World Economy

Apple opened its first Southeast Asia store in Singapore on Saturday, drawing hundreds of excited fans to the swanky two-storey site in the city’s upmarket shopping district.

Some of Hong Kong’s largest commercial banks in the mortgage loans market said they would raise interest rates following the latest round of mortgage tightening measures by the city’s de facto…

A US judge ordered the American shipping giant UPS to pay $247 million to New York state and city governments, for shipments of cigarettes that illegally evaded taxes.

Federal district…

Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and…

Ratings agency Standard & Poor’s downgraded the Canadian crude-producing province of Alberta two notches to ‘A+’ from ‘AA’ on Friday, citing high budget deficits and growing levels of debt as…

The dip in the US economy is a "splutter" rather than a more serious downturn, the International Monetary Fund's chief economist said, though policy uncertainty in Washington was making…

The International Monetary Fund said on Friday it will only release a new tranche payment to Ukraine once parliament approves a long-stalled pension system overhaul and land privatization…

The seemingly insatiable global demand for smart phones and other high-tech products gave Taiwan’s economy a welcome boost in the January to March period, official data showed Friday, AFP reported…

China said Friday it is considering a change to its mechanism for managing its currency to buffer it against market forces, in an apparent step back from liberalization pledges.

Economic confidence in Turkey is at its highest since the end of 2015, underscoring the economy’s quietly growing resilience following a series of political and security shocks over the last year…

Japan’s consumer prices rose again in April due largely to higher energy bills, data showed Friday, underpinning a mixed picture for policy makers’ efforts to boost growth amid on-and-off…

Hong Kong on Thursday hit back at a decision by Moody’s to cut its credit rating on the city, which the agency said was becoming increasingly close to mainland China.

The move was announced…

Critical talks on easing Greece’s massive debt burden remain fraught with conflict, despite assurances from the International Monetary Fund on Thursday that the sides are closer to an agreement.…

US central bankers say it will “soon” be time to raise the key lending rate again, according to minutes from the last Federal Reserve meeting released late Wednesday.

The world's biggest economies are sitting on a $70 trillion pensions time bomb that will balloon to more than $400 trillion within four decades unless policymakers take urgent action, the World…

Spain’s economy picked up steam in the first three months of the year thanks in part to strong exports, underscoring expectations that growth will be rosier than initially forecast this year as…

New York state bank regulators fined BNP Paribas $350 million for “illegal, unsafe and unsound” currency trading practices that included use of secret hand signals to dupe customers, officials…

Canada’s central bank maintained its key lending rate at 0.5%, taking a cautious stance amid uncertainty over trade with the United States, AFP reported. Indicators such as business investment,…

Italy’s business confidence index increased in April, while consumer confidence fell moderately, the National Institute of Statistics said on Thursday, Xinhua reported. The composite business…

US orders for long-lasting manufactured goods dropped in April for the first time in five months, and a key category that tracks business investment went nowhere for the second straight month.

Opening a major United Nations conference on risk reduction in Cancun, Mexico, Deputy Secretary-General Amina Mohammed cautioned that the world would not reach its development goals without…

World leaders braced for contentious talks Friday with President Donald Trump at the Group of Seven summit in Sicily after he earlier lambasted NATO allies for not spending more on defense.

Several smaller cross-border banking mergers remain in the pipeline in central Europe as some western European lenders retreat from the region, although the immediate pressure to do deals has…

German consumers remain in an upbeat mood for a second month in a row, dismissing risks on the horizon in view of a humming economy, said a closely-watched survey on Wednesday, AFP reported.…

Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level in April, a Reuters survey has found, showing guarded optimism in a…