World Economy

CMA CGM SA offered to buy Singapore’s Neptune Orient Lines Ltd. for S$3.38 billion ($2.4 billion), creating a container shipping line with stronger Asian and US routes that narrows the gap…

South Africa’s National Treasury says it has enough foreign currency deposits to repay its current and medium-term debt after the country had its credit rating cut to the lowest…

Fitch Ratings has revised Bahrain’s outlook to negative from stable as it forecasts a wider double-digit budget deficit of 12.5% of GDP in 2015.

The commodity-price slump and the slowdown in China’s economy are crippling developing nations’ ability to borrow abroad, even as international debt sales from advanced nations remain at a five-…

The government in Australia has unveiled a package in support of innovation across the country. The move came as political leaders sought to map out a pathway beyond the nation’s fading resources…

The ruble headed for its longest streak of declines since May 2012 after OPEC effectively abandoned output limits, spurring concern Russia will struggle to emerge from a recession as low oil…

Economists are optimistic that Southeast Asia will continue to outperform more developed Asian economies, such as South Korea and Japan, although the region's economies are all slowing down.

Thomson Reuters, the world’s leading provider of intelligent information for businesses and professionals, in partnership with Barwa Bank, Qatar’s newest Islamic bank in which government is a…

It’s common knowledge that India’s public sector banks are in a mess. If the situation persists, not only will the banking system be in jeopardy putting further pressure on government finances,…

An "uneasy calm" prevails in financial markets about the first increase in US interest rates in almost a decade, which is widely expected later this month, the Bank for International Settlements…

India is planning to ban imports of 24-carat gold jewelry in an attempt to curb the misuse of free trade agreements with Asian countries, PTI reported.

US regulators are examining whether banks colluded in setting prices in the derivatives market where investors speculate on credit risk, according to a person with knowledge of the matter,…

Greece’s Parliament has approved the 2016 budget that includes deep spending cuts and tax hikes amid economic recession, AP reported. The budget passed early Sunday, 153-145, with 2 lawmakers…

Hong Kong has welcomed the UAE’s willingness to expand its economic relations with Hong Kong in various investment, commercial and industrial sectors, particularly in the field of innovation and…

Singapore has replaced Mauritius as the top source of foreign direct investment into India during the first half of the current fiscal.

During April-September 2015, India has attracted $6.…

Many low- and lower-middle income countries are seeking to implement modern monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth, according to a…

Getting the yuan into the International Monetary Fund’s special drawing rights basket of currencies, as the fifth reserve currency, may have been the easy part.

Spain was hit hard by the global financial crisis, experiencing five, difficult years of on-off recession that saw unemployment rocket from a low of around 8% in 2007 to a high of 27% in 2013.

Bangladesh has earned $12.88 billion from exports in the first five months of the ongoing fiscal year, registering a 6.71% rise over the same period the previous financial year, Yahoo reported.…

Hints by Mario Draghi ahead of last Thursday’s ECB rate meeting that the eurozone may need another big injection of money backfired, stiffening the resolve of more conservative central bankers who…

This October, Qatar’s Emir signed into law labor reforms intended to address the situation of migrant workers in the country. Since being selected to host the 2022 World Cup, Qatar has been…

Egypt is looking to increase exports to Russia by 15% in the coming year, eying an opportunity to take advantage of Russian restrictions on Turkish imports, an Egyptian ministry of trade official…

South African President Jacob Zuma says closer ties between Africa and China will be a “win-win” cooperation. In his closing remarks at a major summit between China and Africa in Johannesburg, he…

Yumi, a 30-year-old working mother with two daughters, takes a calculator whenever she goes shopping. Every yen counts when your budget for a week’s groceries is about $24.

The South Korean economy is maintaining a modest pace of growth on the back of a rise in domestic demand and corporate investment, a state-run think tank said Sunday.

In its latest monthly…