World Economy

South Korea’s bonds advanced this week, with the three-year yield dropping the most since 2013, as disappointing factory data added to speculation the central bank will cut interest rates further…

Switzerland’s economy shrank the most in six years as the strong franc took its toll on exports. Gross domestic product fell 0.2% in the first quarter, after a revised growth of 0.5% in the…

Equinix Inc., a US-based data-center operator, agreed to buy Telecity Group Plc for 2.35 billion pounds ($3.6 billion), expanding in Europe and scuttling the UK company’s planned merger with…

JPMorgan Chase & Co. will cut thousands of jobs over the next year as the biggest US bank by assets seeks to contain expenses and sells businesses, said a person with knowledge of the plans,…

New Zealand business confidence tumbled in May as signals on the employment, investment and activity front recede, MarketWatch reported. “The economic patient is beginning to suffer a few…

In its annual asessment, the International Monetary Fund (IMF) concludes that the Norwegian government’s economic program is well adapted to the subdued growth in the Norwegian economy.…

A new greeter at the entrance of the Mitsukoshi department store in central Tokyo has caused a stir. The worker, dressed in a kimono and cheerfully welcoming shoppers in honorific Japanese, is a…

Brazil’s smaller-than-estimated contraction in the first quarter failed to convince traders Latin America’s largest economy is improving. The Ibovespa extended the worst monthly drop since January…

Swiss private bankers are turning to video games and virtual reality to attract a new generation of sceptical clients and see off digital rivals.

After its recent gains, China’s yuan currency is no longer undervalued, but the government in Beijing should quicken reforms to move towards “a floating exchange rate”, the International Monetary…

For the 24 hours to 23:00 GMT, the Euro declined 0.87% against the US dollar and closed at 1.0884, as ongoing concerns about a possible Greek default with its international creditors weighed on…

Finland’s jobless rate held steady in April, after rising in the previous two months, figures from Statistics Finland showed Wednesday, RTT News reported. The unemployment rate came in at 10.3% in…

Philippine economic growth in the fourth quarter of 2014 was revised to 6.6% from 6.9%, but the full year expansion remained at 6.1%, the statistics agency said on Wednesday, Reuters reported.…

Nigeria’s outgoing government has agreed to pay a debt of $800 million to resolve a months-long fuel crisis crippling the economy days before the inauguration of a new president in the country,…

Zanzibar has registered deflation of -0.2 percent in March, from -1.7 percent in February, driven mainly by fall in food and fuel prices.

It is the opposite of the often-encountered…

Bahraini MPs are threatening to block the national budget for this year and next if the government insists on its plans to reduce subsidies.

The warning was issued Tuesday in a parliament…

A common fallacy pervades coverage by the world’s media of the negotiations between the Greek government and its creditors.

The potential for a Greek exit from the eurozone has probably never looked this real. The government is running out of cash and doesn’t seem to have enough for its next International Monetary Fund…

French consumer confidence eased slightly in May to 93 from 94 in April, the official INSEE statistics agency said on Wednesday, marking a pause after the index increased by a total eight points…

Cash-rich Japanese banks are paying almost as much extra to borrow dollars on the currency swaps market as they did when they were fighting for survival two decades ago, due to their insatiable…

The world economy is in serious danger of falling into another recession — and if it does, governments have few tools left at their disposal to combat it.

That’s the dire warning from HSBC…

The world's richest nations are unlikely to reach a deal to phase out subsidies for coal exports at talks in June, reducing the chances of a new global climate change agreement at a UN conference…

Africa is loosing over $50 billion each year through illicit financial outflows, the bulk of which are made by multinational companies, former South African president Thabo Mbeki said.

European stocks advanced, snapping a three-day losing streak, as IAG SA rose. IAG climbed 1 percent after getting approval from the Irish government to proceed with its 1.4 billion-euro…

Nearly 50,000 factory workers in Indonesia have been dismissed in recent weeks as the country’s economic slowdown has begun to pinch the country’s labor intensive industries.