World Economy

Foreign direct investment into Pakistan declined 46.8% to $803.2 million in the eleven months of the current fiscal year 2014/15 compared with $1.50 billion in the corresponding period of last…

Australia and China signed a free trade agreement Wednesday, lifting most bilateral import tariffs following a decade of negotiations, media reports said, dpa reported. "What you have collectively…

European shares hit a near four-month low and yields on lower-rated eurozone sovereign debt climbed to their highest point since November, as financial markets braced for the possibility…

Bank of Japan policymakers may debate the potential demerits of further yen declines at their rate review on Friday, suggesting that growing political concern over excessive yen weakness could…

The strong Swiss franc and uncertainty over the Greek credit crisis have caused the Swiss government to lower its growth forecast for 2015-16, Swissinfo reported. It says the economy remains…

The euro remained under pressure on Tuesday as talks between Greece and its international creditors remained deadlocked and as investors remained cautious ahead of Wednesday’s monetary policy…

China and Australia will sign a long-awaited free-trade agreement on June 17, as the nations look to boost their already strong trade relationship.

Australia’s Trade Minister Andrew Robb…

The International Labor Organization has adopted a new international labor standard  that is expected to help hundreds of millions of workers and economic units move out of…

The gap between the rich and the poor is at its widest in decades in advanced countries, and inequality is also rising in major emerging markets.  It is becoming increasingly clear that these…

German economic sentiment slumped to a seven-month low in June, a sign that the economic upswing in Europe’s largest economy is losing momentum.

Sri Lanka’s gross domestic product grew 6.4% in the first quarter of 2015 with the agriculture sector growing 0.7%, industries 6.5% and services 7.5%, the country’s official website News.lt…

India’s exports fell for a sixth straight month, the longest losing streak since 2009, weakening the rupee and boosting pressure on Prime Minister Narendra Modi to spur demand in Asia’s third-…

Asian shares extended their selloff on Tuesday, as Greece’s debt talks and the upcoming two-day Federal Reserve meeting sapped risk appetite.

Overnight, Wall Street handed down an…

There is a call for ‘resilience’, as Scotland becomes the only part of the UK to report a negative business confidence score for the latest quarter of 2015.

Scottish businesses recorded a…

Britain’s brief flirtation with negative inflation came to an abrupt end last month, according to a Reuters poll of economists, with official figures expected to show prices started rising again…

Private financial wealth in the Asia-Pacific region (excluding Japan) overtook Europe's last year as China minted a million new millionaires, according to a study by The Boston Consulting Group.…

Is the US on the cusp of a new recession? The latest numbers on industrial production suggest that business-cycle risk is rising. Why, then, no confirming signals from other key indicators are…

Indonesia exports continue to drop in May with little sign of improvement in the future as the Central Statistics Agency (BPS) predicts less trade surplus later this year, NewsNow reported.…

South Korea posted a trade surplus for the 40th month in a row in May as imports dropped at a faster pace than exports, customs data showed Monday.

According to the data by the Korea…

Francisco Xavier emerges from a payday loan shop, his brow more furrowed with worry than when he entered. His loan request was denied, and he has no idea how he is going to pay out-of-control…

The European Court of Justice is set to rule on the legality of the European Central Bank’s “Outright Monetary Transactions” program. What is that, and why does it matter? A story of bond markets…

Bureaucracy in the government system is crippling the growth of the national economy, highlighted Bahraini businessmen.

They stressed the need to tackle the ‘red tape’ at the major…

Southeast Asian stock markets fell on Monday, with the Indonesian benchmark sliding to a near one-week low and Singapore down after three sessions of gains, as concerns about failed Greek debt…

The G20 or the group of twenty is a forum where policymakers of industrialized and developing economies meet to discuss key issues in the global economy. The G20 countries account for 85% of…

A report by the ICAEW “downgrades the growth forecast for the UK from 2.4% to 2.3% this year and forecasts GDP per worker will grow just 0.8% in 2015.”