World Economy

China’s manufacturing activity recorded its worst contraction in a year in April, a survey by HSBC showed on Monday, as subdued domestic demand weighed on growth in the world’s second-largest…

French manufacturing activity shrank for a 12th straight month in April, and the pace of contraction increased from the previous month, according to survey released on Monday. Market Purchasing…

South Korea’s central bank chief said on Monday the net effects of further interest-rate cuts on boosting consumer spending need to be reassessed partly due to heavy and rising household debt,…

Drivers for Germany’s Deutsche Bahn are on a week-long strike starting Monday, their eighth walkout in 10 months of wage negotiations, BBC said. The drivers’ union GDL called on train drivers to…

Australia and New Zealand Banking Group on Monday said it plans to sell its Esanda dealer finance business, which includes A$8.3b ($6.51b) in loans to motor vehicle dealers, Reuters reported.

As it rises over the Jeddah skyline, the $1.2-billion Kingdom Tower, will make and break several records along its kilometer-high journey, a report says. The world’s tallest tower is now in the…

Labor costs in Germany’s private sector continue to be a lot higher than the average across the 28-member European Union. The national statistics office pointed out costs were the highest in…

Italy has leapt up eight places in a ranking of the world’s most attractive countries for foreign investment, mostly due to a revamp of its sclerotic labor market.

Italy ranks 12th in the…

Turkey’s consumer price inflation accelerated more than estimated in April as food prices rose. The annual rate of inflation rose to 7.91 percent from 7.61 percent in the previous month, Turkey’s…

The euro’s April rally, its biggest since 2010, was already a distant memory as the single currency extended Friday’s declines against the dollar.

French bank BNP Paribas was formally sentenced to pay a record $8.9 billion in fines and penalties for violating sanctions against Sudan, Iran and Cuba, the US Justice Department said.

Some…

With a booming stock market up 17 percent year-on-year in April this year and a renewed government program to drive investment in infrastructure, education, health and social services, Saudi…

After losing top engineering talent for years to America’s tech heartland of Silicon Valley, India is luring them back as an e-commerce boom sparks a thriving start-up culture, unprecedented pay,…

US billionaire investment mogul David Bonderman believes that there’s no time like the present to invest in Russia, adding that US sanctions policy has only backfired on them.

Central bankers and finance ministers from China, Japan and South Korea said on Sunday they remained committed to policies to support demand in the face of moderate and uneven global growth.

For the first time, China has become the main source of foreign investment in Australia, moving the United States into second place.

Last year, wealthy Chinese investors poured $21.8…

The Federal Reserve could well raise interest rates as soon as June, two top US central bankers said, so long as economic data strengthens as expected from a dismal first quarter.

The theme of the year so far has been the calcified eurozone being jolted into life by European Central Bank money printing, cheap energy and food prices and a weak euro to outperform, at least…

Japan seeks to launch what the country’s Foreign Minister Fumio Kishida referred to as a “new scheme of Japanese cooperation of wide range, large scale” with Cuba to support Raul Castro’s reforms…

China today said it is willing to discuss ways under which Taiwan can be admitted in the Asian Infrastructure Investment Bank and the Silk Road initiatives in view of its policy to…

Up to 80 percent of global trade is supported by some form of financing or credit insurance. Yet in many countries there is a lack of capacity in the financial sector to support trade, and also a…

Qatar’s foreign trade surplus shrank 53.7 percent from a year earlier to 16.47 billion riyals ($4.52 billion) in March because of low oil and natural gas prices, preliminary data from the Ministry…

Unemployment rate has become stagnant in the first four months of 2015, at 5.58% in April compared to 5.60% in January. However, unemployment set to fall away much more rapidly in next three…

The Bank of Japan (BOJ) has decided to hold off on expanding monetary stimulus during a meeting on Thursday, keeping its plan to expand the monetary base at JPY80t ($673b) annual pace, Asia First…

Saturday’s release of Canadian GDP data revealed that the economy stalled during the second month of 2015, Investing .com reported. In addition, Statistics Canada revised January’s figures…