The International Monetary Fund on Tuesday bumped up its forecasts for global growth, saying an upswing in the world economy was likely to gather pace into next year.

Global economic output should increase by 3.6 percent this year and by 3.7 percent in 2018, up marginally from the forecast published six months ago but well above growth seen in 2016, the IMF said.

South Korean and Japanese traders sent shares rallying Tuesday as they returned from a long weekend while most other markets tacked on gains despite a soft lead from Wall Street.

Investors started the week on a positive note Monday as they looked past a surprise drop in US jobs and bought into other positives from Friday's employment report that indicated the world's top economy is in rude health.

The economics prize is the only Nobel not originally included in Alfred Nobel's last will and testament. It was established in 1968 by the Swedish central bank in his memory to celebrate its tricentenary.

U.S. economist Richard Thaler won the Nobel Economics prize on Monday for showing that economic and financial decision-makers are not always rational, but mostly deeply human.

The UN's aviation agency has removed a safety "red flag" against Thai carriers, the kingdom's junta leader said Monday, in a major boost to the country's stuttering airlines.

A 2015 audit by the International Civil Aviation Organization (ICAO) of Thai airlines found "significant safety concerns" prompting the downgrade.

Australia's biggest bank, the Commonwealth, vowed Monday to fight what could become the country's largest shareholder class action over alleged breaches of anti-money laundering laws.

The open class action, filed by law firm Maurice Blackburn and litigation funder IMF Bentham in the Federal Court in Melbourne Monday, followed a civil case launched by Australia's financial intelligence agency AUSTRAC in August.

German Finance Minister Wolfgang Schaeuble, the warhorse of the debt crisis, attends his final meeting of eurozone ministers on Monday as variously the most loathed or loved figures in EU politics.

Entrepreneurship is in fashion in France with President Emmanuel Macron spreading a vision of a nation rejuvenated by the energy of startups, but being the boss can be a crushing burden when things go wrong.

Big-name investors including Expedia and Alibaba are pumping billions of dollars into Indonesian tech start-ups in a bid to capitalize on the country’s burgeoning digital economy and potential as Southeast Asia’s largest online market.

A costly months-long battle over the direction of one of America's biggest companies culminates on Tuesday with a shareholder vote at Procter & Gamble headquarters in Cincinnati.