Emerging economies to weigh on global growth: World Bank
11:33 | 11/01/2016 Global Economy
Weak growth among major emerging markets will weigh on global expansion in 2016, according to the latest report from the World Bank, with advanced economies solely responsible for a modest increase in global activity.
Philippines expects 7 percent growth in first half of 2016
13:18 | 09/01/2016 Global Economy
The Government of the Philippines has set a 7-percent target in economic growth for the first half of 2016.
Oil price drops to lowest rate in 11 years
09:39 | 08/01/2016 Global Economy
The London market was sharply lower after oil plummeted to its lowest price in 11 years amid mounting tensions in the Middle East.
Virginia governor concludes visit to Cuba, eyes trade ties
11:03 | 07/01/2016 Global Economy
Virginia Governor Terry McAuliffe on Tuesday concluded a three-day visit to Cuba with an agreement to boost trade ties between his state and the island nation.
Asia stocks fall on China yuan, economy worries
15:19 | 06/01/2016 Global Economy
Asian stocks fell on Wednesday as Beijing continued guiding the yuan lower and a survey pointed to weakness in China's services sector, while the Japanese yen drew support from risk aversion.
Oil, gold prices surge due to Saudi Arabia - Iran tension
09:28 | 05/01/2016 Global Economy
Oil prices rose in Asia on Monday after crude producer Saudi Arabia cut diplomatic ties with Iran following a row over the Saudi execution of a Shiite preacher.
Brunei to take crucial reforms to diversify economy: Sultan
15:34 | 04/01/2016 Global Economy
Brunei's Sultan Haji Hassanal Bolkiah has said several important reforms will be taken to fulfil the country's aspiration to diversify its oil and gas-reliant economy, the state Radio Television Brunei reported on January 1st.
Russia extends restrictions on Turkey
14:20 | 03/01/2016 Global Economy
Russian President Vladimir Putin signed a new decree on December 28 that extends the scope of sanctions against companies operated by Turkish nationals in Russia.
Thailand ready for AEC integration
15:38 | 01/01/2016 Global Economy
Thailand, one of the ten countries with the strongest competitiveness in Southeast Asia, is ready for both opportunities and challenges from the ASEAN Economic Community (AEC), a Thai official has said.
ASEAN Community comes into being
11:27 | 31/12/2015 Global Economy
Malaysian Foreign Minister Anifah Aman announced the official formation of the ASEAN Community on December 31.
