World Economy

A bumper North American railroad bid and three other big tie-ups announced this week have taken the number of takeover deals worth $5 billion or more to a record 128 this year, according to…

Five major purchasers of US debt have been selling US government bonds in a sign of a global economic slowdown spurred by China, according to figures just released by the Federal Reserve Board in…

World shares headed for their best week in over a month on Friday, though alarm bells over global growth were ringing in metals markets as copper hovered at its lowest level since 2009 and nickel…

Saudi Arabia’s construction industry faces difficult times ahead as the prospect of state budget cuts adds to painful labor reforms, according to major builder Al-Khodari, in a sign of the strain…

Gold climbed from a five-year low as Federal Reserve Vice Chairman Stanley Fischer said that US policy makers have done their best to prepare international markets for the first interest rate…

Moscow will impose a food embargo on Ukraine starting from January 1, 2016, when the economic part of Kiev’s European Association Agreement comes into force, according to Russia’s Economic…

A recent Bank of America Merrill Lynch research report titled, ‘MENA & Frontier Observer’, says that the (Persian) Gulf Cooperation Council equity markets are looking increasingly attractive…

China said it cracked the nation’s biggest “underground bank,” which handled 410 billion yuan ($64 billion) of illegal foreign-exchange transactions, as the nation tries to combat corruption and…

Turkish consumer confidence rebounded to a 19-month high in November, official data showed on Friday, after an election restored the AK Party’s single-party rule and eased political uncertainty…

A Canadian company has recovered a 1,111 carat diamond in Botswana. This is the second biggest diamond ever extracted, and is about the size of a tennis ball.

The gem, found by Lucara…

Asean nations are upbeat on the opportunities the Asean Economic Community has to offer, citing the integration that helps increase the region’s resilience to global jitters.

Greece’s Parliament has approved reforms in order to receive its next round of bailout funds. During the vote, two lawmakers were expelled for opposing the bill, leaving Prime Minister Alexis…

South Korea is accustomed to seeing government and economic think tanks lower their economic growth forecasts, but this custom is hampering the right economic policies, according to LG Economic…

The high-drama highway arrest of a prominent hedge fund manager, seizures of computers and phones at Chinese mutual funds, the investigations of the president of Citic…

Russian President Vladimir Putin has offered Kiev a three-year installment plan to pay back its €3 billion ($3.2 billion) debt to Moscow, RT reported. The Russian media link the offer to a…

Tokyo is planning to create a $110 billion fund to bankroll infrastructure projects in Asia and part of it could be invested in Russia’s Far East, said Deputy Economic Development Minister…

Air Liquide SA’s $10.3 billion takeover of rival Airgas Inc. gives the European company a leading share of the US market in industrial gases amid forecasts of further construction manufacturing…

The annual consumer price inflation was 4.7% in October, up from 4.6% in September, but lower than the 4.9% expected by experts of The Inflation Factory which tracks inflation in real-…

Chinese President Xi Jinping acknowledged downside risks to growth while assuring fellow leaders that Asia’s biggest economy is resilient and will remain on the path of reform.

The European Union this week issued its long-awaited guidelines to label settlement products produced in the illegal settlements Israel has built in the territory it occupied forcefully in 1967,…

Confidence in Switzerland’s economy came off an 18-month high in October to land back at zero in November, implying that investors expect no change for now in factors weighing against growth, a…

Still nursing deep financial wounds from the oil-market collapse, the petroleum industry has shed roughly 25,000 jobs around the world in the last two months, cutting upstream workers that…

Japan and other members of the Organization for Economic Cooperation and Development will end public financing of coal-fired power generation in principle from 2017 to help rein in global warming…

Dubai’s slowing economy, the rout in commodities and strict debt repayment laws are reviving a phenomenon that symbolized the emirate’s crash in 2009: “skips,” or business owners who quietly leave…

Federal Reserve Chair Janet Yellen urged lawmakers to reject proposed legislation to increase congressional oversight of the central bank that she said would harm the economy, a message later…