World Economy

The Labor Department’s announcement Friday that 151,000 jobs were created in January and that the unemployment rate dropped to an eight-year low of 4.9% was certainly good news for Americans.

Australia’s coalition government’s efforts to trigger an infrastructure boom show signs of floundering with official figures showing there has been an unexplained $16 billion cut in…

Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from…

German authorities have ordered the closure of Maple Bank after the Canadian-owned company was investigated for alleged tax evasion and money laundering, CNBC reported. Maple Bank, based in…

Malaysia’s trade performance exceeded forecasts in 2015 with total trade up by 1.2% to RM1.466 trillion ($352.3 billion).

This was on the back of higher exports and imports which stood at…

The eurozone’s 19 national central banks hold investment assets worth almost half a trillion euros, according to previously secret information published on Friday by the European Central Bank in…

Slovakia’s Foreign Ministry issued a statement explaining how the country’s expanding car sector will give a boost to economic growth in the coming years to levels last seen before the global…

Portugal’s 2016 draft budgetary plan is at risk of non-compliance with the provisions of the bloc’s Stability and Growth Pact, according to the European Commission.

China will fine tune monetary policy and keep the yuan basically stable while guarding against systemic financial risks, the country’s central bank said Sunday in its fourth-quarter monetary…

Stock markets in Saudi Arabia and Egypt slipped in early trade on Sunday, erasing some of their gains in the previous session after oil prices reversed and global markets sold off at the end of…

Palm oil prices could jump more than expected to 2,700 ringgit per ton in the second quarter, the highest since early 2014, as seasonally lower output and dry weather dent inventories across…

Ukrainian government bonds plunged as efforts faltered to shore up the ruling coalition after a key reformer quit and accused presidential party members of corruption…

Moody’s gave no update on Finland’s credit rating, leaving the recession hit Nordic country among the few eurozone members with two top notch triple-A ratings, Reuters reported. Finland’s economy…

The Russian government is thinking of adding palm oil, soda and potato chips to the list of excisable goods, RT quoted two government officials as saying. The measure would be part of a plan to…

Ratifying the Trans-Pacific Partnership trade deal would seriously impede Canada’s future prosperity, according to Jim Balsille, the former co-CEO of Research in Motion and co-founder of the…

Cash-strapped Brazilian states, struggling with falling revenues during the worst recession in decades, may look to privatize power assets if state-controlled utility Eletrobras succeeds in…

Argentina offered a $6.5 billion cash payment to creditors who hold its defaulted bonds on Friday, seeking to end a festering legal battle that transformed the country into a financial markets…

The Philippine economy is seen to grow at least 5.8% in the next five years, London-based international lender Standard Chartered Bank said.

Based on the lender’s survey among its clients…

Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a…

DoubleLine Capital’s Jeffrey Gundlach sees the dollar weakening this year, challenging an increasingly fragile consensus that the greenback is headed higher, after its worst week versus the yen…

Sri Lanka has made a formal request for an International Monetary Fund bailout package to aid its struggling economy after a sharp slowdown in growth and with its budget deficit widening,…

Investors will be on the lookout for evidence that China is denting its sizable foreign exchange reserves when the People’s Bank of China releases data for January on Sunday, potentially…

The European Commission has estimated that Greece has shown resilience in face of the capital controls that were introduced in 2015, as explained in the published European Economic…

Venezuela’s economy is facing a tsunami of bad news. The country is suffering from the world’s deepest recession, highest inflation rate and highest credit risk—all problems aggravated by plunging…

Economists predict that this year will continue to be a tough one for South Africans with the country ranked as the third most miserable nation economically in the world.

Bloomberg rates…