World Economy

An economic report issued Tuesday by Saudi Jadwa Investment shows that Saudi Arabia’s fiscal reserves fell to a four-year low of $611.9 billion in 2015, down from $732 billion in 2014 and the…

Turkey needs to put in place tighter monetary policy to bring inflation back to its 5% target in the medium term, the International Monetary Fund stated, Anadolu Agency reported. The IMF…

The volume of green bonds issued to fund environmentally friendly projects has risen markedly in recent months, Moody’s Investor Service has reported. The Paris climate summit contributed…

Since 2016 began, the prospect of a major devaluation of China’s renminbi has been hanging over global markets like the Sword of Damocles. No other source of policy uncertainty has been as…

The European Union and the US reached a new deal to facilitate trans-Atlantic data transfers, in a last-minute agreement designed to safeguard privacy and protect technology giants and…

Black market employers in Germany are facing hard times, a new study has found, because better-paid legal work has been shrinking the ranks of those forced into untaxed, cash-in-hand jobs.

German authorities say the country’s unemployment rate increased to 6.7% in January from 6.1% in December, but the rise was due to seasonal factors, AP reported. The Federal Labor Agency said…

London copper hit a four-week top on Tuesday on technical buying as traders wound up positions ahead of the Lunar New Year, and after a steadier tone in China stocks and currency markets soothed…

Swiss bank UBS Group AG has reported higher fourth-quarter net profit but seen its shares plunge on news that investor money is fleeing turbulent markets, Reuters reported. The Zurich-based bank…

Hong Kong retail sales suffered their worst annual decline last year since 2002, battered by a fall in big spending tourists from the mainland and weak consumer spending.

France reported a 10.6% unemployment rate in April 2015, a shocking number for the second-largest economy in the Eurozone. By contrast, the EU-wide average is 9.8% and Germany’s is at an…

World stocks dipped after a three-day run of gains and emerging markets were back under pressure on Tuesday, as a sharp drop in oil prices following lackluster economic data sparked renewed nerves…

Brazilian industry finished its worst year in more than a decade on a bad note, with output declining more than expected as the country’s economic recession deepened.

Growth in Britain’s construction industry was its weakest in nine months in January after a short-lived recovery in December, a survey published on Tuesday showed. The Markit/CIPS Purchasing…

Remittances by expatriates in Saudi Arabia reached an all-time high of SR156.9 billion ($41.6 billion) in 2015, up 2.3% from a total of SR153.3 billion in remittances during 2014.

In all,…

China will probably have to resort to capital controls as even the world’s biggest foreign-exchange stockpile won’t be sufficient to defend the yuan, according to Societe Generale SA.

Denmark’s largest financial institution, Danske Bank, plans to make its biggest ever payout to investors via a dividend and share buy-back, it said on Tuesday, after posting fourth-quarter…

 President Vladimir Putin said that only investors based in Russia can buy stakes in state companies that may be privatized.

Americans are making more money, finding more jobs and enjoying cheap gas prices. But they’re not spending much...not even during the holiday season.

The Bank of Japan isn’t running out of policy options in its attempt to reinvigorate the economy, a senior government official said Tuesday, days after the central bank surprised investors by…

Authorities in Singapore say they have seized a “large number” of bank accounts that various media have linked to a Malaysian government-run fund that stirred controversy…

January updates on Asia’s mammoth factory sector released on Monday showed the new year began much as the old one ended–with too much capacity chasing too little demand.

While central bankers got all the attention last week–from the Federal Reserve acknowledging the risk of too-low inflation from the crude oil wipeout to the Bank of Japan cutting…

Japanese government bond prices soared on Monday as the Bank of Japan’s surprise introduction of negative interest rates last week drove yields for up to almost nine years below zero, Reuters…

Barclays Plc and Credit Suisse Group AG agreed to settle allegations by New York’s top cop and the US Securities and Exchange Commission that they misled investors on how they managed their…