World Economy

The conclusions of the latest European Commission and European Central Bank review of the Cyprus economy were the most positive ones since 2013, Finance Minister Harris Georgiades said on…

Turkey’s exports increased by 8.9% annually to reach nearly $11.3 billion in September, the Turkish Exporters’ Assembly said on Sunday,  Anadolu Agency reported. “Exports in the first nine…

Driving to work last week, Dennis Zhemi found his usually busy neighborhood garage in the Zimbabwean capital Harare deserted and a forecourt attendant signaling “no fuel”. For Zhemi, it was a…

The cocoa crop of Ivory Coast, the world’s biggest producer, increased 28.5% to a record 2.15 million tons in the 2016-17 season, the national Coffee and Cocoa Council said.

The Argentinean economy is expected to grow 3% in 2017 and 3.5% in 2018, primarily driven by public and private investments and initiatives expected from the government after the legislative…

International Monetary Fund chief Christine Lagarde said that virtual currencies should not be dismissed outright by various governments around the world. She further claimed that the digital…

Wall Street almost uniformly disagrees with Treasury Secretary Steven Mnuchin's assessment that 3% economic growth in the US is "very, very doable" over the next decade.

China’s central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since February 2016 in a bid to encourage more lending to struggling smaller…

Higher memory chip and steel product sales helped South Korea’s exports surge 35% year-on-year to a record $55.1 billion in September, notching a ninth consecutive month of double-digit growth…

Hard hit by a drop in oil income, energy-rich Persian Gulf Arab states will next year introduce value-added tax to a region long known for being tax-free.

Some have hailed introducing…

The ratings agency S&P maintained Spain’s investment-grade sovereign credit rating Friday, but warned tensions between Madrid and Catalonia could weaken growth prospects if left unchecked.…

Vietnam’s economy surged more than 7% in the third quarter according to data Friday, but officials warned the communist country may still fall short of its annual target.

Vietnam has…

The US Federal Reserve fined HSBC $175 million on Friday for “unsafe and unsound practices” in its foreign exchange trading business, the latest in a series of fines for banks that fail to…

The Norwegian economy is well placed to cope with a moderate strengthening of the country’s crown currency, central bank Governor Oeystein Olsen told Reuters on the sidelines of a meeting with…

Indonesian Minister of National Development Planning Bambang Brodjonegoro says the country’s economic growth rate will reach 5.4% in 2017, higher than the Asian Development Bank’s forecast of 5.…

Mongolia’s strong economic performance in the first half of 2017 will likely continue for the rest of the year, as coal exports and business confidence continue to strengthen. Continued…

Federal Reserve Chair Janet Yellen said gradually raising interest rates is the most appropriate policy approach amid higher uncertainty about inflation, reinforcing the US central bank’s…

Policies promoting labor force flexibility, like those pushed through by French President Emmanuel Macron, are key to fostering a competitive economy, the World Economic Forum said in its…

Canada’s hot economy won’t push Minister of Finance Bill Morneau off his deficit spending plans, with the finance minister pledging continued cash for infrastructure and other programs to make…

Technology and trade have propelled the global economy through a period of great dynamism over the past quarter of a century but–as with any economic advance–there has also been disruption.

Bombardier Inc.’s all-new jetliner, which cost at least $6 billion to develop, just got harder to sell in the world’s largest aviation market.

Although no longer the largest, the South African economy is still the most diversified and developed on the continent. After experiencing a 0.4% contraction in economic growth during the fourth…

Finland is poised to continue its strong economic growth also next year, estimates Pellervo Economic Research, or PTT.

PTT on Tuesday upgraded its growth forecast for the country,…

Lending by eurozone banks to households and companies grew faster in August than the previous month, figures from the European Central Bank showed Wednesday.

Overall credit to the…

The 10th anniversary of the worst downturn since the Great Depression finds the global economy at risk of a fresh crisis and ill-prepared for the disruption likely from the robot age, the World…