World Economy

Business confidence in Scotland has dropped into negative territory for the first time in 12 months, according to the latest Grant Thornton UK survey. A score of -7 was recorded for the second…

The British Chancellor George Osborne could be forced to borrow an extra £19 billion ($25.2 billion) this year to fill a black hole created by Brexit chaos, economists have warned.

City…

In what is one of the greatest ironies of modern times, more African countries are facing starvation while some are bankrupt despite being endowed with resources.

Angola has openly declared…

Zimbabwe’s deteriorating economy is a ticking time bomb which could trigger social unrest, analysts have warned.

The economy is groaning six years after the introduction of a multicurrency…

A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby or leave.

South Korea’s manufacturing sector expanded at a faster rate in June, although overall growth remained subdued in a sign that Asia’s fourth largest economy was still struggling with weak…

Goldman Sachs is forecasting that steel consumption in China will shrink again from next year after a brief respite in 2016, and the nation’s iron ore imports will eventually start to decline too…

Saudi Arabia’s economy expanded at its slowest rate in three years during the first quarter of 2016 as low oil prices forced the government to cut spending and raise costs for industry, official…

The EU’s mixed strategy towards Southeast Asia, supporting the Association of Southeast Asian Nations while pursuing bilateral agreements, is showing results.

The EU has proposed an…

Deutsche Bank will not need a capital increase for the foreseeable future, its chief executive told German magazine Spiegel in an interview.

“I believe we can build up our capital…

The tight election outcome significantly increases the chance of Australia’s credit rating being downgraded and adds to the case for another interest rate cut, an economist says.

A weeklong convulsion in US stocks induced by Britain’s vote to leave the European Union has left some on Wall Street feeling better, thanks to stronger expectations of prolonged low interest…

Malaysia’s exports dropped by 0.9% year-on-year in May, latest statistics showed, Xinhua reported. In May, Malaysia’s exports decreased by 533.6 million ringgit ($133.9 million) to 59.95 billion…

Banking behemoth the State Bank of India has gone global to support clean energy, seen as a key to meet the country’s mammoth power requirement while protecting the environment, PTI reported.…

At the start of 2016, international ratings agency Moody’s downgraded Bank of Nova Scotia due to concerns about the headwinds facing Canada’s economy and its exposure to the troubled…

Leaving the UK in order to remain in the EU would turn Scotland into “Greece without the sun”, according to a right-wing think tank.

A report from the Center for Policy Studies acknowledged…

Oman’s narrow money stock, or M1, when measured on a year-on-year basis, grew by 4.4% to OMR5.4 billion ($14 billion) at the end of April 2016. This rise was a result of the increase in currency…

The hits keep on coming for the UK. Amid swirling acrimony and indignant finger-pointing in the aftermath of the nation’s vote to leave the European Union, a UN body piled on…

It sounds too good to be true, but the mayor of one New Zealand town promises it isn’t. In an effort to boost the economy, Kaitangata officials are paying people nearly $165,000 each to move there…

Losses for the world’s biggest pension fund likely deepened in the quarter just ended, extending what may be its worst annual loss since the global financial crisis, brokerage estimates showed.

Angolan Eurobonds tumbled after the leader of Africa’s largest oil producer said the country is struggling to meet debt payments because of the crash in crude prices.

Brazil has just roared back in the bond market. But to some market watchers, the nation still remains far too vulnerable to its unpredictable politics.

US consumers are finally following the script, and maybe this time they won’t stray from the role that economic fundamentals have assigned them.

The Middle East and North Africa region will see its lowest growth since the 1980s, as countries tighten fiscal policy in response to low oil prices, according to a new study.

Eurozone manufacturing grew faster than initially estimated in June, recording its best performance this year.

A Purchasing Manufacturers’ Index rose to 52.8 from 51.5, slightly higher than…