World Economy

Emerging market fund managers are seeking to escape from the straitjacket of traditional benchmark indexes in favor of a more flexible approach to capture the diverging performances of different…

The Swiss franc fell to a sharp low after the head of the Swiss National Bank said on November 26 that he was prepared to drive interest rates even further into negative territory.…

A year after China's financial regulators squared up to the systemic perils of "shadow banking", the threat is shifting to a booming corporate bond market, and risky borrowers' debt is finding its…

Irish SMEs are strongly optimistic about their future growth prospects according to new research carried out on behalf of Virgin Media Ireland, Business World reported. Some 85% of respondents are…

Analysts recently predicted that Saudi Arabia’s spending on information and communication technologies will top the $36 billion mark this year, driven in part by a desire to improve efficiencies…

Federal and state governments in Brazil say they will sue iron ore miner Samarco and its co-owners BHP Billiton and Vale for $ 5.2 billion for the damage caused when a dam burst earlier this month…

Islamic banks around the globe view risk management, equity financing and deepening their client base as the most pressing issues facing the sector in coming years, a survey showed.

President Vladimir Putin signed a decree imposing a raft of punitive economic sanctions against Turkey late Saturday, underlining the depth of the Kremlin’s anger towards Ankara days after Turkey…

Some African countries may seek to renegotiate repayment of existing debts to China as a way of helping their economies hit by lower crude and commodity prices, but will not turn down offers of…

India’s overall financial conditions have shown a healthy improvement, thanks to low cost of funds, strong liquidity, better external financial linkages and uptick in economic activity, says a…

As if Greece didn't have enough economic woes, last week foreign investment funds managed to take control of four of the country's largest banks—Alpha Bank, Eurobank, National Bank…

On Monday, China’s currency–the yuan–will most likely join the International Monetary Fund’s basket of reserve currencies, known as Special Drawing Rights, according to reports.

The…

Japan’s jobless rate fell to a 20-year low in October, but consumer spending and incomes also edged down as the tight labor market failed to spur significant increases in wages.

The latest…

Naspers Ltd., Africa’s largest company by market value, is considering a capital raising of as much as $2.5 billion to fund acquisitions and pay down debt related to the increase of its stake in…

Large fiscal buffers built up by the UAE’s Central Bank will protect the local economy from the impact of global external factors such as low oil prices, its governor has said, Arabian Business…

Allied Irish Banks Plc is seeking $872 million from Citigroup Inc. as a 12 year-old dispute over claims the US bank helped rogue AIB currency trader John Rusnak hide almost $700 million in losses…

The Japanese government is likely to cut the effective corporate tax rate to below 30% in fiscal 2016 from April, a year earlier than planned, people in the government and coalition parties told…

Eurozone economic confidence matched its highest level in more than four years as the European Central Bank prepares to make a decision on whether to increase stimulus.

The world’s 48 least developed countries, described as the poorest of the poor, are fighting a relentless battle against rising rural poverty. More than two thirds of the population of LDCs live…

America has received little bang for trillions of bucks put toward economic recovery. With so much time passed and money spent, one must recognize that the problem is more fundamental than a…

Nine large copper producers in China have agreed an initial plan to cut refined metal production by more than 200,000 tons in 2016 or around 5% from this year’s level, an executive at one of the…

Germany’s federal budget for the coming year has been approved by a clear majority in the Bundestag. Despite the ongoing refugee crisis, the country is not planning to take on new debt.

One of the biggest players in Russia’s building boom could soon lose its share. Turkish construction firms may be banned from the country as a part of the Kremlin’s economic response to Turkey…

Plans by the Bahraini government to remove fuel and utility subsidies are likely to have a long term impact on the country’s industrial and residential property markets, according to real estate…

Days after unearthing the biggest diamond in a century, Canadian mining company Lucara is still unable to put a value on the enormous stone. Despite reports it could be worth “north of $60 million…