World Economy

Economic growth in the third quarter is expected to receive a boost from rising exports, increased government spending and recovery in the global economy, Philippines’ Socioeconomic Planning…

Foreign direct investment inflows to West African countries increased 12% to $11.4 billion in 2016, supported by recovering investment in Nigeria, a recent analysis conducted by the Dubai…

Oman’s economy has achieved a robust 12.3% growth rate to OMR13 billion ($33.78 billion) for the first half of 2017, mainly driven by a marked growth in crude oil prices in the international…

At their 24th meeting in Vietnam, finance ministers of the 21 economies of the Asia-Pacific Economic Cooperation adopted a joint ministerial statement, pledging to use all policy tools, monetary…

Profit warnings have seen their biggest quarterly rise in nearly six years, as the sluggish domestic economy takes its toll on companies’ bottom lines. UK-listed businesses issued 75 profit…

Russia’s economic bounceback from a two-year recession that ended in 2016 slowed in the third quarter, the economy minister said, AFP reported. Gross domestic product grew 2.2% year-on-year…

President Donald Trump said he’s considering Stanford University economist John Taylor and Federal Reserve Governor Jerome Powell for the top job at the central bank, and indicated Fed Chair…

French MPs agreed to slash wealth tax as part of the ongoing debate on next year’s budget that saw them introduce a flat tax on unearned income on Thursday. The left has accused President…

The International Monetary Fund said that Cambodia’s economy was expected to grow by 6.9% this year, slightly down from 7% last year, Xinhua reported. The Southeast Asian nation’s economy is…

General Electric Co’s new chief executive vowed to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called “horrible”…

Fitch Ratings has upgraded Cyprus’ long-term debt in foreign currency by one notch to ‘BB’, one upgrade short of an investment-grade rating, it announced on Saturday, Yahoo reported.

South Korea’s exports rose 6.9% during the first 20 days of October compared to a year earlier, led by brisk sales in semiconductors and ships, data showed Saturday, Yonhap reported. Asia’s…

Fitch Ratings has affirmed Italy's sovereign rating at 'BBB' with a stable outlook, citing political risk as one of the downside factors, the agency said in a statement, according to ANSA news…

Malaysia’s international reserves, which amount to more than $100 billion, are much stronger now than during Dr Mahathir Mohamad’s administration, says Prime Minister Najib Razak.

Almazy Anabara, an affiliate of Russia’s top diamond producer Alrosa, has extracted a large 34.17-carat yellow diamond in the Republic of Sakha (Yakutia), the company said Friday, Tass reported…

Bitcoin surged to a new all-time high above $6,000 on Friday, sending its total market capitalization above $100 billion for the first time ever.

The infamously volatile cryptocurrency…

America’s federal government finished fiscal 2017 with a budget deficit of $666 billion, an increase of $80 billion over the previous year. It was the biggest shortfall since 2013 and the sixth-…

Investor confidence in China’s securities market remains strong, data from the China Securities Investor Protection Fund Corp. showed Saturday. The investor confidence index compiled by the SIPF…

Pakistan is showing clear signs of economic meltdown amid deepening political uncertainty in the country, with opposition politicians pleading for a “financial emergency” to be declared and the…

Is Japan’s problem-plagued economy finally turning a corner? Prime Minister Shinzo Abe is betting it’s in good enough shape to help him win a national election on Sunday. But critics say he hasn…

China's central bank governor has warned the country's excessive debt and shadow banking could cause a financial crisis, despite Chinese banks being tightly state-controlled.

The People'…

Brazil’s inflation rate sped up to the fastest in three months in mid-October as cooking gas prices spiked, bolstering expectations that it has finally bottomed out after hitting 18-year lows.…

Australia’s near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of US carmaker General Motors Co., closed its plant in South Australia to move manufacturing to cheaper…

Taiwan’s export orders hit a record high in September on the back of the global economic recovery and strong demand for electronic devices, according to data released by the island’s economic…

Turkey's Foreign Minister Mevlut Cavusoglu on Thursday said that the Developing-8 countries need to cooperate more in dealing with global challenges of drought, racism, mass migration and…