World Economy

Asian stocks drifted Monday, with many markets closed for holidays, after a surprisingly weak US employment report.

South Koreans are getting older and spending less, making it more difficult for the central bank to stoke spending and price gains to keep the nation’s tiger economy powering along.

Greek Finance Minister Yanis Varoufakis said that Greece “intends to meet all obligations to all its creditors, ad infinitum,” seeking to quell default fears ahead of a big loan payment…

Cyprus is lifting the last remaining capital controls it imposed on its banking system during the financial crisis of 2013. The controls were eased in January.

Cyprus was the only crisis-…

The UAE has joined the China-led $50 billion Asian Infrastructure Investment Bank (AIIB) as a founding member.

The UAE joins 34 other founding members including Saudi Arabia, Kuwait, Oman,…

The Indian city of Kerala and London will collaborate to promote small and medium enterprises, and start-ups in the information technology (IT) sector. P.H. Kurian, secretary of Industries and IT…

A free trade deal between the Eurasian Economic Union (EEU) and Vietnam may be signed in the near future, Russian Prime Minister Dmitry Medvedev said on Monday, Tass reported. “We have already…

Falling interest rates, an expanding population and a government-sponsored building boom are turning Indonesia into the world’s favorite place to buy property stocks, Bloomberg reported.

Argentina’s central bank has sent regulators to the headquarters of Citibank Argentina on Monday, the head of the monetary authority has said, the latest move between the bank and the state…

The last thing stock traders want to see is anything to suggest they are underestimating the weakness in US corporate profits, Bloomberg reported. That may explain their reaction to Friday’s …

A Swatch collector from Luxembourg is putting his 5,800 piece collection up for auction in Hong Kong; he started buying the Swiss watches in 1983.

US officials highlighted the boost to Russian farming costs from economic setbacks as they forecast an 11% drop in the country’s grains harvest this year, led by a drop in wheat output.

The…

The decade-long surge in foreign-currency reserves held by the world’s central banks is coming to an end.

Afghan traders shut up their shops in the country’s capital on Monday and marched through the streets to protest tax hikes.

The march in Kabul was a rare public protest against…

Qatar’s economy grew by more than six percent in 2014, official figures showed, driven by spending on huge construction projects ahead of the 2022 World Cup, Customs Today reported. Shrugging off…

Figures released on Monday show that unemployment in Spain has fallen again, with Spanish consumers more confident than ever about the trajectory of the economy, The Corner reported.…

False Saudization rates boost unemployment and negatively influence Saudi citizens, warned economists in Saudi Arabia.

Dr. Abdul Hamid Al-Omari, a member of the Saudi Economic Association,…

Signs are multiplying that the Russian economy will not die a painful death, but is just taking some long-overdue strong medicine. The country posted unexpected growth in the fourth quarter of…

Steady hiring is supposed to fire up economic growth. Cheap gasoline is supposed to power consumer spending. Falling unemployment is supposed to boost wages. Low mortgage rates are supposed to…

Hirotoshi Ogura, a self-described “factory geek”, is Daikin Industries’ master of doing more with less – and part of the reason Japan’s recovery remains stuck in the slow lane.

At a high school close to downtown Toronto, grade eleven student Deshanel Evans is getting back to the earth. That is, he’s making the stuff.

The IMF remains bullish on the Philippine economy this year due to lower commodity prices, strong private construction and export growth but it also urged the government to improve spending on…

Data from the eurozone published last week confirms that a stronger economic recovery may finally be under way. The unemployment rate in the region declined to 11.3% in February from 11.4% the…

Pakistan’s Minister for Planning and Development Ahsan Iqbal has said the Chinese President Xi Jinping, during his visit to Pakistan, will perform ground breaking ceremony of Pakistan-China…

Laos, despite being the smallest economy in Southeast Asia, has a large amount of potential that has defined it as one of the most promising markets in ASEAN for investors, Alpha reported.…