World Economy

Greece has already received two bailouts totaling 240b euros but fellow eurozone member Ireland said last week that it would have to negotiate a third program, World Bulletin reported. Greek Prime…

(P)GCC bonds could see further yield spread compression in the coming months, despite low oil prices, as global investors hunt for yield and a spate of redemptions frees up cash for reinvestment…

Norway’s sovereign wealth fund, the biggest in the world, has nearly doubled in three years, Markets Spector quoted the central bank as saying. The result would make all 5.2m Norwegians…

The banking industry has undergone major reform in the years since the financial crisis to make it more stable and secure.

Chinese Premier Li Keqiang has reassured that the world’s second largest economy is not in a deflation as its Consumer Price Index (CPI) had recorded positive growth in the first two months of the…

In one of the largest transactions seen in Australia, a consortium of private equity firm KKR & Co, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital…

With unemployment tumbling, the Federal Reserve in US this week is expected to set the stage for its first interest rate hike since 2006 despite concerns about meager wage growth and inflation.…

The International Monetary Fund approved a $17.5 billion aid plan for crisis-wracked Ukraine, whose economy is reeling from a pro-Russia insurgency in its industrial heartland.

The new loan…

Taiwan’s service sector remained stable in January, flashing a “green light” for the 11th consecutive month, according to the Commerce Development Research Institute (CDRI).

Healthy stock and housing markets continue to bolster household wealth for Americans, reaching a new high in the last quarter of 2014 to $83 trillion, the Federal Reserve reported this week.

The textile factories producing “Made in China” goods from compounds just across the Yalu River from North Korea offer a glimpse into a hidden world that is helping North Korea’s economy to thrive…

Italy’s asset management industry hit record AUM (asset under management) of €1.632t ($1.71t) in January 2015. Still, the country’s economy struggles to take off again.

Italy’s GDP went…

Bitcoin may still be the fringe coinage of technophiles, but the idea behind the cryptocurrency is rapidly marching towards mainstream, Reuters reported.

The Reserve Bank of India has entered into currency swap agreement with Sri Lankan central bank for $1.5b, a measure that will help keep the Sri Lankan rupee stable, even as the two countries…

Cypriot authorities further eased restrictions on capital transfer out of the country, according to a decree to come into effect on Monday, Xinhua reported. The decree, to be valid for three weeks…

Indonesia’s Financial Services Authority said it will look into easing the investment rules that govern how the country’s insurance and pension funds invest in bonds, AsiaFirst reported. The…

US producer prices fell in February for a fourth straight month, pointing to tame inflation that could argue against an anticipated June interest rate hike from the Federal Reserve, Reuters…

The Irish Small and Medium Enterprises Association (ISME) have claimed that negative inflation is a cause for concern, Business World reported. Referring to today’s CSO February inflation figures…

The year 2015 has kicked off successfully for the German fund industry, which recorded record inflows of €27.5b ($29b) throughout January, according to the latest data presented by German…

The euro’s slide towards parity with the dollar will provide a much-needed boost for European companies this year and force US rivals to adapt their businesses or risk losing market share.

Egypt has secured more than $19 billion in investment pledges on the first day of the investment summit held in the Red Sea resort of Sharm el-Sheikh.

Saudi Arabia, Kuwait, the United Arab…

The French financial prosecutor’s office has demanded that HSBC’s Swiss private bank face a criminal trial for tax evasion.

The request follows an investigation by local magistrates into…

Russia’s Central Bank expects the country’s GDP recovery growth at 5.5-6.3% in 2017, the regulator said in its monetary policy report, Tass said. In its previous forecast, it expected the domestic…

The Irish economy grew 4.8% in 2014, the fastest pace in Europe, in a sign the country has emerged from its troubled financial chapter since becoming the first eurozone country to exit a bailout…

The International Monetary Fund (IMF) handed Ukraine a $17.5 billion lifeline Wednesday as the United States agreed to send military aid to bolster its forces against pro-Russian rebels – but…