Thursday's announcement by the U.S. Federal Reserve that it would be engaging in a third round of open-ended bond-buying, known as QE3, to energize the economy saw a resoundingly positive reception in the foreign financial markets, where indexes rose Friday. But market-watchers were expecting the global equity party would lead to an inevitable hangover soon, in the form of intervention by central banks around the world, to stop massive inflows of dollars into non-U.S. economies -- in short, a...
Indonesia is the fifth-largest cigarette-producing market in the world. The government generates 6 percent of its revenue from taxes on tobacco.
New York City tops the list for global LGBT travelers in 2013, but the United States as a whole falls behind another country as most popular destination.
Venerable forecaster IDC predicted global spending on information technology this year will rise six percent to about $3.6 trillion, despite sluggishness in sector like PCs. The market also includes telecommunications services.
General Motors Company (NYSE: GM) is hoping its Chinese designed Chevrolet Sail can push its struggling Indian unit out of a sales doldrums.
Caterpillar Inc. (NYSE: CAT) Chief Exectutive Officer Doug Oberhelman has long been an optimist, but these days he's been scaling back on his optimism.
Patrick Ricard, who built Pernod Ricard SA (Paris: RI) into the second-largest alcohol beverage company in the world, died Friday, the company said.
Advisers to the prime minister issued a stern warning to the government on Friday on the need to rein in the country's fiscal and current account deficits to avoid the risk of a credit ratings downgrade to junk status.
Periodic weather pattern is expected to end South America's drought conditions, which might boost farm equipment sales in this key emerging-market region -- and bring some rain to Georgia, too.
Globalization -- basically, free markets and the transfer of jobs to lower-cost labor/production centers -- has lifted more than 1 billion people out of poverty. However, globalization, at least initially, also contains a contradiction that, in time, could undermine not only the uniting of markets, but trade and global GDP growth itself.
Samsung Electronics Co, the world's largest maker of mobile phones, reported a second quarter net income of 5.19 trillion won ($4.4 billion), up from 3.51 trillion won in the same period earlier year, aided by sales of Galaxy smartphones.
Dr. Doom 2013 Prediction: Roubini Says Worse Global Economic Turmoil Approaching; Five Factors To Blame
For the last three years, the consensus has been that a robust and self-sustaining recovery for the U.S. economy is on the cards, but economist Nouriel Roubini, dubbed Dr. Doom, thinks that it's not likely to happen, rather he expects below trend growth for many years to come.
Britain risks permanent damage to its economy if the government does not adopt fiscal stimulus measures to reverse the country's recession, the International Monetary Fund (IMF) warned Thursday as it pressed for a reduction in the country's deficits to jumpstart its ailing economy.
Tata Motors Ltd. (Bombay: 500570) is looking to its UK luxury car unit, Jaguar Land Rover, to drive global sales growth particularly in emerging markets like Brazil by shifting production of the Freelander out of the UK to free up assembly line space for the popular premium model, the Range Rover Evoque.
The International Monetary Fund on Monday cut its global growth forecast in 2013 in response to Europe's sovereign debt crisis.
The Coca-Cola Company (NYSE: KO) is expected to report stronger second-quarter profit as the world's largest soft-drink maker tries to offset higher commodity prices and currency headwinds by expanding aggressively into key international markets.
Patriot Coal Corp.'s (NYSE: PCX) bankruptcy filing this week highlighted the diminished demand for coal in the face of cheap natural gas, but experts don't expect the fossil fuel to go away entirely.
The potential for a silver, but greasy, lining to a cloudy story about quality control and food safety in China.
The increased sale of American products in Europe and China, amidst economic turmoil in both regions, does little to evoke hopes of economic growth in the U.S.
Economic slowdown in the U.S., China and emerging markets, a rise in political tensions in the Middle East and Europe's debt crisis means oil consumption will not be rebounding anytime soon, according to the world's largest oil cartel.
Worldwide IT Spending Will Surpass $3.60T Mark In 2012, But Global Tech Market Growth Stabilizing: Gartner
Worldwide spending on information technology is on track to surpass $3.6 trillion in 2012, a 3 percent increase from 2011 spending of $3.5 trillion, instead of a previously forecast 2.5 percent gain, according to research firm Gartner's revised 2012 IT spending outlook.
From city hospitals to tiny rural clinics, India's public doctors will soon be able to prescribe free generic drugs to all comers, vastly expanding access to medicine in a country where public spending on health was just $4.50 per person last year.
Moody's Investors Service on Monday downgraded the long-term debt and deposit ratings for 28 Spanish banks and two issuer ratings, following on the heels of a cut to Spain's sovereign rating to just above junk status earlier this month.
The weekend brought a sobering warning from the Bank for International Settlements, which suggested that the emerging markets are facing their own version of the boom and bust cycle that brought the developed world to its knees three years ago.
Stock markets in China and Hong Kong gained Monday as sentiment was buoyed after the news that pro-bailout parties in Greece gained sufficient votes to form a government.
India despite its slowing economic growth is poised to emerge as the top sixth wealth market in the world, according to Datamonitor's 2012 global wealth market report.
Not a chance.
Airline stocks were recovering on Tuesday from a battering the previous day after Delta Air Lines (NYSE: DAL) showed a 6 percent increase in per-seat passenger revenue in May compared to last year, one percentage point lower than it had expected.
German industrial orders fell at their fastest rate since November 2011 in April as orders from abroad dried up, adding to signs that Europe's largest economy is heading for a slowdown.
Intel Corp engineers are applying lessons from aircraft design to create sturdier laptops in a bid to reduce the cost of the new ultra-thin computers, the top chipmaker is promoting heavily