World Economy

Indonesia’s new President Joko Widodo has won praise for bold economic reforms at the start of his term.

Widodo, who will mark 100 days in power on Tuesday, was elected president in July…

 Italy is considering setting up a state-backed “bad bank” to help clean up its banking sector, Economy Minister Pier Carlo Padoan said. Bad loans force lenders to set aside…

India will soon see a surge in foreign direct investment, including from the US, as the country strengthens manufacturing sector under the ‘Make in India’ program, PTI quoted Minister of State for…

The Japanese economy will grow by around 2% in fiscal 2015, Bank of Japan Governor Haruhiko Kuroda said on Saturday at a panel discussion at the World Economic Forum in Davos, Switzerland, Reuters…

France has promised to accelerate efforts to revive its economy, taking advantage of a window of opportunity provided by the European Central Bank’s massive stimulus program, CNNmoney reported.

Smartphone manufacturers have been recently striving to manufacture thinner and thinner devices, bragging about the light form factor, and how well this might be suited for your every day’s life…

Amid a recovering world economy beset by risks, the outlook for Asia-Latin America economic ties seems bright. Asia needs commodities for its dynamic global factory and Latin America has abundant…

German Chancellor Angela Merkel has offered Russia negotiations with the EU on the “possibilities of cooperation in a joint trade area.” In return, Berlin expects “a comprehensive resolution” of…

ASEAN will officially call itself a single market by year’s end, but “big things” like seamless travel within the 10-nation bloc would only come in 2020, Malaysia’s trade minister told AFP in an…

World leaders and corporate bosses who have gathered in the Swiss mountain resort of Davos since Wednesday for the annual World Economic Forum will close their meeting today (Sunday). A key issue…

At the World Economic Forum (WEF) in Davos, Switzerland, the prospect of weakening economic growth and how to overcome it took center-stage. State-funded investment programs, such as the 300-…

Indian Prime Minister Narendra Modi has ramped up his target for solar energy as he bets on renewables to help meet rising power demand and overcome the frequent outages that plague Asia’s third…

Jens Weidmann, president of Germany’s central bank, the Bundesbank, openly criticized the decision of the European Central Bank (ECB) to print money in order to buy government bonds.

Most oil exporting countries will run fiscal deficits this year if crude price averages $57/bbl as currently indicated by markets, according to the International Monetary Fund.

French President Francois Hollande has called for the creation of a “green economy”, which would include participation from private companies as well as support from governments, World Bulletin…

The index of US leading indicators increased in December, extending its rise to four straight months, as the world’s largest economy expanded. The Conference Board’s index, a gauge of the outlook…

Beijing plans to shut 300 companies this year to help reduce choking air pollution in the Chinese capital. Beijing is “determined to migrate the capital’s non-core functions,” said Xinhua, citing…

Russian Prime Minister Dmitry Medvedev has outlined a draft of a program to deal with Russia’s financial crisis, World Bulletin reported.

The president of Goldman Sachs has urged Britain to stay within the European Union, warning, ahead of a May general election, that an exit would put the capital’s status as a major financial…

Ukraine has asked the IMF for a new and broader rescue package, and will seek to renegotiate its debt with bond holders, officials said as the war-torn country fights to save its reeling economy,…

The euro keeps falling. On Friday morning, the euro broke below 1.12 against the US dollar, a fresh 11-year low for the currency as markets continue to digest the QE announcement from…

The majority of the Afghans are more concerned regarding deteriorating economic situation in the country and believe the economic fall is more dangerous than the Taliban-led insurgency.

Emerging Asian economies will grow at a lackluster pace this year and next, held back by a slowdown in China and weak global demand, while cooling inflation will probably throw open the…

A US ruling slapping heavy duties on Chinese tyres was flawed, Beijing said, urging Washington to handle the case “prudently”.

The US Commerce Department on Wednesday announced a…

The World Economic Forum held in the Swiss ski resort of Davos has the official goal of “improving the state of the world.” In practice, it’s a massive networking event that brought together 2,500…