World Economy

The finance and economic affairs ministers of the European Union member states discussed updating international tax rules for companies at their informal meeting in Tallinn, capital of Estonia,…

Sales of commercial property in Beijing by surface area fell 44.8% in the first eight months of the year to 5.3 million square meters versus the same period last year, the city’s statistics…

Egypt will issue a €1.5 billion ($1.8 billion) bond by the end of November and plans to launch a new $10 billion Eurobond program next year, the Boursa newspaper reported on Sunday, Reuters said…

Pakistan Prime Minister Shahid Khaqan Abbasi said the tough days for the national economy were over as the country was moving on the course of progress with altogether changed investment climate…

The Philippine economy must diversify to prevent the peso from depreciating too much whenever uncertainties arise from advanced economies, Finance Undersecretary Gil Beltran said over the…

Above-target inflation, low and slowing growth, a fracturing property market and an unstable coalition government have propelled Britain to the status of 'Sick Man of the Investment World'.

Wall Street reached record highs on Friday, with the S&P 500 surpassing 2,500 points as telecommunications shares rose and technology bounced back after two days of declines.

The S…

Kenya lowered its 2017 economic growth forecast to 5.5% due to drought and political uncertainty, a top official said, as the government cut non-essential spending to free up funds for a repeat…

Bitcoin tumbled on Friday, heading for its worst week since January 2015, after people familiar with the matter said China aims to stop exchange trading of crypto currencies by the end of…

Russia’s central bank on Friday cut its key interest rate to 8.5%, the fourth reductions this year as inflation hits a record low, AFP reported. The bank said it took the decision to slice 50…

Argentina’s government presented its 2018 budget to the congress, forecasting economic growth of 3.5% and annual inflation of 15.7% next year, Foxbusiness reported. The budget also expects…

Chinese Foreign Minister Wang Yi kept his focus on building trade and investment ties with Central America during a visit that started Friday in Costa Rica.

European Central Bank executive board member Benoit Coeure late Friday gave the Greek government and the country’s banks a clear warning on nonperforming loans but suggested that the…

This year marks the fiftieth anniversary of the Israeli occupation of Gaza Strip and West Bank, including East Beit-ul Moqaddas. It is the longest occupation in recent history. For the…

Substantial monetary stimulus is still needed to bring inflation in the eurozone back to the European Central Bank’s target of almost 2%, the ECB’s chief economist said in a newspaper interview…

India's exports recorded a double digit growth of 10.29% after a gap of three months to $23.81 billion in August, mainly on account of rise in shipments of chemicals, petroleum and engineering…

The Spanish economy has recovered from a deep crisis and is growing at more than 3% for the third year running, but the unemployment rate remains stubbornly high at 17.2%, though well down on…

French Finance Minister Bruno Le Maire accused US internet giants of escaping their fair share of taxes in Europe, as he pushed the EU to urgently address the issue.

US industrial output fell in August for the first time since January as Hurricane Harvey battered oil, gas and chemical plants along the Gulf Coast and a cool summer sapped utility demand in the…

The Organization for Economic Cooperation and Development has raised Latvia’s GDP growth forecast for 2017 to 4.3%, according to the first survey of the Latvian economy released by the OECD…

Industrial output, a gauge of the activity of large enterprises, grew 6% year on year in August, down from the 6.4% pace a month earlier and retreating to the lowest level this year. Fixed asset…

Indonesia’s central bank expects economic growth to slightly improve in the third quarter and reach a range of 5.1-5.2%, a senior official told reporters on Friday, Reuters reported.

The International Monetary Fund estimates that Serbia’s Economy Ministry has made significant progress in restructuring state-owned companies and supporting small and medium enterprises.

Transforming the eurozone’s bailout fund into a European Monetary Fund is a necessary step and one that could be among the next moves enacted as its members seek to strengthen the currency bloc…

World stocks were mostly lower on Friday after North Korea launched another missile and as central banks continued to point to tighter monetary policy in coming months.