World Economy

Sao Paulo, Brazil, was once nicknamed Cidade da Garoa, or the city of drizzle. But that name hasn’t fit in years. The city of 20 million people is now the epicenter of Brazil’s worst drought since…

France’s private sector has unexpectedly expanded at the fastest rate in 3-1/2 years this month, a survey showed on Friday.

Markit’s preliminary composite purchasing managers’ index jumped…

The German economy picked up momentum this month as manufacturing continued growing and services expansion accelerated.

Markit Economics said its composite Purchasing Managers Index of both…

The African Development Bank (AfDB) has published a new economic paper on the Middle East and North Africa, entitled “Trade Volume and Economic Growth in the MENA Region: Goods or Services?”

The euro fell against the dollar for a third consecutive day on Friday, as traders remained cautious before a meeting on Greece’s request for a six-month loan extension, Business World reported.…

Greece's government on Wednesday offered debt forgiveness to thousands of individuals and companies that owe the state money, hoping to secure a fraction of arrears.

Junior finance minister…

Croatia’s new President Kolinda Grabar-Kitarovic may have won a narrow victory in January, but she is calling for a wide consensus to improve the country’s beleaguered economy, New Europe…

The Philippines’ balance of payments (BOP) surplus stood precariously near the edge of positive territory at the start of 2015, losing much ground from December when it looked to have made a…

Bank of Japan Governor Haruhiko Kuroda said he remains on standby to adjust monetary policy if needed after the policy board on Wednesday maintained record stimulus.

Swiss prosecutors are investigating the country’s arm of HSBC for suspected money laundering as the scandal over the bank’s alleged tax avoidance schemes deepens.

A search has been ordered…

In Milan’s teeming commercial district, something unusual is happening this winter — Italians are shopping.

The proposed introduction of value added tax (VAT) would help the (P)GCC to rebalance local economies and maintain public services but could also stimulate the growth of a nascent black market,…

Stocks stormed to multi-year highs on Wednesday as investors shrugged off the uncertainty over Greece’s debt negotiations with its creditors, pinning their hopes that a deal will be reached by the…

Greece is expected to request a six-month extension of its loan agreement on Wednesday, according to reports, BBC said. The loan would not be an extension of the current bailout agreement, which…

 PSA Peugeot Citroen posted its first annual profit in three years after slashing costs by closing a plant, cutting jobs and reducing spending on new car models. Operating income was 905m…

Sony Corp. forecast a surge in operating earnings by fiscal 2017 as Chief Executive Officer Kazuo Hirai drives the company’s turnaround with games, image sensors and entertainment, Bloomberg said…

Malaysia’s consumer price index in January rose 1% from a year earlier, its smallest increase since November 2009, reflecting the drop in global oil prices. Statistics Department Wednesday…

The number of people in employment in Scotland has reached a record high of 2,625,000, according to Labor Market Statistics published Wednesday by the ONS covering the period October-December 2014…

The Swiss National Bank (SNB) will cut interest rates again in an effort to head off economic damage from the franc’s surge after scrapping its currency cap, according to a survey.

More than six years after the global financial meltdown erupted in September 2008, the world economy is increasingly coming to resemble a minefield with any number of potential flashpoints that…

The economic sanctions against Russia are producing a tangled web that often hurt western companies more than the Russian exporters.

More than six months after their initial imposition by…

 In 2015, the majority of businesses expect to increase salaries by a maximum of 5 percent, whereas working professionals believe their monthly salaries will jump by over 10 percent this year…

Singapore is counting on its position as an Asian financial hub to bolster services exports as overseas demand for its goods falters amid an uneven global recovery, Bloomberg reported. The growing…

A survey shows that investor confidence in Germany, Europe’s biggest economy, has risen to its highest level in a year though the increase was a little short of expectations amid concerns…

Economics is known as “the dismal science” but today it’s delivering some upbeat news: prices are rising at the slowest rate on record as inflation falls from 0.5% to only 0.3% in January, ITV…