World Economy

Economic ministers from the Association of Southeast Asian Nations (ASEAN) expect the region's economy to perform better this year despite the uncertain global outlook.

They said this on…

The Private Sector Organization of Jamaica (PSOJ) reckons that the discipline of the International Monetary Fund (IMF) has helped Jamaica to maintain a fairly stable economy despite a 0.3 percent…

Chinese telecom equipment maker Huawei on Sunday launched its first smartwatch, a round-faced device that works with Android phones, joining a crowded market weeks before the introduction of the…

Describing the proposed gold deposit scheme as “game changer”, India’s economic research department has said it will help attract at least Rs 1 trillion ($16.2b) in deposits on the precious metal…

The European Commission, which polices the budgets of EU countries, urged France to reduce its deficit at a slightly faster rate than foreseen by Paris to meet the bloc’s budgetary rules by 2017…

Turkey signed an agreement with the EU Commission for a seven-year €920m ($1b) “Employment and Social Innovation Program” in Ankara, Turkey’s EU Ministry announced.

Google unveiled a plan for a new headquarters campus that includes waterways, public gardens, covered bikeways and modular building structures, AFP said. The redesign for Google’s headquarters in…

China on Saturday cut interest rates for the second time in three months, adding to signs that Chinese leaders are worried that the economic slowdown is deepening too sharply.

As the euro and the yen are depreciating, rendering the US less competitive in international trade, America must apply a brand new approach to economic policies to spur economic expansion and…

Plant Impact is making that tricky transition from innovative developer of crop enhancement products to cash generative supplier to the world’s largest agricultural market.

Investments in small and medium-sized enterprises (SMEs) will be a key topic of discussion at the Annual Investment Meeting (AIM) 2015, to be held from March 30 to April 1 at the Dubai…

Inflation in Spain continues to contract. In February, the annual pace of inflation came in at -1.1%, above the previous month’s figure of -1.3%, as well as exceeding estimates for -1.5%. Over the…

Indian PM Narendra Modi’s government has unveiled a business-friendly budget aimed at attracting greater investment for the economy, BBC said.  Finance Minister Arun Jaitley announced an…

High-yield bonds, disdained by investors less than a month ago, have become the most sought-after fixed-income assets as dissipating volatility in the energy market has investors around the world…

The contracts with Russia’s biggest oil company Rosneft damaged by the West’s anti-Russian sanctions have cost ExxonMobil $1 billion, the company said in its annual report, RT reported. “In 2014,…

Greece will not need a third international debt bailout when its current program ends in four months, the country’s prime minister has said.

Alexis Tsipras vowed his government would “start…

A study by the International Monetary Fund tracked three decades of income and found that as unionization declined, the wealth of the richest 10 percent in advanced countries showed a continuous…

On Feb. 6, 2015, US banks stopped money transfers to Somalia because of strict regulations set by the Office of the Comptroller of the Currency over concerns of money laundering and funding for…

The New York state financial regulator has subpoenaed three major European banks and a US peer in a probe of foreign-exchange rigging, sources close to the situation told AFP.

Bank of Ireland, the country’s largest by assets, is back in the black, making a profit in 2014 for the first time since 2008, Euronews reported. Growth has been regained with a mixture of…

Moody’s Investors Service for credit rating expected that the rates of Egyptian economy growth will range between 4-4.5% for the current year, AllAfrica reported. The sector said in a press…

The government camp in the German Bundestag will approve an extension of Greece’s bailout with a substantial majority. Though the conservative bloc is doing it grudgingly, the Social Democrats…

India is to start negotiating a free trade agreement with the Customs Union of Russia (CUR), Belarus and Kazakhstan within the next six months, Indian Deputy Minister of Commerce and Industry…

Fresh off a $532.9m jury win against Apple Inc, a Texas company is again suing the tech giant, this time over the same patents’ use in devices introduced after the original case was…

Euro-denominated emerging market sovereign issuance will soar to its highest levels in 10 years on the back of the European Central Bank’s quantitative easing program, as issuers outside the…