World Economy

Active investment managers are in for more pain as investors stung by underperformance will continue to move assets into low-cost index funds, Moody’s Investors Service said.

Deutsche Bank AG’s John Cryan will try to convince investors this week that his efforts to turn around Europe’s biggest securities firm will succeed. It’s a narrative that’s becoming harder to…

Global shares were mostly higher Monday, as markets were cheered by upbeat signs from Wall Street, a strengthening US dollar and promises from the Group of 20 nations over the weekend to support…

Russia’s Foreign Ministry forecasts inflation at 5.5-6% in 2016, Deputy Finance Minister Maxim Oreshkin told journalists on Monday.

“This is how it is going now. We do not see serious…

Signs announcing a sale are almost permanent fixtures in shop fronts in Sydney, but customers are still wary of spending - a worrying sign as falling inflation pushes the central bank to step up…

Business operators from the US-ASEAN Business Council have stressed on their business alliance with Thailand, reflecting their confidence in Thailand’s potential to become a regional hub for trade…

Agricultural Bank of China Ltd. is planning China’s largest sale so far under a trial program for lenders to offload bad loans by packaging them up as asset-backed securities, Bloomberg reported.…

China has completed the production of the world’s largest amphibious aircraft, state media has said, the latest effort in the country’s program to wean itself off dependence on foreign aviation…

China said Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade…

Britain’s economy was battered by the Brexit vote last month and faced a “dramatic deterioration” in activity as orders dried up and business investments were canned, key data showed Friday.

Spain’s economy may grow around 2.9% in 2016, up from the current official target of 2.7%, although 2017 could come under pressure due to lower global growth, acting Economy Minister Luis de…

Global finance officials promised Sunday to protect the world economy from the shockwaves of Britain's European Union referendum and to boost sluggish growth.

Italy does not have a problem with its banks, Finance Minister Pier Carlo Padoan said Sunday, despite investors fretting about nearly $400 billion of bad debts weighing down the sector, reported…

Structural reforms are important to bolster economic growth and share the benefits broadly, Christine Lagarde, managing director of the International Monetary Fund, said on Sunday after a meeting…

Nigeria’s federal government says it is giving serious attention to science and technology as a way of diversifying the economy in response to the crash in crude oil prices at the international…

South Korea’s economy is expected to grow 3% in 2017 from a year earlier, the International Monetary Fund said Sunday, adjusting upward its previous estimate despite rising economic uncertainties…

Global steel prices are expected to decline in the second half of the current calendar year, after an upward rally during January-June, on account of decline in demand in the world’s largest…

In the first half of this year, Vietnam’s economy showed signs of rallying. The macro economy stabilized and GDP increased 5.52%.

Although the growth rate is lower than last year, it has…

Canada’s economy should rebound “over the course of the year” from the impact of the Fort McMurray, Alta. wildfire, Finance Minister Bill Morneau said on the sidelines of a G20 meeting…

China expanded efforts to steady the currency markets, with the central bank adding verbal support to the exchange rate after a week that saw it slip past a key level against the dollar.

In a global economy, remittances represent one of the major international flows of financial resources, even exceeding the flows of foreign direct investment in some cases. Further, in the past…

HSBC Holdings Plc, Europe’s largest bank, is selling $2.7 billion of loans as part of a plan to cut risk-weighted assets by $290 billion over the next three years, according to two people…

The world's leading economies will do more to lift global growth and share the benefits more broadly, top policymakers said on Saturday as they sought to deal with fallout from Britain's Brexit…

S&P downgraded the ratings from “BB+” to “BB” for the Turkiye Is Bankasi AS, Garanti Finansal Kiralama A.S., Yapi ve Kredi Bankasi A.S., Turkiye Garanti Bankasi A.S. and the Turkiye…

The European Commission has awarded an extra €82.6 million ($90.6 million) in emergency funding to Greece under the Asylum, Migration and Integration Fund and the Internal Security Fund.