World Economy

The private sector in the  Asia region must assume its equally important role in ensuring the success of trade facilitation agreement, Bernama quoted the Malaysian Ministry of International…

Microsoft has confirmed another 2,100 redundancies as part of a plan to cut 18,000 jobs, some 14% of its workforce. The software giant said 747 jobs will go in the Seattle area, with the rest…

The European Central Bank has leant 82.6 billion euro to 255 banks under its new lending program, AFP said. “The program is designed to enhance the functioning of the monetary policy transmission…

Investors in exchange-traded funds backed by silver have stayed loyal to the metal longer than those who bought gold.

The International Monetary Fund has added its voice to those of other major economic organizations warning of lower world economic growth and the dangers of another financial crisis, possibly…

The pound has hit a two-year high against the euro and a two-week high against the US dollar, after Scotland voted against independence.

The FTSE 100 share index was up 0.6% at 6,861 in…

The wealth of the world’s billionaires now stands at $7.3 trillion, an increase of 12 percent from last year, according to a new report released Thursday by Wealth-X and UBS. There are a record 2,…

Crisis-hit France is “sick”, the new economy minister of France said on Wednesday, urging immediate reforms to tackle sky-high unemployment and an economy that has failed to grow in six months. “…

 The US Federal Reserve could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of…

Developing countries and advanced economies differ greatly in their level of “skepticism” towards international trade and foreign investment, a study of people across 44 countries revealed.

The major US markets like the S&P 500 are sitting just below all-time highs. But a glance under the hood reveals that over half -- 52% to be precise --of the 2,433 stocks listed on the Nasdaq…

The Organization for Economic Cooperation and Development has proposed draft laws to stop companies from avoiding billions of dollars in taxes. All OECD members and G20 members have already…

Top Zimbabwean and Russian officials on Tuesday launched a platinum mine joint venture that will start producing platinum in 2017 with ultimate investment mounting to $4.8 billion.

Chinese President Xi Jinping on Wednesday urged China and India to join hands to build an Asian century of prosperity and renewal.

“I am confident that as long as China and India work…

Despite recent declines in trade between the two countries, India is predicted to re-emerge as the United Arab Emirates’ (UAE) top export destination by 2030, the latest HSBC Trade…

China’s central bank joined its European counterpart (ECB) in boosting liquidity to address weakening growth, underscoring a divergence in direction among the world’s biggest economies as the US…

A German judge has overturned a nationwide ban on one of the services offered by the alternative taxi firm Uber. The temporary injunction banned the start-up from offering its UberPop ride-sharing…

In what has become a recurring theme in America’s long slog back from the 2007-09 recession, most US households again saw no noticeable increase in their income last year. A report from the Census…

Japan’s Pioneer is restructuring and selling off its disc-jockeying (DJ) equipment unit to US private equity firm KKR for $550m. As part of the deal, KKR and Pioneer will be joint owners, with the…

The Malaysian economy (‘A3’ positive outlook) posted strong growth in the first half of 2014, buoyed by private sector consumption and investment, said Moody’s Investors Service.

The US Federal Reserve has asked Credit Suisse Group AG to immediately address problems relating to the bank’s underwriting and sale of leveraged loans, or high-interest-rate loans used by private…

Egypt has raised the $8.5 billion it needs to fund a project to expand the Suez Canal in just eight days, the central bank governor said.

A possible decision to block Russian access to the SWIFT international banking transaction system under the expansion of Western sanctions over the Ukraine crisis may cause Russia’s GDP to shrink…

Apple said it received a record four million first-day pre-orders of its new iPhone 6 and iPhone 6 Plus, meaning many customers will have to wait until October for their new phones…

The UAE has approved construction of two additional nuclear power reactors at the Barakah site in the Western Region of the Abu Dhabi emirate by the Emirates Nuclear Energy Corporation (ENEC).