American business leaders are already showing reactions to the controversial response of President Donald Trump to the violent events at a white supremacist rally in Charlottesville, Virginia.
The Russia-backed Eurasian Economic Union (EAEU) says it expects to sign a temporary agreement with Iran before October over the establishment of a free trade zone with the Islamic Republic.
Nervous traders have scrambled take refuge in traditional safe havens such as gold, silver, bonds, Japanese yen and Swiss franc.
The International Energy Agency (IEA) has cut its estimates for the amount of crude needed from the Organization of the Petroleum Exporting Countries (OPEC) this year and in 2018.
Russia says it plans to speed up work on reducing its dependence on US payment systems and the dollar.
China’s foreign exchange reserves increased to a nine-month high in July in what appears to have been much higher than what the analysts had expected.
Foreign Minister Fumio Kishida said Tuesday said Japan had lodged a protest with China over its apparent deployment of drilling rigs near the median line.
Saudi Arabia’s unemployment rate has increased by over one percentage point on a yearly basis, official data show, amid a costly war on Yemen and low oil prices.
Japan says it plans to raise tariffs on imports of frozen beef from the United States and other countries from next month.
The International Monetary Fund is going to initiate a “new instrument” to provide states with support but no money.
The IMF's bylaws, she said, call for the institution's head office to be located in the largest member economy.
The profits of the second quarter of the year for Google parent company Alphabet drop in the wake of an anti-trust fine by the European Union.
On Thursday, Russian President Vladimir Putin signed off on a new state policy strategy that views the US as aspiring to dominate the world’s oceans in a threat to Russia.
The International Monetary Fund (IMF) has approved a $1.8 billion loan to Greece but says Athens can receive the loan only if it gets debt relief from its European creditors.
Riyadh is hard pressed for oil revenues as its protracted war in Yemen is taking a heavy toll on the kingdom’s budget.
Afghanistan says it plans to construct 20 more dams in face of warnings that the move could undermine life in some of its neighboring countries, specifically Iran.
Doha plans to airlift thousands of dairy cows from abroad as a means of resisting the Saudi-led blockade imposed on the country.
Moscow said on Friday it was ready to revise a deal between OPEC and non-OPEC producers to shore up prices through trimming output.
Poland's President Andrzej Duda has unveiled a plan that would make it the European hub for imports of natural gas from the US.
Asian markets mostly rose on Tuesday with energy firms rallying with their US counterparts after the recovery in oil prices extended in New York.
Qatar’s stock market declines severely as nears its end the Persian Gulf nation’s deadline to give in to demands by a group of Saudi-led countries.
Barclays, Lloyds and Royal Bank of Scotland say they have halted trading Qatari riyals following similar moves by the Post Office, a major high street currency exchange in the UK.
The International Monetary Fund (IMF) has reduced its growth forecasts for the US economy and also says the dollar is overvalued by 20 percent.
A new research note from Bank of America Merrill Lynch shows that Bahrain and Oman are the most vulnerable among exporters to low oil prices.
Indications are growing that a Saudi-led blockade against Qatar is already showing its impacts on the country’s tourism industry.
Billionaire businessman Andrej Babis who is seen as the next likely prime minister of the Czech Republic says his country will do better without euro.
The Italian government says it has released €5.2 billion in emergency funding to rescue two failing banks - Banca Popolare di Vicenza and Veneto Banca.
Russian gas operator Novatek says it has ambitious plans to topple Qatar as the world’s biggest exporter of liquefied natural gas (LNG).
German and European firms are heavily involved in Nord Stream 2 which is about to take Russian gas across the Baltic to Europe through a pipeline.
Bahrain says it expects to receive first deliveries of liquefied natural gas (LNG) from Russia in early 2019.
The International Energy Agency (IEA) has warned that the increasing diplomatic tension between Qatar and its Arab neighbors is already leading to operational problems in the region.
Riyadh has doubled the price for cigarettes in Saudi Arabia as part of tax measures aimed at helping the cash-strapped kingdom.
A Russian company has imported the first lot of tomatoes from Syria as Moscow keeps its restrictions on importing some food items from Turkey.
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend until March 2018 an oil output cut deal that was sealed last year to help shore up prices.
Russia and Saudi Arabia say they have agreed to extend a landmark agreement to cut their oil output until March 2018.
China’s President Xi Jinping has pledged $124 billion for his ambitious new Silk Road plan, saying everyone was welcome to join.
China has sent its first homegrown passenger plane - the C919 – into the skies.
Analysts say China may invest as much as $500 billion in a landmark initiative designed to revive the ancient Silk Road.
A judge on Friday ordered Volkswagen to pay a $2.8 billion criminal penalty in the United States for cheating on diesel emissions tests.
Saudi Arabia’s Energy Minister Khalid al-Falih says an agreement between world’s biggest oil producers to cut their production may have to be extended to ensure maximum results.
The Organization of the Petroleum Exporting Countries (OPEC) expects price recovery for oil market after output cuts.
Saudi Arabia's Energy Minister Khalid al-Falih has kicked off a massive multi-billion-dollar plan which is expected to increase the kingdom’s production of electricity from renewable sources by 10 percent within the next few years.
Saudi Arabia has reportedly canceled or restructured economic and infrastructure projects worth billions of dollars.
The World Trade Organization says it expects global trade would recover slightly in 2017 despite political and economic uncertainties.
Member states of the Organization of the Petroleum Exporting Countries (OPEC) cut their oil output in March more than the arranged figures.
Germany’s largest crude oil and natural gas producer has called for removing EU sanctions imposed on Russia over the eastern Ukraine crisis.
Oil prices hit a one-month high after the United States fired missiles at a Syrian airbase.
Qatar Petroleum CEO and President Saad Sherida al-Kaabi says Doha plans to increase production from a massive underwater gas field it shares with Iran in the Persian Gulf.
Concerns are rising over the health of Brazilian animal products exported to global consumption markets as a result of a tainted meat scandal involving certain key producers.
The Asian Infrastructure Investment Bank (AIIB) says it has approved 13 new applications to join it bringing the total membership of the bank which was initiated by China to 70.
Russia says it has devised an alternative to SWIFT global interbank money transfer service.
Riyadh struggles with a slumping oil market and a desperate need to diversify its economy, prompting King Salman to embark on a lavish tour of Asia.
Volkswagen has adopted a new strategy to increase its shares in the Indian market.
Russia says it has fulfilled its commitment under a deal reached with OPEC in December.
Fitch Ratings predicts global oil prices are to collapse in the current year.
France’s PSA Peugeot Citroen is on its way to becoming Europe’s second largest automaker after Germany’s Volkswagen with the purchase of Opel-Vauxhall.
New official figures confirm US sluggish growth in 2016.
Unknown sources say Saudi Arabia expects crude prices to rise to $60 per barrel.
In a letter, US companies urge Congressmen to push tax code rewrite
Uncertainty over Brexit and US president economic policies have arisen concerns of HSBC.
More weapons were sold across the globe between 2012 and 2016 than any other five-year period since 1990, according to Sipri.
China has decided to stop imports of coal of North Korea.
German chancellor says euro is suffering from a problem due to European Central Bank policies.
According to new data, the US has recorded its largest monthly gain in January in more than four years.
Elstat says Greece economy shrank in the fourth quarter of last year.
A recent survey shows that German investor confidence fell sharply in February, what analysts say reflects fears for Europe's largest economy at a time of global political uncertainty.
A leading credit ratings agency has warned that Donald Trump’s presidency threatens the global economy.
Greece prime minister urges IMF to revise its forecast and find a solution for the country's debt crisis.
The sale of the world’s biggest oil company is the latest of several moves by the Saudi government to generate revenues in the face of a gaping budget deficit.
Experts warn about the growing risk of a trade war between world's two largest economies.
A new report says the US trade deficit in 2016 reached the highest level since 2012.
PwC says the US will no longer be the worlds' largest economy by 2050.
Figures show that Germany’s industrial production dropped by 3.0 percent in the last month of 2016.
China has become the world’s biggest producer of solar energy by installing projects that are already generating 77.42 gigawatts of electricity.
The government of Turkish President Recep Tayyip Erdogan says it has started a plan to move billions of dollars in state assets to a sovereign wealth fund to finance a series of ambitious infrastructure projects.
A new report says UK is heading for a sharp increase in inflation.
According to BMI Research, the opening of Iran’s market might provide some relief to the less-supportive economic environment in GCC countries.
Australia is seeking to save TPP after the US decided to exit the deal.
Turkish central bank's move to raise interest rate has filed to boost ailing lira.
Salim Al-Aufi, an undersecretary at Oman’s Ministry of Oil and Gas says the Sultanate expects oil prices to reach $60-$70 a barrel by the end of the year.
The state-run Kuwait News Agency says the leak happened at the al-Maqwa field but offered no details about how many barrels of oil had been spilled.
Oil producing countries say a deal with OPEC to cut oil output starts strong.
Russia is not a member of OPEC but has agreed to reduce its output by a maximum of 300,000 barrels per day.
OPEC's new monthly report showed the total output fell by 221,000 barrels per day (bpd) to 33.1 million bpd from November.
A new UN report says sluggish world growth threatens to disrupt UN's plan to end poverty.
General Motors joins other companies including Ford to announce plans to create jobs in the US.
President Xi tells the World Economic Forum that blaming the world's problems on economic globalization is counterproductive.
According to the US Justice Department, the car parts maker has already pleaded guilty to a single criminal charge.
Turkey’s President Recep Tayyip Erdogan says the recent plunge in the value of the lira is a result of a conspiracy to weaken the country.
Saudi Arabia’s Energy Minister Khalid al-Falih says the kingdom has reduced its oil production to less than 10 million barrels a day – the lowest level in two years.
Gold has hit highest level since December 5 amid concerns over weaker dollar and Brexit.