LONDON: The global economic, financial and political landscape has never been shakier, but the world's rich are confident they can steer through the fog of uncertainty in the coming year "without so much as a dent in their finances", a survey showed on Wednesday. The findings of UBS Wealth Management's survey of more than 2,800 millionaires in seven countries show a high degree of worry about the global financial system on the one hand, and supreme self-confidence and optimism on the other. Some 82 percent of those…
TAIPEI: Taiwan's economy grew at the fastest pace in more than a year during the July-September period, data showed Friday, fuelled by a strong recovery in the electronics sector. The 2.06 percent year-on-year growth, which beat expectations, was the best performance since the first-quarter of 2015 when the economy expanded 4.04 percent. The second straight quarter of growth is encouraging for the island, which just came out of recession in April-June. Traditionally an export-driven technology hub, Taiwan is home to…
LONDON: British manufacturing shrank at its fastest pace in more than three years in July and business confidence tumbled following the Brexit vote, according to surveys that show an increased chance of a recession ahead.
SAN JUAN: Puerto Rico's financial crisis deepened Sunday as Governor Alejandro Garcia Padilla announced the US commonwealth would default on $422 million in debt.
OTTAWA: The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices taking a toll as business investment fell and inventory accumulation slowed.
ATHENS: Radical left party Syriza swept to power in Greece on Sunday promising to end years of painful austerity policies, in an election victory that puts the country on a collision course with the EU and international creditors.
SYDNEY: As leaders of the world's 20 most powerful nations congratulate themselves on plans to boost economic growth, a closer look at their 800-plus policy proposals reveals a catalog of measures that are either old, vague or unlikely to be implemented.