World Economy

With India forecast to be world’s fastest growing major economy by 2016-17, super luxury car maker Rolls-Royce is gearing up to tap the country’s billionaires with new models, including new…

China’s factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January and firms see more gloom ahead, an official survey showed, raising expectations that policymakers…

The Canadian dollar is down below 80 cents, the lowest it’s been since the dark days of the recession. The loonie is trading at 79.08 cents US at noon, down 0.79 of a cent.

The loonie hasn’…

The Philippines can take advantage of boosting the economy’s service sector as it leads the world’s largest economic gathering in 19 years, Rappler quoted NEDA as saying. NEDA is host to 4 events…

Prime Minister Alexis Tsipras sought to repair relations with Greece’s creditors ahead of a diplomatic push to win support for his economic program, as euro area officials said they’re looking for…

Panasonic has closed its last remaining TV manufacturing factory in China and is to sell its plant in Mexico as part of a restructuring plan aimed at stemming losses, it was reported on Saturday…

After a steep 2.4 percent decline on Thursday in global markets on massive sell-offs, gold entered into bullish territory on Friday, following the statement by the Federal Open Market…

The State Bank of Vietnam announced that it aims to bring rates on mid to long term loans down by 1-1.5 percentage points this year, a plan deemed necessary to support economic recovery, Thanhnien…

Japanese inflation slowed again in December, official data showed, as weak consumer spending and falling energy prices challenge Tokyo’s war on deflation, increasing pressure on the Bank of Japan…

Russia’s economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts’ forecasts of a 4-5 percent drop.

The issue of rising income inequality loomed large at this year’s World Economic Forum in Davos. As is well known, the United States’ economy has grown significantly over the past three…

Of the (Persian) Gulf Cooperation Council ((P)GCC) countries, the UAE made the strongest stride in the 2015 Index of Economic Freedom. The report, brought out by Heritage Foundation and …

Economists are at their best when they challenge conventional wisdom and debunk the spurious claims of vested interests. The boffins at the Organization for Economic Cooperation and Development (…

India’s economic growth was revised upward to 6.9% in financial year 2013-14 from an earlier 4.7% on Friday after the government changed the formula to measure the economy by matching it with…

Leading investment bank J.P. Morgan Chase predicted China’s economy will maintain steady growth in 2015, boosted by rising consumption and the service sector, Xinhua reported. “We are still…

Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity, TradeArabia reported. The acquisition…

There’s a good reason the US economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness, AP reported. Companies have been hiring at…

China Minsheng Investment Co Ltd (CMI) plans to open a unit in Singapore with capital of S$2 billion , and offices in London and North America with a similar sum, in line with a government push…

International rating agency, Moody’s Investors Service’s positive outlook for Malaysia is a reaffirmation that the country’s economy is on the right track, Prime Minister Datuk Seri Najib Tun…

Deflation across the 19 countries that use the eurozone currency is gathering pace.

In January, prices in the eurozone were 0.6% down on their levels a year ago. The figure shows the…

Greece's new left-wing finance minister has said he will not negotiate the terms of the country's bailout  with the "troika" team from the European Union and International Monetary Fund…

South Korea’s Samsung Electronics Co. has purchased Simpress, Brazil’s largest printing solutions services company, Yonhap News Agency reports.

The 100 percent stake takeover of …

The bond market is sounding the alarm about what’s in store for the Canadian economy, NewsNow reported. On Tuesday morning, the yield on the five-year government of Canada bond sank below the Bank…

Using data from the first nine months of the year, the Venice-based Leone Moressa foundation said 2.4 million residents born outside of Italy were in jobs, The Local said. Those workers…

Stating its great time to invest in India, Minister of State for Finance Jayant Sinha Friday said the Indian economy has potential to become a $4-5 trillion economy in the next 10-12 years.