World Economy

The Bank of Japan’s equivocation on its inflation target is adding to the shifting global monetary policy picture that has sparked a sovereign debt rout.

Turkey’s industrial production rose by 1.3 percent in the first quarter of the year, against the same quarter of last year, fuelled by 4.7 percent jump in March, according to the data released by…

Agrochemicals firm Syngenta has rejected a 449 Swiss franc ($487) per share takeover offer from Monsanto, RTE reported. The company said the offer from Monsanto undervalued the Swiss…

Saudi investment firms are unlikely to see immediate benefits from the opening of the country’s stock exchange, the chief executive of Jadwa Investment told Reuters, with the company seeking…

Italian industrial production rose in March above expectations, confirming the positive trend seen in February, in a fresh sign that the eurozone’s third-largest economy is emerging from its worst…

China’s debt mountain is casting a shadow over the world’s second-largest economy. Total debt has reached 282 percent of GDP, according to the McKinsey Global Institute. While other big economies…

Global food prices continued to decline and fell to their lowest since 2010 on lower agricultural commodities prices the UN Food and Agriculture Organization (FAO) said. More supplies and a strong…

Germany had record exports and imports in March 2015 according to Destatis, the federal statistics office, Friday.

Germany exported goods to the value of €107.5b ($120.6b) and imported…

Kuwait plans to order 28 Super Hornet advanced fighter jets worth $3 billion from Boeing, a person close to the deal told AFP Thursday.

The Kuwait deal, along with an expected US Navy order…

Alibaba Group Holding is in talks with India’s Micromax Informatics to buy an about 20% stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world’s fastest…

World bond and stock markets rose on Friday after a bruising week and sterling jumped to a two-month high after the business-friendly Conservative party won Britain’s national elections.

A diamond weighing 76.07 carats was mined by Russia’s Alrosa, one of the world’s largest producers of diamonds. The company plans to put the rare gem up for auction at a price of more than $430,…

The cost to Japanese business of sanctions imposed against Russia by western countries could be $10 billion according to the Russian Trade Mission in Japan. Trade between Moscow and Tokyo was…

The International Monetary Fund (IMF) in its revised regional economic outlook for the Middle East, North Africa, Afghanistan and Pakistan (MENAP) has predicted Afghanistan’s economic growth rate…

The International Monetary Fund said IMF officials didn’t push for large-scale debt relief in recent negotiations for emergency financing for Greece, but rather underscored that more financing…

Despite a slow but steady growth of US GDP over the last few years, new data suggests a potential downturn. As the nation’s trade deficit reaches a six-year high, those numbers point to a slumping…

The European Union has unveiled a strategy to unify the continent’s digital sector and help its technology companies compete with the dominant US firms. It will also open an antitrust inquiry into…

Africa’s richest economy is borrowing money to pay salaries as it struggles through a “difficult cash crunch” brought on by halved oil prices, Nigeria’s finance minister revealed on Tuesday.

Asian stocks lost steam on Wednesday, with most leading indexes in retreat after US markets slumped on worries about surging oil prices and growing tensions over the Greek debt crisis.

After Alibaba Group Holding Ltd. raised a record $25 billion last year, founder Jack Ma said the Chinese e-commerce company faced the danger of high expectations. He might be right.

There was more bad news for France on the economic front on Wednesday as another study claimed that the British economy was currently in the process of overtaking the French as Europe’s second…

A strike of Germany’s train drivers’ union is in full swing, with around two-thirds of long-distance trains cancelled. The head of Germany’s national rail service, Deutsche Bahn, is said to have…

A new government policy-making council in Saudi Arabia may accelerate privatizations of state-owned companies, Saudi Stock Exchange chief executive Adel Al-Ghamdi said, TradeArabia reported. The…

Greece has made a 200-million-euro ($225m) interest payment to the International Monetary Fund that fell due on Wednesday, a Greek official familiar with the matter told Reuters. “It’s done,…

With Brazil dogged by drought, a sluggish economy and a corruption scandal at its most important company, businesses in Latin America’s largest economy have little to be optimistic about, NewsNow…