Asian shares tumbled to a 1 1/2-year low on Wednesday and the safe-haven yen rallied as Chinese stocks struggled to pull out of a tailspin, shaking investors already rattled by Greece’s debt…
World Economy
The US trade deficit widened slightly in May, reflecting declines in sales of American-made aircraft and machinery as exports continued to suffer from a strong dollar.
The deficit increased…
Two European tax havens receive more than a quarter of all global foreign direct investment, ActionAid said on Tuesday, calling for an international deal to tackle tax avoidance and reduce poverty…
A BRICS group with deepened cooperation will not only serve its five member countries and other developing nations,…
The South Africa economy is facing a serious crisis of confidence, with survey after survey indicating the country is heading for the doldrums unless a miracle happens.
Academia Sinica, Taiwan’s highest research institute, Wednesday revised this year’s annual GDP growth rate down to 3.24% from the previous forecast of 3.38% issued at the end of 2014, Focus Taiwan…
US services sector expansion eased for a third straight month in June, pressured by a slowdown in employment and output growth, an industry report showed on Monday.
Financial firm Markit…
Want to be a successful entrepreneur in these hard times? Jack Ma, e-commerce giant Alibaba’s billionaire founder, has some useful tips for you. He jotted them after being inspired by some people…
A large majority of business executives believe a drastic property market correction in Dubai is unlikely, according to a marketplace intelligence survey by London Business School.
Greece lurched into uncharted territory and an uncertain future in Europe’s common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity…
The government uses effective approach and adopts efficient and integrated structure to develop Malaysia as an international Islamic financial center, said deputy finance minister, Datuk Chua Tee…
BRICS member states (Brazil, Russia, India, China, South Africa) are to remain the key driving force of the global economy, China’s Deputy Foreign Minister Chen Goping said, according to a Tass…
European stock markets retreated on Monday but losses were less sharp than feared after Greece rejected creditors’ austerity demands in a weekend referendum.
The relatively muted reaction…
Russia’s consumer price inflation slowed further in June as food prices fell at the beginning of summer, data from the federal statistics service showed Monday, Dow Jones reported. Compared with a…
Canada’s official international reserves fell $874 million in June, the federal Finance Department reported, Dow Jones reported. At June 30, the reserves of foreign currencies, gold and other…
Qalaa Holdings (formerly known as Citadel Capital), one of Egypt’s largest investment companies, said it has entered into a preliminary agreement with key investors of Misr Glass Manufacturing…
Japan’s public debt burden is likely to remain high under a new fiscal framework approved last month as the government’s structural reforms will not boost economic growth and tax revenue…
China will gradually increase government spending over the course of this year as planned to support its slowing economy, Chinese media quoted a vice finance minister as saying on Monday.
New orders for US factory goods fell more than expected in May on weak demand for transportation and electrical equipment, a sign that manufacturing remained mired in a soft patch.
The…
Portugal cannot be associated with Greece’s mounting troubles after sacrifices and efforts made to overcome the country’s debt crisis and improve its financial and economic situation, Deputy Prime…
Greeks voted on Sunday in a referendum that could determine their future in Europe's common currency, with banks shuttered, the treasury empty and a population desperate, angry and so deeply split…
The worst monthly slump in Chinese stocks in two years wiped away more than $34 billion in combined net worth of the richest people in China and Hong Kong in June. Of those 45 wealthy people on…
Gold futures slipped for a third straight session to end at a more than three-month low, on continued hopes for a deal in the Greek financial crisis, Investing.com reported.
Growth in Saudi Arabia’s non-oil private sector slowed in June, a survey of businesses showed on Sunday, reaching its lowest level since the survey was launched in August 2009, Reuters reported.…
Toshiba Corp. is likely to mark down its past operating profit by at least ¥100 billion ($814 million)–almost double its earlier estimated restatement—as a result of accounting irregularities, a…
