World Economy

The benchmark S&P 500 stock index brushed against its record closing high as Wall Street rallied after a much-larger-than-expected jump in jobs growth confirmed the US economy has regained…

Employers in the US shook off two months of weak hiring by adding 287,000 jobs in June, a robust pace that suggests a resilient US economy recovering from a slump early in the year, AP reported.…

India’s Tata Steel said it had entered discussions with industry players including Germany’s ThyssenKrupp over a possible joint venture for its European operations, as a potential alternative to…

President Raul Castro told Cubans to brace for tough times because the country must cut spending and energy supply as it deals with a cash crunch and reduced oil imports from ally Venezuela,…

China’s commerce minister said Saturday the outlook for the global economy remains grim despite its gradual recovery from the impact of the financial crisis.

Gao Hucheng’s comments…

The International Monetary Fund on Friday announced its cut on eurozone growth outlook for the next two years over uncertainties sparked by Britain's exit from the European Union.

State intervention to support Italian banks may be needed because of the risk that current difficulties could undermine trust in the nation’s financial industry, said Bank of Italy Governor…

The Bank of England may cut interest rates for the first time since 2009 next week to stabilize an economy in turmoil after Britons voted to leave the European Union, according to a majority of…

Mexicans and Germans put in the longest and least hours respectively at work in 2015, a labor report by the Organization for Economic Cooperation and Development showed, DigitalLook reported.…

Revenue at Euro 2016 has increased by 34% to €1.93 billion ($2.13 billion) compared to Euro 2012, European soccer’s governing body UEFA said.

The increase was to be expected with the…

The European Union has known some crises in its time: the constitution that never was, impossible budget deals, debt devastating the Greek economy and threatening the euro currency, strife as…

Canada’s biggest pension funds are prepared to finance the construction of major new federal government infrastructure projects, according to senior fund sources, marking a shift from their…

The International Monetary Fund has called on the Greek government to expand labor market flexibility, foster competition in service and product markets and improve the business environment in its…

China should slow down the pace of wage increases in order to maintain competitiveness, human resources vice minister Xin Changxing said on Friday, as reported by channelnewsasia.com.

Wall Street was set to open higher on Friday as strong monthly jobs data assuaged concerns about the health of the labor market.

Data showed that 287,000 jobs were added in the public and…

According to provisional data from the Federal Statistics office, Germany recorded a headline trade surplus of 21 billion euros for May from 19.4 billion euros in May 2015. The seasonally-adjusted…

Italy’s banking crisis could spread to the rest of Europe, and rules limiting state aid to lenders should be reconsidered to prevent greater upheaval, Societe Generale SA Chairman Lorenzo Bini…

Hong Kong stocks fell on Friday, tracking losses in Shanghai shares, on fears of further weakness in the yuan and worries that Britain’s decision to leave the European Union could destabilize one…

The pound headed for a third week of declines spurred by the Brexit vote, winning itself the title of 2016’s worst performer among major currencies.

Trade wonks and policy makers got a new data point to help assess the state of global trade, and the first reading wasn’t encouraging.

Workers striking at Wal-Mart Stores Inc outlets in China have returned to work after the firm agreed to consider their protests against a new work scheduling system that some fear could be used to…

Three more UK property funds froze trading Wednesday, bringing the total to six and adding to Brexit-inspired anxiety in global financial markets. Canada Life, Columbia Threadneedle and Henderson…

US millennials are wary of putting their money in the stock market, which could hurt their earning potential in the long run. Only 33 % of millennials said they own stock, compared with 51 %…

US Mortgage rates fell to just above the all-time low this week, extending an opportunity for homeowners to refinance. At 3.52%, the average rate on the 30-year, fixed-rate mortgage was a dash…

European stocks swung higher Friday, with financial shares advancing after a tough week for the sector, with the gains coming ahead of closely watched figures on the US labor market due later in…