A sudden new-year jump in Singapore interest rates threatens to push up mortgage costs and steepen a slide in home prices.
World Economy
Trading started on Monday in South Korea's new emissions trading scheme, which will impose caps on emissions from 525 of the country's biggest companies and becomes the world's second biggest…
Banks and other financial institutions in Europe are stress-testing their internal systems and dusting off two-year-old contingency plans for the possibility Greece could leave the region’s…
Research published in Engineering UK 2015; The State of Engineering claims the UK economy could benefit to the tune of £27b ($40.8b) a year if demand for new engineering jobs is filled. To do this…
Vietnam is forecast to receive between $13b and $14b in overseas remittances this year, up from $12b in 2014, the central bank said on Monday, Business Recorder reported.
Sweden's 878 megawatt (MW) Ringhals-1 nuclear power reactor was shut on Sunday due to an unexpected outage, its operator Vattenfall told the Nordic power bourse. The outage started at 0800 GMT and…
Plunging oil prices have sparked a big rally in Asian government bond markets as lower fuel costs cut inflation expectations, but the rally could be built on shallow foundations as monetary…
Kuwait’s government on Sunday announced plans to spend 45.5 billion dinars ($155 billion) on projects over the next five years despite the plunge in world oil prices, a lawmaker said.
Over the last three years, world trade growth has been significantly lower than prior to the global financial crisis. This raises questions about why world trade is in the doldrums and whether it…
Japan’s government will propose a record budget for next fiscal year of more than $800 billion but cut borrowing for a third year, government officials said on Sunday, as Prime Minister Shinzo Abe…
During a financial crisis or in times of uncertainty, it is possible to miss the big picture. Years of strong oil prices have enabled (P)GCC governments and their respective economies to increase…
The US is back in the driver’s seat of the global economy after 15 years of watching China and emerging markets take the lead.
Inflation in Russia soared above 11% at the end of 2014 as the value of the Russian ruble plummeted, and economists say the worst is still to come, Tass…
Greece’s central bank said on Sunday that the situation with deposit outflows from the country is under control, as it tried to reassure markets ahead of a Jan. 25 snap election. Greek media have…
A rolling transport blockade organized by the opposition is taking a huge toll on Bangladesh’s economy, with the vital garment industry hit particularly hard, a business leader warned Sunday, AFP…
South Africa’s Eskom capacity to generate electricity is shrinking due to ageing power plants, latest statistics show, and the economy could face rolling blackouts for years to come, France24 said…
Sharif Said, Chairman of Tajikistan’s Chamber of Commerce and Industry (CCI), met with Qatari Ambassador to Tajikistan Ali bin Mubarak Saeed Al-Muhanadi, Asia-Plus reported. According to the CCI…
Russia’s credit rating looks set to tumble into junk for the first time in more than a decade, a move that would exclude its bonds from a couple of high-profile indexes and may set off another…
A landmark legal opinion this week will remind the European Central Bank of the limits it faces as it advances towards money printing, while a tumbling oil price saps inflation in debt-strained…
With India expected to 'turn the corner' on the back of structural reforms, its economy is projected to clock 7 percent growth in 2015 even as China would see an economic slowdown, says a study.…
Volvo Car Group plans to export a Chinese-made midsize sedan this year to the United States, and is starting to weigh the possibility of building a vehicle factory in the United States, people…
Prime Minister Narendra Modi promised “truly unlimited” reforms Sunday in his bid to transform India’s economy into a global powerhouse, AFP reported.
Germany’s exports dropped for a second consecutive month in November by a bigger-than-expected 2.1%. The slowdown in the Eurozone anchor both reflected and further fed weakness across the currency…
US Secretary of State John Kerry left late Friday for India, with a heavy focus on trade and investment with the South Asian economic giant, AFP reported. It will be Kerry’s second trip to India…
Greek Prime Minister Antonis Samaras on Saturday vowed to pursue reforms while gradually lowering taxes as central planks of a program he hopes will secure victory in January 25 elections, AFP…
