World Economy

The OECD has hailed an initial French market reform package as being vital for the country’s growth prospects. But it added current measures were not enough to effectively cut state spending and…

Manufacturing activity across the eurozone accelerated faster than previously thought last month, adding to signs the bloc’s economy is recovering, a business survey shows.

Household debt across Asia is raising red flags, particularly in Thailand and Malaysia, but the official data may not capture the full picture for families around the region.

Dubai-listed Arabtec has agreed terms with Egypt’s Ministry of Housing for the first phase of a EGP280 billion ($36.70 billion) plan to construct one million homes across the country, the builder…

Greece will pay a loan tranche due on April 9 to the International Monetary Fund on time, its deputy finance minister, Dimitris Mardas, said on Friday, seeking to quell fears of default,…

Denmark has applied to join the Beijing-led Asian Infrastructure Investment Bank (AIIB), China’s Ministry of Finance said, becoming the latest European power to join the…

The International Monetary Fund said that it would lend Burundi $6.9m to shore up the aid-dependent central African nation, months before a presidential election in June, VoA reported.

Japan’s Toyota Motor Corp will spend about 150b yen ($1.3b) to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked…

Fiat Chrysler Automobiles NV was ordered to pay $150m to the family of a 4-year-old boy who burned to death in a crash after a jury found the carmaker recklessly designed the gas tank for the 1999…

Cash has not disappeared from everyday life, but the world’s largest information and financial companies are working on ways to replace it with wireless communication payments.  Sweden is in…

Mankind is powerless to prevent calamities such as typhoons and earthquakes, but in Japan where the devastating 2011 tsunami still looms large, there’s a flourishing industry in devising ways to…

The launch of China’s new free trade zone program is set to open up a new chapter in the country’s financial reform journey.

China has a recent history of using special economic zones to…

The growing Islamic finance market helps economies diversify their investor base, says Mohamed Damak, Director and Global Head of Islamic Finance at Standard & Poor's.

Damak told that…

India plans to pull its tariff regime closer in line with global norms to prepare for new regional trade pacts being negotiated by advanced economies. India has not been invited to join pacts such…

Russia faces a protracted recession as the impact of western sanctions lingers and oil prices stay low, the World Bank said, RT reported. In a baseline scenario, the bank expected Russia’s GDP to…

Domestic economic growth will begin to improve in the first quarter of 2015, and the national economy will grow at a higher pace than last year’s 5.1 percent, Bank Indonesia (BI) said, ACN…

Apple has redesigned many aspects of its laptop with its new MacBook — the design is thinner, the keyboard is totally different, and most of its ports have been squeezed into one single slot…

China’s overseas direct investment (ODI) surged in February as a state-owned oil company put nearly $3 billion into a Dutch transaction, official data showed on Tuesday, while inbound investment…

Demonstrators clashed with German police in Frankfurt Wednesday, with cars set ablaze and stones thrown ahead of a huge protest rally against the opening of the European Central Bank's new…

Gold steadied above a more than four-month low on Wednesday as investors remained cautious pending the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in US…

General Motors is to slash production in economically troubled Russia and pull the Opel brand completely in the face of shrinking sales, AP reported Wednesday.

Mass-market GM brands have…

Malaysia’s credit rating is “more than 50 percent likely” to be downgraded as its trade balance worsens and a state investment company struggles to meets its debt obligations, Fitch Ratings said…

Japanese exports rose more than forecast in February, supporting the nation’s emergence from a recession last year, Bloomberg reported. The value of overseas shipments rose 2.4% from a year…

US Bipartisan House leaders are working on a $213b plan to permanently change how doctors are paid for treating Medicare patients, a costly problem that’s vexed Congress for years, a document…

Russian banks can continue to operate in Ukraine if they abide by Ukrainian laws, Ukrainian Finance Minister Natalie Jaresko stated during a discussion at the Brookings…