World Economy

Asian shares shrugged off early losses on Tuesday, as surging Chinese shares and Wall Street’s record close offset continuing worries over Greece’s fiscal woes.

Fears of a Greek …

Hedge funds can’t get enough of JD.com Inc. Tiger cubs including Lone Pine Capital, so-named because their founders worked for billionaire Julian Robertson’s Tiger Management, helped lead a rush…

The dollar’s four-week decline and a slump in bond prices has upset some assumptions about where global financial markets are heading, but haven’t deterred most investors from staying faithful to…

The Kazakh central bank, which plans to make the tenge more flexible to avoid devaluation, has enough reserves to keep it stable for several years, “even if there’s strong pressure,” the…

Only one quarter of workers around the world have permanent jobs, according to a report by the International Labor Organization (ILO).

The remaining three quarters of the workforce are…

The future of Singapore and France’s partnership lies in the expansion of economic links, said French President Francois Hollande at state banquet held in honor of Singapore President Tony Tan…

Deutsche Bank has become the first bank to formally consider what it would do if the UK voted to leave the EU, Business Insider reported. The German bank has set up a working group to review…

Greek Finance Minister Yanis Varoufakis has said he expects an agreement with the country’s international creditors within the next week, BBC reported. The government is fast running out of money…

The International Monetary Fund has revised downward its economic growth projection for Kenya in 2015 from an earlier estimate of 6.9% to at least 6%, citing the depreciating shilling and the…

The Malaysian Timber Industry Board (MTIB) said Tuesday exports of bamboo-based products could be boosted so as to eliminate the industry’s trade deficit within the next five years with the…

Japan will announce a $100 billion plan to invest in roads, bridges, railways and other building projects in Asia, a report said Tuesday, weeks after China outlined its vision for a new…

 Chinese government directives last week concerning local government debt signal a potentially significant policy shift to prioritize growth over managing the country’s debt problem, says…

Spain is on course to become the largest economy in the eurozone with the banking sector proving a particular bright spot, Newton’s head of fixed income has said.

In an investment update,…

Euro is generally lower this week so far on renewed concern over Greece. In particular, there is some pressure after a European commission spokesman said that the summit in Latvia this week is…

The World Bank (WB) is open for cooperation with BRICS bank, Senior Advisor on BRICS at the WB Group Otaviano Canuto said. President of the WB Jim Yong Kim clearly stated…

Russia's Rosneft will seek shareholder approval to raise nearly 10 trillion roubles ($203.50 billion) in loans from three domestic banks, the company said in documents prepared for its annual…

Given the 0.3% growth quarter on quarter, the pace of overall economic recovery in Thailand appeared weak in the first quarter of this year, noted Nalin Chutchotitham, the economist of HSBC…

A tax cut and families package announced in last week’s budget have helped shore up Prime Minister Tony Abbott’s leadership as an opinion poll showed Australia’s fiscal blueprint is the best-…

Copper slipped as the dollar rose on Monday, though losses were limited by signs of potentially stronger demand and expectations of further policy easing by top consumer China, Reuters reported.…

Developing countries in Asia became the world’s largest source of foreign direct investment (FDI) last year, overtaking the United States which remained the biggest single investor country.

Venezuela’s economic collapse is driving factories out of business, leaving store shelves barren and wiping out workers’ purchasing power. MasterCard Inc. is doing just fine.

Two powerful…

Greek banks are running short on the collateral they need to stay alive, a crisis that could help force Prime Minister Alexis Tsipras’s hand after weeks of brinkmanship with creditors.

Italy, France and Germany agreed on Monday to develop a European drone program for reconnaissance and surveillance, seeking to inject momentum into a proposal first considered in 2013 to reduce…

Spain’s economy minister says the country’s economic growth is likely to pick up speed and could hit 3.5 percent this year, AP reported. Luis de Guindos said Monday that indicators point to an…

Indonesia’s trade balance booked its fourth straight month of surplus in April, while the current-account deficit improved in the first quarter as imports plunged along with the country’s slowing…