The government is looking to persuade more British companies to enter Indonesia’s manufacturing sector, such as the machinery, pharmaceutical and oil refinery industries.
World Economy
Japanese Prime Minister Shinzo Abe looks set to win a rare second consecutive term but economists predict he won’t use that victory to push through bold reforms such as labor market changes that…
French President Francois Hollande pledged a new round of tax cuts next year worth €2 billion ($2.23 billion) as he battles to cut high unemployment and win back voters ahead of a 2017…
The Philippine central bank on Monday released preliminary data on gross international reserves at the end of August: The decline in foreign reserves was due mainly to the central bank’s foreign…
Despite volatile markets and a deceptively tepid recovery, the Federal Reserve looks unequivocally committed to raising interest rate.
Kim Chase, research analyst at BBVA, notes that the US…
Thousands of farmers, driving hundreds of tractors through Brussels, protested outside European Union headquarters to demand more aid and higher prices for their milk and meat.
From across…
Tesco Plc agreed to sell its South Korean business to a group led by private-equity firm MBK Partners Ltd. for £4 billion ($6.1 billion), the UK grocer’s first major disposal as it seeks to ease…
Saudi Arabia will ease restrictions on foreign investors to let them own 100% of retail and wholesale businesses, the government said on Sunday as the world’s top oil exporter embarks on a new…
German industrial production increased in July, signaling that Europe’s largest economy is weathering the headwinds of slowing global growth. Output, adjusted for seasonal swings and…
Following late night talks in Berlin, the coalition government has agreed to a budget of €6 billion ($6.7 billion) to fund the care of migrants coming into Germany. Thousands more refugees reached…
A majority of the UAE residents have a positive outlook on the future of the country’s economy, as well as their own financial future despite many saying that their savings have decreased this…
Asian stocks sagged on Monday, with risk sentiment dampened as Shanghai shares wobbled after the Chinese markets resumed trading following a four-day long weekend.
MSCI’s broadest index of…
Gold held near its lowest level in more than two weeks after the US unemployment rate dropped to a seven-year low, adding to the case for the Federal Reserve to raise interest rates this…
The prospect of a hike in the cost of borrowing will continue to distract investors this week as the focus shifts to the Bank of England following China’s recent stock market collapse and Friday’s…
International Monetary Fund's chief Christine Lagarde said on Sunday that India's gross domestic product can grow by a massive 27% if the level of female workforce becomes equal to that of male in…
With oil prices collapsing more than twofold in the space of one year, Saudi Arabia will be forced to cut “unnecessary expenses” to plug a budget hole estimated at $120 billion. The announcement…
Europe’s biggest stock exchange, which built its market share in an era of speedy, sliced-up equity trading, is targeting blocks for the first time.
At an average of $2.44 a gallon, nationally, Americans are paying the cheapest price for gasoline over a Labor Day holiday weekend since 2004, according to separate forecasts from the US Energy…
The Chinese currency will continue depreciating in the next 12 months, trading at 6.52 to the US dollar by the end of February, according to a poll conducted by Reuters. The yuan could recover to…
Dubai stocks led a decline in most Middle Eastern equities after the US jobless rate dropped to a level the Federal Reserve considers to be full employment, bolstering the case for an interest…
Islamic finance has become increasingly important in the global economy and needs to be better integrated and incorporated in the international financial system, said German Finance Minister…
A compromise deal on reforms to give emerging markets greater influence at the International Monetary Fund is increasingly likely, a key official said, weeks before a deadline for US action…
Speaking on the sidelines of the European House-Ambrosetti Forum on Sunday, Italy’s Finance Minister Pier Carlo Padoan said his country was at the start of a positive economic cycle just as…
The latest US jobs data for the month of August shows unemployment at its lowest level for nearly seven and a half years, but the rate of job creation appears to be slowing,…
Kuwaiti banks will remain insulated from the drop in oil prices as the country looks to continue boosting capital spending, ratings agency Fitch has said.
