World Economy

Bank of China and the Industrial and Commercial Bank of China are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the…

This should be a moment of grand optimism for Asia. The world economy is enjoying its fastest expansion in a decade. Forecasts show growth in developing nations accelerating especially quickly.…

The stock market isn’t the only thing dropping. Bonds, which are supposed to be the safe part of every investor’s portfolio, have faltered, too.

The Bank of Russia is refocusing its sights on trying to support economic growth after inflation settled at the lowest level in the country’s modern history and geopolitical risks receded.

Malaysia continues to be on a very firm economic footing despite the opposition accusing the government of selling off the country’s sovereignty in joint venture efforts with foreign countries,…

Germany’s DIHK Chambers of Industry and Commerce raised its 2018 growth forecast for the German economy to 2.7% from 2.2%, it said on Wednesday, pointing to a broad-based upswing in Europe’s…

Asian shares reversed their earlier gains on Wednesday as investors dumped US stock futures for safer harbors, a sign market participants remain jittery after this week’s global markets rout.

An adviser to Transparency International described the secrecy around the details of the allegations leveled against the detainees of a recent mass purge conducted by Saudi Crown Prince Mohammad…

A newly released report by the World Bank says that about 16% of Afghan families have at least one relative working abroad who sends money home.

 The report says the refugees send…

Qatar and the United States will hold a meeting to discuss the Free Trade Agreement before the end of 2018, the ministry of economy and commerce in Doha said. The agreement will cover several…

Boeing said on Wednesday key issues remain in talks to forge a partnership with Brazil’s Embraer and stressed the price must make sense for all concerned.

“Our talks continue to advance…

Japanese internet and energy company SoftBank Group Corp. reported on Wednesday a more than 11-fold surge in profit for the fiscal third quarter thanks to strong sales and to improved results…

Supermarket group Tesco is facing a potential bill of up to 4 billion pounds ($5.6 billion) to bring the wages of its female employees into line with men, according to the law firm pursuing…

Mining giant BHP would reap US$22 billion in value for shareholders if it restructures into one Australian entity and scraps its dual-listing, a key US hedge fund and activist investor has said…

Improvement in global economic indicators and oil prices open up promising opportunities for partnerships between Malaysia and the UAE, the country’s economy minister, Sultan bin Saeed Al…

The world’s most powerful rocket, SpaceX’s Falcon Heavy, roared into space through clear blue skies in its debut test flight on Tuesday from a Florida launch site where moon missions once began…

The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, according to Goldman Sachs Group Inc.’s global head of investment…

China’s foreign-exchange reserves rose for a 12th straight month, as the yuan strengthened and the economic outlook improved.

Bloomberg reported that he world’s largest foreign currency…

China’s Didi Chuxing is teaming up with 12 automakers including the Renault-Nissan-Mitsubishi alliance to build an electric-vehicle-sharing network in the world’s largest auto market. Didi, the…

Europe’s main bourses were down around 2.5% and Wall Street futures pointed to more losses too as “fear gauges” of market volatility leapt to their highest level since a surprise devaluation of…

South Africa’s business confidence rose for a third month in a row in January to its highest since late 2015, on expectations that the new leadership of the ruling party will stabilize economic…

The US trade deficit widened more than expected in December, hitting its highest level since 2008 as robust domestic demand pushed imports to a record high, Reuters reported. The commerce…

Foxconn’s panel arm Innolux is planning to slash more than 10,000 jobs this year as part of the company’s aggressive efforts to increase the use of automation in manufacturing, said honorary…

Singapore has proposed that Asean leaders adopt a vision statement at their April summit to demonstrate a unified front as a big-power tussle for regional influence tests the 50-year-old group's…

Chinese consumers showed stronger willingness to spend in 2017 thanks to steady economic expansion, a survey showed Tuesday.