World Economy

European jet maker Airbus Group aims to double the annual value of aircraft components it sources from China to $1 billion by 2020, the firm's China Chief Operating Officer, Rafael Gonzalez-Ripoll…

Japanese shares outperformed in Asia on Tuesday, with the Nikkei stock average rising to a 7-year high as speculators snapped up futures and call options as they wagered that Prime…

A new report from the Center for Economic and Policy Research (CEPR) shows that most households now have less wealth now than they did in 1989.

According to the latest official figures, the gap between UK exports and imports narrowed in August, with the Office for National Statistics (ONS) confirming that the UK’s trade deficit…

China’s online retail giant Alibaba says it has pulled in almost $8b in sales from its annual ‘Singles’ Day’ shopping event.

At 20:00 Beijing time on Tuesday, the firm said sales had…

Gold prices could tumble towards $800 to $900 an ounce, not seen since the 2008/2009 financial crisis, metals merchant and hedge fund Red Kite warned even as the precious metal extended losses to…

The acquisition of Countrywide Financial Corp. has been giving banking giant Bank of America Corp. painful indigestion for some time now – arguably since the ink on the 2008 deal was still moist…

Germany’s panel of economic advisors expects growth of 1% next year in Europe’s biggest economy and will cut its forecasts for this year to 1.2% percent from 1.9%, Reuters reported. The…

Norwegian fund Skagen has sold its stake in Russian media holding CTC Media, according to the fund’s report for October seen by PRIME late Monday. “The Russian parliament unexpectedly passed a new…

Over 15,000 companies have already been formed in Ireland this year – the highest for the period that we’ve seen since 2007 with over 17,000 expected by year’s end. The latest Business Barometer…

The US sent its biggest-ever trade delegation to Egypt, the latest sign that the allies have repaired the rift that followed the army’s ouster of an elected president last year. Executives…

Saudi Arabia’s capital market regulator will introduce rules for credit rating agencies next September, part of reforms aimed at modernizing the financial sector of the world’s top oil exporter.…

Prime Minister Narendra Modi is seeking to turn India into a global manufacturing hub by curbing red tape. Tell that to Tata Steel Ltd., which closed one of its largest iron-ore…

Settlement in national currencies helps boost trade between the two countries and also has an impact on global finance and

the energy market

Russia and China have…

The International Monetary Fund (IMF) said the economy of central African states is vulnerable to a sharp decline due to decreasing oil prices, terrorism and armed conflicts. It also said the…

Japanese consumer confidence deteriorated for a third straight month in October, a Cabinet Office survey showed on Tuesday, reflecting a stumbling economy after the April sales tax hike, Reuters…

The German government is considering reducing its stakes in Deutsche Telekom and Deutsche Post, hoping to cash in on high share values at a time when it is under pressure to spend more to…

The Iraqi economy is losing as much as $1.2 billion a month because of the shutdown of the oil pipeline connecting the Iraqi city of Kirkuk with the Turkish city of Ceyhan, an Iraqi oil…

Russia’s financial guardians made their broadest acknowledgment yet that sanctions are sinking the economy, as the central bank moved to protect the ruble after the currency’s worst week in more…

A trading link between Hong Kong and Shanghai’s stock exchanges will start on Nov 17 after weeks of delays, the Hong Kong exchange announced on Monday (Nov 10), in a move that is expected to lead…

Many airlines around the world have become more efficient recently, decreasing their harmful emissions. But a fresh study reveals the carriers’ overall CO2 emissions are still on the rise as…

The majority of British businesses would vote to stay in the EU in a referendum, a senior business leader said on Monday as he warned that increasing eurosceptic rhetoric risked “shutting…

The price of spot iron ore has sunk to $75.50 per ton this week, its lowest level since 2009 and the scale of the price collapse has been breath-taking.

Japanese aircraft leasing giant SMBC Aviation Capital said Monday it has placed an order for 80 Boeing planes in a deal worth up to $8.5 billion.

Taiwan’s government expressed alarm Monday at China’s free trade agreement with South Korea, the island’s strong trade competitor, and urged the opposition to stop boycotting a planned services…