World Economy

Gold prices tumbled for a third consecutive week, with the precious metal off by another 1.8% to trade at $1169 ahead of the New York close on Friday. Investing.com reported. The sell-off in gold…

The Muslim fasting month is traditionally a time of plenty in Indonesia: shoppers throng Jakarta’s markets snapping up gifts to exchange at extravagant fast-breaking celebrations,…

European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors’ demands far more than halfway. Yet Germany and Greece’s other creditors…

What is good for Bangladesh is good for India. The government is extending a $2-billion line of credit to Dhaka which is expected to create 50,000 jobs in India and provide a big boost to the '…

Leaders from the Group of Seven ( G7 ) industrial nations meet on Sunday in the Bavarian Alps for a summit overshadowed by Greece's debt crisis and ongoing violence in Ukraine.

A new ruling by a US judge has increased the total Argentina owes holdout bondholders to $5.2 billion — a massive responsibility that if upheld likely will fall to the next government, experts…

China’s slowing economy has many investors worried – they shouldn’t be. China’s slew of capital markets reforms offer foreign investors a host of new opportunities, Global Risks Insight reported.…

Hungary has become the first European country to sign a cooperation agreement for China’s new “Silk Road” initiative to develop trade and transport infrastructure across Asia and beyond, China’s…

Mauritius has regained the position as top source of foreign direct investment (FDI) into India by pushing Singapore to the second slot in 2014-15.

Mauritius accounted for about 29 percent…

Libya’s public finances, wracked by a dramatic loss in oil revenue that has been exacerbated by a power struggle between rival governments, are foundering.

The crisis has prompted the…

Fitch Ratings has downgraded Bahrain’s long-term foreign currency issuer default rating (IDR) to ‘BBB-’ from ‘BBB’ and long-term local currency IDR to ‘BBB’ from ‘BBB+’. The outlooks are stable.…

Britain’s regulators will unveil plans on Wednesday that aim to clean up behavior in the financial markets, where banks have been fined billions of pounds for trying to rig currencies and…

Businesses with employees who work shifts, receive allowances or earn commission could be facing up to a costly holiday pay bill this summer as recent European case law on the calculation of…

“The strong dollar is killing us. We’ve heard all kinds of valid reasons for the sharp slowdown in the economy over the past six months: the weather, the port strike, the caution of consumers, the…

Russia’s Economy Ministry expects gross domestic product to shrink by 2.5-2.8 percent in 2015, Economy Minister Alexei Ulyukayev said on Saturday.

“This year as a whole…

Group of Seven leaders gather from Sunday in a luxurious German venue handpicked by Chancellor Angela Merkel, an expensive hotel with a fairytale setting and a tumultuous past. The total cost…

Over 400 robots work in Hyundai’s Sriperumbudur factory. The largest car exporter from India has invested Rs 6 billion ($93.5 million) since 2010 in its plant, Rediff reported. Some tasks like…

Greek Prime Minister Alexis Tsipras said the country was close to a default-saving reform deal but called on EU-IMF creditors to withdraw “absurd” demands for further austerity cuts after ducking…

The International Monetary Fund (IMF) said it was preparing $833 million in emergency financial assistance to Iraq as the country battles the Islamic State insurgency, AFP reported. The IMF said a…

Deutsche Bank AG is looking into possible money laundering transactions by some of its clients in Russia which could exceed $6 billion, a source familiar with the matter told…

Finland faces the loss of its top credit rating at Moody’s Investors Service as the country struggles to escape an economic contraction that’s lasted since 2012.

Global economic growth this year is improving but is still moving in a slow pace, according to the 2015 Economic Outlook of Organization for Economic Cooperation and Development, or OECD.

Social Security’s own watchdog found waste, fraud and abuse in its disability program, citing cases where benefits had been paid to disqualified, imprisoned and deceased people. Over 15 million…

This year’s annual World Economic Forum on Africa, which took place in Cape Town, South Africa, focused on finding ways to ensure the continent’s economic growth helps not only investors…

After 68 years, since  independence in Pakistan in 1947, the economy has not yet gained the desired stability. Not only has it missed opportunities that came its way in the 1960s, 1980s, and…