World Economy

Reserve Bank of India Governor Raghuram Rajan said on Wednesday that inflation was still a concern but added the deflationary global environment gave the central bank some elbow room with monetary…

The eurozone private sector grew at its fastest pace in six months in January as firms slashed prices at the steepest rate in nearly five years, a business survey showed on Wednesday.

Russia’s borrowing costs are high for an economy battered by falling oil prices even after an unexpected cut last week, according to the chief policy maker, Bloomberg reported.

China’s central bank increased its economic stimulus measures even further Wednesday amid growing concerns about the rate of expansion in the world’s second-largest economy, CNBC reported. The…

US President Barack Obama on Monday proposed a $3.99 trillion budget that drew scorn from Republicans and set up battles over tax reform, infrastructure spending, and the quest to…

Chinese e-commerce giant Alibaba Group has inked a partnership with peer-to-peer lending website Lending Club to help US businesses purchase from China-based suppliers on the group’s online…

The Reserve Bank of Australia has cut its key interest rate by 25 basis points to an all-time low of 2.25%, BBC reported. The cut was the first in 18 months. In reaction to the move, the benchmark…

The EU opened an investigation on Tuesday into tax deals that Belgium may be granting multinational firms, the latest in a widening probe into sweetheart tax arrangements across Europe.

Venezuela’s economy is set to shrink by 7 percent in 2015, according to the International Monetary Fund’s (IMF) latest figures from last month. The country, which used to be hailed as a ‘socialist…

Greece’s new government received welcome support from US President Barack Obama on Sunday for its efforts to loosen austerity programs amid tough rhetoric from its European creditors.

The Philippines may surpass China to be Asia’s fastest growing economy this year, but its bigger challenge is working out how to sustain and share the gains of the past five years to secure longer…

Russia, India and China (RIC) stand for emerging market countries’ greater role in the global economy’s governance and the quickest reform of the International Monetary Fund (IMF), Chinese Foreign…

Standard & Poor’s has reached a $125 million settlement with California’s public pension system, Calpers, to resolve a case involving inflated grades of residential mortgage deals that later…

Germany’s 10-year yields were below those of Japan’s for the first time on record as European government bond markets began trading, Bloomberg said. Yields on German debt, the euro area’s…

Brazil had a trade deficit of $3.17b in January, after posting a surplus of $293 million in December, the country’s trade ministry said, Nasdaq reported. Slow economic growth in many of Brazil’s…

The European Central Bank is considering withdrawing from the “troika” of international lenders that governs Greece’s international bailout, Busienss World reported on Tuesday. The debate about…

A Chinese solar energy tycoon has replaced e-commerce giant Alibaba’s founder Jack Ma as the country’s richest man with a fortune of $26b, a wealth survey showed Tuesday, France24 reported. Li…

Portuguese exports put on 3% growth over the course of 2014 and were it not for the drop in the price of oil, the surge would have been over 5%, the Economy Minister Antonio Pires de Lima told…

The world’s wealthy still consider Switzerland the best place to park their riches despite tax evasion scandals ending banking secrecy. Swiss banks held $2 trillion (CHF1.87 trillion) of offshore…

Gold advanced for a second session in three on Tuesday as a wobbly outlook for the global economy burnished bullion’s safe-haven appeal, with holdings at the top gold fund at their highest in four…

Financing companies for China’s cities are venturing overseas as the government clamps down on fundraising onshore amid mounting concern about record debt.

US consumer spending recorded its biggest decline since late 2009 in December, with households appearing to save the extra cash from cheaper gasoline, which could support future consumption. The…

President of the European Commission Jean-Claude Juncker wants to get rid of the so-called troika of international creditors that are administering Greece’s debt, Sputnik…

There has been a big pick up in Spain’s economy helped along by consumer prices falling further, Euronews said. Preliminary figures show notable annual growth for the first time since the crash…

Russian manufacturing slipped to a 5 1/2-year low as the nation’s worst currency crisis since 1998 stokes inflation and weighs on businesses already facing a recession.