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German Industrial Orders Jump on Strong Export Demand

Industrial orders in Germany, a key indicator of the health of Europe's biggest economy, jumped in August, driven by strong overseas demand for German-made goods, data showed on Friday.

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Lagarde Says World Must 'Seize the Opportunity' of Global Recovery

International Monetary Fund chief Christine Lagarde said Thursday a worldwide economic recovery is taking hold, opening a window for countries to enact reforms aimed at attaining broader, lasting prosperity.

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IMF Advises Saudi Not to Rush Reforms, Price Hikes

The International Monetary Fund on Thursday advised Saudi Arabia not to rush reforms and price hikes as the oil-rich kingdom looks to overhaul its economy to cope with low crude prices.

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Madrid Stocks Stage Modest Rebound amid Catalan Crisis

The Madrid stock market rebounded somewhat on Thursday as investor concerns eased over the Catalan independence crisis.

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Vegas Attack Likely to Cast Temporary Shadow on Tourism

The attack that left 58 people dead in Las Vegas could impact America's tourism capital, but only in the short term, experts say, predicting a full recovery within months.

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Trump to Request $29 Billion for Storm-Hit Puerto Rico

U.S. President Donald Trump on Wednesday asked Congress for a bumper $29 billion package of emergency relief after Hurricane Maria slammed into Puerto Rico.

According to a White House letter, Trump asked for a package that includes $12.77 billion in disaster relief and a $16 billion bailout to keep a critical flood insurance program running.

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Saudi Funds Move Bolsters Crown Prince

Saudi Arabia Wednesday announced the consolidation of development funds under a unified body led by Crown Prince Mohammed bin Salman, cementing the powerful prince's position in the Gulf kingdom's affairs.

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German Carmakers Confident as 'Dieselgate' Lifts Sales

Germany's powerful automakers' federation lifted its sales forecast for 2017 Wednesday, as drivers snap up new cars offered at heavy discounts in the wake of a long-running diesel emissions scandal.

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British Supermarket Giant Tesco Returns to Profit

Supermarket group Tesco, Britain's biggest retailer, said Wednesday it returned to profit in its first half as it kept a lid on food price inflation. 

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N. Korea Tension a Threat to Asian Growth, World Bank Says

The World Bank warned Wednesday that surging tensions over North Korea's nuclear programme could be a threat to robust growth in Asia.

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