World Economy

US Democratic presidential candidate Bernie Sanders warned on Tuesday that financial-sector greed was “destroying the fabric of our nation” and said the starting point of any Wall Street reform…

The yuan sank to a five-year low after China’s central bank signaled it’s becoming more tolerant of a depreciating currency as intervention costs rise and economic growth slows.

While the world’s attention is focused on Saudi Arabia’s latest flare up with Iran, many Saudis are concerned about the “economic bomb” at home.

Derivatives and currency traders see a growing chance that the Bank of Canada will drop interest rates back to a record low this year as the economic outlook dims abroad and at home.

America’s trade deficit shrank in November as a decline in imports exceeded a drop in the value of shipments abroad.

The gap narrowed 5% to $42.4 billion from a revised $44.6 billion in…

The government has been urged to take immediate action to tackle a potential rise in the poverty rate amid the weak domestic economy, as existing programs have been ineffective in addressing the…

Barclays will announce investment banking job cuts across Asia next week, including closures in South Korea and Taiwan, sources with direct knowledge of the matter told Reuters.

New World China Land Ltd. shares surged to the highest in more than eight years in Hong Kong on an offer by its parent to take the China unit private for HK$21.5 billion ($2.8 billion), after a…

While Citigroup isn’t calling for a definitive end to the US bull market, it is telling clients that better opportunities can be found elsewhere, Bloomberg reported. A team of Citi analysts …

Treasuries were little changed before Wednesday’s release of the minutes of the Federal Reserve’s December policy meeting as traders doubt officials will be able to raise interest rates as…

Chile’s Senate approved the last major hurdle so that the Pacific Alliance trade bloc that it shares with members Colombia, Mexico and Peru can reduce tariffs to 0% on 92% of commerce.

Salary increase forecasts for 2016 in the UAE and Qatar are recorded at 4.9%, a figure below 5% for the first time in five years, a report said, adding hikes in Saudi Arabia are expected to hover…

Rich countries’ development aid hit a record high in 2014 but the share that reached the world’s poorest countries was the lowest since 2006, the Organization for Economic Cooperation and…

The decision by the US Federal Reserve to raise rates for the first time since the financial crisis marks the beginning of the strong dollar era. This in combination with falling crude prices…

 Puerto Rico’s PRIFA infrastructure authority did not transfer funds to its bond trustee to pay debt due Jan. 1 on certain bonds, according to regulatory filings on Tuesday, further…

According to a new study by accountancy firm Grant Thornton, British businesses are amongst the most optimistic in the world, being beaten in Europe only by Ireland.

The new research…

Spanish unemployment fell by nearly 8% in 2015 from the previous year, the labor ministry said on Tuesday, AFP reported. The number of jobless dropped by 354,203 to 4.04 million, the largest…

Philippine annual inflation accelerated more than expected in December to hit its highest in seven months, the country’s statistics agency said on Tuesday, Xinhua reported.

The euro declined against the dollar as investors awaited data on inflation in the 19-nation currency bloc, Bloomberg reported. While economists forecast the report will show eurozone inflation…

The Managing Director of the International Monetary Fund Christine Lagarde addressed journalists after a meeting with President Muhammadu Buhari in Abuja, NewsNow reported. She said the discussion…

The Australian share market at the Australian Securities Exchange fell for a third trading day in a row on Tuesday, with the fall-out from Monday’s Wall Street rout trumping renewed…

Many countries may look with envy upon Sweden. Growth last year was probably around 3%, with household consumption rising a little more than 2%. Its current account surplus is 7.5% of…

China has warned foreign banks it could curb their operations in the world’s biggest bullion market if they refuse to participate in the planned launch of a yuan-denominated benchmark price…

Companies from Taiwan invested $1.39 billion in Vietnam last year, making Taiwan the fourth largest source of foreign investment in the country, according to statistics released by Vietnam’s…

South Korea’s current account surplus grew from a month earlier in November as the deficit in the service sector narrowed, nearly offsetting a drop in the goods account, preliminary data from the…