Kaesong, which is a bellwether of North-South ties, was closed in May — a casualty of increasing tensions between the two Koreas after the North threatened Seoul with nuclear war. Waiting for workers to leave Kaesong. North Korea pulls workers … It …

To ensure that real estate prices continue to go up, the Federal Reserve will have to continue printing money. And this in turn will eventually lead to an inflationary bust. In fact, Jim Rickards, author of Currency Wars, feels that the Federal Reserve …

Upbeat US economic data has meanwhile boosted hopes for stronger energy demand in the world's top crude consumer, analysts said. The Institute for Supply Management on Monday said its purchasing managers index of US manufacturing activity rose to …

He says the global financial crisis helped tame "way too high" inflation in 2008 of five per cent, producing something more acceptable in the `2s', and while economic growth is on the slow side, the banking system is strong and government finances sound.

Robust economic growth and rising affluence muted public unrest for much of the past decade, but both Brazil and Turkey have seen growth plummet recently. Indeed, growth across the developing world has slowed markedly, arguably to levels that make the …

But the same global economy that has boosted exports also has ravaged the state's apparel industry, a stable employer in some of the poorest rural regions for decades. Thousands of other jobs have been outsourced across the globe — further reducing …

JPMorgan sees China as one of the bright spots for the expansion of its global business, said Mike Cavanagh, co-chief executive officer of JPMorgan's Corporate and Investment Bank. The company plans to continually invest in its businesses in China.

SEOUL, July 4 (Xinhua) — Overseas plant orders won by South Korean companies reduced in the first half of this year amid global economic slowdown, but heavy dependence on the Middle East eased due to solid demand from Europe and Africa, …

The global economy weakened in June, with the Global All-Industry Output index, which collates data taken from the manufacturing and services purchasing managers' indices (PMIs) of individual countries, falling to its lowest level this year. The All …