World Economy

China's imports fell by an unexpectedly wide margin in September in a new sign of weakness in the world's second-largest economy.

The Bank of England has held UK interest rates at the record low of 0.5%, BBC reported. The Bank’s Monetary Policy Committee (MPC) voted by 8 to 1 to keep rates unchanged. One committee member,…

There could be sufficient economic data for the Federal Reserve to consider a rate hike at their meeting later in October but there will be a lot more data on hand in time for the December meeting…

Hedge funds betting that copper will drop further are playing a “dangerous game” with prices, according to the head of copper at Rio Tinto Group, the world’s second-biggest mining company,…

Bad news on the global economy has been good for precious metals.

Arcam AB Chief Executive Officer Magnus Rene says the Swedish maker of 3-D printers may soon have trouble keeping up with orders as airplane and engine makers start using the technology to make…

Dell Inc. agreed to buy EMC Corp. for about $67 billion in the largest technology acquisition ever, creating a corporate-computing giant that will use a wider product lineup to woo customers as…

The European Investment Bank could recall loans it gave to Volkswagen, its president told a German newspaper, BBC reported.

Werner Hoyer told Sueddeutsche Zeitung that the EIB gave loans to…

Swiss bank Credit Suisse could cut up to 2 billion Swiss francs ($2.08 billion) in costs as part of a revamp that new Chief Executive Tidjane Thiam will announce this month, the Schweiz am Sonntag…

Lufthansa will launch premium economy service to the Middle East later this month, as it goes head-to-head on quality with Persian Gulf rivals, Airwise news website reported.

The German…

Having bailed them out and then helped to repair their balance sheets with record-low interest rates and bond-buying, policy makers may assist the financial industry once more when the U.S.…

Commodities group Glencore is putting two copper mines, in Australia and Chile, on sale, according to Associated Press.

Two former Rabobank traders from Britain are set to become the first defendants to face trial in the United States on charges stemming from a global investigation into whether various banks sought…

The former boss of Anglo Irish Bank has been arrested on an extradition warrant, the US Attorney’s Office in Massachusetts says, BBC reported. He moved to the US in 2009, the same year Anglo Irish…

Campaigners for Britain to remain in the European Union will make a “patriotic case” that the country is safer in Europe, the group said on Sunday, bringing in business leaders, politicians and…

Turkey’s lira weakened for a second day and bonds slid as bombings in Ankara threatened to ratchet up political tension before elections next month, Bloomberg reported.

Scottish economist Angus Deaton has won the Nobel memorial prize in economic sciences for “his analysis of consumption, poverty, and welfare,” the Royal Swedish Academy of Sciences said Monday,…

European shares paused on Monday after their strong start to the fourth quarter while the dollar dipped towards three-week lows, with investors unconvinced the US Federal Reserve would raise…

German Chancellor Angela Merkel said her government will not raise taxes to cope with the unprecedented arrival of asylum seekers. Merkel discussed the situation with interior ministers from the…

It is too early for the European Central Bank to decide on expanding or extending its asset-purchase program, a member of the ECB’s executive board said on Monday, even after inflation in the…

In 2008 central banks, led by the Federal Reserve, rode to the rescue of the global financial system. Seven years on and trillions of dollars later they no longer have the answers and may even…

Switzerland’s central bank sees a low risk of a negative price and wage spiral and is hopeful that a recent “slight” depreciation in the currency will continue, the head of the Swiss National Bank…

Calls for central banks in advanced economies to raise interest rates to discourage investors building up leverage in emerging market assets could be misguided, a deputy governor of the Bank of…

Kuwait’s sovereign wealth fund, one of the world’s largest, is considering selling assets to cover a state budget deficit caused by low oil prices, the country’s al-Anba newspaper reported on…

Joseph Stiglitz, the Nobel-prize-winning economist, said the Federal Reserve should hold interest rates unchanged through 2015 to support the US economy. A slower pace of rate increases seems to…