Indonesia’s inflation rate jumped and manufacturing activity sank to a record low after the country’s new president raised the price of fuel in Southeast Asia’s top economy, data showed Monday.
World Economy
Moody’s Investors Service on Monday cut the sovereign-debt rating on Japan to A1 from Aa3, but said the outlook is stable.
Gold prices tumbled on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum, joining a broad rout in commodities that sent copper and oil prices to…
Italian Prime Minister Matteo Renzi floated the idea of nationalizing during “two or three years” the country’s loss-making Ilva steel plant, one of Europe’s most polluting.
The Ilva site…
South Korea’s exports dropped slightly from a year earlier last month, but its trade surplus widened as imports shrank at a faster rate, the government said Monday, Yonhap reported. Outbound…
The ruble plunged to a record for a third day as bonds and stocks sank on concern tumbling oil prices will drive the economy of the world’s biggest energy exporter into recession,…
The Persian Gulf Arab state’s physical abuse and slave-like treatment of migrant workers is making headlines again, as the UN starts its own investigation, following an official complaint at the…
Swiss voters rejected a referendum requiring their central bank to hold a portion of its assets in gold, a measure its President Thomas Jordan termed an “invitation to speculators” that could have…
China on Sunday moved closer to introducing deposit insurance, a long-awaited economic reform seen as a way to impose greater market discipline on the country’s banks.
The People’s Bank of…
A taxi-tracking tool, a head-hunting engine and a vertical gardening company -- all business startups that have paradoxically emerged from a Greek economy long in the doldrums.
Saudi Arabian stocks plunged into a bear market after OPEC took no action to stem a slump in oil, triggering a rout in the Middle Eastern equities, Bloomberg reported.
The Swiss on Sunday flatly rejected a call for dramatic immigration cuts in the name of saving the environment, along with bids to scrap tax breaks for rich foreigners and hike the country’s gold…
India’s largest state-owned bank will launch an Islamic equity fund soon aimed mainly at attracting investments from the country’s 170 million Muslims.
The Securities and Exchange Board of…
If your Black Friday shopping list includes a 10-year European sovereign bond yielding less than 1%, you’re in luck, because as of yesterday Germany is no longer your only option.
Brazil’s efforts to bring down its debt will translate into renewed investor confidence and additional room to continue poverty-reduction policies for the years to come, incoming Finance…
The Middle East is expected to be a major center of $5.3 trillion daily global forex market growing at CAGR (compound annual growth rate) of twelve percent since 2004, according to estimates of…
Taking a swipe at the economic policy of the Narendra Modi government, DMK (Dravida Munnetra Kazhagam, a political party in Tamil Nadu) leader M K Stalin today said the country…
Weakened by his defeat in the recent presidential election, Romania’s Prime Minister Victor Ponta faces a new test in talks with the IMF over the 2015 budget in one of the poorest countries in…
Growth in the Philippine economy slowed sharply in the third quarter due to weaker growth in all sectors, the government said.
The economy grew by 5.3% from July to September from a year…
Black Friday discounts and year-end deals will probably bring down the average profit per unit for the next few weeks, but US auto sales in November were shaping up to produce both high…
GlaxoSmithKline will this week inform US staff of hundreds of job cuts in its biggest market as the drugmaker starts implementing a major cost-saving program, sources familiar with the matter…
Sluggish market demand, rising labor costs and falling product prices have dragged profits of Chinese industrial businesses to a low of 2.1% year on year, Asia First reported Sunday. The National…
Back in early November, new Indonesia President Joko “Jokowi” Widodo told the visiting Chinese foreign minister that Indonesia supported the establishment of the new Asian Infrastructure…
The UAE has denied media reports it was studying the feasibility of continuing the peg between the dirham and the US dollar, Gulf News reported Sunday. Mubarak Rashid Khamis Al Mansouri…
China surpassed Japan as the world’s second-largest stock market for the first time in three years amid growing investor confidence that policy makers in Beijing will revive the…
