World Economy

Volatility in China’s markets is inevitable as it implements reforms and its economy is unlikely to have a “hard landing,” HSBC Chief Executive Stuart Gulliver said on Friday, according to VoA. “…

Annual inflation in the eurozone turned negative in September due to sharply lower energy prices, the EU’s statistics office confirmed on Friday, maintaining pressure on the European…

A closely followed Fed official said Thursday he would favor a rate hike this year if the economy performs in line with forecasts for growth, employment and inflation.

However, William…

The UK’s largest lenders breathed a sigh of relief as the government softened conduct rules and the Bank of England revealed that banks will face a “limited” capital gap when they’re forced to…

The number of billionaires in the world’s second-largest economy, China, has overtaken the number of ultra-rich in the world’s largest economy, the United States, an annual wealth survey showed…

Industrial conglomerate General Electric Co. on Friday reported a decline in third-quarter profit, but strong performances from its core units helped the company top Wall Street expectations,…

The dollar pulled away from seven-week lows on Friday, after better-than-expected US inflation data kept alive bets the Federal Reserve would raise interest rates this year, and as expectations…

US banking giant Goldman Sachs has reported a sharp fall in profits as trading activity slowed owing to concerns about global economic growth, BBC reported. Net profits for the three months to 30…

Angus Deaton won the 2015 Nobel Prize in economics for his contribution to development economics and consequently development in economics.  The British-born Princeton professor received the…

A UK Treasury official said on Friday she saw a sound case for China’s yuan currency to be admitted to the International Monetary Fund’s SDR basket, Reuters reported. Asked if the UK supported the…

UK stocks rose for a second day to trim their weekly drop, fueled by a rally in Glencore Plc, according to Bloomberg. Glencore climbed 3.6% after investor Blackrock Inc. said the company’s plan to…

The United Arab Emirates is expected to save about Dhs 9.1 billion Emirati dirhams ($2.58 billion) through the deregulation of fuel subsidies, according to the country’s minister of energy, Gulf…

Chinese and Indonesian state-owned companies Friday signed a $5.5 billion deal to build the first high-speed railway in Southeast Asia’s top economy, after Beijing beat Tokyo to win the…

US consumer prices recorded their biggest drop in eight months in September as the cost of gasoline fell, but a steady pick-up in underlying price pressures should allay fears that a…

Poverty in sub-Saharan Africa is projected by the World Bank to drop to 35% this year as faster economic growth in the past two decades allowed governments to boost spending on schools and clinics…

The World Bank is trying to put together a package of financial assistance for countries hosting refugees from Syria, According to BBC.

Bank officials say there is a substantial financial…

The number of Americans filing new applications for unemployment benefits fell back to a 42-year low last week, suggesting the labor market remained strong despite an abrupt slowdown in job growth…

China has lost a trade dispute over duties on European and Japanese high-grade steel, according to a WTO ruling that was made public on Wednesday, Deutsche Welle reported. Japan and the European…

The German government Wednesday slightly trimmed its 2015 growth forecast due to the slowdown in emerging economies, but said domestic consumption would likely more than offset the external…

The US Justice Department has raised concern about demands by US airlines that the government limit flights of three Middle Eastern rivals to the United States, three sources familiar with the…

China’s foreign exchange market will “soon” extend the trading hours for the yuan to 23:30 local time (1530 GMT) to overlap with European trading hours, three sources with direct knowledge of the…

Central bank and sovereign wealth fund assets will shrink by $1.2 trillion, or almost 7%, by the end of the year as China and petro states including Russia and Saudi Arabia dip into their savings…

Saudi Arabia's finance ministry is closing the national accounts one month earlier than usual this year, suggesting it is tightening its control over spending as low oil prices create a record…

Euro zone industrial production declined in line with expectations in August, as the energy sector reversed gains made in July and only durable consumer goods output showing robust expansion,…

In a sign of intensifying economic and political ties between the two countries, France and Saudi Arabia have signed a number of agreements covering a wide range of sectors and worth billions of…