World Economy

Alibaba Group Holding Ltd. looked like a sure thing a year ago when it pulled off the largest initial public offering ever. It had a lock on China e-commerce as the economy was surging and…

Japanese carmaker Suzuki has bought back all Volkswagen shares, ending a year of bitter talks on ending a failed partnership that started back in 2009, DW reproted. Investors in the Asian auto…

Leading economist Daron Acemoglu said in an interview with Turkish daily Cumhuriyet that Turkey’s economic problems still come from inside, adding high liquidity in global markets helped Turkey…

Banks are seeing a pick-up in interest for trade finance from Middle East oil companies, especially in Egypt, they said, as cash flows dry up due to lower oil prices.

Oil trade finance…

Spurring frenetic speculation in the days before, the US Federal Reserve left its policy rate unchanged at Thursday's meeting of the Federal Open Market Committee in Washington. Markets still…

The International Monetary Fund called Thursday for China to improve its economic data, especially on its growth rate, the subject of continued skepticism about its reliability.

The debate…

Belarusian and Russian companies should enjoy equal operation terms on the markets of the two countries, said Russian Industry and Trade Minister Denis Manturov during the plenary session of the…

Apple Inc. won a court ruling that may force Samsung Electronics Co. to stop using some features in its older-model Galaxy smartphones and tablets and gives the iPhone maker a leg up in the four-…

General Motors and the US Justice Department have reached a deal to end a government investigation into the firm’s failure to recall defective ignition switches, Reuters reported. The faulty parts…

The woes of South Korea’s household debt have been raised so frequently that people seem to be fed up with this boiling issue. But given China’s possible hard landing and America’s imminent rate…

Treasury Secretary General Mohammad Irwan Serigar Abdullah says Malaysia’s economy is still on the right track and still expanding, dismissing social media speculations that the country would be…

Could a tech revolution mean curtains for working Londoners? A new study claims that 1.3m London workers are at high risk of being replaced by machines–but apparently those in business and finance…

Standard & Poor’s on Wednesday downgraded Japan’s sovereign debt rating one notch, in the latest sign of concern about Japan’s economic prospects nearly three years after Prime Minister Shinzo…

Land degradation, such as a spread of deserts in parts of Africa, costs the world economy trillions of dollars a year and may drive tens of millions of people from their homes, a UN-backed study…

Hewlett-Packard has said it will cut as many as 30,000 jobs as part of a corporate split, DW reported. One branch of the business will focus on software, networking and storage, while the other…

Kiev has forced Ukrainian plane maker Antonov to sever its contract with Russia’s United Aircraft Corporation, RT reported. This decision is likely linked with Kiev’s move to include Antonov as…

Brazilian companies want to increase supplies of agricultural products to the Russian market, says Russian food watchdog Rosselkhoznadzor, RIA Novosti reported. However, quality will be the…

Two of Southeast Asia’s richest businessmen are experiencing the weight of dollar strength after loading their business empires up with cheap US currency debt.

Asian shares followed Wall Street higher on Wednesday, albeit in thin volume, and short-term US bond yields held near 4 1/2-year highs as investors braced for the possibility of the first interest…

Moving production of the YotaPhone 2 from Singapore to a ZTE plant in China will make Yota’s flagship handset at least 30% cheaper, according to the Russian firm. ZTE will also help to develop a…

Sri Lanka’s economy has grown 6.7% in the second quarter of 2015 against the 6.4% growth rate recorded in the first quarter, the statistics department said.

Agriculture sub sector has grown…

The world economy appears to be suffering a slowdown in growth that will stretch through the rest of the year and 2016, according to a report by the Organization for Economic Cooperation and…

Economics ministers of the Shanghai Cooperation Organization have outlined key areas to integrate the Eurasian Economic Union (EEU) with China’s Silk Road Economic Belt initiative,…

Battered mining services companies in Australia face an uphill battle to pay back debt amid signs the sector has hit rock bottom.

Over the next four years, Australian mining services…

While Australia’s revolving door of prime ministers appears unsettling, having self-made millionaire-turned-politician Malcolm Turnbull at the helm could be a positive development for the country’…