NEW YORK – World stock prices rose to near five-year highs on Monday on growing investor optimism after Japanese Prime Minister Shinzo Abe strengthened his power base, adding weight to his plans to jumpstart the world's third-biggest economy.

Dutch healthcare, lighting and consumer appliances group Philips has reported a tripling of second quarter net profits compared to a year ago thanks go cost saving and a jump in sales (release). Net profits were up to €317m compared to the €102m in the …

In Germany, the IFO business climate index for July is expected to have inched higher, but the economy is hobbled by the reluctance of firms to invest and by soft global demand: Germany's purchasing managers' index (PMI) for manufacturing has been …

The Bachelor of International Economics (BIE) is a new four-year, full-time degree programme that has been introduced by the Vancouver School of Economics at the University of British Columbia (UBC), Canada, this year. BIE students will be taught the …

A Chinese woman walks past a fashion boutique having a sale at a shopping mall in Beijing, China Monday, July 15, 2013. The United States is still viewed as the world's leading economic power in many countries, according to polls in 39 nations by the …

The global economic fragility appears to have helped unite the financial G20 in a fight against tax avoidance and to seek balanced stimulation of global growth while reducing local deficit. The meeting in Moscow paved the way for the G20 heads of state …

“These losses could just be the cost of doing business or they could be a major new risk for companies and nations as these illicit acquisitions damage global economic competitiveness and undermine technological advantage," the report said. McAfee …

Recent slide in local currencies by most of these nations have given a competitive edge over regional mills but in turn has led to weakening levels. Turkish mills have remained pushy on price levels with shortage of material after … Iran on the other …

Finally, the post-collapse devaluation of the krona has made Icelandic commodities more competitive on global markets, giving the country the trade surplus it desperately needs to amass foreign currency. But the lionization of Iceland glosses over …