World Economy

China central bank governor Zhou Xiaochuan said Beijing would accelerate reforms to the country’s currency to push for the yuan’s inclusion in the International Monetary Fund’s currency basket,…

International Monetary Fund chief Christine Lagarde has rebuffed talk of Greece obtaining a delay on its debt payments to the Fund. Her remarks came at a meeting with the World Bank in Washington…

The US Federal Reserve may allow big banks to use some municipal bonds to meet new liquidity rules that ensure they have enough cash during a credit crunch, a report said, citing people familiar…

Recognized only by Ankara, the tiny Turkish Republic of Northern Cyprus heads to the polls on Sunday with its economy suffering from international isolation and surviving mainly thanks to Turkey’s…

Asian shares saw a mixed end to the week after a lackluster lead from Wall Street, following disappointing US economic data.

The Dow Jones fell 0.4% as data showed that US housing…

Two of the US’ key banks have surprised markets with stronger-than-expected earnings reports for the first quarter of the year – evidence that the banking business has more than recovered since…

Chinese production of refined copper rose 9.7 percent from a year ago in March as smelters expanded capacity amid an increase in supply of raw material.

China churned out 636,351 tons of…

Russia’s economy has managed to overcome the worst, as the national currency has become much stronger than most analysts expected, and all the key indicators are improving, President Vladimir…

Japan sought on Friday to hold bilateral ministerial trade talks with the United States as the allies race to seal a bilateral trade deal, seen as crucial for a broader trans-Pacific free trade…

Brazil’s inflation in the month through mid-April slowed less than economists estimated, increasing economists’ expectations that the central bank will continue its pace of rate increases. Swap…

The China Securities Regulatory Commission (CSRC) announced that total assets under management of China’s mutual funds reached a record high of Rmb5.24tr ($844.39b) as of the end of March, Asia…

Gold firmed around $1,200 an ounce on Friday but the metal was headed for its second straight weekly drop, weighed down by speculation over the timing of an interest rate hike by the US Federal…

Thousands of Moldovan farmers have launched mass protests demanding increases of state subsidies and compensations from the Moldovan government for the loss of the Russian market. The farmers have…

The United States and Japan want the World Bank and Asian Development Bank (ADB) to team up with a new Chinese-led development bank in syndicated loans, as a way of helping the new lender…

The current head of the Group of 20 wealthy and emerging nations says governments need to do more to jolt the global economy out of the rut it fell into after the 2008 financial crisis.

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Dubai’s drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed, with some lenders struggling to compete against…

The fall in consumer prices across the eurozone continues to ease, as inflation inches towards positive territory. Economists are cautiously optimistic the recent stretch of deflation is coming to…

There are two global organizations tasked with stabilizing finances and funding major projects in the developing world: the World Bank and the International Monetary Fund, BBC reported. But the…

European shares hit a 14-year high and the euro fell on Wednesday after the European Central Bank affirmed its loose policy stance and as weak data from China raised prospects of monetary easing…

The Chinese economy reported better-than-expected data for Q1 as gross domestic product expanded 7% year-on-year, government data showed, Asia First reported. However, economic growth in the first…

Singapore home sales in March rose 57% from a month earlier as more new projects were offered, Bloomberg reported. Developers sold 613 units last month compared with a revised 390 units in…

It’s hard to overstate just how much global investors are captivated by HDFC Bank Ltd., India’s biggest lender by market value, Bloomberg reported.

Japan is set to overtake China as America’s largest overseas creditor when the US issues holdings data Wednesday.

China cut its investment in Treasuries for a fifth month in January, while…

European Central Bank policymakers have sanctioned further emergency funding for Greece’s banks, a banking source said, amid clear signs that the wider eurozone economy is picking up.

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The euro’s slide against the dollar has reignited talk of a “currency war”, with analysts in opposing camps over whether or not countries are consciously playing with their exchange rates.

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