World Economy

The Canadian dollar has been the biggest loser against the US dollar; over the month of December the loonie fell 2.43% against the greenback, FXStreet reported. USD/CAD spiked to 1.37, the highest…

A UN agency has signed an agreement with the government of Afghanistan to help ensure food security and improved economic status of thousands of rural households suffering from frequent food…

Foreign banks are regaining lost ground in the Persian Gulf Arab states’ financial sector, stealing a march on local lenders as they grapple with job cuts and a liquidity squeeze caused by the…

A sharp slowdown in China’s economy to a 2.3% growth rate in the next three years would have “significant knock-on effects” across emerging markets and corporate credit quality worldwide,…

The US Federal Reserve is widely expected to raise interest rates this week, and Asia will be ready for it when it happens, economists told Channel NewsAsia.

Official figures from the Office for National Statistics have revealed that UK inflation returned to positive territory in November, with the measure of CPI standing at 0.1%.

A plan to set up a eurozone insurance for bank deposits is the key priority of the European Union to boost the bloc’s economy, top EU officials said on Tuesday, pushing for a deal that has been…

Scotland’s economy contracted last month as a result of a downturn in the oil and gas industry, according to a new report, Yahoo reported. The latest Bank of Scotland monthly purchasing managers…

Alibaba Group Holding Ltd has agreed on a $266 million deal to acquire the 112-year old Hong Kong’s leading English-language newspaper South China Morning Post and other media assets of SCMP Group…

London copper edged down on Monday as the dollar firmed ahead of this week’s key interest rate decision by the US Federal Reserve, but prices stayed near two-week highs as better than expected…

Corsican nationalists have won a historic and unexpected victory in France’s regional elections, gaining two seats short of an outright majority on the island.

The Pe a Corsica (For Corsica…

Asian stocks fell on Monday and China’s yuan hit fresh 4-1/2-year lows as plunging oil prices added to investors’ nervousness about riskier assets ahead of an expected US rate rise by the Federal…

Moody’s Investors Service says that the outlook for banks in the Asia Pacific is generally stable in 2016, but for many of the region’s banking systems, asset quality and profitability will…

Brazil’s real declined the most among regional currencies on worsening prospects for the economy as President Dilma Rousseff fights attempts to impeach her.

The real dropped 0.5% to 3.89…

China has given unconditional clearance to a proposed merger between Royal Dutch Shell and BG Group, clearing the final key regulatory hurdle for the $70-billion tie-up, Shell said on Monday, CNBC…

The Ukrainian economy is set to contract 12% this year, while inflation is forecast to reach 50.8%, according to the World Bank.

The main reasons for the slowing economy and rising…

There’s been plenty of prognosticating about what will happen to the bond market’s unprecedented bull run once US interest rates start rising from rock-bottom levels. A quick scan of history…

Nigeria’s consumer price index, which measures inflation, rose to 9.4% in November. The marginal increase represents a 0.1% rise from 9.3% recorded in the previous month, NewsNow reported. This…

Eurozone industrial production recovered at a faster than expected pace in October on durable consumer goods output, official data showed Monday.

Industrial output advanced 0.6% on a…

Saudi Arabia's natural resources have made it wealthy and influential. But low oil prices, the war in Yemen and regional scuffles are whittling away its financial wiggle room.

In a meeting with reporters last week, Finance Minister Choi Kyung-hwan dismissed warnings that the South Korean economy may be facing its worst ever conditions as exaggerated.

“Some have…

Japanese business confidence held steady and companies maintained their bullish spending plans, a quarterly central bank survey showed on Monday, offering some relief to policymakers worried that…

Egypt’s annual inflation rate accelerated 11.8% in November compared to 10.3% in October, official statistics agency CAPMAS announced, Albawaba reported. The annual consumer price index…

Lithuania’s state railroad company has closed its Vilnius-Moscow-Vilnius route. The country’s last train serving the route arrived in Moscow on Saturday, Tass reported. “Direct passenger…

Shire Plc is in takeover talks with Baxalta Inc. and is making progress toward a deal as the drugmaker seeks to expand in rare diseases and fend off larger competitors, according to people with…