World Economy

Rampant corruption across Southeast Asia threatens to derail plans for greater economic integration, according to Transparency International, the global coalition against corruption.

The European Commission has approved the import of 19 controversial genetically modified products. They come in addition to 58 other GMO products that can be sold in the bloc, the Commission said…

The decision of China-owned Baoding Tianwei Group to default on its debt has shocked the global market, stoking concerns that more government-owned companies could follow suit, Asia First reported…

The ruble fell, paring its longest stretch of weekly gains since 2012, as the Russian Finance Ministry warned the currency’s world-beating rally is excessive, Bloomberg reported. The most volatile…

Malaysia will host the 26th ASEAN Summit beginning this weekend till Monday, April 27. It is the fourth time that Malaysia is chairing the 10-country-Association of Southeast Asian Nations (ASEAN…

Emerging Asian central banks are expected to cut interest rates again in the coming months, but economists polled by Reuters are doubtful the moves will significantly boost growth or inflation.…

Greek finance minister Yanis Varoufakis was Friday accused of being a “time-waster, a gambler, and an amateur” by a participant of the Eurogroup meeting on Greece’s reform proposals…

US business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting the economy could struggle to strongly…

The Swiss National Bank said on Friday it had no plan to do away with cash, nor any power to impose a fee on paper currency, amid signs that large-denomination banknotes are being hoarded as a…

Russian Economic Development Minister Aleksey Ulyukayev said Russia’s GDP will grow by 2.3% in 2016, and by 2.5% in 2017 and 2018, Tass reported. He expects the recession to end this year, and…

Consumer confidence in Germany is at its highest since late 2001, as low inflation buoys households’ income expectations, although there were signs of concern about the constant tug-of-war over…

Ukrainian Foreign Minister Pavlo Klimkin has confirmed Kiev’s bid to launch a free trade zone between Ukraine and the EU from January 1, 2016, Tass reported. There will be no delay on that,…

Global equity markets rode to new all-time highs on Friday, with positive corporate updates in Europe and a post-dotcom-boom peak for the US Nasdaq stoking investor optimism.

Germany’s biggest lender has been fined $2.5 billion by US and UK regulators for manipulating market key rates including Libor, the benchmark for interest rates on trillions of dollars of…

Turkey and Russia are not facing any particularly difficulties in the process of preparing a Turkish-Russian free trade agreement, Turkish Minister of Economy Nihat Zeybekci told TASS on Wednesday…

US President Barack Obama on Thursday faced down criticism from his own supporters over a looming Pacific trade deal, saying he had no intention of selling American workers out.

China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labor ministry warned that authorities cannot be “blindly…

Oceans are worth at least $24 trillion, but their economic value is threatened by pollution, climate change and over-exploitation, according to a report published by the World Wide Fund for Nature…

South Korea’s top economic policymaker brushed off concerns over bleak economic prospects on Friday, expecting the country’s economy to gather steam for a recovery down the road on the back of a…

One of the world’s largest banks, HSBC, is considering moving its headquarters out of Britain because of tough regulations and uncertainty over the country’s future in Europe. The bank’s chairman…

US economic growth is set to rebound in the second quarter, but a strong dollar could slow momentum and push the first interest rate hike from the Federal Reserve to later this year, a Reuters…

Australia’s official inflation rate over the past year is 1.3%, its slowest annual pace in nearly three years, official figures showed on Wednesday, Xinhua reported. The low-inflation figure has…

Foreign investors have shown an even bigger appetite in shares issued by Germany’s top-30 blue-chip stocks. A new study reveals DAX-listed companies are of particular interest in the Anglo-Saxon…

Auto exports by South Korean carmakers tumbled in the first quarter amid a surge in foreign luxury car imports, customs data showed Wednesday, Yonhap reported. The country’s car exports amounted…

Narrow money trends last autumn predicted that the Eurozone and Japanese economies would regain momentum while the US and China would slow, a shift confirmed by recent coincident data.

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