World Economy

The New Zealand dollar has been knocking on the door of parity with the Australian dollar over Easter, touching just under 99.7c, NewsNow reported.

Growth in Saudi Arabia’s non-oil private sector accelerated to a six-month high in March, while it slowed to a 17-month low in March in the UAE as expansion of both output and new orders eased,…

In a few weeks, the International Monetary Fund and other international groups, such as the G20, will meet in Washington.

There are still many challenges lying ahead in the full implementation of the ambitious ASEAN (The Association of Southeast Asian Nations) Economic Community (AEC) by the end of this year as…

Market focus will shift from macro to micro this week, and investors betting on gains in stocks will hope coming earnings reports will be somewhat stronger than recent disappointing economic…

Consumer confidence in Thailand fell for the third straight month in March, a university survey showed, as low commodity prices and worries over the stumbling economy crimped domestic demand,…

The Bank of Japan’s quantitative and qualitative easing, now entering its third year, is slowly pulling the country out of deflation by boosting household assets and corporate earnings. But…

Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp., said on Saturday it had received an additional $1.5 billion loan, raising a previous…

The budget of Qatar's government could fall into a deficit from 2016 and external surpluses will shrink substantially if oil and gas prices remain depressed, according to a new report by the…

The Ukrainian government approved on Saturday the framework for Ukraine’s debt restructuring operation through which it aims to generate $15.3b, the Finance Ministry said.

The president of energy-rich Turkmenistan said in comments broadcast Saturday that his energy dependent country has been hit hard by low oil prices and he urged the government to diversify the…

Agricultural waste has the potential to produce 400 billion liters of bioethanol each year, researchers have predicted.

A study by the University of East Anglia (UEA) pinpointed five…

Athens is currently trying to negotiate a new bailout deal with its Troika of creditors, but if that falls ‘Plan B’ could reportedly involve getting rid of the euro and cutting off its banking…

Kenya’s position as the regional trade and investment hub for eastern Africa is increasingly coming under threat from south-neighboring Tanzania and populous northern neighbor Ethiopia, top…

The Swiss government has backtracked on parts of its planned corporate tax reform following objections from cantons. A proposed capital gains tax has been thrown out, but tax breaks on research…

India’s industrial production grew by a stronger-than-expected 2.6% in January – signaling a boost in Asia’s third largest economy – but February retail inflation also inched up, government data…

Commerzbank AG and government lawyers gained federal court approval of a $1.45b agreement to defer prosecuting the lender for violating US laws, including sanctions on doing business with some…

Treasuries climbed and the dollar weakened after worse-than-forecast US payrolls bolstered the case for keeping interest rates lower for longer. US stock futures tumbled amid concern economic…

Russia aims to become the first country in the BRICS group of leading emerging economies to ratify an agreement on the foreign currency reserve pool, according to Russian Foreign Ministry…

Cyprus will lift all capital controls on Monday and President Nicos Anastasiades voiced confidence that its banking system, forced into a chaotic bailout in 2013, is now immune to the crisis in…

The Transatlantic Trade and Investment Partnership (TTIP), which the European Union and the United States currently are negotiating, would, studies say, boost welfare and reduce unemployment in…

Investors worldwide poured $8.5 billion into fixed-income funds in the week ended April 1, marking the first three months of this year as the biggest first quarter for fixed-income inflows since…

The March unemployment rate remained the same, yet once again the BLS survey in US showed another huge increase in those not considered part of the labor force anymore and as a result the figure…

China plans to cut red tape and reduce costs for Chinese firms looking to spread their reach overseas to help boost growth and stave off a wider economic slowdown, according to a statement…

Asian shares gained while the dollar moved in familiar ranges in thin trading ahead of the Easter weekend, as investors awaited the release of key US employment figures later on Friday for clues…