World Economy

A report released by Goldman Sachs about the future of money showed that despite tight government restrictions, the amount of bitcoin trading activity in China has risen, AsiaFirst reported.

 Big US banks, including JPMorgan Chase & Co and Citigroup Inc, are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase…

France has been given a two-year budget deficit extension by the European Union (EU) finance ministers.

The country needs to bring its budget deficit below three percent of GDP as part of…

In a shopping center full of sale signs in Broadmeadows, a Melbourne suburb with 27 percent unemployment, Soney Kul is struggling to shift half-price jewelry.

“People don’t want to spend,”…

Gross Domestic Product (GDP) in the G20 area grew by 0.9% in the fourth quarter of 2014, the same rate as in the previous quarter, according to preliminary estimates. However, patterns…

UK manufacturing output decreased by 0.5% in January, according to the latest statistics from the Office for National Statistics, Bloomberg reported. The index of production revealed there were…

The Fitch rating agency remains relatively optimistic about the Russian economy, saying $360b reserves and prompt state action support the country’s investment grade status. However, Russia’s…

Italy will commit eight billion euro ($8.6b) to European Commission President Jean-Claude Juncker's plan to boost economic growth, Prime Minister Matteo Renzi said Tuesday.

EU leaders last…

The International Monetary Fund’s rescue program for war-torn Ukraine reportedly assumes that Kiev will be able to secure $15.4b from talks with its international creditors. The assumption is…

The European Parliament has thrown its weight behind a draft bill that intends to cap debit and credit card transaction fees. It should put an end to a drawn-out battle with the world’s major…

China’s long-awaited international payment system to process cross-border yuan transactions is ready and could launch by year-end, Reuters reports, citing sources with direct knowledge of the…

The so-called “frontier market economies” are the latest fad in investment circles. Though these low-income countries – including Bangladesh and Vietnam in Asia, Honduras and Bolivia in Latin…

Hundreds of foreign construction workers have staged a rare public protest outside Dubai Mall in a pay dispute with their company, according to witnesses.

Authorities deployed riot police…

Irish, Italian and Spanish yields fell to new record lows Tuesday morning as peripheral eurozone debt caught up with Monday’s rally in core bonds after the European Central Bank’s €1 trillion ($1.…

Key bourses in Asia nursed losses on Tuesday, as a mixed bag of Chinese inflation data offset a positive lead from Wall Street. Meanwhile, the Japanese and South Korean currencies hit new lows…

India’s economic growth is firming up and prospects are looking better in most of the other major economies, OECD reportedly said.It has projected stable growth momentum for most major economies,…

Egypt’s economy grew by 5.6% in the first half of the 2014/15 fiscal year compared with 1.2% in the same period last year, Youm7 reports citing a minister. The country’s economy grew by 4.3% in…

Zimbabwe’s economy is expected to weaken further this year after growing by 3.1% in 2014, the International Monetary Fund said, while the Zimbabwean finance minister said Harare…

Gold prices have swung into defensive mode on fresh signs of resurgence in the US economy, wilting the metal’s safe haven appeal. Traders foresee further downside potential as stronger-than-…

Czech consumer prices rose in February, defying forecasts that the economy would slide into deflation for the first time since 2009 as the central bank defends its weak-koruna policy.

Russia’s lurch into recession has hit many tourism and luxury goods companies hard, forcing them to cut prices – and in turn costs – in an attempt to limit the damage.

Apple launched its long-awaited watch, including yellow or rose gold models with sapphire faces costing up to $17,000, but some investors questioned whether chief executive Tim Cook’s first…

French industrial production continued to rise in January, thwarting expectations of a decline after the surge at the end of 2014, statistics showed Tuesday, Nasdaq reported. French industrial…

Belarus is ready to sell a wide range of products to the Democratic People’s Republic of Korea, Belarus’ First Vice Premier Vasily Matyushevsky said during his meeting with North Korean Foreign…

Britain’s Serious Fraud Office is calling former traders of Barclays and Deutsche Bank for interviews as part of its investigation into whether the EURIBOR benchmark interest rate was rigged,…