World Economy

Goldman Sachs Group Inc. said it agreed to settle a US probe into its handling of mortgage-backed securities for about $5.1 billion, cutting fourth-quarter profit by about $1.5 billion and closing…

This past summer, as China’s stock market tanked and its economy slowed, Chinese central bankers responded by trying to prevent capital flight. They tightened currency controls and devalued…

The governor of Indonesia’s central bank said on Friday there should be room to loosen monetary policy further, but cautioned that lenders might face a near-term liquidity squeeze due to increased…

It turns out that losing Russian exports and trade preferences are not the only problems Ukraine will face as the trade ban by Moscow comes into force. The transit of Ukrainian goods to Central…

The global economy faces a worrying array of risks, from natural disasters related to climate change to the rise of Daesh and hacking, according to experts polled by the World Economic Forum,…

The Netherlands will be at the forefront of efforts to combat multinationals’ tax avoidance, its finance minister said on Friday, amid a dispute with the European Commission over his country’s tax…

On 6th January, Britain’s Chancellor of the Exchequer George Osborne made a speech emphasizing the threats to the UK economy in the coming year.

Mutual funds investing in Korean, Russian and Chinese equities led the emerging market pack last year, but weak growth and high levels of market volatility are set to test top performing fund…

Analysts have cut their forecasts for economic growth in Saudi Arabia and the Persian Gulf’s other rich Arab oil states this year but still expect the region to avoid recession by a comfortable…

Greece has ‘fully accepted’ that the IMF take a role in its third bailout program, according to head of the Eurogroup Jeroen Dijsselbloem. Athens had previously claimed the Fund’s involvement was…

The French consumer price index increased by 0.2% in December 2015 as increasing prices of services and manufacturing products drove up the country’s inflation rate, official data showed on…

Cedrus Bank, Lebanon’s largest specialized bank in Lebanon, is considering local expansion and a major acquisition of a lender to increase its balance sheet and become a major player in the…

South Korea’s youth unemployment rate marked 9.2% last year, the highest ever; and job market conditions are expected to worsen due to companies’ reluctance to recruit new workers amid an economic…

Egypt will borrow $1 billion in a concessional loan from a Chinese bank, to finance the establishment of sanitation networks in the country’s Nile Delta villages, the state’s official news…

The country’s economy is seen to grow by 7% in the next five years should investments improve, the Philippine economic planning chief said on Wednesday.

As South Sudan’s most recent peace deal between rebels and government officials is compromised, the East African country has begun exporting coffee for the first time ever.

With the…

Treating China as an economy driven by the market, not by the state, would have an impact on Europe’s economic output, the European Commission said in a statement on Wednesday following a…

General Electric plans to cut 6,500 jobs in Europe over the next two years, including 765 in France and 1,300 in Switzerland, the company said on Wednesday.

A GE spokesman in France said GE…

India’s trade deficit with China touched a whopping $44.87 billion last year and its exports shrank to $13.38 billion as bilateral trade registered a marginal increase, totaling $71.64 billion,…

Asian equities opened higher Wednesday in reaction to the rebound in US equities overnight. Dow Jones industrial average closed up 117.65 pts or 0.72% to close at 16515.22 but was kept well below…

Brazil’s real followed commodities higher after a report showed Chinese exports unexpectedly rose last month in yuan terms. The real advanced 0.6% to 4.01 per dollar in Sao Paulo. The Bloomberg…

Russia’s budget deficit in 2015 amounted to 2.6% of GDP, Finance Minister Anton Siluanov said Wednesday.

“The budget deficit last year amounted to 2.6% of GDP. The number is lower than we…

In her Republican response to the State of the Union address, South Carolina Gov. Nikki Haley expressed criticism of President Barack Obama’s stewardship of the economy.

Analysts at Mizuho International Plc and Royal Bank of Scotland Group Plc stepped up calls for more monetary stimulus as an indicator of the eurozone’s inflation outlook derived from forwards…

The House of Representatives has voted almost unanimously to implement further sanctions against Pyongyang. The bill will now move on to the Senate for approval.

Days after North Korea said…