World Economy

Kazakhstan, Central Asia’s largest economy, is banking on plans to diversify its oil-based economy to achieve stronger growth after a sluggish 1.2% rise forecast for this year, the government and…

The US dollar weakened 0.31% against the JPY and closed at 122.52. In the Asian session, the pair is trading at 122.34, with the dollar trading 0.15% lower from yesterday’s close.

For the first time in nine years, the United States is ready to hike interest rates. Meanwhile, major central banks around the world are still engaging in enormous quantitative easing programs to…

The Swedish government said it has a “minister for the future” that aims to steer the country toward a fossil-free economy by 2030.

The Swedish government said it has one of the lowest…

Eurozone central bank officials are considering options such as whether to stagger charges on banks hoarding cash or to buy more debt ahead of the next European Central Bank meeting, according to…

Iron ore has taken a fresh beating, with prices sinking to the lowest level in six years as output cuts at Chinese mills hurt demand while low-cost supplies from the biggest miners expand. It…

World stock markets fell while government debt prices rose as investors sought safety in low-risk assets after Turkish jets shot down a Russian warplane near the Syrian border.

The dollar…

Indonesian Trade Minister Thomas Lembong downplayed concerns of the upcoming Association of Southeast Asian Nation economic integration scheduled to roll out in less than a month, noting the…

Zambia should access emergency funding from the International Monetary Fund to prevent further deterioration in the economy, according to Situmbeko Musokotwane, a former finance minister in Africa…

Moody’s Investors Service Wednesday cautioned that a loss of momentum on reforms may hamper investment and prove to be a ‘downside factor’ for Indian companies, even as it said most corporates…

The EU Commission has unveiled plans for a eurozone bank deposit insurance fund to become the third pillar of its much-vaunted banking union. Germany and Austria, however, are resisting the…

The chief economist at Economists.co.za, Mike Schussler, has warned South Africans to brace themselves for a recession.

The latest visa restrictions, droughts, strikes and ineffective state…

The US economy grew at a healthier clip in the third quarter than initially thought, suggesting resilience that could help give the Federal Reserve confidence to raise interest rates next month.…

Hungary’s central bank said on Tuesday it had bought a 68.8% stake in the Budapest Stock Exchange, an intervention into financial markets it said was designed to help companies obtain capital and…

By most traditional economic gauges, little is going right today for Mexico. Growth is sluggish, oil exports are falling and credit markets have started to dry up.

Chinese e-commerce giant Alibaba is reportedly in talks to sell its stake in online booking and discount platform Meituan-Dianping for about $1 billion, AsiaFirst reported. According to a…

The ruble-traded MICEX is at its highest level in seven years. The impetus appears to come from Russia and the West uniting in their efforts to fight ISIS in the Middle East, RT reported. Traders…

German insurance and asset management giant Allianz has said it wants to drop all investment in coal, DW reported. The announcement came shortly before a crucial UN climate summit in Paris aimed…

The El Nino weather phenomenon is known to create havoc in global food chain, but its impact is likely to go far beyond, with fish catch, energy prices and poultry supply hit as well.

“The…

Despite stellar earnings, Japanese companies appear reluctant to spend big on equipment at home, a trend attributed to such factors as their overseas focus and the advance of cloud-computing that…

Ukraine’s government has decided to temporarily stop freight transport communication with Russia-annexed Crimean peninsula, the government’s press service said, World Bulletin reported.…

Despite the economic slowdown in China, the country is outpacing the rest of the world in creating new start-ups, according to a study by the international accounting and consultancy network UHY…

Persian Gulf Arab banks are rushing to raise money via the loan market by the end of the year in a flurry of activity attributed to a liquidity squeeze caused by lower oil prices, banking sources…

Asian shares dragged their feet on Tuesday after a healthcare mega-merger failed to impress investors while the dollar held firm near an eight-month high as investors grew more convinced of a US…

The global economy is settling into a slow-growth rut, steered there by policymakers’ inability or unwillingness to address major impediments at a global level. Indeed, even the current anemic…