Mario Draghi is about to get an idea of how far reality falls short of his intentions. A round of long-term loans by the European Central Bank to lenders this week won’t even cover the…
World Economy
The German government has compiled a list of schemes it’s willing to support within a large-scale EU investment plan presented by Brussels. Infrastructure projects take precedence.
The Bank for International Settlements warned that global financial markets appeared to be increasingly fragile despite bullish sentiment.
The Basel-based institution, considered the…
China’s stuttering economy suffered another blow in November as export growth slowed sharply and imports surprisingly contracted, government data showed Monday, resulting in a record monthly trade…
The Greek parliament early Monday adopted a budget for 2015 that was a victory for politicians ready to celebrate the glimmer of returned growth over warnings from international creditors that…
A bitter row over a plan by French building materials giant Saint-Gobain to take over Sika of Switzerland, which produces chemicals used in construction, caused shares in both groups to plunge on…
The world’s largest container vessel, the CSCL Globe, set off Monday on its maiden voyage to Europe from Shanghai, ship owner China Shipping Container Lines (CSCL) said, AFP reported. The giant…
A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and…
New research from Harvard University suggests it could put years on your life. But a Mediterranean diet rich in pungent olive oil does not come cheap, and it is just about to get a lot more…
Major Australian banks will need as much as A$48 billion ($41.7 billion) to move to the top quartile of global banks, analysts estimate, after a government-backed review on Sunday called for…
Visit Incheon Port International Passenger Terminal and you’ll quickly spot huge but shabby carriers, boxes sealed by tape numerous times, and middle-aged people with mobile phones. These are…
The guessing game over the timing of eurozone money printing will intensify as the European Central Bank unveils a closely watched gauge of policy in the coming week, the highlight of a calendar…
Without deeper reforms to its savings rate and competitiveness, Turkey risks lower medium-term growth that would leave it stuck in a "middle-income trap," the International Monetary Fund (IMF)…
German business would like to see asylum seekers given quicker access to the jobs market, saying they could benefit Europe’s top economy, industry leaders said Sunday, AFP reported.
President Vladimir Putin’s amnesty allowing Russians with cash stashed abroad to bring it back home with no penalty may be a windfall. The US, Mexico, Italy, Kazakhstan, and many others have tried…
Reforms undertaken by France and Italy are insufficient, German Chancellor Angela Merkel said in an interview published Sunday, a week after the two countries won more time from the EU to put…
The International Monetary Fund (IMF) said it would dispatch a team to Ukraine to determine just how much extra aid the war-wrecked and energy-starved nation will need to make it through winter.…
Ratings agency Standard and Poor’s has raised Ireland’s credit rating to A, citing the country’s improved economic growth forecast and its repayment of debt.
China is poised to cut its growth target for the first time in three years and ramp up stimulus as the economy comes under increasing downward pressure, analysts say ahead of a key policymakers’…
The Central Bank of Venezuela is adding diamonds, gold and other precious stones and metals to its foreign reserves which have fallen to an 11-year low.
The bank said in a statement …
A modest and slowing growth in global wages was driven almost entirely by emerging G20 economies, according to the latest International Labor Organization’s (ILO) global wage report.
With its warm, fluffy brown grains, buckwheat is the ultimate comfort food for Russians and as sanctions hit home, it is flying off the shelves in a shopping frenzy dubbed the “buckwheat panic”.…
The dollar’s resurgence could have a negative impact on emerging markets, financial policymakers have warned. On Sunday, the Bank for International Settlements, said that a prolonged rally for the…
The Conservatives must “come clean” about spending plans, says Deputy PM and Lib Dem leader Nick Clegg. Clegg told the BBC his coalition partners planned to “pare back” the state “remorselessly”…
US stocks rose to records, with the Dow Jones Industrial Average climbing within 10 points of 18,000, as better-than-estimated payrolls data overshadowed declines in energy shares.
JPMorgan…
