World Economy

Greece called on the country’s creditors to compromise on demands to break an impasse over the release of funds for its cash-strapped economy as a deadline neared for payments due next month to…

China will slash import tariffs on consumer goods including skincare products, western-style clothes and diapers from June, potentially giving a fillip to global brands and bolstering domestic…

Africa’s overall economy should advance in 2015, expanding by 4.5 percent, showing resilience despite weak commodity prices and the devastating Ebola epidemic, an annual report published Monday…

Goldman Sachs Group Inc plans to establish a bond facility to target $1 billion in investment within the next few years in renewable energy projects in Japan, people familiar with the plan said.…

Shares in European banks have jumped 28 percent since a January low, but they’re still trading at a discount to their two-year average, making the industry among the cheapest in the region. The…

Of all the budget measures aimed at helping the local start-up and innovation sector in Australia, the low-profile changes to the Significant Investor Visa (SIV) program hold the promise of the…

Russian Prime Minister Dmitry Medvedev has signed a free trade zone agreement between the Eurasian Economic Union (EEU) and Vietnam, the cabinet announced Monday.

Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet…

Australia has a high risk of slumping into recession, with commodity prices diving, public finances deteriorating and unemployment rising. After a record 24 straight years of…

The government of Pakistan is unlikely to meet the target of 5.1 percent for GDP growth in the current financial year, which may settle to 4.2 percent due to the underperformance of manufacturing…

The Bank of Japan has decided not to introduce more fiscal stimulus, days after the country showed improved first quarter GDP growth.

Japan’s policymakers have kept the central bank’s…

Barely few days to the inauguration of a new administration, economic experts at the weekend expressed worry over the uncertainty of Nigeria’s economic outlook for the second half of the year.

Brazil’s annual inflation rate remained at an 11-year high in mid-May despite a smaller increase in electricity rates and services prices, keeping pressure on the central bank to continue raising…

European Central Bank President Mario Draghi said it was time for eurozone governments to launch reforms, warning that growing structural differences were dangerous for the monetary union.

Germans famously take two things very seriously: Their work, and rules. That makes rules governing work doubly important. A fight over collective bargaining rules has huge implications for Europe’…

British Prime Minister David Cameron plans to slap a pay freeze on his ministers until 2020 in an attempt to show that the new government will share in new austerity cuts, BBC reported.

Leaving the European Union could boost the British economy by delivering jobs, boosting prosperity and galvanizing the ‘single market’, Breitbart reported. According to a top Tory, all these…

The Kenyan shilling touched a low of 97.35 against the dollar, a sign the local currency could be headed for the worst drop in three-and-a-half years, NewsNow reported. Analysts say the local unit…

Jamica’s economy just edged into positive territory with a weak growth rate of 0.3% in the 2015 first quarter -- following consecutive quarter declines last year, but the country could see another…

Foreign investment in Turkey fell by more than one-third in March year-on-year, the government has said.

Net foreign direct investment (FDI) stood at $900 million in March, a decline of 37…

In Portugal, getting a loan is still harder than in almost any other country in the eurozone. But if your company exports, you may be in luck.

The country has been at the sharp end of…

Trade ministers from 21 Asia-Pacific countries have issued strong support for the World Trade Organization’s efforts to boost global trade amid a flurry of regional free trade agreements.

Soaring inflation and a likely currency collapse are adding to South Sudan’s woes after 17 months of civil war characterized by brutal attacks on civilians.

The latest battles between…

Finance ministers from the world’s largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil,…

Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve…