The global economy’s bizarre problem: Too much money

If you’ve seen The Wolf of Wall Street, you know having too much money can be a problem. And too much money is part of the predicament that the world economy finds itself in right now.

US grows at annual rate of 3.5% in third quarter

The US economy grew at an annual rate of 3.5% in the July-September quarter, the Commerce Department has said.

Asian markets mixed after US shares slide

Asian shares have had a mixed day following a sell-off on Wall Street as investors worry about how weak global growth will affect companies' earnings.

US economy adds 175,000 jobs in February

The US economy added 175,000 new jobs in February, but the unemployment rate rose slightly to 6.7%.

Wall Street facing tighter scrutiny as regulators move on Volcker rule

Wall Street is facing tighter scrutiny of its trading activities after US regulators moved on Tuesday to impose stricter rules on the types of trades banks can make following the financial crisis.

World currency turbulence hits company earnings

PARIS: Emerging markets have helped rake in a corporate earnings bonanza in recent years, but a sudden plunge in their currencies in mid-2013 due to an expected cut in US stimulus has sorely hit sales and profit.

Governments must not relax credit standards to boost growth, IMF warns

The International Monetary Fund has warned governments to resist the temptation to relax credit standards to boost growth as it highlighted the UK's lack of lending to small businesses.

US central bank keeps buying bonds to boost economy

The US Federal Reserve has kept its $85bn-a-month bond buying in place, in an effort to keep borrowing costs low and bolster the economy.

Roller-coaster ride for global economy

THE past six months have been a roller-coaster ride for the global economy with US growth concerns, inflation worries and the euro-zone debt crisis affecting investor confidence.

Besides these factors, the tsunami, earthquake and nuclear plant crisis in Japan have also dampened sentiment.

While the overall outlook was generally gloomier than last year, some glimmer in the flow of macroeconomic data inevitably would see investors betting that the worst is over.