World Economy

London’s “Gherkin” office tower, a landmark on the British capital’s skyline, has been sold to Safra Group, the investment giant owned by Brazilian banker Joseph Safra, AFP reported. The building…

China’s factory-gate prices fell for a record 32nd month in October and consumer prices remained subdued, raising pressure on policymakers to bolster the world’s second-largest economy as…

Mario Draghi is seeking economists who understand banks, and he’s not afraid to look outside Frankfurt to find them. As the European Central Bank assumes the mantle of…

The head of Russia’s Vneshkombank believes the court ruling on western sanctions against the bank will be positive through a long process, VEB bank head Vladimir Dmitriev said Monday. “…

New global rules to prevent banks that are “too big to fail” from being bailed out by taxpayers have been announced.

The rules, created by the Financial Stability Board (FSB), a global…

Japan and Russia held their first summit in nine months in an effort to repair ties frayed by tensions over Ukraine, pledging to resume talks on reaching a peace agreement outstanding since…

Asean banks will increasingly turn to capital markets, particularly by issuing bonds, in order to fund their lending operations, says Moody’s Investors Service.

Russia and the countries of the Asia-Pacific region should use the potential of cooperation for making it mutually beneficial, Russian President Vladimir Putin said at a business summit of the…

The leaders of South Korea and China have “effectively” reached an agreement on free trade, a spokesman for the South Korean government said on Monday, Itar Tass reported. The announcement comes…

The European Central Bank has kept its main interest rate unchanged at a record low of 0.05%, AP said. The ECB has said it has already lowered the benchmark refinancing rate about as low as it can…

As concern mounts over food security, two community groups are on a drive to mobilize average people across Antigua and Barbuda to mitigate and adapt in the wake of global climate change, which is…

Australian Prime Minister Tony Abbott Sunday vowed that the G20 leaders’ summit this week “won’t be a talkfest” as he hailed the economic meeting as the most important ever held in his nation.

Overcoming the economic consequences of global tensions will be the key focus at the Summit on the Global Agenda, World Economic Forum (WEF), in Dubai.

Washington will prioritize its own plans for an Asia-Pacific free trade agreement, a top US official said on Sunday, even as China seeks to elevate a broader vision for the region.

Chinese geologists have discovered more uranium deposits at China’s largest uranium mine, Xinhua reported.

Trade negotiators from South Korea and China have been holding “intense” talks in Beijing aimed at sealing a landmark free trade agreement, but the two sides have yet to reach a breakthrough,…

Ed Miliband is to warn that threats to leave the EU are a “clear and present danger” to the UK’s future prosperity, BBC reported. The Labor leader will tell the CBI (Confederation of British…

The risks faced by China’s economy are not that scary and the government is confident it can head off the dangers, President Xi Jinping told global business leaders on Sunday to dispel…

The Russian ruble, which hit record lows against the US dollar and euro this week, will strengthen its positions in the near future, Russian Economic Development Minister Aleksey Ulyukaev said.

Former Assistant Secretary to the Treasury Dr. Paul Craig Roberts spoke with precious metals news source King World News to discuss recent events occurring in the gold and silver markets…

Pakistan plans to issue a US dollar-denominated Islamic bond worth at least $500 million this month and also hopes to obtain $1.1 billion from the International Monetary Fund soon, Finance…

Egypt received $10.6 billion in aid from Persian Gulf states in the last fiscal year, the finance minister said on Saturday, the first time the government has put a total figure on…

The global financial system increasingly resembles a madhouse in which the actions of each of the major authorities in charge of monetary policy assume ever more deranged forms.

China will contribute $40 billion to set up a Silk Road infrastructure fund to boost connectivity across Asia, President Xi Jinping announced on Saturday, the latest Chinese…

India will push ahead with tough land acquisition and tax reforms aimed at boosting investment and kickstarting the economy, Finance Minister Arun Jaitley said on Sunday. He added that changes…