Indonesia’s central bank unexpectedly cut its main interest rate for the first time in three years, joining global counterparts in easing monetary policy to support Southeast Asia’s biggest…
World Economy
The Australian economy is failing to make up for the decline in the country’s mining investments. A research note from JP Morgan said Australia is “sliding down the precipice” due to slow reform…
Following the €1b ($1.2b) restructuring of debt and multi-million euro net loss for 2014 of Euro Disney, fund manager Invesco has sold its 6 percent stake in the company ahead of a €420m…
Talks between Greece and eurozone finance ministers over the country's debt have broken down. Athens rejected a proposal to request a six-month extension of its international bailout as ''…
Millions of tourists in Paris will be able to shop all-week long if French MPs pass a controversial set of reforms on Tuesday seen as vital to unblock its stuttering economy.
American companies tired of seeing their earnings badly hurt by Venezuela’s crumbling bolivar currency system, can – with the stroke of a pen – get rid of much of the problem.
But it means…
The economy has been humming lately, with output and job growth accelerating, but future gains may be limited by a creaky engine: slow productivity growth, Yahoo reported. Sluggish productivity…
Egypt will present investment opportunities in 10 sectors, notably in energy, at the country’s economic summit to be held in mid-March, international cooperation minister, Naglaa Al-Ahwany,…
Looming debt repayments by Russian companies are now central to discussions of Russia’s ability to weather the financial shocks caused by low oil prices and western sanctions, but the picture…
The Group of 20’s growth commitment has been called into question, with advanced economies reportedly losing their enthusiasm for reform. Can the world economy get its groove back?
Turkey is a large emerging market with good growth prospects relative to most of the BRICS (Brazil, Russia, India, China, South Africa), said the senior director of global rating agency Fitch…
The International Monetary Fund has given its first comprehensive assessment of Egypt in five years. It’s a long-awaited health check for Egypt’s economy after a period of deep turmoil.
European stocks reversed early losses on Tuesday and yields on lower-rated eurozone bonds fell as investors reassessed the collapse of Greek debt talks and focused on the prospects of a…
The Azeri central bank said on Monday it had abandoned its currency peg to the US dollar and would instead use a dollar-euro basket to manage the exchange rate of the country’s manat currency,…
Thailand recorded its slowest economic growth in three years in 2014. Gross domestic product rose 0.7% last year, the National Economic and Social Development Board said in Bangkok on Monday,…
Norway’s millennial generation spent the last decade hearing about six-figure incomes for jobs in the oil industry that offered some of the shortest work-weeks in the world. Now the slump in crude…
After a series of crises with severe economic and social consequences in the 1990s and early 2000s, emerging and developing economies have become even more closely integrated into what is widely…
Dutch bank SNS Reaal on Monday announced it was selling its insurance arm to Chinese insurer Anbang for 150 million euros, as it restructured after being nationalized two years ago.
Private wealth in the (P)GCC has doubled from $1.1 trillion in 2010 to $2.2 trillion in 2014 at an overall compound annual growth rate (CAGR) of 17.5 percent, according to a study.
European stocks fluctuated Monday as investors were skeptical that Greece and its European creditors would find a quick deal to solve the country’s debt problems. Asian stocks, however, closed…
The Directorate General of Budget, Accounting and Statistics (DGBAS) on Monday raised its economic growth forecast for Taiwan in 2015 to 3.78%, CAN reported. The latest forecast is 0.28…
“Long-term youth unemployment is a national disgrace that can leave a life-time scar.” The words of one of the UK’s most influential businessman, director general of the Confederation of British…
The government is collecting £33.4 billion ($51.4b) less in income tax and national insurance than official forecasts suggested because of the lack of earnings growth in the UK, according to…
Apartments in the world’s tallest residential building currently under construction in the Indian city of Mumbai have been put on sale in London as the developers target wealthy Mayfair residents…
Japan's economy rebounded from recession in the final quarter of last year but growth was weaker than expected as household and corporate spending disappointed, underlining the challenge premier…
