World Economy

Kuwait’s trade surplus with Japan narrowed 47.1 percent in February to Japanese yen 38.7 billion ($319 million) from a year earlier, shrinking for the fourth month as exports declined by nearly 40…

Greece has responded sharply to apparent pressure from the EU not to pass Wednesday a “humanitarian crisis” law that would provide free electricity and food stamps for the poorest households.

Interest rates could soon rise in the US for the first time in almost a decade, and that's shaking up financial markets.

Since December 2008, the central bank has held its benchmark rate…

Net sales of Ucits (Undertakings for Collective Investment in Transferable Securities) funds jumped in January to €83b ($88b), compared to net outflows of €12b in December, according to the…

Swedes are feeling more optimistic about their personal finances, but would rather put their money in the bank than spend it at the shops, a new survey suggests, The Local reported.

France will step up monitoring of cash payments, withdrawals and small bank accounts to better fight against the financing of terrorism, Finance Minister Michel Sapin said, Reuters reported.

House Republicans on Tuesday unveiled a $3.8 trillion budget plan for next year that effectively breaks tight budget limits on military spending while promising a familiar roster of big cuts to…

Emerging markets need to be prepared for the impact of a rise in U.S. interest rates which could still surprise in both timing and pace, the head of the International Monetary Fund, Christine…

Foreign exchange swings cost North American corporates $18.66 billion in revenue in the fourth quarter, according to a report by currency risk management consulting firm FiREapps.

Total…

China’s securities firms, which have been struggling to diversify beyond volatile revenues from margin lending and brokerage commissions, face the unwelcome prospect of competition from the nation…

West Africa may lose an average of at least $3.6 billion per year between 2014 and 2017 as a result of the Ebola crisis in the region, a United Nations report has said.

The increased use of digital technologies could add $1.36 trillion to total global economic output in 2020, according to a recent study by Accenture and Oxford Economics.

French Foreign Minister Laurent Fabius has endorsed early warning and risk reduction systems for the world's vulnerable nations. At a UN conference in Japan, he said two thirds of disasters…

Singapore has been ranked the most competitive economy in Asia for the second year running, according to a report released by the Boao Forum for Asia, an annual economic forum to be held in…

A 15% rally in European shares this year has driven valuations to seven-year highs, leading investors to seek whatever bargains are left in distressed sectors such as banks and mining, Reuters…

A senior US diplomat said it was up to individual countries whether to join a new China-led international development bank as media reports said a growing number of close US allies were ignoring…

The World Bitcoin Association, which was founded in Zurich, Switzerland, had filed for bankruptcy protection in New York. In a filing Monday in US Bankruptcy Court in Manhattan, the World Bitcoin…

Chinese billionaire Guo Guangchang’s Fosun International Ltd. is weighing a bid for commercial property broker Cushman & Wakefield Inc., people with knowledge of the matter said. The Shanghai-…

The financial support promised by the International Monetary Fund (IMF) to Ukraine for restoration of the national economy won’t be enough, the country’s Finance Minister Natalie Jaresko said…

Dubai house prices fell the most in the world in the second half of last year with a 6.2 percent average drop, according to Knight Frank’s Global House Price Index published Tuesday.…

The US has reached its legal debt limit of $18 trillion –more than the country’s entire GDP. Lawmakers will either have to again lift it, or attempt to cap spending.

The prices of long-term government bonds have been running very high in recent years (that is, their yields have been very low). In the United States, the 30-year Treasury bond yield reached…

The UK government said it will increase the minimum wage and further boost apprentices’ pay as it seeks to rebuff opposition Labor Party assertions that it’s ignored the effect of a rising cost of…

Germany’s investor confidence in Europe’s largest economy rose for the fifth month in a row in March, suggesting that economic recovery is still building momentum but the lower-than-expected…

Britain’s most expensive parking space has gone up for sale for £480,000 ($708,801) – that’s more than double the cost of an average UK home, NewsNow reported. Taking into account stamp duty costs…