World Economy

 Japan’s economy probably limped out of its fourth recession since 2008 last quarter, with a report Friday showing industrial production eking out a gain in December after a slide the…

Jack Ma’s fortune dropped $1.4 billion Thursday, the most among the world’s 400 richest people, as Alibaba Group Holding Ltd. shares posted a record slump after the company missed revenue…

Russia’s central bank unexpectedly cut its benchmark interest rate by two percentage points, letting the ruble slide as the economy sinks toward recession.

The one-week auction rate was cut…

Investment advisors are less bullish on the economy than they were a year ago, according to a new survey, but their outlook on US financial markets remains largely positive.

Unemployment in Singapore remained low in December last year with more local employed, while foreign worker growth continued to moderate, according to the Ministry of Manpower (MOM), Bernama…

Australian Treasurer Joe Hockey concedes that marked changes in the Australian currency can be disruptive for business, Yahoo reported. But history shows the economy can cope with a falling…

Taiwan’s economy grew 3.51% last year, slightly above the government’s earlier forecast of 3.43%, according to an advance estimate released by the Directorate General of Budget, Accounting and…

Sri Lanka’s external sector improved further with continued inflows being recorded in the Balance of Payments (BOP). Cumulative foreign exchange inflows to the country in the form of earnings from…

The International Monetary Fund (IMF) said late Thursday that the economic activity of the West Bank and Gaza contracted for the first time since the war on Gaza in the Summer of 2006 and mounting…

Global foreign direct investment (FDI) inflows in 2014 slid by 8 percent to an estimated $1.26 trillion dollars, said the United Nations Conference on Trade and Development (UNCTAD) in…

The Doha-based airline Qatar Airways has bought a 9.99% stake in International Airlines Group (IAG). This comes just days after the group made a third bid for Aer Lingus.

China and France reinforced their ties with new deals in nuclear power, aviation and ecological protection on Thursday, and the two sides promised to reduce Beijing’s widening trade gap with Paris…

Russia’s total loss from both sanctions and oil price fall accounted for $200b, or even more, Finance Minister Anton Siluanov told CNBC TV channel, APA reports. He added that the plunge…

Malaysia’s central bank held its key interest rate steady at 3.25% on Wednesday, saying the economy remained on a steady growth path and inflationary pressures were easing.

Tajikistan’s Minister of Economic Development and Trade, Sharif Rahimzoda, noted on Wednesday that the plan of actions on minimization of risks of global financial and economic crisis for the…

Qatar looked to have won a drawn-out bid to buy London’s Canary Wharf on Wednesday after the owner of the landmark office quarter said its main shareholders favored a sale.

The board of…

With broad public resistance and a European Parliament majority against it, EU officials are rethinking their positions on the proposed free-trade agreement with Washington. Many fear…

China’s yuan has become the world’s fifth most widely-used payments currency, with the value of cross-border deals settled in it more than doubling in 2014, data from transactions organization…

Young people in Latin America now enjoy greater access to education. But in many cases their future is dim due to the lack of opportunities and the siren call of crime in a region where 167…

India garnered international attention this week for its climate action.

As President Barack Obama visited the country at Prime Minister Narendra Modi’s invitation, the two leaders…

The Russian government has proposed cutting planned spending by 10 percent this year and 5 percent in all categories except military and social expenditures, AP reported. Russia’s economy is…

Investors wiped $35b off Microsoft Corp’s market value on Tuesday without any clear-cut, Business World reported. The world’s largest software company, whose shares had climbed about 30% over the…

According to market research group GfK, German consumers are more upbeat than they have been for more than a decade. They expect the cost of living to fall and incomes to rise amid a general…

Deal volume in the global mining and metals sector reached a 10-year low in 2014, with transactions driven by divestments and forced sales in the face of falling commodity prices and risk-averse…

The price of just-mined diamonds is falling. But the outlook for the prices consumers pay is less clear.

This week, two British companies that mine for diamonds said prices for rough stones…