World Economy

Half of the gold coming from mines may not be viable at current prices, underscoring the industry’s need for consolidation and output cuts, according to the best-performing producer of the metal…

As the Association of Southeast Asian Nations takes steps toward implementing the ASEAN Economic Community by the end of 2015, they should be cognizant that the paths towards economic integration…

Weaker corporate balance sheets and currency market volatility pose risks to Singapore lenders, though the local banking system remains resilient, the Monetary Authority of Singapore said.

Pakistan’s National Assembly was informed that there was shortfall in tax collection target in the first quarter of the current fiscal year.

Parliamentary secretary for finance, Rana Afzal…

Morale among German consumers declined less than expected running into December and the willingness to buy even improved, a survey showed on Friday, a sign Christmas shoppers in Europe's largest…

Volkswagen AG has identified about $2 billion (€1.9 billion) in savings at its namesake car brand to help offset fines and recalls stemming from the manipulation of vehicle emissions.

Profits earned by China’s industrial companies dropped 4.6% from a year earlier in October, extending a 0.1% decline recorded in September, as the world’s second-largest economy faces continuing…

Emerging markets face another wave of ratings downgrades next year, with the Africa/Middle East region potentially given a ‘negative outlook’ and Brazil at risk of a cut to junk, Fitch Ratings’…

Britain’s financial watchdog has fined Barclays £72 million ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as…

Gold fell as expectations for an increase in US borrowing costs by the end of the year buoyed the dollar, curbing the metal’s appeal. Bullion for immediate delivery was down 0.4% at $1,068.36 an…

The pound fell for a second day after a report confirmed UK economic growth slowed in the third quarter, Bloomberg reported. Sterling was set to decline for a second week versus the dollar amid…

Shares of Spanish renewables giant Abengoa closed down over 30% on Thursday, one day after the company began insolvency proceedings.

Saudi Arabian money supply and bank lending figures show the economy of the world’s biggest oil exporter has started to slow as low global energy prices force the government to clamp down on…

 Bad loan ratio of South Korean banks inched down in the third quarter of this year from three months earlier on a fall in new soured loans, the financial watchdog said Friday.

Economic growth slightly picked up in the third quarter as government spent more and household consumption increased, the country’s economic manager said, Yahoo reported.

Migrants from the world’s poorest nations have sharply increased their remittances. Most of the money sent back home went to Asia last year, DW quoted the United Nations Conference on Trade and…

A western German state has provided Greece with information about suspected tax dodgers, using data it has bought from insiders in Switzerland. The move is to help Athens get serious about…

Russia plans to retaliate against Turkey for the downing of a warplane by imposing sanctions, cutting economic ties and scrapping major investment projects.

On Thursday, Russian Prime…

Japan on Friday published a string of mostly weak data, the first major figures since news that the world’s number three economy had slipped back into recession.

A key inflation gauge…

The volume of loans to the private sector in the eurozone expanded in October, with a bigger bounce recorded than the previous month, ECB data showed, suggesting a massive stimulus program may be…

Egypt plans to complete a side channel in East Port Said, near the Suez Canal, that would speed up shipping and allow ships direct entry into the port by the end of June 2016, said Mohab Memish,…

The number of Americans filing for unemployment benefits fell more than expected last week, drifting back to near 42-year lows as labor market conditions continue to tighten.

Initial claims…

Weak government spending and sluggish exports in the Philippines likely slowed economic growth in the third quarter from the previous three months, but the country remains on course to be one of…

Hong Kong-funded factories across the border have been trying to open up the mainland market since the 2008 global financial crisis, partly because overseas demand has not quite fully recovered,…

Russian agricultural watchdog Rosselkhoznadzor banned poultry supplies by a Turkish company in connection with Listeria found in products, the government agency said on Wednesday, Tass reported.…