World Economy

China’s manufacturing continued to contract in September, with the Purchasing Managers’ Index falling to a new six-and-a-half year low of 47.2—a below 50 level signals economic contraction. Last…

Saudi Arabia's mountain of oil money is shrinking. After years of raking in cash from lofty prices, oil-producing countries are getting squeezed by the crash in crude oil prices. Even the so-…

The Bank of Russia has room to cut interest rates further as the country’s double-digit inflation rate is likely to slow soon, a top Russian government official said on Friday.

Speaking to…

New Zealand’s central bank has cut interest rates three times this year and economists say there is more easing to come as the nation grapples with tepid inflation and weak dairy prices, Dow Jones…

Most economists polled expect South Korea’s central bank to ease policy in the final quarter of the year, Dow Jones reported. A Wall Street Journal survey shows 13 of 20 economists forecast the…

Many economists expect Brazil’s central bank to hold its benchmark interest rate, the Selic, steady at 14.25% through the end of the year, but some warn another increase can’t be ruled out as…

The second leg of Crossrail will cost £32 billion ($48.6 billion) and could generate up to £102 billion ($155.1 billion) worth of benefits to the UK economy, according to research commissioned by…

The US dollar’s strength against Asian currencies is leading to a surge in remittances from migrant workers in the Persian Gulf Arab region, exchange houses say, giving a boost to their home…

Governments and public sector leaders need to start viewing digital security as an economic threat rather than a technical issue, the Organization for Economic Cooperation and Development has…

While some emerging markets are facing sharp declines in growth and investment, Turkey is holding out, experts said, remaining both a growing economy, and a significant presence in global politics…

An increasing number of businesses in Sweden are said to be experimenting with six-hour working days, Money.aol reported. Reports say that Toyota service centers in…

The World Bank on Wednesday downgraded its outlook for Russia's economy, warning that a biting recession is deepening and will persist into next year.

The World Bank predicted the Russian…

Small- and medium-sized enterprises are among the hardest-hit by the trade finance gap, a report said, adding that SMEs account for nearly 53% of all rejected trade finance transactions.

The eurozone will need at least another three years of quantitative easing and €2.4 trillion ($2.7 trillion) of firepower to revive its flagging fortunes, Standard & Poor's has warned.

Bank of America Corp. is cutting dozens of jobs across the firm’s trading and banking divisions after Chief Executive Officer Brian Moynihan pledged to trim expenses amid a decline in trading…

Foreign investors can enter the Chinese market via three channels, the People’s Bank of China said on its website www.pbc.gov.cn. These are trading through the central bank; using members of…

The Visa International payment system has notified Russian banks it will stop providing guaranteed service operations on their cards from October 1.

“Visa announced that from October 1 it…

 Slumping imports in China, currency market swings and falling commodities prices have led the World Trade Organization to cut its forecast for global trade in 2015 by half a percentage point…

The European statistics authority Eurostat has revealed that the rate of unemployment in Greece increased to 25.2% in June, from 25% in May. Meanwhile, the rate of unemployment in the EU and…

The French government will cut taxes for a total of €11 billion ($12.3 billion) next year, according to budget plans that aim to loosen up an economy burdened with high unemployment and weak…

The Bank of Spain says strong domestic demand helped the economy grow 0.8% in the third quarter, its ninth consecutive quarterly growth figure, ABC News reported. The figure was down…

The global commodities slump is hitting the emerging economies hard, including South Africa. The rainbow nation is dependent on the sale of raw materials. A quarter of the entire country’s…

Plans to bring early warning systems to some of the world’s poorest countries and thereby curb the risk of disasters have cleared a new milestone, thanks to a French-spurred initiative unveiled at…

The UK economy emerged from the recession more strongly than previously thought, according to revised official figures.

The latest revisions from the Office for National Statistics show…

As Palestinians welcome the raising of the Palestinian flag at the United Nations as a symbol of an emerging state, the economic news from the West Bank and Gaza Strip was troubling. For the third…