World Economy

Insurance companies that guarantee Puerto Rico municipal debt filed a lawsuit challenging the commonwealth’s decision to divert revenue designated for some bonds to pay other creditors, Bloomberg…

International Monetary Fund chief Christine Lagarde urged central African states Friday to diversify their economies, which have been hit by plummeting petroleum prices and terrorism. The IMF…

The worst start to a year for global financial markets sparked the biggest weekly outflow of cash from equity mutual funds since September.

Gold gained around 4% overall and overnight in Asia, hitting a nine-week high above $1,110 an ounce, with prices benefitting from major upheaval on the stock markets this week.

Canada will have to “ride out” the economic storm that has plunged the dollar to the 70-cent US range, the central bank governor said, Yahoo reported. It will take time to adjust to the shock…

It has been a rather challenging year for the Malaysian economy. Political disruptions and economic shocks have rocked the nation.

Singapore, an economy known for its disciplined monetary and fiscal policy, has managed to get caught in the crossfire of a currency war with no easy way out.

The South Korean currency may plummet 10% this year, according to the country’s largest brokerage firm. While that has some people worried, others say the drop could boost South Korea’s economy,…

US stocks ended one of their worst opening weeks in history with another sharp decline on Friday, as concerns about sagging energy prices overwhelmed early optimism about stronger-than-expected US…

Brazil’s inflation rate closed 2015 at the highest level in more than 12 years, above 10%, overshooting the government’s target and prompting the central bank to vow action to curb prices despite…

From a distance, Russian public finances are currently rosy, but with bleak prospects. Russia is not an economy dependent on oil alone. But natural resources can make or break the budget. For the…

US job growth surged in December and employment for the prior two months was revised sharply higher, suggesting that a recent manufacturing-led slowdown in economic growth would be temporary.…

A study by Britain’s Trade Union Congress found that consumer credit and student loans was £319 billion ($466 billion) in the third quarter of last year, a record high, Business Reporter said. The…

Last November, President Barack Obama decided not to approve the Keystone tar-sands oil pipeline project. Now TransCanada Corp. is suing the US government in an attempt to force a reversal of the…

Venezuela’s President Nicolas Maduro has said that the country’s economy is in a state of emergency as oil prices fall to just $33 a barrel, the lowest rate in more than a decade, Al Jazeera…

Banks in Norway should prepare for a potential economic shock brought on by lower oil prices, according to the country’s financial regulator.

The Asian Development Bank president said Friday he is optimistic China’s economy will post healthy growth of 6.7% this year despite jitters over the yuan’s depreciation and a plunge in Chinese…

Central bankers are no longer the circuit breakers for financial markets. Monetary-policy makers, market saviors the past decade through the promise of interest-rate reductions or asset purchases…

A slew of economic data released this week helped markets to gauge the health of eurozone economy and judge whether or not ECB’s monetary policies intended to spur growth in the bloc is helping to…

A plunge in oil prices coupled with a 7% drop in the Chinese stock market dragged the UAE’s equity indexes on Thursday, with the Dubai Financial Market index falling as much as 4%.

Swiss unemployment jumped to 3.7% in December from 3.4% in the previous month, according to figures issued from Bern on Friday that suggest the Swiss economy is continuing to weaken in the face of…

Italy’s unemployment rate fell to its lowest level in three years in November, the national statistics office said on Thursday.

The number of people out of jobs dropped by nearly 500,000…

Weak growth among major emerging markets will weigh on global growth in 2016, but economic activity should still pick up modestly to a 2.9% pace, from 2.4% growth in 2015, as advanced economies…

French Economy Minister Emmanuel Macron is urging deeper economic liberalization and reforms, saying red tape must be cut to overcome stagnation. He argued over-regulation of labor markets was…

Growing signs of weakness in the US economy are helping keep oil prices under pressure even as tensions escalate across North Africa and the Middle East.

US manufacturers reported business…