World Economy

Asian shares slipped from near three-week highs on Friday as a rally in oil prices reversed and investors remained cautious about the outlook for the global economy.

Europe also looks set…

A court-appointed mediator in New York says Argentina has reached a settlement with bondholders seeking more than $110 million of the $10 billion being pursued by investors, AP reported. Mediator…

David Cameron’s negotiations with fellow European Union leaders spilled into a second day as he pleaded for a deal on Britain’s membership of the bloc that he can sell to British voters.

The Hungarian economy is performing ‘very well’ and its vulnerability to shocks has declined substantially, the IMF said in a report. Solid growth and a sharp reduction in unemployment are largely…

China’s record expansion of credit in January reveals Beijing’s policy priorities. It sees avoiding a “hard landing” for the economy as more critical than imposing control over what some analysts…

Employment in Scotland has reached a record high, with official figures showing 22,000 more people found work in the last three months of last year, NewsNow reported. There were 2,636,000 Scots…

Honduras’ economy will grow by at least 3.6% rate it notched last year, the finance minister of the impoverished Central American nation told Reuters. Wilfredo Cerrato also said he expected the…

Investor expectations for the Swiss economy slipped in February as uncertainty over global economies and falling prices came to the fore, Reuters reported. But even at -5.9 points on the Swiss ZEW…

After decades of rapid economic growth and per capita income gains, Brazil is struggling. According to the International Monetary Fund, the country’s GDP is poised to contract …

Sorcery is alive and well in Venezuela, once the richest country in South America, now an economic disaster. Hand over $100 and–hey presto!–you get a wad of notes the size of two house bricks: 100…

Greece, struggling with more than €100 billion ($112 billion) of soured loans, wants to cap distressed debt sales, the country’s economy minister said.

Puerto Rico’s government cited “substantial doubt” about its ability to continue as a going concern and said there is a threat to government services because its Government Development Bank is at…

The Bank of Japan should act preemptively to change the deflationary mindset in Japan and this action could come as soon as March, said Etsuro Honda, an adviser to Prime Minister Shinzo Abe.

The decline in the price of crude oil badly hit Angola. The national currency kwanza nearly crashed and imports have drastically reduced, DW reported. Food is scarce and more expensive such that…

Taiwan’s gross domestic product contracted at an annual rate of 0.52% in the fourth quarter of 2015—steeper than the previous estimate of 0.28%—as the country’s export-led economy…

Europe’s banks are grappling with a combination of tighter regulation and a weak economic climate. Their shares have been pummeled, prompting managers to call on central banks to intervene.

Argentina has struck a deal to settle with a group of holders of euro-denominated bonds it defaulted on 15 years ago, reaching a major breakthrough in its long-running debt dispute with US hedge…

Italy should let people retire early with lower pensions to reduce the country’s almost 40% youth unemployment rate, the head of the pensions and social security agency says.

China’s banks issued a record amount of new loans in January—in a sign that looser monetary policy may be having some impact in combating the slowdown in the nation’s economic growth.…

India said it may seize Vodafone Group Plc’s assets in the country if the company doesn’t pay a disputed 142-billion-rupee ($2.1 billion) tax bill that’s still undergoing international arbitration…

London copper rallied on Tuesday as China markets stabilized, soothing fears that a further sharp deterioration in Chinese shares or currency could derail a fragile global recovery and impair…

Russian wheat export prices fell last week, hit by concerns about future supply contracts to world No. 1 importer Egypt, analysts said on Tuesday, Reuters reported. Black Sea prices for Russian…

Italian Prime Minister, Matteo Renzi, attempts to reach a deal with the European Commission over the 2016 budget before the economy tumbles further, according to Reuters. Italy faces a barrage of…

German investor confidence fell sharply in February as weeks of global financial market turmoil fuelled worries about the world economic outlook.

UK inflation edged up to a 12-month high in January, as a fall in petrol prices eased.

Inflation, as measured by the Consumer Prices Index, rose by 0.3%. It was helped by smaller falls…