World Economy

As India’s foreign exchange reserves march toward the unprecedented $400 billion mark, its central bank faces a costly conundrum, PTI reported. To keep the rupee stable and exports competitive,…

Britain's main opposition Labor Party is announcing a policy shift and will seek to keep the country in the European Union's single market and customs union for several years as part of a "soft…

Peru’s economy will expand 2.8% this year, accelerate to 4% in 2018, and consolidate growth around its potential of 4% in the 2018-2021 period, the ministry of economy and finance projected…

This remote South American country, long known for contraband traffickers and a 35-year dictatorship, is now becoming something else: a manufacturing hub.

European Central Bank president Mario Draghi said protectionist policies pose a "serious risk" for growth in the global economy.

Nepal’s Revenue Secretary Shishir Dhungana says that swelling import has turned the country’s economy upside down. Responding to a query raised by member of parliament, Bikash Lamsal, Dhungana…

Foreign investment in Turkey decreased by 8% in the first half of 2017 compared with the same period of 2016, economy ministry data showed, aawsat reported. According to the ministry, Turkey…

China’s commerce ministry late on Friday banned North Korean individuals and enterprises from doing new business in China, in line with United Nations Security Council sanctions passed earlier…

The Spanish economy has now enjoyed almost four straight years of growth following a 0.9% increase in GDP in the second quarter and 3.1% in the last 12 months, according to the National…

Bank of Japan Governor Haruhiko Kuroda said the recent pace of growth in the world’s third-largest economy is probably unsustainable and pledged to continue with very accommodative monetary…

US President Donald Trump signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company on Friday in an effort to halt financing that the…

International credit rating agency, DBRS, has affirmed Malta’s credit rating at A while upgrading the trend on the ratings to positive. The development comes weeks after credit rating upgrades…

Asia Plus Securities believes the Thai economy will expand by 3.5% in 2017 as forecast, after second-quarter growth reached 3.7%, year on year.

Investors are fleeing US stocks in a way they haven't since 2004. For 10 straight weeks a total of $30 billion has left US stocks, marking the longest streak of outflows since 2004, Bank of…

Even debt-free Canadians could eventually feel a pinch from someone else’s maxed-out credit cards, suggests research presented to senior officials at the federal housing agency. Canada Mortgage…

The economic situation in Chile is not showing any signs of improvement, despite the slight increase in demand for copper in the international market.

In 2Q17, the country’s economy…

Japanese inflation ticked up again in July, with core prices rising at a steady pace–signs that the world’s third-largest economy was making progress.

The national consumer price index…

The German state notched up a record budget surplus between January and June, official figures showed Friday, as Europe’s largest economy continued to grow strongly.

Half of the Asian Development Bank-funded projects–worth $3.4 billion–have either become problematic or put on the watch list due to implementation delays, reveals a latest portfolio review that…

Europe’s economy has revved up this year, and that’s good news for US multinationals that rely heavily on exports, and for the high-flying American stock market.

Argentina’s economy posted significantly stronger economic growth in June, expanding 4% from the same month a year ago, the national statistics agency said Thursday.

June’s expansion…

Half of Polish employers say they already face recruitment challenges which impact their companies’ development, says the latest work service report ‘Labor Market Barometer VIII.’ A third of…

Croatia’s gross domestic product is expected to increase by over 3.0% year-on-year in the second quarter of 2017 on the back of household consumption and exports of goods, the Croatian unit of…

The European Investment Bank has agreed to help finance a large-scale wind farm in Mongolia, as part of the East Asian country’s plans to embrace renewable energy, euractiv reported. Mongolia’s…

Gold prices firmed slightly and the dollar churned little changed on Friday as financial markets dug in for two potentially revealing speeches from powerful central bank heads attending the…