World Economy

Major Middle East stock markets look set to consolidate on Sunday with a firm bias thanks to positive short-term technical signals.

With Brent oil still languishing below $45 a barrel and a…

Credit rating agency Standard & Poor’s has downgraded Oman’s sovereign debt in a sign of growing pressure on the finances of some Persian Gulf Arab oil exporters.

From department stores to delicatessens, Spanish retailers are anticipating their best Christmas in years as shoppers gear up for a spending spree that should help extend an economic recovery and…

The dollar could soon be worth as much as the euro. The two currencies are heading toward parity after Mario Draghi, the president of the European Central Bank, dropped yet another strong hint…

Thirteen years after the idea was mooted, Southeast Asian leaders on Sunday formally created a unified economic community in a region more populous and diverse than the European Union or North…

Consumer confidence within the eurozone economy improved more than predicted in November, with sentiment benefiting from the prospect of further European Central Bank stimulus to combat anemic…

The United States pushed China for greater market access at annual trade talks in China on Sunday, though few breakthroughs are expected amid tensions over cyber hacking and rules that could…

It looks certain that Chinese currency yuan will enter the International Monetary Fund's benchmark currency basket by November end.

For China, yuan's inclusion will be a big deal …

Japanese inflation will likely rise in the near future so long as oil prices don’t fall further, Bank of Japan board member Sayuri Shirai said, but higher wage growth remains key to reaching the…

Deposits by the Indian diaspora in local banks swelled by $10 billion in the first six months of the current fiscal year, as they looked to seize the advantage of a weak rupee and the interest…

Dow Jones and Pearson announced they were planning to sell their shares in Russia’s “Vedomosti” daily to local businessman Damian Kudryavtsev, DW reported.  A third foreign stakeholder,…

The jobs market in the United Arab Emirates has seen a slowdown in year-on-year growth, the latest figures from the Monster Employment Index in the Middle East revealed, Albawaba reported.…

With trading and investment between ASEAN and India continuing to flourish, Indian Prime Minister Narendra Modi believes ASEAN will remain the country’s largest investment partner.

“After a…

Job losses in Brazil accelerated in October to the fastest pace so far this year as the country’s political and economic crisis continued to worsen.

Brazil’s economy shed a net 169,131…

The World Trade Organization has ruled in favor of Mexico in a trade dispute with the US, saying Washington’s requirement for “dolphin-safe” tuna labels is unfair to Mexican fishermen, AP reported…

Middle East buyers remained very active in the global commercial real estate investment market during the first half of 2015 despite the impact of low oil prices, a new report has said.

Greece’s government said it expected the economy to flat-line this year and shrink less than previously forecast in 2016, as it finalized a budget likely to heap more austerity on a long-suffering…

The falling value of loans to junk-rated companies could be a negative factor in fourth-quarter earnings for US banks, analysts said.

“We know the trouble’s there but I think a tougher…

European leaders have agreed to step up their controls of virtual currencies such as bitcoin and other anonymous payment methods they suspect Islamic State and other terrorists use to finance…

A slump in dry bulk shipping is set to worsen as the meltdown in global commodities and too many ships free for hire rock the sector used by investors to gauge the health of world trade.

Moody’s Investors Service predicts that the Ukrainian economy will grow by 2% per annum on the average, starting from 2016, on condition there is a positive policy track record of structural…

Europe’s first Exchange-Traded Fund denominated in yuan and based on the domestic Chinese share market was launched on Friday, Bank of China’s international division said in a statement, Reuters…

Britain's deficit grew last month to the worst October level for six years, data showed Friday, dealing a blow to Chancellor of the Exchequer George Osborne one week before his budget update.

The word is out that bearing in mind the shaky state of the Eurozone economy, the ECB may be thinking about opening the money taps wider.

Although terrorism shot up the agenda at the G20, the world’s largest economies meeting in Turkey also had to tackle other global challenges such as climate change–and the…