World Economy

Spanish bank Santander reported second-quarter net profit of €1.3 billion ($1.42 billion), down 49.7% from the same period last year as its finance chief told CNBC that the lender was…

South Korea is struggling to find an economic breakthrough to escape from a low-growth trap based on structural issues both at home and abroad weighing heavily on Asia’s fourth-largest economy.…

A US trade group raised its forecast Tuesday for retail sales growth this year to 3.6%, with more help from online sales, as the economy improves, AP reported. That’s up from its previous forecast…

South Africa’s economy will avoid a recession in 2016 but remains in a low growth trap and is likely to see economic expansion forecasts revised lower, Finance Minister Pravin Gordhan said on…

The US Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup…

The World Bank is planning to sell bonds in China denominated in the International Monetary Fund’s Special Drawing Rights, people familiar with the matter said, Bloomberg reported. The offering…

Sterling hit a two-week low on Tuesday after a Bank of England policymaker suggested a batch of weak UK data had convinced him monetary policy should be eased immediately, Reuters reported.

In the second quarter of 2016, the Swedish economy continued to grow, based on certain projections. But the expansion seems to have decelerated when compared to the previous year’s solid growth…

The amount of shipping cargo handled at Dubai’s ports, which includes flagship terminal Jebel Ali, has declined for the third consecutive quarter, according to the latest DP World figures.

European stocks traded mixed on Tuesday as investors digested mixed earnings reports and looked ahead to key central bank meetings in the US and Japan.

The Federal Reserve kicks off its two…

HSBC Global Asset Management is sticking with its bet on Indian sovereign bonds as Asia’s highest yields help drive the strongest foreign demand for rupee debt since October.

Currency trading rose in the six months through April across major global centers, from Tokyo to London to New York, as investors grappled with monetary-policy whiplash, surveys from central…

Ahead of the European Banking Association’s stress tests, Deutsche Bank’s future seems shakier than ever. Some would even call Germany’s most important bank “dangerous”, DW reported. With a record…

South Korea’s economic growth has improved during the second quarter thanks to stronger private consumption and increased housing construction.

Bank of Korea said the economy expanded 3.2%…

Global mergers and acquisitions may drop by as much as $1.6 trillion over the next five years unless Britain quickly agrees to leave the European Union under terms that give it continued access to…

Specialist Italian pension funds have agreed to a government call to invest in bad bank loans, as Rome works to build a safety-net around Italy’s No. 3 lender Monte dei Paschi ahead of the…

Venezuela is getting some financial relief as it burns through foreign reserves to pay for imports of badly needed food and medicine.

The Latin American Reserve Fund said late Monday that…

Japan posted a better-than-expected trade surplus in June, as imports fell nearly 19%, outpacing a more modest decline in exports, AP reported. The customs data released Monday showed a 692.8…

Internet pioneer Yahoo appears close to a deal to sell its core online assets to telecom giant Verizon, DW reported. Several media reports hinted an official announcement was likely to be made in…

Silver has been an outperformer in the current year with a year-to-date gain of 43%. Gold has risen 25% YTD, Market Realist reported. Most mining companies also reversed their 2015 losses…

German business morale fell only slightly in July, a benchmark survey showed, suggesting Europe’s largest economy has weathered the immediate storm from Britain’s vote to leave the European…

British Chancellor Philip Hammond has begun discussions with China on an ambitious free trade deal which could see greater access for major Chinese banks and businesses to the UK economy.

As demand for infrastructure grows and economic growth slows down, governments, infrastructure investors, project owners and sponsors are being urged to rethink the value they receive from…

Chinese companies invested $18.4 billion in the US in the first half of this year, more than triple the amount invested in the first half of 2015, according to Rhodium Group.

To compare,…

As the global economy is headed for another year of lackluster growth, the forecast of Singapore’s gross domestic product growth in 2016 stands at 1 to 3%, said the Monetary Authority of…