World Economy

Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a…

As the federal deficit rises, the US Treasury plans to borrow $329 billion between July and the end of September, and another $440 billion in the last three months of the year. If those numbers…

US-based ratings agency Standard & Poor’s has raised its forecast for gross domestic product growth in Taiwan for 2018 to 2.8%, citing the nation’s strong export performance.

China just lost its ranking as the world’s number two stock market. After a Thursday slump, Chinese equities were worth $6.09 trillion, according to data compiled by Bloomberg.

That…

Southeast Asia’s foreign ministers on Thursday reiterated the need to integrate further and stay nimble amid technological disruptions. These were laid out in a wide-ranging joint statement that…

Profits at Britain’s Royal Bank of Scotland almost evaporated in the second quarter after a vast US fine over its role in the notorious subprime crisis, the lender said Friday.

Earnings…

Sri Lanka has missed a June forex reserve target in an International Monetary Fund program, and the island will seek a waiver of the performance criteria, Central Bank Governor Indrajit…

Britain’s manufacturing growth slowed more than expected last month, casting doubt on the strength of the economy as Bank of England policy makers hold their crunch meeting.

House prices have fallen at their fastest rate in more than six years, fuelling concerns that prices in Sydney and Melbourne may fall “too far, too quickly”, hurt economic growth and drive…

The International Monetary Fund has warned eurozone nations they must give Greece more long-term debt relief so the country is able to finance itself. The analysis comes as a huge blow to both…

Debt-watcher Moody’s Investors Service said the Philippine economy is expected to sustain its robust growth pace in the next few years on the back of the government’s infrastructure plan, AP…

Reserve Bank of India Governor Urjit Patel has warned that the world is probably at the cusp of the beginning of a global currency war, Sputnik reported. Patel said this while claiming that the…

Bryce Doty is warning that an unusual bond market trend could catch Wall Street by surprise. The SIT Investment Associates senior portfolio manager sees the yield curve inverting faster than…

Mexico’s economy shrank around 0.1% in seasonally adjusted terms during the second quarter from the previous three-month period, according to a preliminary estimate published by the national…

Ten years ago, deteriorating confidence in the value of US sub-prime mortgages threatened a liquidity crisis. The US Federal Reserve injected considerable capital into the market, but could not…

Brazil’s central bank is likely to hold interest rates at an all-time low on Wednesday even after inflation jumped back within its target range, due to an underwhelming economic recovery keeping…

Manufacturing activity across Asia slowed in July, deepening concerns about the region’s economic outlook as an intensifying trade conflict between the United States and China sent shudders…

Dishing out burgers and fries slathered with melted cheese, “One Way Burger” is like any other trendy food truck in Riyadh. But it offers something rare—the cook behind the sizzling hot grill is…

China’s Huawei Technologies overtook Apple Inc to become the world’s second-biggest smartphone seller in the June quarter, data from market research firms showed, as it gained ground in Europe…

An increase in the number of women and seniors entering the job market and a push by companies to streamline operations through automation are keeping Japan’s wages and inflation from rising…

Kenya’s economy is likely to expand by 6.2% this year, the central bank’s governor said on Tuesday, offering a rosier outlook than the finance ministry which expects growth of 5.8%,Reuters…

Europe’s economy slowed further in the second quarter amid concerns over global trade disputes, official figures showed Tuesday.

US Secretary of State Mike Pompeo warned on Monday that any potential International Monetary Fund bailout for Pakistan’s new government should not provide funds to pay off Chinese lenders.

Sweden’s economy expanded twice more than forecast in the second quarter, driving the krona higher as speculation grew that the central bank will raise interest rates later this year. But the…

Rising unemployment and government debt levels continue to be the main challenges for Saudi Arabia’s Vision 2030 economic plans,  a new report issued by National Bank of Kuwait says.