Chinese overseas direct investment (ODI) rose to nearly $120 billion last year, official data showed Wednesday, as the world's second-largest economy sought to acquire foreign technologies, expand markets and diversify energy supply.

Adding border checks to Europe's passport-free area would cost 3 billion euros ($3.3 billion) a year in lost business, the bloc's chief executive said on Wednesday, seeking to reinforce a message that impulsive measures to curb migrant flows would hurt the econom

The tide of Middle East refugees should boost European economic growth over the short term, but their longer-term impact will depend on efforts to integrate them, the IMF said Wednesday.

CENTRAL banks still have more firepower they can use to counter a slowdown in global growth, which does not change the outlook for recovery in the euro zone, European Economics Commissioner Pierre Moscovici said on Wednesday.

ONE out of four US companies active in China has moved some operations out of the country or is planning to, as conditions worsen in the world's second-largest economy, an American business group said Wednesday.

A string of jihadist attacks and rising risks to the global economy overshadowed Wednesday's opening of the annual meeting of the world's rich and powerful in a snow-blanketed Swiss ski resort.

India's telecom regulator strongly criticises Facebook over its campaign to drum up support for its Free Basics internet plan.

The chief executive of one of the world's biggest firms Royal Dutch Shell warned on Sunday that the oil and gas company would be negatively impacted were Britons to back leaving the European Union in a referendum.

Russian stock markets and the ruble fell further on Monday as the currency edged closer to a historic low on the back of a fresh slump in oil prices.

German automaker Daimler said Monday that its heavy goods vehicles unit, Daimler Trucks, planned a swift return to the Iranian market, after the US and EU lifted sanctions against Tehran over its nuclear programme.

China's embattled top securities regulator, Xiao Gang, has offered to resign, sources said, after perceived mismanagement wiped more than $5 trillion off the capitalisation of the Shanghai and Shenzhen stock markets since they peaked last June.

WITH petroleum investment and the manufacturing sector sagging and the stock market in free fall, many Americans are wondering when they will begin to see the benefits of cheap oil.

CHINA will require foreign financial institutions in the country to hold yuan in reserve, the central bank said Monday as it seeks to stabilise the currency, which has been hit by capital flight.

Opec said Monday that it expects a "rebalancing process" to begin in 2016 as the sharp fall in the oil price causes production from non-cartel competitors such as the US to fall after seven years of "phenomenal" growth.

German companies are trying not to let themselves be spooked by the economic slowdown in China, even if they concede they are currently seeing a drop in demand for their products there.

The stockmarket regulator yesterday allowed Bangladesh National Insurance Company to start its initial public offering subscription on February 17 and continue it to February 25.

Indian steel giant Tata Steel said Monday it will cut 1,050 more jobs in Britain following thousands of cuts in the industry announced last year, blaming China for plunging steel prices.

The richest one percent of the world's population now own more than the rest of us combined, aid group Oxfam says, on the eve of the World Economic Forum (WEF) in Davos.

Chinese President Xi Jinping launched a new international development bank seen as a rival to the US-led World Bank at a lavish ceremony on Saturday, as Beijing seeks to change the unwritten rules of global development finance.

Greek unions on Friday announced a general strike against a planned overhaul of the country's ailing pensions system.