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UK PM Wants 'Maximum Freedom' on Single Market after Brexit

British Prime Minister Theresa May said Wednesday she wanted a Brexit deal which offered "maximum freedom" to operate in Europe's single market but also emphasized she wanted control over immigration.

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WBank Says Brexit Has Little Impact on Asia

Britain's shock decision to leave the European Union will not be as damaging to developing Asia's economies as feared, the World Bank said Tuesday as it increased its growth forecast for the region this year.

Countries in the Mekong region led by Myanmar are projected to expand at the fastest pace in the next three years, the bank said in an updated report on East Asia and the Pacific, though Thailand was projected to be a laggard.

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Rough Times for Saudi Retail as Govt Cuts Bite

Diamonds glitter in the display cases of Saddam al-Yafae's shop, but the business has lost its sparkle.

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Gold Hits Lowest Level since Brexit Vote

Gold sank Tuesday to the lowest level since the shock Brexit referendum result, taking its cue from the strong dollar -- which climbed on the prospect of rising U.S. interest rates. 

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All 'Legal', ex-IMF Head Rato Says in Embezzlement Trial

Former IMF chief Rodrigo Rato said Tuesday that using the funds of banks he headed up for personal use was "completely legal," as he took the stand in a trial for embezzlement.

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IMF Raises Eurozone Growth Forecast despite Brexit

The IMF raised its growth forecast for the eurozone on Tuesday, but warned of uncertainty due to the still unknown consequences of Brexit and damage caused by low inflation.

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Challenging Times Ahead for Mideast, N. Africa, Says IMF

The Middle East and North Africa region is facing challenging times because of lower oil prices, the fallout from regional tensions and civil conflict, the International Monetary Fund said Tuesday.

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IMF Warns over China's 'Dangerous' Debt Load

China's dependence on debt is growing at a "dangerous pace" and it must act to head off a brewing crisis in the world's second largest economy, the IMF warned Tuesday.

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Credit Card or Selfie? Mastercard Starts Biometric Payments

Shoppers in a dozen European countries can make online payments using a selfie from Tuesday, under a rollout by Mastercard of new payment technology.

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Turkey Cuts Growth Forecast for Troubled 2016

Turkey on Tuesday cut its growth forecast for 2016 to just above three percent, as the global economic environment and effects of the July failed coup take their toll on the economy.

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