World Economy

Forecasts this week by the World Bank revived a prediction often made down the years: that growth in one of the Asia’s fast emerging market, India, would outdo that in the other, China…

China’s economic growth may be as high as 7.3 percent this year, partly due to falling commodity prices, the official Xinhua news agency quoted an academic advisor to the central bank’s monetary…

The current crisis in Russia is the perfect time for investment and creating a new model of development. Switching to technology exports would help the country overcome the crisis as fast as it…

Standard Chartered’s abrupt move to shut its global equities business last week could be a prelude to the lender selling off stakes in a number of Asian banks as it looks to boost capital, people…

The chief executive of Deutsche Bank’s retail arm Postbank strongly advocates having Deutsche sell a large portion of Postbank’s shares on the stock market rather than to another bank, Reuters…

Moody’s Investors Service has downgraded Russia’s government bond rating to Baa3/Prime 3 (P-3) from Baa2/Prime 2 (P-2), Moody’s said. The rating was also placed on review for further downgrade,…

Overseas visitors can now claim tax refunds on purchases across China, the Ministry of Finance announced on Friday, to boost inbound trips and domestic consumption, Xinhua reported. …

Bahrain’s economy grew 5.1% from a year earlier in the third quarter, according to new figures released by the Bahrain Economic Development Board (EDB), Arabian Business reported. The EDB said the…

Among the Persian Gulf nations, Kuwait is showing the most serious intent to introduce far-reaching economic reforms in the aftermath of the sustained oil price drops. Gulfnews reports. …

The Swiss central bank’s surprise decision to stop trying to cap the franc at 1.20 francs per euro has caused ripples in markets worldwide. But the biggest impact will be on Swiss companies, DW…

Electric utilities in the US can expect an extra $12 billion a year in annual revenue by 2030 as heat waves increase the demand for air conditioning. Oil and gas companies may find it easier to…

At the warehouse of Modnakasta, one of Ukraine’s largest online retailers, the air hums with the lively chatter of workers and sound of hundreds of boxes being packed and sealed.

It sounds…

As the Great Recession was taking hold in America, economists and investors debated how, in this age of globalization, other countries and markets could avoid the financial fall-out. The Chinese…

Egypt’s economy is expected to grow by 2.9% during the current FY (2014/15), up from a 2.2% growth during the previous FY, the World Bank announced in its recent Global Economic Prospects report…

Prime Minister Erna Solberg says the Norwegian economy is well prepared to tackle the transition from today’s oil dependent situation to a new economic normality, Kulturnett reported Saturday.…

Zimbabwe continued on a fresh slide into deflation in December as prices fell due to tight liquidity, AFP said. Prices decreased by an average of 0.80% between December last year and the same…

The government of crisis-hit Croatia said the debts of tens of thousands of its poorest citizens will be scrapped, NewsNow reported. “This is a one-time measure due to the difficult social…

Italy and Switzerland have reached a preliminary accord on tax information sharing as part of a drive to combat tax evasion, a senior Italian official said on Thursday, adding that an agreement…

Germany’s economy grew at the fastest pace in three years in 2014 and posted a third consecutive fiscal surplus as it overcame a mid-year stagnation.

China announced fresh support measures on Friday for its slowing economy after data showed a worrying drop in bank lending and foreign investment growth falling to a two-year low.…

US stocks fell for a fifth straight session Thursday as bank results disappointed and investors fretted over the potential impact of global economic weakness on US corporate earnings.

After months of preaching monetary discipline to fend off inflation, the Governor of the Reserve Bank of India, Raghuram Rajan, shocked India on Thursday by unexpectedly slashing the benchmark…

Gold traded near its highest level in four months on Friday and looked set to post its best week in ten months, as investors sought safety from market volatility after Switzerland unexpectedly…

Big US banks have gotten earnings season off to a bumpy start with a spate of reports that missed expectations and highlighted growing unease about the economy.

In the last two days,…

Toyota has been swamped by orders for its first mass market hydrogen fuel-cell car, the company said Thursday, with demand in the first month nearly four times higher than expected for the whole…