World Economy

Argentina’s tax investigation agency has charged the British bank HSBC with helping thousands of Argentines to commit tax evasion. The charges were said to be related to bank accounts in…

Japan’s two-year note yields dropped below zero for the first time after a report showed gains in consumer prices slowed for a third straight month even as the central bank pushed forward with…

Bank of Cyprus, the island’s largest lender, announced on Thursday it had made a five million euro loss in the third quarter as it restructured after a massive debt bailout. The bank also said it…

Spanish consumer prices fell for the fifth straight month in November, official figures showed on Thursday, amid concern that the eurozone is at risk of sliding into deflation.

Unemployment in France hit a new record in October, with official statistics published Thursday showing 3.46 million people claiming jobless benefits.

The figures showed a rise of 28,400…

Ending months of deadlock, the World Trade Organization agreed Thursday to implement the first global trade reform agreement in its 19-year-history.

The deal means the 160-member global…

Noting that steps were being taken to improve the overall business environment, Commerce Minister Nirmala Sitharaman on Friday said there is ‘generally good buzz’ around the ecosystem after the…

European Central Bank chief Mario Draghi on Thursday called for an “adjustment of wages” in the eurozone to strengthen the viability of the single currency, AFP reported. “This means that every…

The West does not pursue the goal of weakening the Russian economy through sanctions, German Foreign Minister Frank-Walter Steinmeier said at a conference organized by the newspaper Suddeutsche…

Egypt’s economy is on a recovery path after four years of slow activity, this is according to the International Monetary Fund (IMF).

European shares rose on Wednesday, bolstered by hopes for more stimulus from the European Central Bank and upbeat US economic data that calmed anxiety over a deteriorating global outlook.

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Lawmakers from Russia’s parliamentary upper house ratified on Wednesday an agreement with Kyrgyzstan on development of economic cooperation as part of Eurasian economic Union (EEU) integration.…

Alibaba founder Jack Ma, China’s wealthiest man, said Wednesday he plans to invest more funds in India and believes the Internet can transform the country’s future.

New EU Commission chief Jean-Claude Juncker unveiled on Wednesday (Nov 26) an eagerly awaited 315-billion-euro ($393b) investment plan to “kickstart” the economy, saying it would show the world…

The head of the Asian Development Bank said Wednesday he is ready to work with China on a new infrastructure investment bank proposed by Beijing, despite fears it could undermine his institution…

Reserve Bank of India Governor Raghuram Rajan said banks should have more power to recoup money from defaulters to rebalance a system that’s skewed in favor of large companies, Bloomberg…

Bulgaria’s parliament approved on Wednesday a revised budget doubling the public deficit and raising the debt ceiling for 2014, to buttress the country against fiscal troubles after a bank failure…

Apple has now been valued at over $700b and heading for the one trillion dollar valuation mark, market analysts said Wednesday. Its market cap has more than doubled in the three years that CEO Tim…

Latest data released by HSBC show that foreign institutional investors are coming back to emerging East Asia, net buying $5.3b equities after two consecutive months of sell-offs, Asia First…

Industry titans, pioneers and global leaders in the international Islamic banking and finance industry are set to take part a conference to be held in Bahrain from December 1.

Germany’s Bundesbank has underlined the financial risks to investors in certain asset markets at a time when the European Central Bank (ECB) is expected to step up its aggressive monetary…

President Xi Jinping’s grand plan to make China the center of the world again by reviving the ancient Silk Road trading route faces obstacles at its first stop.

Total household debt in the United States increased $78 billion in the July-September quarter to $11.7 trillion, the Federal Reserve Bank of New York says. The increase was led by rising…

Samsung Group announced on Wednesday the sale of stakes in four petrochemical and defense affiliates for $1.7 billion as the South Korean giant steps up restructuring efforts ahead of a…

The Organization for Economic Cooperation and Development (OECD) has cut its forecast for UK growth as it sounded a warning about the dangers facing the world economy, BBC reported. Gross domestic…