World Economy

The outlook for Oman’s banking sector was cut to negative by Moody’s Investors Service to reflect a reduction in the government’s ability to support the country’s banks, weaker economic growth…

Growth, technology and developing the youth should be regarded as three key issues to drive the Asean community amid fast-changing global challenges, former Asean secretary-general Ong Keng Yong…

Most Southeast Asian stock markets recovered from early fall to close higher on Tuesday as investors started looking beyond the North Korea issues.

For millions of Canadians, whether or not the Bank of Canada increases interest rates Wednesday isn’t merely a financial page headline. It’s matter of money out of their pockets.

July’s…

Britain’s services sector grew at the slowest pace in almost a year in August as economic uncertainty reduced demand.

Growing economic momentum in Brazil is not expected to have kept inflation from hitting a new 18-year low in August, a Reuters poll of economists showed.

Consumer price index probably…

The Nikkei India services purchasing managers’ index rose to 47.5 in August from July’s 45.9. The latest figure shows the Indian services sector was again impacted by the goods and services tax…

Turkey’s consumer price index rose 10.68% in August year on year, hitting double digits once again after June, the Turkish Statistical Institute announced Tuesday, Xinhua reported. On a monthly…

Inflation rate accelerated to a three-month high of 3.1% in August from 2.8% in July, driven by higher prices of food, transport, water, electricity and fuel, the Philippine Statistics Authority…

French electrical equipment maker Schneider Electric said Tuesday it has agreed to combine its industrial software activities with British firm Aveva in the third attempt to merge the two…

Investor sentiment towards most geographic regions improved in September, although according to the results of one widely-followed survey there is some skepticism surrounding the situation in…

AUSTRAC’s civil penalty proceedings against Commonwealth Bank of Australia won’t appear in the Federal Court until April next year, ABC reported. The bank said in a statement Monday that it has…

Hong Kong is lagging behind other Asian cities in developing innovation and technology, and the government has a less open-minded approach towards a sharing economy, a survey of local residents…

The Moody’s rating agency has strongly upgraded Poland’s 2017 GDP forecast to 4.3% from an earlier projection of 3.2%.  The agency said in a report published on Monday that Poland’s faster-…

The unemployment rate among new graduates spiked in the second quarter of this year despite the acceleration of Thai economic growth, thainews reported.

Cypriot Finance Minister Harris Georgiades has said that he is satisfied with the state of the economy, noting that the growth rate in 2017 would reach 3.5%.

Australia’s central bank Governor Philip Lowe did not make it to last month’s federal reserve annual summit in Jackson Hole, Wyoming. But judging from the buzz at central banking’s answer to…

European businesses are demonstrating increased interest to new investment projects in Russia as its economy is reviving after the crisis, Russian Minister of Economic Development Maxim Oreshkin…

South African based research firm, RMB Research, has lauded the government’s decision to agree an extension of the IMF bailout program with Ghana, noting that it brings comfort and continuous…

India’s gross domestic product growth failed to meet expectation as it slumped to 5.7% during the second quarter this year, government data reported. This compares to Q1 growth figures of 6.1%…

France is to sell off state assets to help raise billions of euros to finance innovation, Prime Minister Edouard Philippe said, confirming Economy Minister Bruno Le Maire’s declaration that a…

Indonesia’s annual inflation rate slowed slightly in August as food prices fell on a monthly basis, the Central Statistics Agency said on Monday, Reuters reported. Headline consumer prices rose…

Asian and European stocks tumbled along with the South Korean won Monday while the safe-haven yen rallied on news that North Korea had tested what it claimed was a hydrogen bomb, ramping up…

London copper hit its highest in three years on Monday as investment flowed into industrial metals amid surprisingly robust global factory growth. Factories across Asia and Europe cranked up…

Matthew Lynn, a Bloomberg columnist, warned in Moneyweek that bitcoin’s rapid price rise makes it a bubble that could have ramifications for the entire economy.