World Economy

Ireland posted the highest rise in industrial output in the EU in July, rising by 11.3pc compared to the previous month as pharmaceutical goods output rose significantly, latest figures show.

The pound, already suffering its worst month in more than a year, has the potential to tumble 10 percent should the Scots vote for independence from the U.K., according to economists surveyed by…

The number of new jobless benefit claimants in the US increased unexpectedly last week, official data showed yesterday, indicating the economic recovery might not be running as smoothly as…

US stocks and Wall Street were lower in early trading as a weak jobless claims data pushed investors to continue taking profits in a market that had rallied to repeated records.

The rate of global economic growth increased during the second quarter of 2014, according to new analysis by the Organization for Economic Cooperation and Development (OECD).

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The economy in Britain is growing and unemployment falling yet even more people are worried about debt. A new infographic, ‘Personal Debt in the UK 2014’, from financial solutions company…

Gold slipped to its lowest level in 7-1/2 months on Thursday, as the dollar hovered around a 14-month high, in the wake of the easing of tension in Ukraine, dragging other precious…

EUR/JPY has been growing for the fifth day Friday in a row amid Japanese Yen weakening across the board. Euro has been rangy lately, thus it is the Japanese currency sentiments that rules the day…

Chinese regulators fined Volkswagen and Chrysler for violating antitrust laws, announcing on Thursday the first monetary penalties against large multinational carmakers swept up in a broad…

A decision by Scotland to break away from the United Kingdom next week could prompt negative market reaction in the short-term due to uncertainty over the country’s future economic policies, World…

Asian countries have a unique opportunity to transform themselves and leapfrog older technologies to lead the global knowledge-based economy of the future, says a new report from the Asian…

News that the Philippines was preparing to follow Indonesia in banning exports of unprocessed minerals caused panic in the London nickel market.

China and Russia are to build one of the largest ports in northeast Asia on Russia’s Sea of Japan coast, Chinese media reports.

It is the latest step by Beijing and Moscow to bring their…

China's premier promised Wednesday to open the world's No. 2 economy wider to foreign companies, promising favorable conditions despite a wave of anti-monopoly investigations that business groups…

A 44-country survey shows that 60% of people say their own country's economy performs poorly, and 69% say it's headed in the wrong direction, according to a Pew Research Center study, USA Today…

Cuba says US economic sanctions have cost the island nation $3.9 billion in foreign trade in the past year alone. Havana says this helps to raise the overall cost of economic damage to nearly $117…

Russia wants to increase food imports from China and is also working on several projects to increase food exports to the country, Deputy Prime Minister Arkady Dvorkovich told PRIME Wednesday. “The…

Venezuela's annual inflation rate has risen to 63.4%, the highest in Latin America, according to official figures published, BBC reported.

The figures are the first released by the central…

Global shares struggled on Wednesday as markets added to bets on an early US rate hike while nagging concerns over Scotland's future unnerved investors in Europe, hurting sterling and…

Zimbabwe, in the absence of funding from Western countries, has had to "cough up" $180 million in Chinese loan repayments or face losing its credit line, its finance minister said on Wednesday, in…

AngloGold Ashanti Ltd. (ANG), the world’s third-largest gold producer, plans a $2.1 billion rights issue as it spins off operations outside South Africa into a new London-listed company…

Mining giant Rio Tinto says clean coal was key to tackling climate change and that developing the technology was a challenge greater than the first moon landing.

German airline Lufthansa is grounding over 100 European flights in and out of Munich as its pilots go on strike, DW said. Pilots' union Cockpit has staged several strikes over planned changes to…

France's Finance Minister Michel Sapin says the country will not achieve a 3% EU budget deficit target. France's budget deficit will be around 4.4% of GDP in 2014, drop to 4.3% in 2015, and will…

Nearly two-thirds of German companies expect constant or even better business in Russia in 2014 despite ongoing sanctions over Ukraine, said a survey published Tuesday by the German-Russian…