Japan’s Ministry of Economy, Trade and Industry (METI) plans to set aside about 93 billion yen ($779 million) to help factories and small-sized businesses install devices to improve energy…
World Economy
In the past generation, a mass exodus from poverty has transformed Latin America, the world’s most unequal region, spurred on by innovative welfare programs that now face an uncertain future.
Big European and American banks have found a productive place to park the energy sector’s most distressed debt: the $2.7 trillion US money market industry.
German automakers BMW and Mercedes said Friday they attained record sales in 2014, their fourth in a row, driven by rising demand in all regions, AFP reported. BMW said it delivered 2.118m BMW,…
Indian software giant Infosys announced Friday a better-than-expected 13% jump in third-quarter net profit, helped by strong demand for services in the United States, AFP said. The country’s…
The US trade deficit fell to an 11-month low in November as declining crude oil prices curbed the import bill, eclipsing a drop in exports that could be related to a labor dispute…
Boeing Co said that it delivered 723 jetliners in 2014, hitting its own target, setting an industry record and retaining its title as the world's biggest plane maker, besting rival Airbus Group.…
The plunge in crude prices will give a much-needed boost to Asia’s oil-guzzling economies and provides governments a “golden opportunity” to implement crucial structural reforms such as cutting…
China and Venezuela will step up cooperation this year, Presidents Xi Jinping and Nicolas Maduro said in Beijing Wednesday as falling oil prices threaten the Latin American nation’s economy.
The euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt.
It is one of the contradictions of the US economic boom: the unemployment rate has so-called fallen to the lowest level in six years, but workers’ wages have remained almost flat.
The…
Inflation in Ukraine was 24.9% in 2014. In December consumer prices on foods and non-alcoholic drinks grew by four percent. Prices on processed cereals and vegetables surged by 25.7% and 14.4%,…
The Thais, leaving behind a tough and challenging 2014, are positive that the economy will be much better this year, Bernama reported. The economy and export are expected to grow after stagnating…
The State Bank of Vietnam devalued the dong for the second time in seven months as regional currencies declined, seeking to support exports that have sustained the country’s economic…
A ghost town in Canada’s westernmost wilds has been sold to a Chinese real estate developer who intends to bring it back to life, AFP said. China Zhong Ya Group Hebei Canada-China Co. beat out…
Nissan plans to maintain investment and increase its share in the Brazilian auto market despite a 7.15% drop in car sales across the country last year, AFP reported. “We are disappointed in where…
Plunging energy costs have caused consumer prices in the eurozone to fall annually for the first time since 2009, official figures showed Wednesday, in a development that’s likely to reinforce…
Italy’s unemployment rate rose again in November, reaching a new all-time high, as the government seeks to reform the labor market amid growing pressure for it to reduce the jobless in the country…
India’s budget deficit reached 99 percent of the full-year target in just eight months, raising doubts that Prime Minister Narendra Modi can keep a pledge to narrow the gap to a seven-year…
Derivatives volumes on the three biggest exchanges in Southeast Asia hit record highs in 2014 in a sign that the region’s capital markets are diversifying beyond equity capital raising and trading…
Charter Court Financial Services – which includes Precise Mortgages and Exact Mortgage Experts – will launch Charter Savings Bank in early 2015, Financial Reporter says. The bank joins a small…
Unemployment in Germany fell in December as the labor market continues to shrug off weak growth, official data showed on Wednesday, AFP said. The number of people registered as unemployed in…
The World Economic Forum (WEF) said Tuesday that its annual gathering at Davos this month will draw a record number of participants and over 300 heads of state and senior government officials.
The cost for Prime Minister Najib Razak to replenish US dollar holdings has risen to an 11-month high as foreign-exchange reserves slump to the lowest since 2011.
Japan's stocks led falls across Asia on Tuesday, posting their biggest drop in nearly 10 months, after another day of drama on oil markets that drove US crude to less than $50 a…
