World Economy

Deutsche Bank and Hewlett-Packard (HP) have announced a ten-year, multibillion dollar agreement that will further modernize the Bank’s global information technology …

Taiwan’s Ministry of Economic Affairs (MOEA) approved 277 foreign direct investment projects (except from China) with a total value of $313.16m in January 2015, increasing 1.09% and decreasing 3.…

French business confidence in the manufacturing sector ticked down slightly in February, although it remains close to the long term average, Dow Jones reported. Confidence among business leaders…

Iraqi President Fuad Masum underlined the need to declare Basra the economic capital of Iraq, IraqiNews reported Tuesday. Masum said at a press conference in Basra that this town with its abundant…

The International Monetary Fund (IMF) has approved a three-year loan program worth Euro 1.2b ($1.36b) for Serbia.

The Serbian government intends to treat the program as…

The Nicaraguan government and a Chinese development company have started work on what they claim is the world’s largest infrastructure project: a new canal to connect the Pacific Ocean and…

A new study in Canada into tax-free savings accounts (TFSA) says there is no justification “on either economic or equity grounds” for doubling the contribution limit without conditions.

Hitachi will buy the rail and traffic signal businesses of Italy’s Finmeccanica for an estimated $2.1 billion, reports said on Tuesday, as the Japanese firm looks to expand overseas and challenge…

With strong trade and banking links with Greece, Bulgaria and its Balkan neighbors remain highly vulnerable to the threat of Greek financial collapse, even though dependence is lower than it…

Cyprus won’t need another restructuring on the loan it received from Russia and will meet its obligations on time, Georgios Kasoulides, ambassador of the Republic of Cyprus to Russia said in an…

HSBC Holdings Plc has set aside $550m more to cover potential fines for alleged manipulation of foreign exchange markets and warned it could face a $500m bill to compensate US…

South Korea said it had received two bids on Tuesday for a multi-billion dollar fighter jet contract, with foreign makers Airbus and Lockheed Martin each partnering with a Korean firm to submit…

Consumer inflation in the United Arab Emirates (UAE)  jumped 3.7% in January, highest since 2009, compared to the same period last year, TradeArabia quoted National Bureau of Statistics as…

The European Commission has confirmed that it has received a list of proposed economic reforms from Athens, DW said. EU finance ministers were to review the reforms before deciding whether to…

At least 10 major banks, including Barclays, HSBC and Goldman Sachs, are under investigation by US authorities over potential rigging of the precious metals market, according to a report.

The world is fast approaching the time when it will become obvious to all that mortally-wounded economies cannot be resuscitated by a massive increase in credit from central banks.

Nations…

Germany’s public finances were back in the black in 2014, when Europe’s biggest economy clocked up a surplus equivalent to 0.6% of overall output, official data showed Tuesday.

Nigeria’s National Bureau of Statistics (NBS), says the country’s real Gross Domestic Product (GDP) growth rate recorded an impressive mark moving to 5.94 percent in the fourth quarter (Q4) of…

HSBC Holdings PLC closed 21 branches across Brazil last year amid tepid economic activity in the Latin America nation, NewsNow reported. “We continued to rationalize our branch network,…

North Korea’s economy minister left Monday for Russia, amid signs of improved ties between the neighboring countries, Yonhap reported. Ri Yong-nam, minister of external economic relations, is…

Ukraine’s currency plunged to new record lows on Monday morning, as a failed peace plan and continued violence piled more pressure on a country that has seen a year of political and…

Overcoming hunger and malnutrition in the 21st century no longer means simply increasing the quantity of available food but also the quality.

The sanctions, imposed on Russia by the European Union, badly affected Cyprus, official government spokesman of Cyprus Nikos Christodoulides said.

A rising tide is supposed to lift all boats, but some are still lagging behind even as the US economy makes rapid advances.

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