World Economy

A French court has ordered the head of the International Monetary Fund to face trial over her role in a compensation payout to a French tycoon in 2008. Her lawyer was not amused.

Christine…

The Federal Reserve decided to raise its rates in a watershed moment for the global economy. Janet Yellen, the Federal Reserve chairman, said the decision marked “the end of an extraordinary…

Japan’s central bank announced an unexpected round of new stimulus measures on Friday to complement its vast asset-buying scheme, pushing the yen down sharply and giving a brief boost to Tokyo…

US industrial production saw its sharpest decline in more than three and a half years in November as utilities dropped sharply, a sign of weakness that could moderate fourth-quarter growth.

Inflation in the eurozone in November wasn’t as sluggish as initially estimated, data showed on Wednesday, but deflation fears are still likely to persist in coming months, analysts said,…

The UK unemployment rate fell to 5.2% in the three-month ended October 2015, its lowest rate since 2006, according to the official jobs figures released Wednesday.

The International Monetary Fund’s recent decision to add the Chinese renminbi to the basket of currencies that determine the value of its reserve asset, the Special Drawing Right, has captured…

Spain may no longer be in economic or financial crisis but record public debt and the ability–and willingness–of the incoming government to pursue “structural reforms” are reasons for investors to…

According to ZEW research group, investor sentiment in Germany is still rising amid confidence that Europe’s biggest economy is robust enough to withstand the refugee crisis and the economic…

Japan’s government is eyeing economic growth of a nominal 3.1% and real 1.7% as part of its macroeconomic projections for the next fiscal year that starts in April, government sources told Reuters…

Gold rose for a second day as traders kept on the sidelines ahead of a highly anticipated Federal Reserve meeting (Dec. 15-16) that’s likely to result in the first US interest rate increase in…

Global Payments Inc. agreed to buy smaller rival Heartland Payment Systems Inc. for about $4.3 billion as card-processing companies consolidate and adapt to new technology, Bloomberg reported.…

South Korea lowered its growth outlook for 2016 on Wednesday, citing headwinds for exports from China’s slowdown. The finance ministry said Asia’s fourth-largest economy will expand 3.1% next year…

Chinese junk bonds are getting some help from the nation’s central bank, making them more resilient if not immune to the global swoon in the riskiest debt ahead of the Federal Reserve’s interest…

Mauritius economy is expected to expand by about 4% next year and inflation is likely to remain stable, the International Monetary Fund said on Wednesday, Reuters reported. Mauro Mecagni, the IMF…

Egypt is keen that India participate in the Suez Canal Economic Zone, a mega development project adjacent to the New Suez Canal, which will provide Indian investors close connectivity with both…

Mixed expectations and goals are emerging as the four-day 10th World Trade Organization ministerial meeting opened its first ministerial conference in Africa in the Kenyan capital Nairobi on…

If you examine the statistical performance of the American economy at the end of 2015, all looks well. The US is generating solid growth, producing lots of jobs and creating plenty of wealth, even…

Asian stocks rose briskly on Wednesday, with sentiment lifting as Wall Street rose before a likely hike in US interest rates, while the dollar held to large gains made as treasury yields picked up…

Only 14 initial public offerings by Chinese companies on American exchanges were made this year, the fewest since 2013. The value of Chinese IPOs also plunged to $66 million this year, down 98%…

Sumitomo Mitsui Financial Group Inc. agreed to buy General Electric Co.’s Japanese finance and leasing business for about $4.8 billion to further expand its operations outside of banking,…

Anglo-Dutch oil giant Shell has said thousands more jobs will be slashed, if the takeover of British utility company BG can be finalized as planned, DW reported. The firm said the move was…

The International Monetary Fund is warning the Persian Gulf Arab states to speed up fiscal reforms, with its Middle East director saying on Tuesday “major adjustments” are needed.

One of the biggest economic surprises of 2015 is that the stunning drop in global oil prices did not deliver a bigger boost to global growth.

Prime ministers of the Shanghai Cooperation Organization member states vowed Tuesday to deepen regional economic cooperation within frameworks including the Belt and Road Initiative.