

A total of 205 agreements, memorandums and contracts have been signed in the course of the three-day summit in St. Petersburg, said Anton Kobyakov, the executive secretary of…

Eurozone leaders will attend an emergency summit on Monday, hoping to thrash out a plan with Athens to provide Greece with additional funds to prevent it defaulting on its debt–but only if both…

Italian prosecutors want to indict the Bank of China’s Milan branch and almost 300 people over a money-laundering scheme.

Prosecutors in Florence allege €4.5 billion ($5.1 billion) was…

French President Francois Hollande received an appeal from a group of lawmakers including some from the ruling Socialist Party and other political figures to end the “financial blackmail” of…