World Economy

Australia’s central bank has joined Asia’s easy money brigade by slashing interest rates to a record low, firing up stocks but sinking the Australian dollar. Will it be enough to save a faltering…

Has the European Central Bank gone feral? If it has, this is an appalling vista which must be dealt with. But it’s not clear how.

It’s easy to criticize the ECB for its actions, inactions,…

The United States and European Union agreed to work “full throttle” to secure the world’s biggest-ever free trade deal despite growing skepticism on both sides of the Atlantic.

US employers kept their doors wide open for new hires in January, capping a three-month surge that saw a stunning 1 million jobs created across the country.

A better-than-expected January…

Troubled state-owned investment fund 1Malaysia Development Bhd (1MDB) has called off plans to sell up to 8.4 billion ringgit ($2.4 billion) of Islamic bonds, two people familiar with the issue…

Walkie-talkie and radio systems maker Motorola Solutions is looking into a possible sale, Bloomberg reported, citing unnamed sources. The 87-year-old company is working with financial advisers as…

Angola’s cabinet has cut proposed 2015 budget spending by 1.8t kwanza ($17b) to 5.4t kwanza after slashing expected oil revenues, the Angola News Agency (ANGOP) said. The revised budget figures,…

Mexican auto part factories are likely to post record output in 2015, growing, in value terms, by 5% from the $82b produced last year, a top industry leader said, Reuters reported. The car…

Treasuries fell for the first week this year as US employment strengthened, reviving speculation the Federal Reserve may increase interest rates as early as the first half of the year, Bloomberg…

The pound had its biggest weekly gain in a year and UK government bonds slid on evidence of an improving British economy, Bloomberg said. With manufacturing and construction expanding at a faster…

Dry weather in Brazil is giving coffee a kick. Traders and analysts have been watching weather forecasts for Brazil’s main growing region to see if there will be enough rain to overcome concerns…

 Greece’s new government put itself back on a collision course with the European Union on Friday by demanding temporary funding before renegotiating its foreign loans, prompting fresh…

Implementation, investment, and inclusiveness: these three policy goals will dominate the G-20 agenda this year, including the first meeting of finance ministers and central bank…

The ruble-denominated MICEX index has gained 2.38 percent reaching 1,736, its highest level since July 2011. Markets rallied on rising oil prices, after Brent reached $58 per barrel.

Calm…

The Bank of Italy raised its economic growth forecasts for the country after the European Central Bank committed to asset purchases to spur a recovery and inflation across the 19-nation region,…

Since the government started tracking unemployment data by race, the unemployment rate for black Americans has never been lower than that of white Americans, NewsNow reported. In fact, it has…

Global debt has soared by $57 trillion since the outbreak of the financial crisis in 2007, with the debt to GDP ratio jumping to 400 percent in Japan. This raises questions about financial…

Uncertainty over the future path of oil prices could throw a wrinkle into the International Monetary Fund's predictions for the global economy, its staff said in a note on Friday.

Gold prices fell 1.4% on MCX futures soon after US job data was announced in early US trading hours. Employers in the US added more jobs than forecast in January.

The…

Egypt’s allies in the Persian Gulf have reinforced their support for President Abdul Fattah Al Sissi’s government with a new commitment to deposit $10 billion (Dh36.78 billion) in Egypt, giving…

Portugal’s fourth quarter growth is going to be weaker than expected with analysts at Montepio bank downgrading their growth estimate from a 0.5 percent to 0.4 a percent rise in GDP, according to…

World food prices are unlikely to rise much from their four-year slump as long as high production, low oil prices and limited import demand continues, a senior economist for the United Nations…

Singapore’s Temasek Holdings Pte has told Standard & Poor’s in 29 pages why it shouldn’t mess with the state-owned investor’s AAA rating.

In blocking their last relatively normal route of financing, the European Central Bank has further weakened Greek banks which have for years been operating on life support, experts said Thursday…

Following review of Pakistan’s economic performance, the IMF staff mission has recommended release of $518 million to Islamabad, as the Fund acknowledged improved economic activity in the country…