World Economy

More South Africans are accessing the consumer credit market with first quarter figures showing that there were 24.7 million credit-active consumers—up 1.6 million in only two years—and that…

Kenya’s supreme court ruling that nullified President Uhuru Kenyatta’s re-election immediately hit headlines across the globe, with ripple effects on local and foreign investors.  

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The tsunami of change was all-pervasive to engulf most of the nation states. Liberalization, free trade, WTO, TPP, NAFTA, EFTA, EU, the information revolution et al came together and broke the…

Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with…

The European Union’s economic and financial committee has criticized US President Donald Trump’s economic policy and is worried that his efforts to boost protectionism pose a threat to the…

The Association of Southeast Asian Nations is to sign a free-trade agreement with Hong Kong in November, a Philippine government official said, following three years of talks, AFP reported. The…

Greek Prime Minister Alexis Tsipras said that the country’s Grexit status had changed and it was now attracting investors in droves. “In 2016, direct foreign investments were the highest in the…

As a flood of unregulated cash swirls through the Chinese economy, Beijing has been taking aim at the trust companies whose unrestrained lending practices are worrying regulators.

The…

British households are being squeezed in the wake of the Brexit vote, a new study reveals. Research by the Trades Union Congress showed wages have fallen, economic growth has weakened and the UK…

The outlook on industrial production remains positive with the expected boost from the government’s robust capital expenditures, especially on infrastructure, Moody’s Analytics, a division of…

Europe’s regulators are competing to hire risk specialists to prepare for an influx of banks escaping Brexit, nudging up salaries and stretching staff budgets, Reuters reported. Wall Street…

Africa’s two largest economies, South Africa and Nigeria, this week managed to climb out of recession. However, their recovery is seen as fragile.

This was highlighted in South Africa…

A slump in Goldman Sachs’s long-dominant trading business has sharpened questions about the Wall Street kingpin’s strategy as technological change disrupts the finance industry.

“Goldman…

The oil-dependent Saudi Arabia economy has ground to a near standstill since crude prices collapsed in 2014. Little wonder that gloom in the property sector has reflected this broader slowdown…

Venezuelan President Nicolas Maduro has invited bondholders to unspecified “negotiations” over the country’s foreign debt in coming days, in response to recent US financial sanctions.

Solid growth in exports, combined with a gradual improvement in domestic demand, has prompted an upward revision of Thailand’s economic outlook by the central bank. On July 5 the monetary policy…

Gold prices rose to their highest in more than a year on Friday as weak economic data reduced expectations of another interest rate increase in the United States this year, US bond yields fell…

The productivity of the Hungarian economy is very weak and this will greatly impact catching up with western economies, says Istvan Konya, a researcher at the Hungarian Academy of Science, bbj.…

German exports saw little growth in July, showed official data released on Friday by the Federal Statistical Office in Wiesbaden.

Germany exported goods worth €103.7 billion ($125.1…

Bitcoin fell sharply on Friday after a report from a Chinese news outlet said China was planning to shut down local crypto currency exchanges, although analysts said this was just a temporary…

Italy’s residential property market is expected to stabilize in 2018 as the country’s economy returns to growth after years of recovering from global financial crisis, according to a report…

The UK wants to leave not just the European Union but also the customs union and single market. This is not compatible with their plans for a ‘soft border’ in Ireland, according to EU negotiator…

European Central Bank policymakers agreed at their meeting on Thursday that their next step would be to begin reducing their monetary stimulus, three sources with direct knowledge of the…

Mexico’s economy is growing faster than expected this year, Finance Minister Jose Antonio Meade said on Friday, raising the government’s economic growth forecast to between 2.0-2.6% from 1.5-2.5…

The Canadian economy seems to be attracting investors’ attention of late because of the dazzling growth prospects it has to offer. The economy finally seems to have left behind the effects of…