The Swiss National Bank (SNB) came under a barrage of angry criticism last night (Thursday) after it plunged foreign exchange markets into chaos by unexpectedly scrapping its cap on the value of…
World Economy
Christine Lagarde, the head of the International Monetary Fund (IMF), has praised the recovery of the British economy.
Speaking during a round-table meeting about the global economy at the…
Lithuania has officially switched to using euro as the sole monetary value in the country, Tass reported. The euro went into circulation on January 1, 2015. Prices will continue to be posted in…
It has not been a good week for commodities. While oil’s latest decline was in the spotlight, copper plunged well below $6,000 a ton for the first time since 2009. That left the Bloomberg…
Australia’s unemployment rate fell slightly in December but remained near a decade-long high, official data showed Thursday, as expectations rose the country’s central bank will cut interest rates…
Taiwan Semiconductor Manufacturing Co said Thursday its fourth quarter net profit and revenue both hit record highs thanks to strong demand for chips used in mobile devices, reported to include
Consumer prices in Spain dropped a hefty 1.1% in December compared to the same month last year, a sixth straight month of declining prices the government expects to continue, AFP reported.
Japanese companies are increasing the portion of their investment in Japan, following the yen’s fall against the dollar, UBS Group AG says.
Japanese domestic capital investment rose 5.5…
Japan’s Cabinet approved a record 96.3 trillion yen ($814b) government budget for the coming fiscal year Wednesday after a tax hike to accommodate rising outlays for social security and defense,…
The rate of return on 10-year French government bonds fell to a record low Wednesday after weak inflation data was released and a return to caution among investors, AFP reported. At 0820 GMT the…
Prospects for the Indian economy look “very bright” with the remarkable turnaround witnessed in recent months on the back of lower current account deficit and the slew of reforms unleashed by the…
The preliminary ruling from the European Court of Justice on bond purchases in a crisis by the European Central Bank – so-called Outright Monetary Transactions – probably went as well for the ECB’…
Russia should benefit from its geographical proximity to the Asia-Pacific region, Prime Minister Dmitry Medvedev said on Wednesday.
Stock markets sank Wednesday after the World Bank downgraded its global growth forecast and the slump in oil and metals prices kept investors on edge.
In Europe, France’s CAC 40 fell 1…
In 2014, the external trade turnover of Tajikistan, including electrical power and natural gas, amounted to $5.319b, which was 106.3% of the 2014 level or $314m more, the first deputy head of the…
Rio Tinto Ltd expects to start exporting Australian uranium to India in the next two years, its chief executive said, as soon as safeguards are in place to restrict its use to power generation,…
South Korea’s jobless rate rose in December from a month earlier, with unemployment among young people hitting a 15-year high, government data showed Wednesday, AFP said. The jobless rate stood at…
Bank of America Corp. cut ties with about 150 hedge funds last year in its prime brokerage group because new regulatory requirements designed to make the financial system safer are…
Asia’s rapid accumulation of debt in recent years is holding back central banks from easing monetary policy to fight the risk of deflation, endangering private investment needed to boost faltering…
The World Bank cut its forecast for global growth this year, as an improving US economy and low fuel prices fail to offset disappointing results from Europe to China.
The world economy will…
Turkey aims to transform Business-20, the business branch of the G20, into a much more influential economic platform during the country’s presidency of the multi-national body.
This was the…
A senior lawyer at the EU’s top court found Wednesday that a hugely controversial bond-buying program readied by the European Central Bank is legal, just days before the ECB could launch its first…
Armenian citizens working in Russia are to be given equal labor rights and social security as Russians following Armenia becoming a full member of the Eurasian Economic Union (EEU) earlier this…
While the South Korean market is confident that there will be another rate cut due to President Park Geun-hye’s economic comments made during her New Year’s address, household debt continued to…
A planned merger of two Malaysian finance firms that would have created the country’s biggest bank has been scrapped three months after it was announced due to concerns about the economy,…
