World Economy

The pound is suffering as the forthcoming referendum on Britain’s membership of the European Union looms large. And with no date for the vote having been set, traders are signaling there’s little…

German factory orders declined slightly more than expected in December, dragged down by lower demand at home and in other eurozone countries, AP reported. The economy ministry said Friday that…

Russia’s foreign trade surplus decreased by 33% ($48.9 billion) in 2015 to $161.4 billion, according to documents published by the Federal Customs Service.

Russia’s exports dropped by 31.1…

Foxconn should be able to reach a deal to acquire Sharp Corp over the next two to three weeks, after the two firms reached a consensus on most points at a meeting on Friday, chief executive…

The number of Americans filing applications for unemployment benefits rose last week as employers continued to adjust staffing levels following the holidays. Jobless claims climbed by 8,000 to 285…

Canada’s job market unexpectedly went into reverse last month. Almost 6,000 jobs were lost–and the country’s energy heartland was hit hardest. Alberta’s economy shed 10,000 jobs in January,…

Hints of investor optimism in Europe were snuffed out this week, as the darkening economic outlook registered across the continent and sent stocks and credit markets sliding.

China can avoid a “hard landing” if Beijing pursues reforms to state enterprises and sticks to a more market-driven and well-communicated exchange rate policy, International Monetary Fund Managing…

Indonesia’s economy picked up speed in the fourth quarter thanks to higher public spending, suggesting President Joko Widodo is finally starting to unclog much needed infrastructure investment and…

Standing amid a jumble of food stalls in an Istanbul market, 61-year-old Gulsen Yuce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week.

The National Bank of Ukraine maintains its outlook for headline inflation in Ukraine in 2016 at 12%, while downgrading its forecast for core inflation to 9.2%, UNIAN reported.

A devaluation of Saudi Arabia's currency could cause such political instability that Riyadh has little choice but to stick to its promise to use vast foreign exchange reserves to defend the riyal'…

The World Bank said on Thursday that 2015 economic growth in the Middle East and North Africa likely came to just 2.6%, falling short of a 2.8% forecast in October as terrorism, wars and cheap oil…

Plunging commodity prices are expected to drive losses of around $13 billion on assets held by Japanese trading houses, oil refineries and steelmakers in the current financial year, dealing…

ArcelorMittal, the world’s largest steelmaker, launched plans on Friday to raise $3 billion from a share issue to reduce debt, as it continues to suffer from the Chinese industry’s overcapacity…

The New Zealand dollar was on fire during the Asian session as the employment report surprised massively to the upside, FXStreet reported. In the fourth quarter, the unemployment rate eased to 5.3…

Japanese government bond yields fell to record lows on Wednesday as a plunge in Tokyo shares fueled demand for safe-haven debt, Reuters reported. The five-year JGB yield hit minus 0.12% and the…

Internet pioneer Yahoo has posted a $4.4 billion loss for the last quarter of 2015. In a bid to save the struggling business, the firm has said it will slash jobs and sell “non-strategic” assets.…

Peru plans to lower the royalty payments it receives from oil companies by July in order to help them survive the oil price crisis and might allow some to postpone part of their payments, the…

Shares in Japan led most markets across Asia sharply lower Wednesday, amid ongoing volatility in the oil market and concerns that global growth is slowing.

UAE-based small and medium enterprises struggled to raise and collect money during the last quarter, pushing plans to recruit, launch products or open new outlets aside, according to a recent…

Confidence among the UK’s dominant services firms has slumped to a three-year low as “cracks” appear in the country’s resilience to looming threats, experts have warned.

China National Chemical Corp. agreed to buy Swiss pesticide and seeds maker Syngenta AG for more than $43 billion in cash as the state-backed company extends its shopping spree with what would be…

 In an article published this week, titled “Qatari Banks’ Profitability to Wane in 2016,” Standard & Poor’s Ratings Services says that it anticipates tightening liquidity, slackening…

South Korea unveiled a set of stimulus measures on Wednesday to keep Asia’s fourth-largest economy on a recovery track in the face of falling oil prices and tumbling demand from China and other…