World Economy

  • Samsung has launched its newest and most advanced curved monitor, model SE790C, that boasts of several key complementary features besides optimized curvature and good picture quality.

  • Serbian financial institutions can now accept China’s currency, the yuan, for the settlement of international trade, underscoring the growing economic ties between the two…

  • The Central Bank of Russia has launched a new SWIFT-style payment service aimed at moving away from Western financial dominance, RT reported. The system is already operating, and will be fully…

  • Wall Street was generally calmer in 2014 than in previous years, but that doesn’t mean the stock market was devoid of drama.

  • The housing prices in Saudi Arabia will fall about 30 percent due to falling oil prices, distribution of more low-cost homes and the imposition of Zakat on vacant land, said a report.

    The…

  • US taxi-hailing company Uber Technologies violated Indian regulations by “bypassing” rules when it used an overseas gateway to conduct transactions in the country, Reserve Bank of India …

  • Russian Economic Development Ministry has rejected the Finance Ministry’s bill banning surrogate money, including bitcoins. In its comments, the Economic Development Ministry argues that the…

  • Volkswagen’s flagship Audi division is to increase spending on new models, plants and technology through 2019 to push its goal of surpassing German rival BMW as the world’s largest luxury-car…

  • Vietnam’s economic growth accelerated in the fourth quarter as banks increased lending and rising foreign investment boosted exports.

    Gross domestic product rose 6.96 percent in the fourth…

  • Colombia’s diversified economy will enable it to grow faster than most Latin American countries next year, even after oil prices slumped, Finance Minister Mauricio Cardenas said.

    Oil…

  • Bankers and investors are questioning whether it’s worthwhile to invest in fossil fuels, especially in light of new climate agreements that could leave the materials in the ground forever.

  • Japan’s Cabinet on Saturday approved about 3.5 trillion yen ($29 billion) in fresh stimulus, including subsidies and job creation, to help pull the world’s third-largest economy out of recession…

  • MasterCard and Visa have suspended service for Russian banks in Crimea, saying the decision complies with US sanctions. “According to the US sanctions imposed against Crimea on December 19, 2014,…

  • Britain’s biggest banks have handed top executives £32m ($49.7m) in shares to beat the new bonus cap imposed by Brussels, BBC said. The European Union ruled at the start of 2014 that banks could…

  • China will increase official aid to Nepal by more than five times from fiscal 2015-16, officials said on Friday, to develop infrastructure in the landlocked nation where regional rival India has…

  • Multinational financial services holding Credit Suisse was ordered to face a lawsuit by New York’s attorney general accusing the bank of fraud in sales of mortgage-backed securities before the…

  • The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy’s enduring strength.

    Initial claims for state…

  • For the first time since records were collected in 1955, or nearly six decades, Japan’s population is drawing down its savings and the savings rate, calculated as savings divided by disposable…

  • Saudi Arabia announced a 2015 budget with a huge deficit as the world's largest crude exporter begins to feel the impact of its own decision not to shore up oil prices. The government announced…

  • Russian gas giant Gazprom is considering raising loans from Chinese banks for general corporate needs, Gazprom Chief Finance Officer and deputy CEO Andrey Kruglov said on Friday.

  • Russia’s international reserves plunged the most in six years, losing $15.7 billion last week as the government and central bank pledged measures to support banks and defend the currency…

  • China will tap into its vast rural regions and large rural population next year in an effort to inject new vitality into a slowing economy.

  • Britain has overtaken France to become the world’s fifth-largest economy - and will even outstrip Germany by 2030, according to a new analysis by the Centre for Economics and Business Research (…

  • Citigroup Inc. has agreed to sell its Japanese retail banking operations to Sumitomo Mitsui Banking Corp (SMBC), as the American multinational banking and financial services retreats from…

  • The Cairo Centre for Economic and Strategic Studies has called 2014 Egypt’s best economic year since 25 January 2011 in its annual economic report.  The report added that 2014 can be labeled…