World Economy

Turkish economic confidence index increased by 1.5 percent to 80.16 in May, the second upward move after the big plunge in March, according the data released by Turkstat on Tuesday. The index…

During the international military intervention in Afghanistan, major powers viewed Central Asia primarily through the lens of the conflict. As the allied forces have scaled back, China, Russia and…

China’s yuan currency is no longer undervalued after its recent substantial appreciation, but the government should quicken reforms to get to having “a floating exchange rate”, the International…

New Zealand’s annual trade deficit for the year ending April was the worst since the global financial crisis and was driven by falling dairy exports and prices and slowing demand from China,…

European stock markets stumbled on Tuesday, as Greece’s debt problems and a battering for Spain’s government in local elections offset a rise in airline shares.

The pan-European…

Investors’ Confidence Index for Lithuania (ICIL) – a quarterly research conducted by the association “Investors’ Forum” – revealed that in the nearest future, four out of 10 investors are planning…

Switzerland may have managed to avoid a contraction in the first quarter, temporarily defying a record surge by the franc that’s depressed the outlook for the economy.

Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said, after several senior officials insisted Athens had no money to pay a loan…

The life sciences industry is increasingly taking over from the tech sector in driving global innovation, according to a Thomson Reuters analysis of global patents.

Krung Thai Bank, Thailand’s second-largest lender by assets, said it has cut its key lending rates by 10 to 125 basis points, a move that comes after the central bank lowered its policy rate in…

Gold fell nearly 1% to a two-week low on Tuesday as the dollar pushed higher following recent comments from Federal Reserve Chair Janet Yellen that reinforced the US central bank’s tightening bias…

The dollar climbed to the strongest in almost eight years against the yen as Federal Reserve Vice Chairman Stanley Fischer said central bankers appeared to favor an early US interest-rate increase…

A Dutch organization which helps private individuals deal with their finances when they get into debt had 92,000 requests for help last year – up 3,000 on 2013, DutchNews reported. The NVVK said…

Scotland could find itself locked into a self-perpetuating cycle of economic decline unless it gets more powers beyond those currently on the table from Westminster, economists have warned.

The heads of governments of the Shanghai Cooperation Organization (SCO) member states will discuss new opportunities for expanding trade and economic cooperation within the body at a meeting in…

India is seen as a winner among the BRICS group of developing countries – Brazil, Russia, India, China and South Africa.

A half-dozen leaders from the Pacific and other high-level officials from around Asia and the Pacific convened in Bangkok on May 25 for the annual United Nations regional development policy forum…

China needs to create deep and liquid markets to avoid currency risks as it makes the yuan a convertible currency, former Federal Reserve Chairman Ben S. Bernanke said in Shanghai.

The current regime in Sri Lanka is aggressively seeking foreign direct investments (FDIs) from Germany to create sustainable growth.

“Sri Lanka has long been a paradise for German tourists…

Asian stocks were trading higher on Monday in afternoon session, with the Chinese stocks rallying for a fifth straight day, while Japanese shares gained ground amid a stronger dollar.

Kazakhstan is seeking loans from China worth around $3 billion to build two new plants to boost copper and aluminum output in the Central Asian nation, Kazakh Deputy Investment and Development…

Switzerland has begun online publication of names of foreigners and foreign firms wanted in tax probes by their countries of origin, including Germany. American citizens are identified only by…

Japan posted a trade deficit in April following a single-month’s surplus in March, and economists said shortfalls were likely to persist given the weakness of the yen.

The 53.4 billion yen…

Thailand’s industrial confidence continued to fall to a seven-month low in April, mainly as a result of worries over sluggish economic conditions, the Federation of Thai Industries (FTI) said…

Dubai-based builder Arabtec has received Egyptian cabinet approval for a housing project to build a million homes, said Egypt’s assistant housing minister Khaled Abbas on Monday a day after media…