World Economy

Britain could severely jolt the European Union if it were to leave after a popular vote, the 28-nation bloc’s trade chief said.

“If they choose to leave it would have tremendous effects,”…

A worldwide sell-off in government bonds deepened on Wednesday, with the rise in long-term borrowing costs to their highest level this year spreading unease across all assets and putting stock…

As part of a major push towards automation, the first robots-only factory is being built in China’s Dongguan manufacturing hub, reducing human employees to a bare minimum.

A new Common Market is being formed. It has a bigger economy than the whole of sub-Saharan Africa, more states than the European Union has members, and twice the population of North America. It’s…

European stocks showed mixed moves on Tuesday, with most markets struggling for direction as concerns about Greece’s bailout negotiations continued to nag.

The sorry state of world economics has a growing number of economists writing eulogies for the globalization model. Hans-Paul Burkner, president and CEO of the Boston Consulting Group, disagrees,…

Shanghai officials have imposed a ban on close relatives of government officials from running private businesses. The new regulations are aimed at curbing nepotism and corruption in one of China’s…

The number of Spaniards registered as jobless fell by 2.7 percent in April from a month earlier, the sharpest fall in a month of April on record, data from the labor ministry showed on Tuesday,…

The International Monetary Fund (IMF) said it expects the global world economy to grow 3.5% in 2015, compared to 3.4% in 2014.

Global growth remains modest and unbalanced, with growth…

UBS AG said Tuesday that first-quarter profit nearly doubled from the same period last year on gains at its core wealth management business and a strong bump from its pared-down…

Australia cut interest rates to a fresh record low and said there are signs of improving household spending, sending the currency and bond yields higher as markets bet policy makers won’t ease…

Indonesia’s economy unexpectedly shrank for a second straight quarter as exports and government spending dropped, underscoring the challenge for President Joko Widodo as he seeks to reinvigorate…

Two years of client withdrawals at Pacific Investment Management Co.’s flagship have cost it the title of the world’s biggest bond mutual fund, Bloomberg reported. Investors pulled $5.6b from the…

ECB governing council member Christian Noyer warned on Tuesday that diverging eurozone and US monetary policies could present a risk of instability for jittery financial markets, Reuters reported…

Greece starts a new round of negotiations in Brussels aiming at a third bailout program and a new loan of 46-50 billion euros ($51-56b), according to Greece’s real.gr report citing an …

Iraq has requested financial assistance from the International Monetary Fund (IMF) and agreement may be reached within weeks on a loan of about $800 million, a senior IMF official said…

Over the course of the last seven years there have been a series of excuses for why bad inflation predictions turned out to be bad. The most prominent excuse is that the bad inflation predictions…

France is in talks to agree billions of euros worth of contracts in Saudi Arabia that could be finalized “quickly”, ranging from the defense sector to civil aviation, transport and energy, Foreign…

According to the recent data, steel output in Ukraine in January-April decreased by 30% to 7.08 million tons compared to the same period last year, as the industrial production in Ukraine…

Hong Kong shares ended almost flat on Monday, as data shows that China’s factories suffered their fastest drop in activity for a year as new orders fell. The China HSBC PMI index dropped to 48.9…

Canada’s Bombardier and Egypt’s Orascom Construction and Arab Contractors will build a $1.5 billion monorail near Cairo, Egypt’s housing minister said.

The 52-kilometer (32 mile) project is…

Switzerland’s manufacturing output steadied in April suggesting companies are coping with the stronger franc and that the country may avoid an economic recession.

Brazil’s sugar exports will fall, a little, in 2015-16 for a third successive season despite a recovery in cane production, as mills divert more crop to making ethanol, US farm officials said.

Greece and its European creditors are finally making progress only days after combative Finance Minister Yanis Varoufakis was effectively sidelined from talks on its enormous debt, EU sources told…

In a world of weak domestic demand in many advanced economies and emerging markets, policymakers have been tempted to boost economic growth and employment by going for export led-growth. This…