Switzerland’s notorious Swiss franc crisis, which rocked markets one year ago and sent the currency spiking, could return to haunt traders, some analysts warn.
The nation’s central bank…
World Economy
After the debt crisis of the 1980s, seeking aid from the International Monetary Fund had about as much appeal to Latin American nations as a root canal, NewsNow reported. The plunge in commodity…
The Austrian economy has grown 0.3% in the fourth quarter of 2015, taking total GDP growth for the year to 0.9%, the Austrian Institute of Economic Research announced in a flash calculation on…
For the first time in almost a decade, China has lost ground in catching up with the US economy, when output is measured in dollars. US gross domestic product increased $590 billion in 2015 from a…
France’s economy remains lackluster. Growth for the final three months of last year was 0.2% slightly down from the previous quarter’s 0.3%.
Official statistics released Saturday…
As the countries of Central Asia and the Caucasus celebrate the 25th anniversary of their independence, structural reform has become critical.
The only question now is whether Venezuela’s government or economy will completely collapse first.
Puerto Rico presented a plan to creditors that asks them to take a deep discount on their debt–an aggregate around 45%, two sources familiar with the situation said, Reuters reported. The plan…
In a bold move the Bank of Japan has unexpectedly cut a benchmark interest rate below zero to try to stimulate the economy. That means commercial banks will have to pay to keep their…
Argentina announced an end to subsidies on electricity bills, and officials said the move will save the government $4 billion this year.
Authorities declined to estimate how much consumers…
Consumer spending grew last year by the most since 2005, in spite of a slight slackening in the fourth quarter. Nonresidential business investment, meanwhile, rose at its slowest pace since 2010…
Eighty Swiss banks have agreed to pay the US fines totaling $1.36 billion in order to avoid court prosecution, according to the US Justice Department, RT reported. After the investigation has been…
Standard and Poor’s cut the rating of oil-dependent Azerbaijan into speculative or “junk” territory as plunging crude prices and a weak currency are expected to push it…
Switzerland's chief prosecutor said, a criminal investigation into state fund 1Malaysia Development Berhad had revealed that about $4 billion appeared to have been misappropriated from Malaysian…
Italian banks are in trouble, burdened by an estimated 200 billion euros’ worth of non-performing loans. Now bank balance sheets are to be cleaned up. But will that be enough to restart Italy’s…
The International Monetary Fund has urged Bahrain to take ‘sizable’ steps to reduce its growing budget deficit as slumping oil prices have sharply reduced exports and government revenues.
US economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports.
Last year wasn’t great for Switzerland’s luxury watchmakers, and 2016 isn’t looking any better.
Kazakhstan has no plans to seek International Monetary Fund financing despite a drop in government revenues caused by the oil price crash, the economy minister, Yerbolat Dosayev, said on Friday,…
Domestic consumption in Germany has reached levels not seen in over two decades. Undeterred by terrorism fears or unease over the refugee influx, shoppers are driving Europe’s largest economy more…
A Singapore court has fined a shipping company nearly $127,000 for wiring money used to transport fighter jets and surface-to-air missile systems from Cuba to North Korea in 2013 in violation of…
Russia kept its interest rate steady on Friday but announced it wouldn’t rule out tightening monetary policy if inflation risks rise, after a month in which the ruble dropped to record lows as oil…
The Bank of Japan unexpectedly cut a benchmark interest rate below zero on Friday, stunning investors with another bold move to stimulate the economy as volatile markets and slowing global growth…
Chinese shares closed sharply higher on Friday, recovering some of the week’s losses, but still recorded their biggest monthly fall in about seven years, which has knocked 12 trillion yuan ($1.8…
After an encouraging third quarter, Mexico’s economy lost steam again as the weak peso failed to give a much hoped for boost to the country’s manufacturing sector and as the energy sector remains…
