British bank HSBC, charged with helping more than 4,000 Argentines commit tax evasion, will not be able to transfer Argentine funds abroad for 30 days, under a decision announced.
In…
World Economy
Ever since women began entering the US workforce in large numbers during World War II, they have been paid less than their male counterparts. What is more, occupations in which women predominate…
Asian stocks were little changed and Chinese stocks gained after the nation’s trade data beat expectations. Energy companies dropped as oil traded at the lowest in more than 5 1/2 years…
According to traditional macro-level measures of trade penetration (share of exports and imports in GDP), Brazil is an unusually closed economy. For Brazil this measure was only 27.6% in 2013 – a…
Japan posted a current account surplus for the fifth consecutive month in November as a weaker yen helped boost repatriated returns on foreign investment, official data showed Tuesday, AFP said.…
As signs of economy improve, 45% of Americans now say it is a good time to find a quality job, up from 36% in December, higher since May 2007, Gallup reported. Gallup has asked Americans about…
The creative industries are worth £146,000 ($220,372) a minute to the UK economy, according to new government figures Develop reported. A report into economic estimates claims that the overall…
The Russian central bank has revealed the huge cost of trying to prop up the value of the ruble. In the past year, the bank spent $76b and 5.4b euros as it repeatedly bought rubles on the foreign…
China's fiscal revenue growth is set to hit a three-decade low in 2015, Deutsche Bank said in a report, complicating policymakers' efforts to rein in runaway local government debt without…
An overwhelming majority of citizens in the 28-member European Union (EU) – which has been hamstrung by a spreading economic recession, a fall in oil prices and a decline of its common currency,…
The German government managed to balance its books for the first time since 1969 in 2014 and a year ahead of target, the finance ministry said Tuesday.
Originally, the government had…
China’s trade surplus soared 96.8% to 304.5b yuan ($49.1b) in December as exports increased and imports declined, the government announced Tuesday. Exports grew 9.9% year-on-year to 1.4 trillion…
The National Highway Traffic Safety Administration fined Honda Motor a record $70 million for failing to report safety problems, UPI reported. This is the most the government agency has ever…
Citigroup Inc this week cut its bonus pool for fixed-income and equity market traders after market revenues plunged during the last two weeks of the year, Business World reported. Bonuses will be…
Cambodian Prime Minister Hun Sen on Monday defended controversial Chinese-funded hydro-electric dams as he opened the energy-starved country’s largest-ever power plant, AFP said. China Huadian…
Qatar’s international reserves hit an all-time high of $46.5 billion (39 billion euros) in November and are expected to climb higher despite falling oil prices, Qatar National Bank figures…
Robust recovery in the United States, a moribund eurozone and slowing Chinese growth reflect global splits which plunging oil prices are likely to widen.
On the face of it, lower energy…
Financial markets are focusing on China’s moderating economic growth and on its ability to manage compositional changes of its aggregate demand and alleged excesses in some sectors that may have…
India’s consumer price inflation quickened in December for the first time in five months, data showed Monday, dimming hopes of a new year rate cut by the central bank.
But more promising…
Japan’s government expects the economy to grow 1.5 percent in fiscal 2015 after adjustments for price moves, a slight upgrade from its previous forecast, due to an expected acceleration in…
Aurasian Minerals has been granted temporary exclusivity over three licence applications in Myanmar, Proactive Investors reported. The explorer submitted the applications in December for…
Construction employers in the US added 290,000 jobs last year – the largest annual increase since 2005, The Construction Index reported. Working hours are also getting longer as employers struggle…
Ireland is on course to be the fastest growing economy in Europe, according to the latest forecast by Goodbody Stockbrokers, expecting a growth of 4% in 2015, Ireland’s Breaking News reported. It…
Swiss pharmaceutical giant Roche said Monday it would invest nearly $1.2 billion for control of US molecular and genomic analysis firm Foundation Medicine, in a bid to boost its personalized…
Hong Kong billionaire Li Ka-shing is set to regain his spot as Asia’s richest person as flagship Cheung Kong Holdings Ltd. shares surged the most in more than six years following his $24 billion…
