World Economy

Inflation in Russia in 2015 will most likely exceed the projected 5.5% but will be below the current level, Minister of Economic Development Alexei Ulyukayev said, according to Itar…

Business leaders on Saturday said it was essential that financing of liquidity-starved local companies is speeded up. The call was made by Cyprus Chamber of Commerce and Industry general…

The minister in charge of Japan’s “Abenomics” project has signaled that a second increase in consumption tax will go ahead as planned, saying extra monetary and fiscal stimulus would ensure it did…

The South Korean stock market is likely to trade flat this week despite abated woes from Scotland and the US Federal Reserve, due to lack of growth momentum compounded by Hyundai Motor’s plunge on…

The European Central Bank (ECB) may not need to add stimulus measures after steps in the past three months pushed down the euro, said governing council member Ignazio Visco.

The World Bank’s International Finance Corporation (IFC) will take a 15 percent stake in the paid-up capital of Pakistan’s Bank Alfalah, the Karachi-based lender said in a statement.

With the eurozone's moribund economy once more sparking global fears, the region's cash-strapped leaders are now hoping the EU's investment bank can pull the bloc out of the doldrums.

Mexico’s domestic consumer demand is expanding in line with the government’s 2014 forecast, Deputy Finance Minister Fernando Aportela announced. The government seeks to reduce the deficit in 2015…

According to a Siena College research poll from 751 upstate New York residents, the respondents believe that the nation's future generations will have a less secure retirement and job…

China will not dramatically alter its economic policy because of any one economic indicator, Finance Minister Lou Jiwei said on Sunday, in remarks that came days after many economists lowered…

As Wall Street cheered Alibaba's trading debut, investors from all over the world were eager to get a piece of the action. Shares in the company surged, and if more are issued Alibaba could break…

Ed Miliband, the leader of the UK’s Labour Party, pledged to increase the minimum wage to 8 pounds ($13) an hour by 2020 if he wins power in next year’s general election.

Germany's main industry lobby has cut its 2014 growth forecasts for Europe's largest economy, saying the crises in Ukraine, Iraq and the Middle East were creating uncertainty…

An omnibus bill passed in parliament last week has caused more than 36 mine owners to close down their sites across Turkey and their workers to lose their jobs due to amendments in the bill…

With the UK surviving Thursday’s Scottish independence referendum, policy makers can set aside the prospect of volatility and focus on fundamentals, Bloomberg reported. The decision removes a…

China has fined UK pharmaceuticals firm GlaxoSmithKline $490m after a court found it guilty of bribery. The record penalty follows allegations the drug giant paid out bribes to doctors and…

Asian markets rose Friday following a record close on Wall Street, while the pound rallied against other major currencies after Scottish voters rejected independence from the United Kingdom.

Ireland’s economy has surged 7.7% in a year, according to official figures, Guardian reported.

Japan’s household wealth rose to a record as Prime Minister Shinzo Abe reflates the world’s third-biggest economy, giving a cushion to consumers facing higher costs of living.

A bear hug, a riverfront stroll and a swing-set session helped Prime Minister Narendra Modi win more than $53 billion in loans and investment pledges from China and Japan this month…

Russia approved a fragile budget on Thursday that promises to cover generous social spending and control borrowing, but relies on high oil prices and reserves to try to overcome the economic…

Reuters) - Mitsubishi Motors Corp and Fiat Group Automobile said on Friday they have signed a non-binding memorandum of understanding (MoU) for a possible deal under which the Japanese automaker…

The global social media corporation Facebook is partnering with suicide prevention experts and charity partners from across Europe, including the Samaritans in the United Kingdom and Ireland,…