World Economy

Singapore’s central bank is scrutinizing several banks, including UBS and DBS Group Holdings, to see if they broke anti-money laundering rules in handling transactions linked to scandal-hit…

Zimbabwe’s finance minister blamed international sanctions on Sunday for a cash crunch that has forced the government to delay wages to soldiers and civil servants as President Robert Mugabe faces…

Ecuador’s economy contracted by 3% in the first quarter of 2016 compared with the same period a year earlier, the central bank said, Yahoo Finance reported. This was driven by a contraction of the…

Australian Prime Minister Malcolm Turnbull told his British counterpart Theresa May he would like to see the two countries strike a free trade deal as soon as possible following Britain’s vote to…

Taiwan is expected to report a year-on-year decline in export orders for June despite signs of that orders placed to Taiwanese electronics makers have started to pick up again, the Ministry of…

Moody’s Investors Service has maintained its negative outlook on Lebanon’s banking system, reflecting the rating agency’s expectation of a continued weak operating environment that will slow…

Of the 30 listed insurance companies on the Saudi stock market (Tadawul), 10 have come under pressure to rectify their financial status after suffering heavy losses.

In the run-up to this September’s G20 summit in Hangzhou, China, there has been much talk about strengthening global macroeconomic cooperation and reforming the international monetary system.

While the United Kingdom has not yet recovered from the results of the referendum on Brexit, US companies are already planning to release products using the term “Brexit” as their logo.

Eurozone annual inflation gradually increased throughout June, moving from -0.1% to +0.1% compared to the previous month, according to the latest Eurostat data, Investment Europe reported.…

South Africa is once again the second biggest economy on the African continent as it reclaims the position from Egypt–and continues to narrow in on Nigeria. According to the latest projections…

South Korea’s exports to China will continue to decline partly due to a change in China’s economic structure, a central bank report said, pointing to a need to adjust the country’s own economic…

The widening trade surplus in June on the back of a seasonal demand indicates a weak recovery of Indonesia’s economy, according to economists with the private lender Bank Danamon Indonesia.

Turkey’s lira plunged the most in eight years, an exchange-traded fund tied to the country’s shares declined and US Treasuries ticked higher after Turkey’s army said it seized power and President…

Non-performing loans of China’s commercial banking sector rose to 1.81% of total lending at the end of the second quarter, the highest since the global financial crisis in 2009, the country’s top…

Peru’s economy accelerated 4.88% in May on a year-on-year basis, the country’s national statistics institute reported on Friday, suggesting one of the world’s top copper producers is recovering…

The Chinese investor, Midea, has announced that most Kuka shareholders took it up on its takeover offer, with time for more to get on board, DW reported. Kuka’s CEO reiterated that the company…

The White House on Friday predicted that the government's budget deficit for the soon-to-end fiscal year will hit $600 billion, an increase of $162 billion over last year's tally and a reversal of…

Britain’s vote to leave the European Union will probably reduce global investment banks’ revenue by about $8 billion and could push securities firms to exit some trading businesses, according to a…

It might seem extraordinary that the developed world could fail to generate enough growth to lift inflation back to target for decades, yet there is mounting evidence this is a real possibility.…

Negative yields are spreading to more areas of the fixed-income market by the day. Data from Barclays Plc. highlight the staggering pace of change as this week Deutsche…

Fitch affirmed Poland’s A- rating with a stable outlook, saying reduced policy predictability under the Law and Justice party government was offset by the country’s robust economic fundamentals…

After topping the business optimism ranking for the last two quarters globally, India slipped to the third place in the April-June quarter of 2016, the latest Grant Thornton International Business…

US banks got a reprieve last week when the Federal Reserve gave them one more year to comply with a Volcker Rule ban on investing in private equity and hedge funds.

For Goldman Sachs Group…

Iraq, pressured by lower-than-expected oil prices, will cut non-oil spending in its 2016 budget by 15% and take on several billion dollars in international debt, it said in a memo which the…