Turkey's currency lira rallied on Monday after suffering one of its steepest ever drops to a historic low in the aftermath of a military coup attempt to topple President Recep Tayyip Erdogan's government.

The Bank of England is mulling whether to cut interest rates for the first time in over seven years to curb economic fallout from Britain's vote to exit the EU.

EU Commission head Jean-Claude Juncker said Wednesday that the bloc would use all possible means to protect itself from a flood of Chinese steel imports blamed for turmoil in global markets.

China's growth slipped to a new seven-year low of 6.6 percent in the second quarter, according to an AFP survey, despite government efforts to spur activity in the world's second-largest economy.

Malaysia on Wednesday cut interest rates for the first time in seven years in a shock move as the economy struggles with weak exports and an uncertain global outlook.

Ireland's economy grew by a barely believable 26.3 percent last year, according to official data published on Tuesday which was largely skewed by companies relocating to Ireland for tax purposes.

Germany issued a 10-year bond at a negative interest for the first time on Wednesday, selling more than 4.0 billion euros ($4.5 billion) with a yield of minus 0.05 percent, the German central bank or Bundesbank said.

CITIGROUP Inc looks to sharpen its focus on winning a bigger share of business from "emerging market champions" in Asia, including rapidly growing Internet firms, as part of its plans to boost corporate banking revenue.

CHINA'S imports and exports both fell at a faster rate in June, official data showed Wednesday, in the latest poor indicator for the world's second-largest economy.

Their heads bowed, young Saudi men concentrate on exam papers in a workshop filled with industrial machines that will help them earn a living.

US import prices rose less than expected in June as rising costs for petroleum products were offset by declining consumer and capital goods prices, suggesting inflation could remain benign for a while.

Germany's 'Energiewende' or energy transition is its biggest infrastructure project of the post-World War II era, and its greatest national challenge since reunification in 1990.

Venezuela's howling economic woes have worsened as Citibank closed the government's overseas payments account and multinational firms are packing up and leaving.

Higher-than-forecast demand should bolster oil prices throughout 2016, despite high stocks continuing to exert downward pressure on prices, the IEA said Wednesday.

The current global policy environment is standing in the way of effective implementation of Sustainable Development Goals (SDGs) at country levels, said Debapriya Bhattacharya, distinguished fellow at the Centre for Policy Dialogue.

European Commission economy chief Pierre Moscovici on Wednesday indicated he wants to see eurozone deficit miscreants Spain and Portugal escape sanctions.

Gold rose on Wednesday, recovering from its lowest in nearly two weeks, as prospects for further economic stimulus helped to bolster investor appetite while the dollar remained flat.

Terrorist groups and drug traffickers are using anonymously owned US shell companies to hide and move their money, a senior Treasury official warned Tuesday, calling on Congress to crack down.

Virgin Atlantic announced Monday that it has made firm orders for twelve wide-bodied Airbus A350-1000 jets, worth $4.4 billion (3.9 billion euros) at list prices, in the first major announcement at Farnborough.

The Frankfurt stock exchange said Monday that it is examining whether to lower a key hurdle for its planned merger with the London Stock Exchange (LSE) to go ahead.