World Economy

Singapore businesses have lost more than $1 billion (S$1.31 billion) in the past year from data loss and downtime, according to a global IT study.

Samsung Electronics Co Ltd asked a US appeals court on Thursday to toss out an order that it pay Apple Inc $930m for infringing on iPhone patents to make its Galaxy line of smartphones…

Reports from two credit tracking services, Experian and TransUnion, both show an increase in the number of car buyers who are 60 days or more behind on their car loans in the third quarter.…

The European Central Bank on Thursday cut its growth and inflation forecasts for the eurozone, noting the deteriorating economic outlook and price drops, its president Mario Draghi said. The ECB…

German industrial orders, a key measure of demand for German-made goods both at home and abroad, rose strongly in October, suggesting Germany’s period of economic weakness could be over, data…

Brazil’s inflation accelerated less than economists forecast in November as the central bank continues to raise rates in the biggest emerging market after China, Bloomberg reported. Monthly…

Qatar’s improved “final offer” to buy London’s landmark Canary Wharf office quarter has been rejected, its owner said on Friday, seemingly putting an end to a deal, Channel NewsAsia reported.…

An investigation into Austria’s biggest banking scandal has criticized bankers and governments. Taxpayers, who’ve footed the bill, will find little comfort in the independent report, as Kerry…

Britain expects to miss its deficit target in the current financial year, finance minister George Osborne said Wednesday in a key budget update. AFP said. Net borrowing was set to hit £91.3b ($…

Switzerland’s economy expanded more than forecast in the third quarter, outpacing neighboring Germany thanks to consumption by households and the public sector.

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds…

Hong Kong is in the middle of a recession, according to renowned China expert Andy Xie, as new data shows the economy is starting to feel the pain of ongoing protests.

“Retail sales are…

The Russian government has warned the economy will fall into recession next year as western sanctions and falling oil prices begin to bite.

Russia’s economic development ministry estimates…

The dollar marked a fresh seven-year high against the yen on Wednesday, which helped lift the Nikkei to a similar closing record, while oil prices recovered on news of a drop in US supply.

The euro slid to a 27-month trough against the dollar on Wednesday, a day ahead of a crucial European Central Bank meeting that could pave the way for more easing measures in the eurozone,…

Russia’s State Duma (lower house) Speaker Sergey Naryshkin met with General Secretary of the Vietnamese Communist Party Central Committee Nguyen Phu Trong on Wednesday to discuss the…

China is moving forward with the merger of its two top train makers, state media said Wednesday, with a plan to create a massive group to export high-speed railway technology, AFP reported. State…

 Australia’s budget deficit could expand by billions of dollars more than expected, according to a new report.

Risks from economic shocks to the government’s budget revenues were “…

Greece has rejected its international lenders’ demands for tax rises and income cuts next year, Prime Minister Antonis Samaras said, arguing such measures would be disastrous for the country which…

The Institute of Chartered Accountants in England and Wales (ICAEW) expects the Philippine economy to be the fastest growing in Southeast Asia next year.

The group said the Philippines will…

India on Wednesday announced a move to speed up approval for US investments, just weeks after the two countries settled a global trade dispute and President Barack Obama agreed to visit.

Italian yields fell below 2% on Wednesday for the first time as markets expected the European Central Bank to pave the way for government bond purchases when it meets this week, CNBC reported.…

Most of the bribes in the world are paid by multinational companies, revealed the Foreign Bribery Report released by the Organization for Economic Cooperation and Development (OECD…

In a first, gold price rose above $1,200 for the first time since late October with the Swiss voters rejecting a proposal to boost its reserves, the softening of the dollar and weakening appetite…

After years of disappointment, America’s economy may truly be on track. That’s the belief of one of America’s top economic policymakers, New York Fed President William Dudley.

Despite some…