China's September imports fell a more-than-expected 17.7% in Yuan-denominated terms, while exports fell 1.1% from a year earlier, official figures show. The numbers leave the country with a trade surplus of 376.2bn Yuan ($59.4bn)
The 2015 Nobel Prize for Economics has been awarded to Scottish-born economist Professor Angus Deaton, 69, who is currently professor of economics and international affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, in New Jersey.
London's cash-strapped police will no longer keep officers stationed outside the Ecuadorean embassy to catch WikiLeaks founder Julian Assange, who has been holed up inside for over three years, the force said.
Credit ratings agencies have been questioned by the United Nations Conference on Trade and Development (UNCTAD), who says they favor countries with a certain ideological bent.
Brazil is still by far the largest economy in Latin America despite its recession and the impact of the devaluation of the Real, according to the latest report from the International Monetary Fund (IMF), which said Venezuela dropped to the position of the region’s seventh-largest economy with a GDP that’s now half the size of Colombia’s.
Agricultural giant FMC is the latest company to warn about operations in Brazil and now the stock is crashing. On Monday the $5 billion agricultural company announced that it would lay off 800-850 people — saving the company about $150 million a year by 2017 — while also cutting its profit outlook for the third quarter and all of 2015.
Standard Chartered bank, a London-based lender that makes most of its profit in Asia, could cut up to 1,000 senior jobs, according to an internal memo sent to staff. The move from chief executive Bill Winters is meant to cut costs.
Washington's use of its de facto veto at the International Monetary Fund to block reforms giving emerging countries a greater say is jeopardizing the IMF's credibility, complained Managing Director Christine Lagarde.
Argentine ruling party's candidate Daniel Scioli maintains a commanding lead in the presidential race but still lacks enough voter support to win outright in the first round, an opinion poll by the Poliarquia consultancy showed on Sunday.
Damage from the gargantuan corruption scandal centered on Brazilian state oil company Petrobras could amount to as much as 20 billion Reais ($5.3 billion), a lead prosecutor revealed last week.