World Economy

India’s foreign exchange reserves rose $2.7b during the week ended February 6 to touch a new high of $330.2b as the Reserve Bank bought dollars, ETMarkets reported. The Reserve Bank of India…

Ireland saw a 2% increase in the value of exports in 2014 when compared with the previous year, according to CSO data, Business Plus reported. The value of exports grew to €89b ($101b) last year,…

Apple Inc will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700…

As Greek Prime Minister Alexis Tsipras goes into a Battle of the Titans with German Chancellor Angela Merkel, he may find he has as big a fight closer to home: taking on rich tax-evaders.

Lower oil prices will be sustained throughout 2015 but don’t expect any boost for the majority of the world’s countries, according to a global growth forecast from Moody’s Investor Service.

Chinese investment in the UK has reached an all time high with $13b invested in the past three years and overall financial transactions in the EU double 2013 levels.

The UK attracted almost…

Egypt has established a free trade zone with the Russian-led Eurasian Economic Union (EEU), which includes Russia, Armenia, Belarus, and Kazakhstan, President Sisi of Egypt announced at a joint…

Vietnam is projected to become the 22nd largest economy in purchasing power parity (PPP) terms in 2050, British auditor PricewaterhouseCoopers said in a report, Tuoitrennews reported Wednesday.

Kazakh president says there is no internal economic crisis and the country is able to withstand current global crisis resulted from the plunging global oil prices, Azernews reported Wednesday. “I…

Singapore reported its first decline in visitor arrivals since the global financial crisis, as a new Chinese law curbed tourists from the mainland while political turmoil in Thailand and aviation…

Venezuela allows a free-floating exchange rate for the country’s currency, Sputnik reported.

ING Groep NV plans to pay a dividend for the first time in almost seven years after repaying a state bailout, even as profit from its banking activities fell in the fourth quarter.

Turkey’s current account deficit widened more than expected in December, figures from the central bank showed Wednesday, Quick Facts reported. The current account deficit increased to $6.82b from…

Samsung has a lot riding on its upcoming Galaxy S6 and Galaxy S6 Edge smartphones and it’s apparently going all out to make sure they’re two of its best devices ever. PhoneArena…

Credit ratings agency Standard and Poor’s (S&P) has lowered its outlook on Saudi Arabia and Bahrain to “negative” due to the plunge in oil prices.

Given the high dependence on oil, the…

At the end of 2013, the European Union (EU) held Foreign Direct Investment (FDI) stocks of 54.1 billion euro ($61b) in the Persian Gulf Arab countries including Bahrain, Iraq, Kuwait, Oman, Qatar…

China may establish a free trade zone with the Eurasian Economic Union (EEU) in the future, says the Russian Ambassador to China Andrey Denisov. It would make trade with Russia, Belarus,…

Sanctions against Russia have a negative impact on Europe as a whole, Pier Carlo Padoan, Italy’s Minister of Economy and Finance, told RIA Novosti on Monday, Sputnik…

Consumer price inflation in Mexico fell more-than-expected last month, official data showed on Monday, Investigating.com reported. In a report, Insituto Nacional de Estadistica Y Geografia said…

The US economy has turned the corner, with sustainable growth in business activity and jobs, said Treasury Secretary Jack Lew. “We’re getting some benefit now from oil prices in terms of the…

Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to…

Financial officials and policymakers attending a Group of 20 (G-20) ministerial meeting have warned that weak growth and diverging monetary policies among major economies may make 2015 a difficult…

After years of trying to curb high inflation, which has weighed down the economy, the country seems to be facing a new risk for the first time: deflation.

Inflation consistently cooled in…

Prime Minister Alexis Tsipras of Greece has said he is sticking to plans to roll back austerity and rejecting an international bailout extension.

He said Greece, unable to service its debt…

The Russian government could set the price ceilings in the regions for essential foodstuffs that have seen a 30% growth in prices over the last month, Tass reported on Monday. It said citing Elena…