World Economy

Uzbek monetary authorities recently announced an intention to make the country’s national currency, the som, freely exchangeable. If Uzbek leaders succeed in realizing this goal, it will mark a…

Southeast Asian foreign ministers failed to release a customary communiqué at the end of a high-level meeting on Saturday in Manila after what diplomats said was a lack of consensus about how to…

Bitcoin has finally surpassed the $3,000 per BTC average across global exchanges. In fact, it didn’t stop there and touched an all-time high of $3,230 during the start of August 5, Bitcoin.com…

All of a sudden Britain has become the slowest growing of the major western economies, and there are increasing concerns about its medium-term outlook.

Shanghai Stock Exchange plans to increase its scrutiny of mergers, acquisitions, transfer of control deals and other corporate actions that could lead to financial risk in the market, Reuters…

Since British voters endorsed leaving the European Union, politicians and pundits have ruminated on which of the bloc’s remaining 27 nations could be next. “Grexit” and “Frexit”, for Greece and…

The world’s biggest pension fund posted its fourth-straight quarterly gain, as global stocks rose and a decline in the yen against both the dollar and the euro helped boost the value of its…

The government is gearing up to launch new measures that are billed as easing  capital controls but which will in fact reduce the annual amount of cash bank clients can withdraw.

Australians are spending more this winter with retail sales rising for a third straight month, 9News reported. Blaming booming house prices for an increase in consumer confidence, economists are…

A proposed new UN sanctions resolution would significantly increase economic pressure on North Korea to return to negotiations on its nuclear and missile programs by banning mineral and seafood…

The EU expanded its Russia sanctions blacklist Friday, targeting three people including the deputy energy minister and three companies involved in diverting gas turbines sold by German firm…

Royal Bank of Scotland beat first-half profit forecasts on Friday in a sign its long-promised recovery is finally gathering pace, and said it may move up to around 150 jobs to Amsterdam after…

Beleaguered banking giant Wells Fargo said it might uncover even more fake accounts, broadening a scandal that has dogged the company for nearly a year.

The third largest bank in the US…

The global economy is continuing to strengthen, notes Atradius Worldwide, a consultancy specializing in trade credit insurance, surety and debt collection.

Although the July employment report was strong, it does nothing to fundamentally change the outlook for the Federal Reserve. And employment reports in future months are likely to similarly take a…

Prime Minister Shinzo Abe said on Saturday his government remains committed to the plan to raise the consumption tax from the current 8% to 10% in October 2019 as part of efforts to restore Japan’…

The dollar, bond yields and US stock futures all rose on Friday, following stronger-than-expected US jobs data which also pointed to wage growth picking up in the world’s biggest economy.

German factory orders jumped in June amid broad-based domestic demand, pointing to a pickup in momentum in Europe’s largest economy. Orders, adjusted for seasonal swings and inflation, rose 1%…

Negative interest rates imposed by central banks have generally worked as a tool to boost inflation, pulling down yields and sometimes weakening currencies, International Monetary Fund research…

The eurozone economy confirmed a robust expansion in the second quarter of the year, growing twice as much as Britain for the second consecutive quarter, preliminary estimates released by the…

A surprisingly strong performance from the Swedish economy so far this year has led forecasters to update their prediction for GDP growth in 2017, which is now expected to be better than…

Russian mining giant Alrosa is set to auction off a huge 51-carat “Dynasty” diamond and four other high-purity diamonds with a starting price of $10 million, the company says, AFP reported. The…

Australia’s biggest bank was Thursday taken to court by the country’s financial intelligence agency, accused of “serious and systemic non-compliance” of anti-money laundering and counter-terrorism…

There is a “clear” risk of a trade war happening because of protectionist policies, the World Trade Organization chief Roberto Azevedo said.

The WTO director-general did not implicate any…

The Bank of England kept interest rates at a record low again on Thursday and cut its forecasts for growth and wages as Brexit weighs on the economy. Governor Mark Carney said, however, it would…