World Economy

Despite a number of years of steady employment gains and stock market growth, many Americans are feeling financially strained and pessimistic about the nation's economic future.

Standard and Poor’s lowered its long-term credit rating for Saudi Arabia one notch to A+ after the country’s deficit rose sharply because of low oil prices.

Canada’s economy grew for a third straight month in August, but at a much slower pace foreshadowing a more sluggish growth in the future.

Manufacturing, mining, quarrying, and oil and gas…

Eurozone consumer prices halted a decline in October as the European Central Bank stepped up preparations for more stimulus.

Taiwan narrowly dodged a recession in the third quarter even as the economy contracted for the first time since the global financial crisis, with exporters suffering a crippling blow from…

Brazil does not look like an economy on the verge of overheating. The IMF expects it to shrink by 3% this year, and 1% next. The country has not suffered two straight years of contraction since…

World shares rose on Friday and were on course for their best month in four years, as global central banks kept stimulus policies intact and many hinted at further steps to reenergize their…

Turkey’s foreign trade deficit declined by 46.6% to $3.7 billion in September compared to the same month of 2014 due to a dramatic decline in the country’s energy imports and a slowdown in the…

Standard Chartered Plc has held discussions with bankers on raising at least $4 billion as British regulators toughen scrutiny on lenders with exposure to emerging markets in a second round of…

There may be less than meets the eye in the $600-billion drop in global foreign reserves. Most of the slump in the 12 months through July is attributable to a stronger dollar reducing the value of…

Pfizer Inc, the No. 1 US drugmaker, and Botox maker Allergan Plc said they were in friendly talks to create a pharmaceutical colossus but the prospect that the company would seek to avoid US taxes…

Germany’s biggest lender has posted a historic loss of €6 billion ($6.6 billion) as the bank continues to be bogged down by a string of legal charges. The report comes as Deutsche unveils a huge…

Asian shares edged higher on Friday and were on track for their biggest monthly rise since January 2012, as global central banks kept stimulative policies intact and many hinted at further steps…

The Bank of Japan declined to step up its monetary stimulus Friday even as it postponed its time-frame for reaching a 2% inflation target for the second time this year.

BOJ Governor…

Russia can contribute technologically in the production of titanium aircraft parts for Airbus, Axel Flaig, Airbus Senior Vice President Research and Technology told RT. The plane maker is using…

The International Monetary Fund will go ahead with the promised $17.5 billion loan to Ukraine even if Kiev defaults on its $3 billion debt to Russia due in December.

Chinese Premier Li Keqiang held a red-carpet ceremony to welcome the German leader, who is on her eighth visit to China since 2005 in the capacity of chancellor.

China and Germany have…

Middle East fund managers have on balance turned negative towards equities in the region because of low oil prices, instability in the global economy and the prospect of monetary tightening, a…

President Barack Obama won passage by the Congress early on Friday of legislation that lifted the threat of a default on government debt through the end of his presidency and a budget blueprint…

With a preliminary reading of the manufacturing industry scrapped this month by Markit Economics and Caixin Media, analysts must search a bit harder for the pulse of the world’s second-…

Novolipetsk Steel OJSC, Russia’s largest steelmaker by output, expects little or no growth in global demand for the material next year and some producers will probably cut supply amid the rout in…

German Chancellor Angela Merkel is set to embark on a three-day trip to China in a bid to enhance bilateral trade ties and mutual trust, DW reported. Merkel’s visit–from October 28 to 30–comes at…

BRICS as a union “does not impose anything on anyone,” because it does not have the bloc discipline inherent in military-political alliances, says Russian Foreign Minister Sergey Lavrov, RT…

China’s Ministry of Commerce has announced that the mainland’s total trade with Hong Kong dropped 11.5% year on year in the first three quarters of this year to $231.92 billion, accounting for 7.9…

Kuwait Airways is heading into an expansion phase which will include partnerships, following a restructuring plan that helped it cut losses, an executive at the state-owned airline said late…