World Economy

US prosecutors are asking whether two law firms gave Standard Chartered Plc improper advice as they steered the bank through a sanctions-violations investigation, according to people familiar with…

The China-led rout that is sending shock waves through global markets may get worse, and if it does, that’s when investors should turn back to equities, told Goldman Sachs Group Inc.’s Christian…

Czech economy grew by 4.7% in Q3 yr/yr, against a 4.5% expansion in the previous estimate of the end of Nov, and its growth reached 0.7% qtr/qtr, compared with 0.5% predicted at end-Nov, according…

Abu Dhabi-listed Dana Gas aims to slash its head office workforce by 40% and cut general and administrative costs by half, its chief executive said on Tuesday, Reuters reported. The energy company…

The president of Piraeus Bank Michalis Sallas has estimated that the Greek economy will return to growth in the second half of 2016, provided that the bailout program review is completed…

Pressure on companies’ credit ratings globally is the highest since the 2008-09 financial crisis, a new report from Standard and Poor’s said on Tuesday.

Japan’s business confidence among people with jobs sensitive to economic conditions improved in December, the government said Tuesday. Confidence fell in November but a year-end uptick took place…

Until recently, the usual thinking among macroeconomists has been that short-term weather fluctuations don’t matter much for economic activity. Construction hiring may be stronger than usual in a…

A prominent European think-tank contends that the Russian economy may be entering into a death spiral, driven by a combination of factors, including low energy prices, government mismanagement, a…

China’s offshore yuan was trading almost in line with its onshore counterpart on Tuesday, with the offshore yuan implied overnight deposit rate hitting a record high, indicating extremely tight…

The plunging price of oil remains a big drag on market sentiment as West Texas Intermediate drops ever closer to the psychological $30 level. This oil weakness is putting equity markets in a near…

Ukraine’s total direct and guaranteed state debt in October-November 2015 fell by $5.52 billion or 7.8%, reaching $65.15 billion, the Finance Ministry of Ukraine reported on its website on Tuesday…

The Turkish government forecast a robust Turkish economy, in the announcement of the new Medium-Term Economic Program on Monday by Deputy Prime Minister Mehmet Simsek.

The program increases…

The Persian Gulf Arab states (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman) bourses declined in early trade on Tuesday as Brent crude nose-dived towards $30 and weak…

South Africa is moving closer to a recession and possible credit-rating downgrade to junk after the rand collapsed and as investors lose faith in the ability of President Jacob Zuma’s…

Just over half of the businesses in Singapore have said they are “adversely affected” by the current economic climate, according to the findings of the latest National Business Survey released by…

The EU on Monday closed a major tax break that Belgium offered to dozens of multinationals, including AB InBev, and ordered the companies to return $762 million (€700 million) in unpaid taxes.

Very slowly–and primarily because of massive stimulus from the European Central Bank–the eurozone is showing signs of recovery. It is a dawn that policymakers are struggling to nurture into broad…

Pakistan’s economy is fuelling growth across sectors, with its financial sector providing numerous opportunities for global investors.

Pakistan’s revival in fortunes since the election of…

UBS Group AG will double its staff in China over five years, adding about 600 people as Chief Executive Officer Sergio Ermotti bets a time of volatile markets is as good as any for ramping up…

The weighted average of the Kazakh tenge fell to an all-time low of 355.52 per dollar in the main morning session on the Kazakhstan Stock Exchange on Monday, Reuters reported. It traded at 351.85…

China’s biggest chemical company says it has bought a German maker of machinery to process rubber and plastic for $1 billion in the biggest Chinese investment to date in Germany, AP reported.…

Japanese investment bank Nomura has predicted a difficult 2016 for countries in Southeast Asia, not including Japan. According to Nomura, the growth of Asia’s emerging economies will stall at 5.7…

Danish consumer prices rose last year at their slowest pace since 1953, dragged down by cheaper energy and excess capacity in the economy.

Consumer prices rose only 0.5% in 2015 from 2014,…

The director of the International Monetary Fund Christine Lagarde has said China’s economic growth model was going through a legitimate transition.

Lagarde made the remarks in an interview…