World Economy

China’s central bank will allow funds in non-resident accounts to be converted into fixed deposits, sources told Reuters, which could encourage foreigners’ to keep trade-related earnings in the…

Angela Merkel was missing from Davos this year, but the German leader’s optimistic mantra “we can do this” echoed through the snowy resort in the Swiss Alps.

If markets rebounded Friday after the sustained selloff on fresh “stimulus” hopes, then one would have to wonder immediately what the background fundamentals might be. Setting aside all notions of…

So far in 2016, silver prices are flat. This could change, NewsNow reported. Don’t be shocked if the gray precious metal is severely higher by the year’s end than it currently trades. Often,…

Ukraine may still reach an agreement with Russia on $3 billion of debt it defaulted on last month as talks mediated by Germany continue, Finance Minister Natalie Jaresko said, Bloomberg reported.…

A deal to restructure Puerto Rico’s troubled power utility’s $8.2 billion bond debt fell apart early Saturday, after lawmakers missed a Friday midnight deadline to approve key conditions for the…

Major stock markets in the Middle East rebounded on Sunday, joining the global market rally at the end of last week as investors took solace in the bounce-back in crude oil prices.

Brent…

The 2016 annual meeting of the World Economic Forum concluded on Saturday in the small city of Davos, Switzerland, in which several panels mostly focused on the main theme of ‘Fourth Industrial…

Scotland’s deputy first minister, John Swinney, has hailed news that productivity in Scotland outperformed the UK in 2014 and across the period of recession and recovery.

Wall Street is breathing a sigh of relief after the S&P 500 Index managed to eke out its first weekly gain of the year, CNBC reported. Despite the signs of strength, one prominent…

US banks are cutting off a growing number of customers in Mexico, deciding that business south of the border might not be worth the risks in the wake of mounting regulatory warnings.

Italian Finance Minister Pier Carlo Padoan said the government is conducting a “very good conversation” with the European Commission on a plan to help banks offload bad debt, as additional…

Elisabeth Ofosu-Adjare, Ghana’s Minister of Tourism, Culture and Creative Arts says African leaders are poised and capable of addressing the challenges to continue to attract foreign direct…

Bank of Japan Gov. Haruhiko Kuroda said he would scrutinize various factors, including the effect of global market turbulence on Japan’s inflation expectations, in deciding whether additional…

Brazil hoped to start 2016 making itself pretty for its turn on the world stage when its hosts the summer Olympics. Instead attention has turned to its deepening economic crisis.

The prospect of the world economy in the year 2016 was subject of heated debate on Saturday in the World Economic Forum in Davos, Switzerland.

Belgium considers the European Union’s current 10-nation plan for a financial-transactions tax to be unacceptable, Finance Minister Johan Van Overtveldt said.

US aircraft maker Boeing is throttling back production of its biggest jet, the Boeing 747-8 Jumbo, and Europe’s Airbus is likewise making fewer giant A380s, DW reported. But experts say big jets…

Google said on Friday it agreed to pay the UK tax authority £130 million ($185.5 million) in back taxes, prompting criticism from campaigners and academics who said the UK tax authority had agreed…

The eurozone’s central bank said €20 banknotes were the most common counterfeit bills in 2015, DW reported. Despite the record number of counterfeit euros, the ECB said fake cash “remains very low…

Confident of pushing the gross domestic product growth higher and continuing the reforms agenda, Finance Minister Arun Jaitley Saturday said one main reform which is still work in progress is ‘…

In spite of the difficult economic situation, Russians remain calm, because they believe in the stability of the state and “floodability” of the Russian economy, German financial analyst Matthias…

The Chinese economy is unlikely to see ‘hard landing’ and it would be in the interest of the world that China returns to a sustained growth path, IMF head Christine…

The World Economic Forum was once a venue of heated exchanges on key political, social, technological and development issues.

SDGs and Climate Change

Royal Dutch Shell Plc, Total SA and Statoil ASA, three of Europe’s biggest oil producers, were among more than 100 energy companies whose credit ratings were placed on review for possible…