World Economy

The Federation of Malaysian Manufacturers has expressed relief over the government’s move to enhance the working capital guarantee, where an additional allocation of RM2 billion ($454.3 million)…

Wall Street is bracing for a grim earnings season, with little improvement expected anytime soon.

Analysts have been cutting projections for the third quarter, which ends on Wednesday, and…

Hong Kong’s economy experienced strong headwinds in the past two quarters. Leading indicators such as PMI worsened to 44.4, its lowest reading since early 2009, Yahoo reported. Retail sales growth…

Puerto Rico’s pledge to take the constitutional priority of its general-obligation bonds in consideration is seen as a message that the commonwealth is willing to work with investors as debt…

Vietnam’s export value till September of this year increased by nearly 10% to $120.7 billion while imports surged 16% to $124.6 billion, VNS reported. This has pushed the trade deficit to $3.9…

The treasuries market got the all-clear from the Federal Reserve to focus its attention closer to home.

Moody’s has maintained its deep junk “Caa3” credit rating for Greek government debt, but has upgraded its outlook following recent political breakthroughs.

“Moody’s Investors Service…

The Obama administration took a step toward backing China’s bid to have the yuan recognized as a global reserve currency, as the US softened its insistence that the Chinese implement…

Concerns over the global economic recovery, the Chinese economy, slipping commodity prices and a debt-defying con job by an international auto major depressed Indian equity markets by over 1% in…

CTC Media in Russia sells 75% stake for $200 million to UHT holding company of Alisher Usmanov and Ivan Tavrin, Tass quoted CTC Media as saying. “CTC Media board of directors is going to recommend…

A new research has signaled a shift away from globalization to a multi-polar world. The Credit Suisse Research Institute’s ‘The End of Globalization or a More Multipolar World’ report, presents…

A GfK Consumer Climate study for Germany for September 2015 has found that consumer optimism has fallen in September, much in line with a recent trend, NewsNow reported. Following a value of…

Global regulators reached a draft agreement on a rule on stopping banks being “too big to fail”, by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a…

Banks and financial institutions issued a series of reports this week, predicting deteriorating prospects for the Australian economy. These warnings underscore the demands being placed by the…

The credit rating agency Standard & Poor’s has lowered its ratings for Ukraine’s short-term debts in foreign currencies to “selective default.” The agency cited Ukraine’s launch of “distressed…

Singapore’s growth rates are slowing, with a range of forecasters marking down their growth estimates. The ministry of trade and industry recently narrowed its forecast 2015 growth rate to 2 to 2.…

At least £80 billion ($121 billion) in economic growth could be unlocked if the British government shifts widespread powers and funding to local areas, council leaders have said.

Lending to eurozone households and corporations picked up slightly in August but a broader measure of money circulating in the eurozone dropped, European Central Bank data showed on Friday,…

French consumer confidence jumped to its highest level since October 2007 in September, above all analysts’ expectations and suggesting the traditional driver of growth in the eurozone’s second-…

Chinese President Xi Jinping on Wednesday reassured US business leaders on the economic progress in his country and called for boosting Sino-American win-win cooperation in trade.

Japan’s Prime Minister Shinzo Abe, fresh from a bruising battle over unpopular military legislation, has unveiled an updated plan for reviving the world’s third-largest economy, setting a GDP…

Teesside, a gritty steel making district in England’s north east, is almost as far removed as you can get from the steamy streets of Bangkok. The two collided this week to inflict the biggest…

Qatar will introduce an electronic contract system for migrant workers early next year, a top official was quoted as saying.

Asian shares slumped on Friday, while the dollar firmed after Federal Reserve chair Janet Yellen suggested the central bank is still on track to raise interest rates later this year.

MSCI’s…

Thailand’s central bank decided to again revise downward its economic growth projection for 2015 as the sluggish recovery continues, Nasdaq reported. The Bank of Thailand said Friday that it cut…