World Economy

The rapid rise of third-party electronic payments is boosting China’s online consumer market growth and it will support its economy’s rebalancing, a Moody’s report said, IANS reported.

Spain lost more than 12,000 scientists between 2010 and 2015, according to a recent report from the European commission. The ‘brain drain’ highlights a 9% decline in the research workforce over…

Business confidence in Asia rose to a three-year-high in the second quarter of the year, propelled by a slew of favorable economic data across the region and easing concerns over the health of…

Japanese firms have been acquiring overseas assets more aggressively in recent years and will continue to do so as they seek to increase market share in the global economy, JPMorgan said in a…

Taking steps to fix gender inequality in the workplace could give Canada’s economy a $150 billion shot in the arm, a major consultancy says. In a report published Wednesday morning, the McKinsey…

With political risks in the eurozone receding, investors are becoming more confident in buying Europe’s shared currency.

There is a risk that France’s public deficit could overshoot the EU deficit limit of 3% again in 2017, Prime Minister Edouard Philippe said on Tuesday, Reuters reported. Earlier in June, France’s…

According to a report provided by Markit Economics, Japan’s services PMI stood at 53 in May compared to 52.2 in April 2017. It met the market’s expectations of 53.

The Swiss National Bank has to keep monetary policy loose and remain ready to intervene in currency markets if needed to keep a lid on the clearly overvalued Swiss franc, Chairman Thomas Jordan…

Gold edged higher on Tuesday after hitting near five-week lows in the previous session when the dollar rose as an influential Federal Reserve official reaffirmed the central bank’s hawkish stance…

Singapore’s consumer price index in May likely rose 1.4% from a year earlier, a Reuters poll showed, above the previous month’s 0.4% increase thanks to a low base for the prior year. In May 2016,…

Britain’s Serious Fraud Office said Tuesday it had charged Barclays, a former chief executive of the banking giant and three other ex-managers, with “conspiracy to commit fraud” linked to…

International investor Jim Rogers recently claimed that he was expecting the worst market crash in modern times to hit within the next two years.

Speaking to the Business Insider CEO Henry…

International ratings agency Moody’s Investors Service has downgraded the credit ratings of four big New Zealand banks in line with downgrades of their Australian parents, citing concerns about…

Argentina sold $2.75 billion of a hotly demanded 100-year bond in US dollars on Monday, just over a year after emerging from its latest default, according to the government.

Brics will continue to be a growth engine of the world economy despite difficulties and challenges, Chinese Finance Minister Xiao Jie said. "We firmly believe the economic condition of Brics will…

Despite a very unstable political climate, Michel Temer’s government and Brazil’s parliamentarians are trying to get a series of social protection and labor code reforms adopted through an…

Northern Ireland’s economy is predicted to grow by 1.2% this year but economists are warning that consumer spending power will be squeezed due to a rise in inflation.  

The global economy is strengthening and growth is expected to hit 2.9% this year and 3.1% in 2018, according to debt watcher Fitch Ratings in its latest Global Economic Outlook released Tuesday.…

South Africa’s current account deficit continued to widen in the first quarter, to 2.1% of gross domestic product from 1.7% in the previous quarter, BusinessLive reported. That is still less than…

The government said it will toughen mortgage regulations and restrict transactions of apartments under construction as part of steps to cool the overheating real estate market.

Singapore property stocks are set for their best annual performance in five years, and strategists believe the rally is far from over.

With an expected pickup in real estate following the…

Economic globalization has contributed to a substantial rise in living standards and falling poverty over the past half-century. Tighter trade and financial integration are deeply intertwined:…

Australian Central Bank Governor Philip Lowe said his economy is capable of faster growth if lawmakers can overcome political gridlock, while warning weak wage gains are likely to keep plaguing…

Japan unexpectedly slumped back into a trade deficit for the first time in four months, as soaring energy import bills offset growth in the country’s shipments abroad, government data showed…