World Economy

Chinese and Japanese finance ministers on Saturday reopened talks to deepen economic cooperation that were delayed over strained relations between the Asian giants, AP reported. Chinese…

More than 8,300 people a week in England are at risk of losing their homes, a report by homelessness charity Shelter has found.

To the International Monetary Fund (IMF), low inflation or deflationary pressure seems to be a tough task for every economy, thus it suggested that the US Federal Reserve raise the interest rate a…

The UAE is set to post its first fiscal deficit since 2009 because of lower oil revenues, but it can avoid any serious economic slowdown, the International Monetary Fund said after annual…

The India-US bilateral trade in goods and services has crossed the elusive $100 billion threshold and now stands at $103 billion, US envoy Richard Verma said in Washington on Saturday,…

German industry has profited from a recent surge in foreign demand for its products, the Economics Ministry in Berlin has reported. It said orders from fellow eurozone nations were particularly…

US job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that could put a September interest rate hike from the Federal Reserve back on the table, Reuters…

As Italy’s economy was heading off a cliff, police couldn’t help but notice that the country’s Chinese communities were booming. Luxury cars rolled past Chinese betting parlors and garment…

Copper pared losses and was steady after hitting a six-week low earlier on Friday amid worries over a seasonal demand slowdown from top buyer China, though continued draws in London Metal Exchange…

Pricing harmful carbon through dedicated marketplaces is emerging as businesses’ preferred way of tackling climate change. It is also the cornerstone of EU policy, but critics say that alone won’t…

 Finance Minister Anton Siluanov defended Russia’s tight monetary policy on Friday, saying it was needed to combat high inflation and would continue in the “coming years”.

The International Monetary Fund has revised down Kenya’s economic growth projection this year to 6.5%, rather than its earlier forecast of 6.9%, Kenya’s KBC news agency reported. Mauro Mecagni,…

Many bankers and economists have been looking at shadow banking in China. But what happens when debtors fail to pay their debts or challenge the lending arrangements?  When parties to shadow…

Philippine headline inflation hit its slowest pace in 20 years in May at 1.6 percent, according to the latest figures announced Friday by the National Economic and Development Authority (NEDA).…

European investors have returned to the Japanese stock market. Net purchases by European funds have risen to the highest in 1 1/2 years, tracking the Nikkei’s ascent to 15-year peaks as …

Low oil prices and a resulting drop in business investment have led the Organization for Economic Cooperation and Development (OECD) to lower its expectations for economic growth in Canada for the…

Since the Turkish party, often known by its Turkish language acronym, the AKP,  came to power, following an election in late 2002, the economy has expanded by 68%, equivalent to an average…

Athens has bought more time to strike a critical aid-for-reforms deal with its bailout lenders after the International Monetary Fund agreed that the cash-starved country can repay debts due in…

Bulgaria’s gross domestic product (GDP) has increased with 2% in the first quarter of 2015 compared to the same quarter of the previous year and with 0.9% compared to the fourth quarter of 2014…

Intel Corp. said it agreed to buy Altera Corp. for $16.7 billion in a deal that will take out yet another chipmaker and add to a record year for industry consolidation.

Malaysia Airlines is “technically bankrupt”, its new German CEO said Monday as the carrier slashed 6,000 jobs as part of plans to recover from deadly disasters and a long run of red ink.

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The majority of the available real sector indicators in Lebanon recorded a significant decline in May 2015, compared with the previous month as well as the same month in 2014, AME reported. The…

Indonesia’s annual inflation rate in May rose to its highest this year, a development likely to strengthen the central bank’s reluctance to cut interest rates, Reuters reported. Annual headline…

Shares of Hong Kong-based investment bank Reorient Group Ltd. jumped a record 152% after a private-equity fund backed by e-commerce billionaire Jack Ma agreed to invest in the company. The stock…

Manufacturing activity showed scant sign of picking up across Europe and Asia in May as demand stayed stubbornly weak, highlighting the need for central banks to continue supporting growth.