Mario Draghi is stoking investor bets that he’ll intensify stimulus for the euro area after indicating he has the backing of policy makers to do so.
World Economy
The Reserve Bank of Australia said the nation’s economy is set to remain subdued and warned Japan’s monetary policy could spur flows that support the local dollar.
Singapore’s central bank gave back as much as S$12b ($9.3b) that it took from 19 lenders last year as a penalty for trying to rig benchmark interest rates.
Central banks cannot propel economic growth alone and governments must take steps too if expansions are to speed up, policy makers and investors said.
The US-proposed Trans-Pacific Partnership (TPP) won’t be able to promote effective trade and economic cooperation if it excludes key regional players, like Russia and China, Russian president said…
Billions of dollars have secretly passed through Luxembourg, the heart of the EU, an investigation by journalists has unearthed in leaked documents. PepsiCo, IKEA, FedEx and 340 other…
Unemployment and rising income inequality will top concerns for global leaders in 2015, a World Economic Forum (WEF) study said Friday.
The organization, which each year gathers the global…
Bank of America Corp tripled its third-quarter loss to $232 million, in a revision that added legal costs related to global investigations into foreign exchange trading at major banks.
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Nearly 70% of Poles are against Poland dropping its currency, the zloty, and adopting the euro, a survey conducted by Polish polling company CBOS shows, World Bulletin reported. Only 24% were in…
The OECD has described weakness in the eurozone as a major concern for the global economy and called for the European Central Bank to “increase asset purchases” to avoid deflation, DW reported.…
Asian shares got off to a lackluster start on Wednesday after a plunge in oil prices dragged down US shares, while the dollar took a breather after this week’s rally.
Crude prices steadied…
The world’s biggest companies disclose little or no financial details about their operations abroad, according to a report by Transparency International which singled out Chinese firms and also US…
Qatar will become the Middle East’s first hub for clearing transactions in the Chinese yuan, in a step that could over the long run help Persian Gulf oil exporting countries reduce their…
Gold slid for a fifth session in six on Wednesday, tumbling to a four-year low below $1,150 an ounce as a strong dollar kept investors away from the safe-haven asset and physical demand failed to…
A property flagship led by Asia’s richest tycoon Li Ka-shing said on Wednesday it plans to buy up to 60 passenger jets in a series of transactions that amount to more than $2.5 billion.
UK services growth slowed to a 17-month low in October after fears over the strength of the economy hit confidence. The purchasing managers’ index from Markit/CIPS fell by more than…
Ireland is to become the fastest-growing EU economy in 2014, and is predicted to reach 4.6% growth, just a year after its exit from the Troika bailout plan, RT reported. “Even though the medicine…
While a major global campaign to cut down on tax evasion is picking up momentum, anti-poverty advocates say the initiative overlooks the world’s poorest countries.
France’s economic growth is forecast to be weak in 2014-2015 and the budget deficit will stand at 4.7 percent of the GDP in 2016 , the European Commission (EC) said in its fall economic forecast…
Reforming India’s flagging economy will be a “long journey”, the country’s finance minister told foreign investors on Wednesday, playing down the prospect of “big-bang” changes.
Arun…
The International Monetary Fund ignored its own research and pushed too early for richer countries to trim budgets after the global financial crisis, the IMF’s internal auditor said Wednesday.
South African business activity expanded at the fastest pace in 22 months in October as output and new orders grew substantially, a survey showed on Wednesday. The HSBC Purchasing Managers’ Index…
US manufacturing orders fell for a second straight month in September as aircraft orders continued to slip, the Commerce Department reported. New orders for manufactured goods dropped $2.8 billion…
Indonesia’s economy grew at its slowest pace for five years in the third quarter, official data showed Wednesday, underlining the challenge for new President Joko Widodo to get Southeast Asia’s…
Retail sales across the 18 countries of the eurozone sank 1.3% in September, data showed Wednesday, in another sign that slumping demand is hurting the European economy, AFP reported. Germany,…
