World Economy

Apparently it’s not just iPhones that can bend. So can the will of bullish investors. Apple and other technology stocks took a tumble on Thursday, driving the Nasdaq deeply into the…

Rusatom Overseas, a unit of Russian nuclear power corporation Rosatom, will receive a 49% stake in India’s Gamma Tech to jointly build irradiation sterilization centers in the country, Itar-Tass…

Chinese firms have priced out European companies that had intended to bid to build Kuwait’s new international airport, with several pulling out of the tender process, Kuwait Times has…

A new strategic partnership between Tata Steel, the Warwick Manufacturing Group (WMG) and the University of Warwick is set to help drive advancement in the UK steel industry. WMG, at the…

US air strikes in Syria left Asian stock markets jaded on Wednesday, setting the stage for another soft session for European shares.

The dollar was kept in check after…

Barclays has been fined a record £38m by the City regulator for failing to keep its clients’ assets separate from its own.

The fine comes three years after Barclays paid out £1.1m for a…

Japan’s manufacturing activity picked up in the third quarter, a survey showed, but economists say they need more information on wages and consumer spending to determine whether the government…

Global goods trade will grow less than hoped this year and next, and factors including regional conflicts and the Ebola outbreak are putting a quick return to stronger growth at risk, the World…

Aircraft manufacturer Boeing has partnered with Saudi Arabia’s King Abdulaziz City for Science and Technology (KACST) to establish an aviation research center.

The new facility will be…

Royal Bank of Scotland has cut the price of shares in the sale of a stake in US bank Citizens Financial Group. RBS will raise $3b from selling the 25% stake, after pricing the shares at $21.50…

Three Brazilian companies have received permission documents for the export of dairy products to Russia, and one of them has already launched the supplies, secretary for international affairs…

State-owned Emirates Global Aluminum (EGA) plans to spend $3 billion to build the UAE’s first alumina refinery in Abu Dhabi, chief executive Abdulla Kalban has said.

Feasibility studies…

London has become the world’s most expensive city for companies to locate employees, overtaking Hong Kong, which had previously topped the ranking for an unbroken five year period, according to…

China’s economy will likely grow faster than previously thought in 2015, the International Monetary Fund said on Wednesday, downplaying the risks of the cooling property market in the world’s…

Still jittery over the 2008 market crash, billionaires are hoarding mountains of cash – $600 million on average – hoping to have it on hand for a good investment opportunity, and perhaps signaling…

Japan has extended sanctions against Russia; limiting operations with the securities of some Russian banks and arms exports over its involvement in the Ukraine crisis, according to Chief Cabinet…

Japan’s Toshiba Corp said on Wednesday that it plans to invest $1 billion in Southeast Asia over the next five years to expand its business in the region, Reuters said. Toshiba said in a statement…

European central banks have started circulating a new 10-euro banknote. The second generation of eurozone money has a number of enhanced security features, making it harder to forge, DW reported.…

German prosecutors say they have filed fraud charges against Deutsche Bank’s co-Chief Executive Jurgen Fitschen and four other former executives, DW reported. The suits revolve around a protracted…

Asian markets closed mixed following better-than-expected China factory data from a private survey.

The preliminary HSBC reading of China’s manufacturing activity - the Purchasing Managers…

Canada and South Korea have signed a free trade agreement to ensure companies better access to each other’s markets. The deal serves as a gateway for Canadian businesses into the Asia-Pacific…

In its latest assessment of gross financial resources in private households around the globe, German insurance group Allianz has found the world is getting richer again. The rise of the middle…

Brazil’s market-movers hope President Dilma Rousseff’s time is up. If stock prices are a guide, the business elite wants to see Rousseff go, blaming her for the low growth and high inflation that…

South Korea’s national debt rose to 34.3% of its gross domestic product (GDP) last year, a government report said Tuesday, Xinhua reported. Debts owed by central and provincial governments reached…